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We assess the power of forward guidance--promises about future interest rates--as a monetary tool in a liquidity trap using a quantitative incomplete-markets model. Our results suggest the effects of forward guidance are negligible. A commitment to keep future nominal interest rates low for a...
Persistent link: https://www.econbiz.de/10012453195
Forward guidance about future policy settings, in the form of a published policy-rate path, has for many years been a natural part of normal monetary policy for several central banks, including the Reserve Bank of New Zealand and the Swedish Riksbank. More recently, the Federal Reserve has...
Persistent link: https://www.econbiz.de/10012457870
This is the first study to examine the effect of experiencing a widespread, deadly epidemic on voting behavior. Using data on elections to the U.S House of Representatives and leveraging cross-district variation in HIV/AIDS mortality during the period 1983-1987, we document the effects of the...
Persistent link: https://www.econbiz.de/10012481066
participation, party vote shares, and electoral competitiveness. Our identification strategy exploits the precise timing of these … political participation, with one additional newspaper increasing both presidential and congressional turnout by approximately 0 …
Persistent link: https://www.econbiz.de/10012463105
We establish an inverse relationship between family ties and political participation, such that the more individuals … political participation. We also show that strong family ties appear to be a substitute for generalized trust, rather than a … complement to it. These three constructs-civic engagement, political participation, and trust- are part of what is known as …
Persistent link: https://www.econbiz.de/10012463234
Participation of beneficiaries in the monitoring of public services is increasingly seen as a key to improving their … interventions to encourage beneficiaries' participation through these committees: providing information, training community members …
Persistent link: https://www.econbiz.de/10012464307
survey participation, in particular the propensity of people who do volunteer work to respond to surveys at higher rates than …
Persistent link: https://www.econbiz.de/10012464571
Identifying the role of intrinsic, ideological motivation in political behavior is confounded by agents' consequential aims and social concerns. We present results from two experiments that implement a methodology isolating Pakistani men's intrinsic motives for expressing anti-American ideology,...
Persistent link: https://www.econbiz.de/10012458511
We investigate the causal impact of broadband Internet on political participation using data from Italy. We show that …, broadband fostered other forms of online and offline participation. Over time, the negative effect was reverted due to the …
Persistent link: https://www.econbiz.de/10012459633
We analyze participation in international environmental agreements (IEAs) in a dynamic game where countries pollute and … participation is feasible. Participation becomes attractive because only large coalitions commit to long-term agreements that …
Persistent link: https://www.econbiz.de/10012460076