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Corruption, Competition, and Contracts; A Model of Vote Buying

Vardy, Felix J. J.; Morgan, John - International Monetary Fund (IMF) - 2006

In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....

Persistent link: https://www.econbiz.de/10005248248

Norway: Selected Issues Paper

International Monetary Fund (IMF); International … - 2014

Persistent link: https://www.econbiz.de/10011245036

Switzerland: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Switzerland

International Monetary Fund (IMF); International … - 2014

This 2014 Article IV Consultation outlines that the growth of the Swiss economy has gathered pace, but inflation remains close to zero. The recovery is expected to continue and inflation should rise gradually although the output gap will progressively close. The fiscal position is healthy, with...

Persistent link: https://www.econbiz.de/10011243413

Ethnic Diversity, Democracy, and Corruption

Yehoue, Etienne B. - International Monetary Fund (IMF) - 2007

I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic...

Persistent link: https://www.econbiz.de/10005248127

Colonial Origins, Institutions and Economic Performance in the Caribbean; Guyana and Barbados

DaCosta, Michael - International Monetary Fund (IMF) - 2007

The countries that were once British colonies in the Caribbean share a common language and a colonial history of slavery, dominance of a plantation-based sugar industry, and broadly similar government and administrative traditions. Following independence in the late-1960s economic strategies and...

Persistent link: https://www.econbiz.de/10005263739

Money-Based Versus Exchange-Rate-Based Stabilization; Is there Space for Political Opportunism?

Aisen, Ari - International Monetary Fund (IMF) - 2004

In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent to which these stabilization programs were designed for political motives is not clear. Since exchange-rate-based stabilizations (ERBS) create an initial consumption boom...

Persistent link: https://www.econbiz.de/10005263919

Votingon the "Optimal" Size of Government

Olters, Jan-Peter - International Monetary Fund (IMF) - 2000

Viewing fiscal policies as the outcome of democratically resolved conflicts of households over public goods and taxes, the “economic model of politics” proposes a public choice approach, which does not rely on social welfare functions. With it, a country’s overall budget can be derived...

Persistent link: https://www.econbiz.de/10005264039

Electoral System and Public Spending

Perotti, Roberto; Rostagno, Massimo V.; … - International Monetary Fund (IMF) - 2001

We study the effects of electoral institutions on the size and composition of public expenditure in OECD and Latin American countries. We present a model emphasizing the distinction between purchases of goods and services, which are easier to target geographically, and transfers, which are...

Persistent link: https://www.econbiz.de/10005264182

The Discipline-Enhancing Role of Fiscal Institutions; Theory and Empirical Evidence

Debrun, Xavier; Kumar, Manmohan S. - International Monetary Fund (IMF) - 2007

deficits. In light of the theory, empirical tests of the effectiveness of institutions are undertaken. The results further …

Persistent link: https://www.econbiz.de/10005825631

Corporate Governance Reforms in the EU; Do they Matter and How?

Ivaschenko, Iryna V.; Brooks, Petya Koeva - International Monetary Fund (IMF) - 2008

dynamics of the voting premiums, a measure of the private benefits of control in a corporation. The results indicate that the … reforms have been successful in reducing the voting premiums EU-wide. Moreover, more intense and broad reform efforts (such as … voting premiums across countries and over time. …

Persistent link: https://www.econbiz.de/10005825659

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