The Fiscal Politics of Big Governments: Do Coalitions Matter?

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Lambertini, Luisa; Azariadis, Costas;
  • Publisher: MIT Press
  • Subject: Fiscal Policy, Government expenditures

This paper uses a closed voting rule to explain how gradual changes in the socio-economic structure of developed societies shift political coalitions and lead to rapid expansions of transfer programs. Equilibria in a lifecycle economy with three homogeneous groups of vo... View more
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