Professor Allan Drazen received his S.B. in 1972 and his Ph.D. in 1976 from MIT. His primary field of interest is Political Economy. He has also worked in the areas of Macroeconomics and International Economics. His current research includes motivations of political leaders (supported by a three-year grant from the National Science Foundation beginning in 2015), electoral economics, and campaign contributions and lobbying. He teaches graduate courses in Political Economy and Macroeconomics and an undegraduate Honors course on fairness and inequality in economics and politics.
Areas of Interest
- Political Economy
Degree TypeBSDegree DetailsMIT, 1972
Degree TypePhDDegree DetailsMIT, 1976
|Course Name||Course Title||Semester||Syllabus|
|ECON754||Theory of Political Economy||Fall 2022||Syllabus|
|ECON371||Economic Analysis of Good, Evil, and Fairness||Fall 2022|
|ECON754||Theory of Political Economy||Fall 2021|
|ECON709||Advanced Topics in Applied and Theoretical Macroeconomics||Spring 2021|
|ECON808||Workshop on Macroeconomics and Growth; Workshop in Applied Economics||Spring 2021|
- A Structural Model of Electoral Accountability, , International Economic Review 60(2 ), May .
- Does “Being Chosen to Lead” Induce Non-selfish Behavior? Experimental Evidence on Reciprocity, , Journal of Public Economics 174, 13-21, April .
- Electoral Strategies: Persuasion, Mobilization, and Centrism, , Working Paper, April .
- A Structural Model of Electoral Accountability, , NBER Working Paper, April .
- Does "Being Chosen to Lead" Induce Non-Selfish Behavior? Experimental Evidence on Reciprocity, , Working paper, January .
- Consolidation of New Democracy, Mass Attitudes and Clientelism, , American Economic Review 99(2 ), 304-309, May .
- How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Panel of Countries, , American Economic Review 98(5 ), 2203-2220, December .
- A Bargaining Theory of Inefficient Redistribution Policies, , International Economic Review 49(2 ), 621-657, May .
- Political Implications of Fiscal Performance in OECD Countries, , Fiscal Indicators, Banca D'Italia,, 957-982, March .
- Political Budget Cycles in New Versus Established Democracies, , Journal of Monetary Economics 52(7 ), 1271-1295, October .
- Government Gains from Self-Restraint: A Bargaining Theory of Inefficient Redistribution Policies, , CEPR Discussion Paper No. 4007, September .
- Mixed Signals in Defending the Exchange Rate: What do the Data Say?, , CEPR Discussion Paper No. 4050, September .
- Where Does the Political Budget Cycle Really Come From?, , CEPR Discussion Paper No. 4049, September .
- Central Bank Independence, Democracy, and Dollarization, , Journal of Applied Economics 5(1 ), 1-17, May .
- Conditionality and Ownership in IMF Lending: A Political Economy Approach, , CEPR Discussion Paper No. 3562, September .
- Do Crises Induce Reform? Simple Empirical Tests of Conventional Wisdom, , Economics and Politics 13(2 ), 129-158, July .
- When Liberal Policies Reflect External Shocks, What Do We Learn?, , Journal of International Economics 42(3-4 ), 249-273, May .
Department of Economics
drazen [at] umd.edu