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)

Optimal Fiscal Policy with Heterogeneous Agents

Quantitative Economics, 2014, vol. 5, n.3, pp. 675-704. Open access.
Appendix for online publication
Working paper version (contains material that was not included in the published version)

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

Economic Dynamics Newsletter, 2009, vol. 10, n.2. Open access.

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 n. 133, 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. Open access.
A more complete version is available as NBER Working Paper n. 13200, 2007.

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 version is available as NBER Working Paper n. 11030, 2005.

On the Irrelevance of Government Debt when Taxes are Distortionary (joint with Narayana Kocherlakota)

Journal of Monetary Economics, 2004, vol. 51, n.2, pp.299-304.
Preprint version
Software code used in the papers above