I present a tractable dynamic model of political economy where disagreements about the
composition of public spending result in implementation of short-sighted policies. Excessive …

This paper proposes a dynamic politico‐economic theory of fiscal policy in a world
comprising a set of small open economies, whose driving force is the intergenerational …

This paper studies the optimal level of discretion in policymaking. We consider a fiscal policy
model where the government has time‐inconsistent preferences with a present bias toward …

Is intergenerational risk sharing desirable and feasible in funded pension schemes? Using a
multi-period OLG model, we study risk sharing between generations for a variety of realistic …

We develop a tool akin to the revelation principle for dynamic mechanism‐selection games
in which the designer can only commit to short‐term mechanisms. We identify a canonical …

We study efficient non-linear taxation of labour and capital in a dynamic Mirrleesian model
incorporating political economy constraints. Policies are chosen sequentially over time …

We study a fiscal policy model in which the government is present‐biased towards public
spending. Society chooses a fiscal rule to trade off the benefit of committing the government …

We study the dynamic taxation of capital and labor in the Ramsey model under the
assumption that taxes and public good provision are decided by a self-interested politician …

In this chapter we study dynamic incentive models in which risk sharing is endogenously
limited by the presence of informational or enforcement frictions. We comprehensively …

This paper studies optimal dynamic tax policy under the threat of political reform. A policy
will be reformed ex post if a large enough coalition of citizens supports reform; thus …