Barriers to Investment in Polarized Societies

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Fiscal Rules and the Sovereign Default Premium (2022, unknown): “federal government (see Azzimonti et al. (2010) and the references therein). Garcia et al. (2011) compare a balanced budget rule with a structural surplus rule. Beetsma and Uhlig (1999) show how by imposing lower debt levels, the Stability and Growth Pact may help control inflation in the European M”
Migration, diversity, and economic growth (2017, background): “, Esteban & Ray, 2011; Horowitz, 1985; Montalvo & Reynal-Querol, 2005a); (ii) diversity may lead to distortionary taxation, large government sector, or voracious redistribution (Azzimonti, 2011; Lane & Tornell, 1999); (iii) ethnic diversity is negatively correlated to participation in community acti”
Fiscal Rules and Discretion under Persistent Shocks (2012, unknown): “Most closely related is Azzimonti, Battaglini, and Coate (2010), who consider the quantitative welfare implications of a balanced budget rule in an i.”
Mandatory versus Discretionary Spending: The Status Quo Effect (2014, unknown): “We show in this section if public good spending is mandatory, then the public good is provided at a higher level than under discretionary spending.”
Debt Dilution and Sovereign Default Risk (2011, unknown): “The borrower’s high impatience, which is typically assumed in the sovereign default literature, is justified as a reduced form for political conflicts (Amador, 2012; Azzimonti, 2011; Cuadra and Sapriza, 2008).”