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The Discipline-Enhancing Role of Fiscal Institutions; Theory and Empirical Evidence
Debrun, Xavier; Kumar, Manmohan S. - International Monetary Fund (IMF) - 2007
This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal institutions lack credibility unless the costs to bypass them are sufficiently high. In our model, a...
Persistent link: https://www.econbiz.de/10005825631
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Rethinking the Governance of the International Monetary Fund
Mirakhor, Abbas; Zaidi, Iqbal Mehdi - International Monetary Fund (IMF) - 2006
This paper attempts to set out the principal issues that need to be resolved in formulating a proposal for quotas and voice reform in the IMF that could command broad support. Following John Rawls, we argue that "justice is the first virtue of social institutions," and we use his theory of...
Persistent link: https://www.econbiz.de/10005825790
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Political Budget Cycles in Papua New Guinea
Faal, Ebrima - International Monetary Fund (IMF) - 2007
series data, a clear pattern emerges of pre-election manipulations of fiscal policy by incumbent governments, mainly in the … form of increased development spending and overall primary expenditure, followed in some cases by retrenchment in post-election … noteworthy that revenue was not statistically significantly related to elections, either in the pre- or post-election period. In …
Persistent link: https://www.econbiz.de/10005826270
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Political Price Cycles in Regulated Industries; Theory and Evidence
Paiva, Claudio; Moita, Rodrigo - International Monetary Fund (IMF) - 2006
election. The paper also provides empirical support for the theoretical model. Using quarterly data from 32 industrial and …
Persistent link: https://www.econbiz.de/10005826438
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Papua New Guinea; Selected Issues Paper and Statistical Appendix
International Monetary Fund (IMF); International … - 2007
the data set and the empirical methods used to test for the presence of election-influenced spending, and presents the …
Persistent link: https://www.econbiz.de/10011245020
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Hold Your Nose and Vote; Why Do Some Democracies tolerate Corruption?
Pani, Marco - International Monetary Fund (IMF) - 2009
This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy, the paper analyzes how corruption distortsthe allocation of...
Persistent link: https://www.econbiz.de/10004999974
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Ghana; Economic Development in a Democratic Environment
Harnack, Joachim; Leite, Sérgio Pereira.; Fabrizio, … - International Monetary Fund (IMF) - 2000
Persistent link: https://www.econbiz.de/10005767349
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Modeling Politics with Economics tools; A Critical Survey of the Literature
Olters, Jan-Peter - International Monetary Fund (IMF) - 2001
Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the effects of government behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "economic theory of politics" that would permit the integration of the...
Persistent link: https://www.econbiz.de/10005605269
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Do Elections Always Motivate Incumbents? Experimentation vs. Career Concerns
Lockwood, Ben; Borgne, Eric Le - International Monetary Fund (IMF) - 2003
This paper studies a principal-agent model of the relationship between an incumbent officeholder and the electorate, where the officeholder is initially uninformed about her ability. If officeholder effort and ability interact in the "production function" that determines performance in office,...
Persistent link: https://www.econbiz.de/10005605403
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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