Allan Drazen

Department of Economics
University of Maryland
College Park, MD 20742
Tel: 301/405-3477
Fax: 301/405-7835

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
NBER Program Affiliations: EFG , IFM , POL
NBER Affiliation: Research Associate
Institutional Affiliation: University of Maryland

NBER Working Papers and Publications

June 2020Reciprocity versus Reelection
with Prateik Dalmia, Erkut Y. Ozbay: w27301
November 2019A Journal-Based Replication of “Being Chosen to Lead”
with Anna Dreber Almenberg, Erkut Y. Ozbay, Erik Snowberg: w26444
March 2018A Theory of Small Campaign Contributions
with Laurent Bouton, Micael Castanheira: w24413
May 2015A Structural Model of Electoral Accountability
with S. Borağan Aruoba, Razvan Vlaicu: w21151

Published: S. Borağan Aruoba & Allan Drazen & Razvan Vlaicu, 2018. "A STRUCTURAL MODEL OF ELECTORAL ACCOUNTABILITY," International Economic Review, . citation courtesy of

August 2011Comment on "Toward a Political Economy of Macroeconomic Thinking"
in NBER International Seminar on Macroeconomics 2011, Jeffrey Frankel and Christopher Pissarides, organizers
January 2011Kosher Pork
with Ethan Ilzetzki: w16667
September 2009Do Leaders Affect Government Spending Priorities?
with Adi Brender: w15368
October 2007Why is Economic Policy Different in New Democracies? Affecting Attitudes About Democracy
with Adi Brender: w13457
October 2006A Simple Test of the Effect of Interest Rate Defense
with Stefan Hubrich: w12616

Published: Drazen, Allan & Hubrich, Stefan, 2006. "A simple test of the effect of interest rate defense," Journal of the Japanese and International Economies, Elsevier, vol. 20(4), pages 612-636, December.

May 2006Pork Barrel Cycles
with Marcela Eslava: w12190
December 2005How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Cross-Section of Countries
with Adi Brender: w11862

Published: Adi Brender & Allan Drazen, 2008. "How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Panel of Countries," American Economic Review, American Economic Association, vol. 98(5), pages 2203-20, December.

January 2005Electoral Manipulation via Expenditure Composition: Theory and Evidence
with Marcela Eslava: w11085
November 2004Can Public Discussion Enhance Program Ownership?
with Peter Isard: w10927
Political Contribution Caps and Lobby Formation: Theory and Evidence
with Nuno Limão, Thomas Stratman: w10928

Published: Drazen, Allan & Limao, Nuno & Stratmann, Thomas, 2007. "Political contribution caps and lobby formation: Theory and evidence," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 723-754, April. citation courtesy of

June 2004Political Budget Cycles in New versus Established Democracies
with Adi Brender: w10539

Published: Brender, Adi and Allan Drazen. "Political Budget Cycles In New Versus Established Democracies," Journal of Monetary Economics, 2005, v52(7,Oct), 1271-1295. citation courtesy of

March 2004Government Gains from Self-Restraint: A Bargaining Theory of Inefficient Redistribution
with Nuno Limão: w10375
January 2003Interest Rate Defense against Speculative Attack as a Signal. A Primer
in Managing Currency Crises in Emerging Markets, Michael P. Dooley and Jeffrey A. Frankel, editors
January 2001The Political Business Cycle After 25 Years
in NBER Macroeconomics Annual 2000, Volume 15, Ben S. Bernanke and Kenneth Rogoff, editors
January 2000Political Contagion in Currency Crises
in Currency Crises, Paul Krugman, editor
August 1999News About News: Information Arrival and Irreversible Investment
with Plutarchos Sakellaris: t0244

Published: Drazen, Allan and Plutarchos Sakellaris. "New About News: Information Arrival And Irreversible Investment," Macroeconomic Dynamics, 1999, v3(3,Sep), 451-462.

July 1999Political Contagion in Currency Crises
February 1997Uncertain Duration of Reform: Dynamic Implications
with Guillermo A. Calvo: w5925

Published: Calvo, Guillermo A. & Drazen, Allan, 1998. "Uncertain Duration Of Reform," Macroeconomic Dynamics, Cambridge University Press, vol. 2(04), pages 443-455, December.

January 1997Towards a Political-Economic Theory of Domestic Debt

Published: Calvo, G. and M. King (eds.) The Debt Burden and its Consequences for Monetary Policy. London: Macmillan, 1998.

Policy Signaling in the Open Economy: A Re-Examination

Published: Wolf, H. (ed.) Contemporary Economic Development Reviewed, vol. 5, Macroeconomic Policy and Financial Systems. London: Macmillan, 1997.

August 1996Capital Account Liberalization as a Signal
with Leonardo Bartolini: w5725

Published: The American Economic Review, Vol. 87, No. 1 (Mar., 1997), pp. 138-154 citation courtesy of

When Liberal Policies Reflect External Shocks, What Do We Learn?
with Leonardo Bartolini: w5727

Published: Bartolini, Leonardo & Drazen, Allan. "When liberal policies reflect external shocks, what do we learn?," Journal of International Economics, Elsevier, vol. 42(3-4), pages 249-273, May 1997 citation courtesy of

September 1993Credibility of Policies versus Credibility of Policymakers
with Paul R. Masson: w4448

Published: Quarterly Journal of Economics, vol.109, no.3, August 1994. citation courtesy of

September 1991Trigger Points and Budget Cuts: Explaining the Effects of Fiscal Austerity
with Giuseppe Bertola: w3844

Published: American Economic Review, vol. 83, no. 9, pp. 11-26 March 1993 citation courtesy of

December 1990The Benefits of Crises for Economic Reforms
with Vittorio Grilli: w3527

Published: American Economic Review, vol.83, no.3, June1993. citation courtesy of

August 1989Why are Stabilizations Delayed?
with Alberto Alesina: w3053

Published: The American Economic Review, vol.81, no.5, (December 1991). citation courtesy of

May 1987Stabilization with Exchange Rate Management under Uncertainty
with Elhanan Helpman: w2268

Published: Economic Effects of the Government Budget, edited by Elhanan Helpman, Assaf Razin, and Efraim Sadka, pp. 310-327. Cambridge, MA: MIT Press, 1988.

August 1986Inflationary Consequences of Anticipated Macroeconomic Policies
with Elhanan Helpman: w2006

Published: Review of Economic Studies, Vol. 57, No. 189, pp. 147-164, (January 1990). citation courtesy of

1986Inflation and Wage Dispersion
with Daniel S. Hamermesh: w1811

Published: Drazen, Allan and Daniel S. Hamermesh. "Inflation and Wage Dispersion," Economic Letter, vol. 25 (1987), pp. 225-231

May 1981Quantity and Elasticity Spillovers onto the Labor Market: Theory and Evidence on Sluggishness
with Daniel S. Hamermesh, Norman P. Obst: w0676

Published: Drazen, Allan, Daniel S. Hamermesh, and Norman P. Obst. "The Variable Employment Elasticity Hypothesis: Theory and Evidence." Research in Labor Economics, Vol. 6 , (1984), pp. 287-309.

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