Título: | POPULISM IN GENERAL EQUILIBRIUM: INDIRECT EFFECTS ON POLITICAL SUPPORT | ||||||||||||
Autor: |
MARCEL CHAMARELLI GUTIERREZ |
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Colaborador(es): |
EDUARDO ZILBERMAN - Orientador TIAGO COUTO BERRIEL - Coorientador |
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Catalogação: | 13/MAR/2017 | Língua(s): | ENGLISH - UNITED STATES |
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Tipo: | TEXT | Subtipo: | THESIS | ||||||||||
Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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Referência(s): |
[pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=29375&idi=1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=29375&idi=2 |
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DOI: | https://doi.org/10.17771/PUCRio.acad.29375 | ||||||||||||
Resumo: | |||||||||||||
We present a version of the standard general equilibrium model with heterogenous agents and incomplete markets to address matters of populism and political support of governments. The novelty is to assume that governments may expropriate part of the resources in the economy. We highlight a new mecanism in which a populist government can obtain the approval necessary to maintain power. Transfers to poorest/less
productive households increases the equilibrium interest rates, by reducing precautionary savings, benefiting rich capital holders and creating a coalition between them. Further, we calibrate the model to a standard U.S
economy and conduct some comparative statics in key parameters to address the likelihood of such arrangement.
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