| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6809 |
| DP6809 The Term Structure of Inflation Expectations | |
| Mikhail Chernov; Philippe Mueller | |
| 发表日期 | 2008-04-25 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | The paper develops a political economy model to assess the interplay between political party formation and an environmental policy dimension viewed as secondary to the redistributive dimension. We define being a secondary issue in terms of the intensity of preferences over this issue rather than in terms of the proportion of voters who care for the environment. We build on Levy (2004) for the political equilibrium concept, defined as the solution to a two stage game where politicians first form parties and where parties then compete by choosing a policy bundle in order to win the elections. We obtain the following results: i) The Pigouvian tax never emerges in an equilibrium; ii) The equilibrium environmental tax is larger when there is a minority of green voters; iii) Stable green parties exist only if there is a minority of green voters and income polarization is large enough relative to the saliency of the environmental issue. We also study the redistributive policies advocated by green parties. |
| 主题 | Public Economics |
| 关键词 | Electoral competition Income polarization Party formation Salience Stable green party |
| URL | https://cepr.org/publications/dp6809 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535647 |
| 推荐引用方式 GB/T 7714 | Mikhail Chernov,Philippe Mueller. DP6809 The Term Structure of Inflation Expectations. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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