Allan Drazen

University of Maryland - Department of Economics

College Park, MD 20742-1815

United States

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • University of Maryland - Department of Economics

    • Email
    • Tel: 301-405-3477
    • Fax: 301-405-7835
SCHOLARLY PAPERS

40

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Scholarly Papers (40)

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1.

Political Budget Cycles in New Versus Established Democracies

Downloads 283 (105,521)

Political Budget Cycles in New Versus Established Democracies

Journal of Monetary Economics, Vol. 52, No. 5, pp. 1271-1295, 2005
Number of pages: 25 Posted: 21 Jul 2006
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics
Downloads 239 (125,240)

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political budget cycle, new democracy, fiscal manipulation

Political Budget Cycles in New Versus Established Democracies

NBER Working Paper No. w10539
Number of pages: 46 Posted: 17 Jun 2004
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics
Downloads 44 (410,032)

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2.

Credibility of Policies Versus Credibility of Policymakers

Downloads 135 (209,317)

Credibility of Policies Versus Credibility of Policymakers

IMF Working Paper No. 94/49
Number of pages: 28 Posted: 15 Feb 2006
Allan Drazen and Paul R. Masson
University of Maryland - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 101 (260,736)

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Credibility of Policies Versus Credibility of Policymakers

NBER Working Paper No. w4448
Number of pages: 34 Posted: 26 Apr 2001 Last Revised: 30 Aug 2010
Allan Drazen and Paul R. Masson
University of Maryland - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 34 (451,783)

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3.

Why are Stabilizations Delayed?

NBER Working Paper No. w3053
Number of pages: 33 Posted: 25 Oct 2000
Alberto F. Alesina and Allan Drazen
Harvard University - Department of Economics and University of Maryland - Department of Economics
Downloads 107 (248,960)

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4.

Political Implications of Fiscal Performance in OECD Countries

Downloads 100 (260,767)

Political Implications of Fiscal Performance in OECD Countries

Fiscal Indicators, Banca D'Italia, pp. 957-982
Number of pages: 26 Posted: 15 Aug 2009
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics
Downloads 58 (361,664)

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Political budget cycle, polical business cycle, fiscal manipulation

Political Implications of Fiscal Performance in OECD Countries

Number of pages: 26 Posted: 15 Feb 2012
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics
Downloads 42 (417,823)

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political budget cycle, fiscal manipulation

5.

Conditionality and Ownership in IMF Lending: A Political Economy Approach

CEPR Discussion Paper No. 3562
Number of pages: 44 Posted: 30 Oct 2002
Allan Drazen
University of Maryland - Department of Economics
Downloads 99 (262,543)
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IMF, foreign aid, conditionality, ownership

6.

A Structural Model of Electoral Accountability

Downloads 88 (283,068)

A Structural Model of Electoral Accountability

Number of pages: 58 Posted: 24 Apr 2015 Last Revised: 22 Mar 2017
S. Borağan Aruoba, Allan Drazen and Razvan Vlaicu
University of Maryland - Department of Economics, University of Maryland - Department of Economics and Inter-American Development Bank (IDB)
Downloads 82 (298,337)

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discipline, selection, political agency, elections, structural estimation, maximum likelihood

A Structural Model of Electoral Accountability

NBER Working Paper No. w21151
Number of pages: 49 Posted: 11 May 2015
S. Borağan Aruoba, Allan Drazen and Razvan Vlaicu
University of Maryland - Department of Economics, University of Maryland - Department of Economics and Inter-American Development Bank (IDB)
Downloads 6 (622,366)

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A Structural Model of Electoral Accountability

CEPR Discussion Paper No. DP11331
Number of pages: 56 Posted: 20 Jun 2016
S. Borağan Aruoba, Allan Drazen and Razvan Vlaicu
University of Maryland - Department of Economics, University of Maryland - Department of Economics and Inter-American Development Bank (IDB)
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discipline, elections, maximum likelihood, political agency, selection, structural estimation

A Structural Model of Electoral Accountability

International Economic Review, Vol. 60, Issue 2, pp. 517-545, 2019
Number of pages: 29 Posted: 22 May 2019
S. Borağan Aruoba, Allan Drazen and Razvan Vlaicu
University of Maryland - Department of Economics, University of Maryland - Department of Economics and Inter-American Development Bank (IDB)
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7.

Pork Barrel Cycles

NBER Working Paper No. w12190
Number of pages: 36 Posted: 25 May 2006 Last Revised: 14 Jun 2006
Allan Drazen and Marcela Eslava
University of Maryland - Department of Economics and University of the Andes (CEDE)
Downloads 61 (347,794)

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8.

How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Cross-Section of Countries

NBER Working Paper No. w11862
Number of pages: 57 Posted: 24 Jan 2006 Last Revised: 24 Apr 2006
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics
Downloads 60 (350,668)

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9.

Electoral Manipulation Via Expenditure Composition: Theory and Evidence

NBER Working Paper No. w11085
Number of pages: 35 Posted: 23 Feb 2005
Allan Drazen and Marcela Eslava
University of Maryland - Department of Economics and University of the Andes (CEDE)
Downloads 58 (356,551)

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10.

Trigger Points and Budget Cuts: Explaining the Effects of Fiscal Austerity

NBER Working Paper No. w3844
Number of pages: 27 Posted: 14 Aug 2007 Last Revised: 15 Jul 2010
Giuseppe Bertola and Allan Drazen
Centre for Economic Policy Research (CEPR) and University of Maryland - Department of Economics
Downloads 54 (368,928)

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11.

The Benefits of Crises for Economic Reforms

NBER Working Paper No. w3527
Number of pages: 28 Posted: 05 Jul 2004 Last Revised: 23 Aug 2010
Allan Drazen and Vittorio Grilli
University of Maryland - Department of Economics and Independent
Downloads 53 (371,978)

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12.

Why is Economic Policy Different in New Democracies? Affecting Attitudes About Democracy

NBER Working Paper No. w13457
Number of pages: 36 Posted: 05 Oct 2007 Last Revised: 07 Jul 2008
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics
Downloads 41 (413,328)

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13.

Political Contribution Caps and Lobby Formation: Theory and Evidence

NBER Working Paper No. w10928
Number of pages: 45 Posted: 14 Dec 2004 Last Revised: 05 Jan 2005
Allan Drazen, Nuno Limão and Thomas Stratmann
University of Maryland - Department of Economics, University of Maryland - Department of Economics and George Mason University - Buchanan Center Political Economy
Downloads 41 (413,328)

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14.

Towards a Political-Economic Theory of Domestic Debt

NBER Working Paper No. w5890
Number of pages: 28 Posted: 11 Jun 2000 Last Revised: 04 Oct 2010
Allan Drazen
University of Maryland - Department of Economics
Downloads 40 (417,172)

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15.

Capital Account Liberalization as a Signal

NBER Working Paper No. w5725
Number of pages: 39 Posted: 16 May 2000 Last Revised: 04 Oct 2010
Leonardo Bartolini and Allan Drazen
Deceased and University of Maryland - Department of Economics
Downloads 39 (420,976)

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16.

Can Public Discussion Enhance Program Ownership?

NBER Working Paper No. w10927
Number of pages: 30 Posted: 13 Dec 2004
Allan Drazen and Peter Isard
University of Maryland - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 38 (425,061)

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17.

Political Contagion in Currency Crises

NBER Working Paper No. w7211
Number of pages: 33 Posted: 30 Apr 2000 Last Revised: 13 Oct 2010
Allan Drazen
University of Maryland - Department of Economics
Downloads 37 (429,126)

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18.

A Simple Test of the Effect of Interest Rate Defense

NBER Working Paper No. w12616
Number of pages: 34 Posted: 27 Oct 2006 Last Revised: 28 Mar 2007
Allan Drazen and Stefan Hubrich
University of Maryland - Department of Economics and T.Rowe Price
Downloads 36 (433,131)

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19.

Inflationary Consequences of Anticipated Macroeconomic Policies

NBER Working Paper No. w2006
Number of pages: 66 Posted: 28 May 2004 Last Revised: 27 Jun 2010
Allan Drazen and Elhanan Helpman
University of Maryland - Department of Economics and Harvard University - Department of Economics
Downloads 32 (449,922)

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20.

News About News: Information Arrival and Irreversible Investment

NBER Working Paper No. t0244
Number of pages: 29 Posted: 03 Mar 2000 Last Revised: 03 Sep 2010
Allan Drazen and Plutarchos Sakellaris
University of Maryland - Department of Economics and University of Maryland - Department of Economics
Downloads 30 (459,184)

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21.

Uncertain Duration of Reform: Dynamic Implications

NBER Working Paper No. w5925
Number of pages: 24 Posted: 09 May 2000 Last Revised: 05 Oct 2010
Guillermo A. Calvo and Allan Drazen
Columbia University - School of International & Public Affairs (SIPA) and University of Maryland - Department of Economics
Downloads 27 (473,920)

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22.

Policy Signaling in the Open Economy: A Re-Examination

NBER Working Paper No. w5892
Number of pages: 32 Posted: 19 Jul 2000 Last Revised: 04 Oct 2010
Allan Drazen
University of Maryland - Department of Economics
Downloads 25 (484,538)

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23.

Government Gains from Self-Restraint: A Bargaining Theory of Inefficient Redistribution

NBER Working Paper No. w10375
Number of pages: 48 Posted: 30 Mar 2004
Allan Drazen and Nuno Limão
University of Maryland - Department of Economics and University of Maryland - Department of Economics
Downloads 24 (489,980)

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24.

Do Leaders Affect Government Spending Priorities?

NBER Working Paper No. w15368
Number of pages: 55 Posted: 21 Sep 2009 Last Revised: 30 Jun 2010
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics
Downloads 22 (501,178)

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25.

Kosher Pork

NBER Working Paper No. w16667
Number of pages: 44 Posted: 10 Jan 2011
Allan Drazen and Ethan Ilzetzki
University of Maryland - Department of Economics and London School of Economics & Political Science (LSE) - Department of Economics
Downloads 21 (506,854)

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26.

Stabilization with Exchange Rate Management Under Uncertainty

NBER Working Paper No. w2268
Number of pages: 30 Posted: 24 Jul 2007 Last Revised: 14 Sep 2010
Allan Drazen and Elhanan Helpman
University of Maryland - Department of Economics and Harvard University - Department of Economics
Downloads 21 (506,854)

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27.

Quantity and Elasticity Spillovers Onto the Labor Market: Theory and Evidence on Sluggishness

NBER Working Paper No. w0676
Number of pages: 31 Posted: 18 Aug 2004
Allan Drazen, Daniel S. Hamermesh and Norman Obst
University of Maryland - Department of Economics, University of Texas at Austin - Department of Economics and Michigan State University
Downloads 20 (512,488)

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28.

Government Gains from Self-Restraint: A Bargaining Theory of Inefficient Redistribution Policies

CEPR Discussion Paper No. 4007
Number of pages: 38 Posted: 24 Sep 2003
Allan Drazen and Nuno Limão
University of Maryland - Department of Economics and University of Maryland - Department of Economics
Downloads 20 (512,488)
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Inefficient transfers, lobbies, special interests, bargaining, caps

29.

When Liberal Policies Reflect External Shocks, What Do We Learn?

Downloads 20 (512,488)

When Liberal Policies Reflect External Shocks, What Do We Learn?

NBER Working Paper No. w5727
Number of pages: 38 Posted: 10 Jun 2000 Last Revised: 04 Oct 2010
Leonardo Bartolini and Allan Drazen
Deceased and University of Maryland - Department of Economics
Downloads 20 (529,954)

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When Liberal Policies Reflect External Shocks, What Do We Learn?

Federal Reserve Bank of New York Staff Reports No. 18
Posted: 17 Apr 1998
Leonardo Bartolini and Allan Drazen
Deceased and University of Maryland - Department of Economics

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30.

Inflation and Wage Dispersion

NBER Working Paper No. w1811
Number of pages: 19 Posted: 28 May 2004
Allan Drazen and Daniel S. Hamermesh
University of Maryland - Department of Economics and University of Texas at Austin - Department of Economics
Downloads 18 (524,117)

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31.

Where Does the Political Budget Cycle Really Come from?

CEPR Discussion Paper No. 4049
Number of pages: 45 Posted: 29 Oct 2003
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics
Downloads 16 (535,509)
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Political budget cycle, new democracy, fiscal manipulation

32.

Mixed Signals in Defending the Exchange Rate: What Do the Data Say?

CEPR Discussion Paper No. 4050
Number of pages: 37 Posted: 31 Oct 2003
Allan Drazen and Stefan Hubrich
University of Maryland - Department of Economics and T.Rowe Price
Downloads 15 (541,365)
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Currency crises, interest rate defense, speculative attacks, signalling

33.

A Theory of Small Campaign Contributions

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A Theory of Small Campaign Contributions

NBER Working Paper No. w24413
Number of pages: 45 Posted: 20 Mar 2018
Laurent Bouton, Micael Castanheira and Allan Drazen
Georgetown University - Department of Economics, Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES) and University of Maryland - Department of Economics
Downloads 6 (622,366)
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A Theory of Small Campaign Contributions

CEPR Discussion Paper No. DP12789
Number of pages: 45 Posted: 20 Mar 2018
Laurent Bouton, Micael Castanheira and Allan Drazen
Georgetown University - Department of Economics, Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES) and University of Maryland - Department of Economics
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Campaign Contributions, Campaign Finance Laws, Electoral Motive, Income inequality

34.

A Bargaining Theory of Inefficient Redistribution Policies

International Economic Review, Vol. 49, Issue 2, pp. 621-657, May 2008
Number of pages: 37 Posted: 08 May 2008
Allan Drazen and Nuno Limão
University of Maryland - Department of Economics and University of Maryland - Department of Economics
Downloads 1 (639,245)
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35.

Does 'Being Chosen' to Lead Induce Non-Selfish Behavior? Experimental Evidence on Reciprocity

CEPR Discussion Paper No. DP11338
Number of pages: 38 Posted: 20 Jun 2016
Allan Drazen and Erkut Ozbay
University of Maryland - Department of Economics and University of Maryland
Downloads 0 (657,341)
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Citizen-Candidate, Dictator Game, leaders, Reciprocity

36.

Consolidation of New Democracy, Mass Attitudes and Clientelism

American Economic Review, Vol. 99, No. 2, pp. 304-9, 2009
Posted: 17 Aug 2009
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics

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clientelism, new democracy, Democratic consolidation, elites, masses

37.

How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Panel of Countries

American Economic Review, Vol. 98, No. 5, pp. 2003-2220, 2008
Posted: 13 Aug 2009
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics

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political budget cycle, political business cycle, fiscal manipulation

38.

Electoral Fiscal Policy in New, Old, and Fragile Democracies

Comparative Economic Studies, Vol. 49, No. 3, 2007
Posted: 28 Apr 2009
Adi Brender and Allan Drazen
Bank of Israel - Research Department and University of Maryland - Department of Economics

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political business cycle, election-year deficit spending, new democracies, electoral fiscal policy

39.

Do Crises Induce Reform? Simple Empirical Tests of Conventional Wisdom

Economics and Politics, Vol. 13, No. 2, pp. 129-158, July 2001
Posted: 24 Jan 2006
William Easterly and Allan Drazen
New York University - Department of Economics and University of Maryland - Department of Economics

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40.

Central Bank Independence, Democracy, and Dollarization

Journal of Applied Economics, Vol. V, No. 1, pp. 1-17, May 2002
Posted: 08 Jul 2004
Allan Drazen
University of Maryland - Department of Economics

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Central bank independence, constitutional democracy, democratic control