Impulse responses to an expansionary monetary shock in the standard New Keynesian model and New Keynesian model with fairness concerns

When Two Tribes Go To Work: Board Political Diversity and Firm Performance

European Journal of Political Economy Analysing the effects of ideological diversity in boardrooms, we find a positive correlation with firm performance. However, the causal effect is instead negative, even excluding top management. The implications are discussed in light of growing polarization.

June 2020 · James Rockey, Nadia Zakir
Effect of unemployment insurance on labor market tightness across matching models

Ideology and the Size of US State Government

Public Choice Paper posits ideology’s effect on US state government size intensifies with state income. Ideology-income interaction drives government size; left-leaning ideologies expand government as income increases. Income elasticities vary by state and time, supporting the theory.

October 2012 · Andrew Pickering, James Rockey
Marginal Effect of Ideology on Government Spending Conditional on Income per Capita

Ideology and the Growth of Government

Review of Economics and Statistics A simple extension of the Meltzer-Richard model implies that redistribution an public spending depends on income, the identity of the median voter, and their interaction. Using manifesto data, we show the interaction of ideology and mean income has a major role in explaining the increase and divergence in government size observed across OECD countries.

Andrew Pickering, James Rockey