Background and objectives persson and tabellini henceforth pt set the scene with figure 1. He first taught at stanford, then at ucla, and later in italy. Macroeconomics, american economic association, vol. We study the effect of various incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and divided government. Torsten persson, isabelle brocas, guido enrico tabellini, micael castanheira, ronny razin, david stromberg. Advanced topics in economic and political institutions. Persson torsten and guido tabellini 2000 political. This sequel defines and makes serious empirical progress on a broad research agenda for the complex issue of how constitutional statutes from forms of government to electoral rules shape policy outcomes such as the size of the welfare state and the distribution of benefits.
Explaining economic policy rob roy mcgregor 1 public choice volume 108, pages 204 206 2001 cite this article. Torsten persson, guido enrico tabellini, guido tabellini. Persson, torsten and tabellini, guido 2003 the economic e. Separation of powers and political accountability, cesifo working paper series 6, cesifo group munich. Users who downloaded this paper also downloaded these.
Journal of the european economic association 1, no. Chapters 15 presented by salvatore lo bello macro reading group uc3mpolitical economics explaining economic. Explaining economic policy by torsten persson and guido tabellini free ebooks in pdf format. The oxford handbook of political economy surveys the field of political economy. Review essay on persson and tabellinis the economic e. Oxford handbook of political economy oxford handbooks. Citeseerx document details isaac councill, lee giles, pradeep teregowda. See all articles by torsten persson torsten persson. American economic association is collaborating with jstor to digitize, preserve and extend access to the. Persson, torsten and tabellini, guido, political economics and macroeconomic policy november 1997. There are no downloads for this item, see the econpapers faq for hints.
Nobel lectures in economic sciences 19911995 the sveriges riksbank bank of sweden prize in economics 0th edition 0 problems solved. Political economics and public finance by guido tabellini. Political economics versus public choice, kyklos, wiley blackwell, vol. Explaining economic policy, mit press books, the mit press, edition 1, volume 1, number 02626614. Is corruption systematically related to electoral rules. Persson and tabellinis the economic effects of constitutions beautifully complements their earlier political economics. Dec 23, 2008 persson and tabellini the economic effects of constitutions, the mit press, cambridge, 2003 show that presidential regimes and majoritarian election systems have important economic effects. Centre for economic policy research cepr guido tabellini. Download workbook to accompany political economics.
The economic effects of constitutions the mit press. Constitutional rules and fiscal policy outcomes by torsten persson and guido tabellini. He is past president of the european economic association. The nexus of political and economic change, american economic journal. Political economics explaining economic policy torsten. Chapters 15 presented by salvatore lo bello macro reading group uc3mpolitical economics explaining economic policy november 14, 2012 10 17 electoral competition. Here, the number of countries is expanded and more recent data is used. Sections 9 and 10 discuss two sets of topics that i view as important areas for future research in political economy.
Persson and tabellini, w7097 political economics and public finance. Daron acemoglu and james robinson 2005 economic origins of. Torsten persson and guido tabellini, the economic effects. He is receipient of the intesa sanpaolo chair in political economics from july 20.
Mit department of economics 50 memorial drive, building e52 cambridge, ma 02142. Alberto alesina, professor of economics, harvard university analytical models of political institutions frequently neglect the economy. In replicating and extending their analyses, we find that the effect of presidential regimes vanishes almost entirely. Torsten persson is director of the institute for international economic studies at stockholm university and centennial professor at the london school of economics.
I also take advantage of this opportunity to discuss the advantages and disadvantages of a. National bureau of economic research working paper series, 1991. Tabellini, guido and persson, torsten, political economics and public finance march 15. This paper surveys the recent literature on the theory of macroeconomic policy. What determines the size and form of redistributive programs, the extent and type of public goods provision. Pdf epub workbook to accompany political economics. We investigate the effect of electoral rules and forms of government on fiscal policy outcomes in. Download free ebook of workbook to accompany political economics. Persson and tabellini s the economic effects of constitutions beautifully complements their earlier political economics. Persson and tabellini 2003 show that presidential regimes and majoritarian election systems have important effects on fiscal policy, government effectiveness and productivity. During the last decade, persson and tabellini have done more than advance the frontier of research in political economics.
Political economics and public finance by guido tabellini, torsten. Theories of economic policy making often ignore political institutions altogether. Evidence from a central government transfer program in uganda. Guido tabellini has been professor of economics at bocconi university since 1994, where he has been rector from november 2008 to september 2012. Stockholm university institute for international economic studies iies. Section ii zooms in on political and economic reforms, drawing on francesco giavazzi and guido tabellini 2005. Tabellini received his laurea in 1980 from the university of turin, and his ph. We try to address this lacuna by relating corruption to different features of the electoral system in a sample of about eighty democracies in the 1990s. Explaining economic policy by torsten persson and guido tabellini soft copy pdf or read online byisabelle brocaspublished on 2000. Political economics and macroeconomic policy torsten persson, guido tabellini. Explaining economic policy by torsten persson and guido tabellini zeuthen lecture book series. The field of modern political economics needed this book.
Alberto alesina, professor of economics, harvard university. A large and rapidly growing literature in political economics attempts to answer. Published in volume 43, issue 4, pages 10251048 of journal of economic literature, december 2005, abstract. Guido enrico tabellini born january 26, 1956 is an italian economist, rector of bocconi university from november 2008 until july 2012 tabellini received his laurea in 1980 from the university of turin, and his ph. Recent theoretical work suggests a positive answer. Richard, 1981 a rational theory of the size of government, journal of political economy. We investigate the effect of electoral rules and forms of government on fiscal policy outcomes in a large sample of.
Political economics explaining economic policy torsten persson and guido tabellini the mit press cambridge, massachusetts london, england. Guido enrico tabellini born january 26, 1956 is an italian economist, rector of bocconi university from november 2008 until july 2012. Torsten persson and guido tabellini, the economic effects of. Tabellini, guido and persson, torsten, political economics and public finance march 15, 1999. More specically, the readings on which each lecture is based are listed below. Here, their dataset is extended in a number of ways. We now have an outstanding teaching tool, a splendid reference book, and a coherent treatment of the field. Explaining economic policy torsten persson, guido tabellini what determines the size and form of redistributive programs, the extent and type of public goods provision, the burden of taxation across alternative tax bases, the size of government deficits, and the stance of monetary policy during the course of business and. Political economics and macroeconomic policy by torsten. Democratizations as well as liberalizations induce accelerations of growth. Persson and tabellini have done a great service to the profession. Alberto alesina professor of economics, harvard university. Analytical models of political institutions frequently neglect the economy.
Persson t tabellini g 2000 political economics explaining. Constitutional rules and fiscal policy outcomes american. Combining the best of three separate traditionsthe theory of macroeconomic policy, public choice, and rational choice in political sciencetorsten persson and guido tabellini suggest a. Monetary economics this paper surveys the recent literature on the theory of macroeconomic policy. Torsten persson is professor of economics and director of the institute for international economic studies, stockholm university, stockholm, sweden, and centennial professor at the london school of economics, london, united kingdom. Guido tabellini is professor of economics at bocconi university in milan and president of the innocenzo gasparini institute of economic research, also at bocconi university. Persson and tabellini the economic effects of constitutions, the mit press, cambridge, 2003 show that presidential regimes and majoritarian election systems have important economic effects. The seminal papers that underlie the textbook analysis are not explicitly included in the. Furthermore, comparative political science in many ways beat economics to the punch in recognizing the role that political institutions play in determining the economic trajectories of developing and still industrializing economies haggard. Electoral rules and corruption by torsten persson, guido. Guido tabellini deserve much of the credit for making this happen.
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