Showing 1 - 10 of 25
This paper studies the relationship between fiscal decentralization and electoral accountability, by analysing how …
Persistent link: https://www.econbiz.de/10005504327
Strengthening the relationship of accountability between health service providers and citizens is by many people viewed …
Persistent link: https://www.econbiz.de/10005504630
This paper provides a simple political agency model to explain the effect of political alignment between different tiers of government on intergovernmental grants and election outcomes. Key features of the model are: (i) rational voters interpret public good provision as a signal of incumbent...
Persistent link: https://www.econbiz.de/10011165654
The roles of central banks in the advanced economies have expanded and multiplied since the beginning of the crisis. The conventional monetary policy roles - setting interest rates in the pursuit of macroeconomic stability and acting as lender of last resort and market maker of last resort to...
Persistent link: https://www.econbiz.de/10011083725
parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if … flows of information are necessary, they may be insufficient to improve political accountability, since voters may respond … that could allow increased access to information to promote government accountability. …
Persistent link: https://www.econbiz.de/10011084114
Central banks’ economic and political importance has grown in advanced economies since the start of the Great Financial Crisis in 2007. An unwillingness or inability of governments to use countercyclical fiscal policy has made monetary policy the only stabilization tool in town. However, much...
Persistent link: https://www.econbiz.de/10011084413
Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan market turmoil reminded us - central banks play a crucial role in financial markets not only in setting monetary policy, but also in ensuring their soundness and stability. In this...
Persistent link: https://www.econbiz.de/10005656403
This Paper analyses the impact of term limits in a political agency model. We find that term limits reduce the value of holding office. This reduction in the re-election incentive can induce politicians to implement policies that are closer to their own private preferences. Such ‘truthful’...
Persistent link: https://www.econbiz.de/10005661448
In this paper we investigate central bank accountability by looking at the effect of transparency in a simple monetary …'s accountability. The paper shows that transparency leads to a lower expected rate of inflation and less stabilization of supply shocks. …
Persistent link: https://www.econbiz.de/10005666712
. Centralization allows benefits from policy coordination but has costs in terms of diminished accountability, which can be precisely …
Persistent link: https://www.econbiz.de/10005792514