TY  - BOOK
AU  - Piguillem, Facundo
AU  -  Riboni, Alessandro
TI  - Sticky Spending, Sequestration, and Government Debt
SN  - 0002-8282
PB  - American Economic Review
KW  -  Budget Systems
KW  -  Fiscal Policy
KW  -  National Budget
KW  -  National Debt
KW  -  Rent-Seeking
KW  - Political Processes
N2  - 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
UR  - https://www.aeaweb.org/articles?id=10.1257/aer.20210935
ER  -