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Fiscal Pressures, Institutional Context, and Constituents: A Dynamic Model of States’ Arts Agency Appropriations
arts crowding out Dynamic panel-data estimator flypaper effect public choice public finance
2014/11/26
This report focuses on state government appropriations to state arts agencies (SAA), a primary figure in arts and cultural policy in the United States. A dynamic panel-data estimator can identify the ...
Dynamic Tax Reforms
Dynamic Tax Reforms tax system
2014/3/18
We develop a general method to study tax reforms in dynamic settings by proposing a sophisticated set of perturbations of any tax system. The first contribution of the paper is to derive a gener...
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...