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Sticky Spending, Sequestration, and Government Debt
Once established, government spending programs tend to continue. A commonly held view is that spending inertia leads to unsustainable debt, ultimately requiring fiscal adjustments such as "sequestrati ...
American Economic Review, Vol. 114, No. 11, pp. 3513-50, November, 2024
The Power of the Federal Reserve Chair
This article examines the influence exerted by the Federal Reserve chair on monetary policy decisions. We construct a voting model where the chair selects the proposal that is initially put to a vote ...
International Economic Review, Volume 64, Issue 2, May 2023, Pages 727-756, 2023
Nation-building, nationalism, and wars ?
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Journal of Economic Growth, 2020