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

SCHOLARLY PAPERS

40

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777

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Scholarly Papers (40)

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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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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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.
Downloads 88 (283,068)

A Structural Model of Electoral Accountability

Number of pages: 58 Posted: 24 Apr 2015 Last Revised: 22 Mar 2017
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
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
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
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

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.
Downloads 6 (596,005)

A Theory of Small Campaign Contributions

NBER Working Paper No. w24413
Number of pages: 45 Posted: 20 Mar 2018
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
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