Political Economy and Optimal Taxation
Full details for all papers are on the main research page.
A Theory of Gradual Liberalization and Retrenchment (joint with Zhen Huo and José-Víctor Ríos-Rull) — in progress
Time-Consistent Policy with Pre-Tax or Post-Tax Retirement Accounts (joint with Jason Hall) — in progress
Monetary/Fiscal Interactions with Forty Budget Constraints (joint with Gherardo Caracciolo) — Working Paper, Minneapolis Fed, no. 788
A Ramsey Theory of Financial Distortions (joint with Wei Cui) — JPE, 2024
Institution Building without Commitment (joint with Zhen Huo and José-Víctor Ríos-Rull) — AER, 2024
Discussion of 'Fiscal Federalism and Monetary Unions' by Berriel, Gonzalez-Aguado, Kehoe, and Pastorino (joint with Jason Hall) - JME, 2024
Mobility, Population Growth, and Public Capital Spending in the United States (joint with Leslie McGranahan) — RED, 2021
Shotgun Wedding: Fiscal and Monetary Policy (joint with Thomas J. Sargent) — Annual Review of Economics, 2020
Optimal Fiscal Policy with Heterogeneous Agents — QE, 2014
The Research Agenda: Marco Bassetto on the Quantitative Evaluation of Fiscal Policy Rules — Economic Dynamics Newsletter, 2009
Political Economy of Taxation in an Overlapping-Generations Economy — RED, 2008
Government Investment and the European Stability and Growth Pact (joint with Vadym Lepetyuk) — Economic Perspectives, Chicago Fed, 2007
Redistribution, Taxes, and the Median Voter (joint with Jess Benhabib) — RED, 2006
Politics and Efficiency of Separating Capital and Ordinary Government Budgets (joint with Thomas J. Sargent) — QJE, 2006
On the Irrelevance of Government Debt when Taxes are Distortionary (joint with Narayana Kocherlakota) — JME, 2004