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THE POLITICAL ECONOMY OF MANDATED SPENDING
POLITICAL ECONOMY MANDATED SPENDING government
2008/11/22
It is widely acknowledged that government spending and taxation
are not the sole sources of government influence on resource allocation
and the distribution of income. Modern governments also wield
...
A SURVEY OF THE IMPACT OF BUDGET RULES ON STATE TAXATION, SPENDING, AND DEBT
SPENDING STATE TAXATION BUDGET RULES DEBT
2008/11/18
State government spending has grown dramatically out of proportion
to inflation and population growth. Between 1950 and 1990, real
state spending grew by more than 500 percent. Real state spending
...
This paper presents a dynamic political economy theory of public spending, taxation, and
debt. The theory builds on the well-known tax smoothing approach to fiscal policy pioneered by
Robert Barro...