Piguillem, Facundo <br/><br/>
Sticky Spending, Sequestration, and Government Debt 

 -  American Economic Review  2024 
 - 3513-3550 
<br/><br/> Once established, government spending programs tend to continue. A commonly held view is that spending inertia leads to unsustainable debt, ultimately requiring fiscal adjustments such as "sequestration." We show that by insuring against political turnove 
<br/><br/><label>ISSN: </label>0002-8282 
<br/><br/><label>Subjects--Topical Terms: </label><br/> Budget Systems<br/> Fiscal Policy<br/> National Budget<br/> National Debt<br/> Rent-Seeking<br/>Political Processes