Publications - Marina Azzimonti

Academic Publications

A Note on Optimal Fiscal Policy in an Economy with Private Borrowing Limits, with P. Yared, Economics Letters, 151 (2017), pp 62-65.
The Costs and Benefits of Balanced Budget Rules: Lessons from a Political Economy Model of Fiscal Policy , with M. Battaglini and S. Coate, Journal of Public Economics, 136 (2016), pp 45-61.
The dynamics of public investment under persistent electoral advantage Review of Economic Dynamics, 18:3 (2015), pp 653-678. » Download the Dataset and Replication Codes (STATA)
Financial Globalization, Inequality, and the Raising of Public Debt, with E. de Francisco and V. Quadrini, American Economic Review, 104:8 (2014), pp 2267-2302. » Download dataset and Fortran Program. » Download the (longer) Working Paper » This article was cited in The Economist! It was also discussed in: Economic Logic and Marginal Evolution .
Polarized Business Cycles, with Matthew Talbert, Journal of Monetary Economics, 67 (2014), pp 47-61. » Download the Fortran Program » Download the (longer) Working paper. » This article was discussed in the following blogs: NEP-DGE Blog and Economic Logic
Barriers to Investment in Polarized Societies, American Economic Review, 101:5 (2011), pp. 2182-2204.
Distortionary taxes and public investment when government promises are not enforceable, with P. Sarte and J. Soares, Journal of Economic Dynamics and Control, 33:9 (2009), pp. 1662-81.
Aggregation and Aggregation, with E. de Francisco and P. Krusell, Journal of the European Economic Association, 6:2-3 (2008), pp. 381-94.
Production Subsidies and Redistribution, with E. de Francisco and P. Krusell, Journal of Economic Theory, 142:1 (2008). (Also circulated as “The Political Economy of Labor Subsidies.”)
Median-Voter Equilibria in the Neoclassical Growth Model Under Aggregation, with E. de Francisco and P. Krusell, Scandinavian Journal of Economics, 108:4 (2006).

Federal Reserve Bank Publications

The political economy of balanced budget amendments, Business Review, Federal Reserve Bank of Philadelphia (Q1, 2013). » This article was discussed in EconoMonitor.
Barriers to Foreign Direct Investment Under Political Instability, with P. Sarte, Federal Reserve Bank of Richmond Economic Quarterly, 93:3 (Summer 2007).