Papers on political economy (applied to macroeconomics)

Public Investment and Budget Rules for State vs. Local Governments

On the Relationship between Mobility, Population Growth, and Capital Spending in the United States (joint with Leslie McGranahan)

NBER Working paper no. 16970

The Research Agenda: Marco Bassetto on the Quantitative Evaluation of Fiscal Policy Rules

Economic Dynamics Newsletter (2009), vol. 10, n.2.

Political Economy of Taxation in an Overlapping-Generations Economy

Review of Economic Dynamics (2008), vol. 11, n.1, pp. 18-43. An earlier version is available as Federal Reserve Bank of Minneapolis Discussion Paper #133, December 1999

Government Investment and the European Stability and Growth Pact (joint with Vadym Lepetyuk)

Economic Perspectives, Federal Reserve Bank of Chicago, (2007), vol. 31 n.3, pp.33-43. A more complete version is available as
NBER Working Paper no. 13200

Redistribution, Taxes, and the Median Voter (joint with Jess Benhabib)

Review of Economic Dynamics (2006), vol.9, n.2, pp. 211-223.
An earlier version (with some typos) is available as Working Paper, Federal Reserve Bank of Chicago, 2006 n.2.

Politics and Efficiency of Separating Capital and Ordinary Government Budgets (joint with Thomas J. Sargent)

Quarterly Journal of Economics (2006), vol.121 n.4, pp.1167-1210. An older versions is available as NBER Working paper #11030, 2005.

Optimal Fiscal Policy with Heterogeneous Agents

Last update: February 1999
Abstract
Paper in PDF format
Plots in PDF format
Paper in PS format
Plots in PS format