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uncoordinated rules. If governments' present bias is small, coordinated rules are tighter than uncoordinated rules: individual … countries do not internalize the redistributive effect of interest rates. However, if the bias is large, coordinated rules are …
Persistent link: https://www.econbiz.de/10012457176
government has time-inconsistent preferences with a present-bias towards public spending. The government chooses a fiscal rule to …
Persistent link: https://www.econbiz.de/10012460115
. Whereas competition can eliminate the effect of ideological bias, it actually exaggerates the incentive to spin stories …There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire … to affect reader opinions in a particular direction. The second bias, which we refer to as spin, reflects the outlet …
Persistent link: https://www.econbiz.de/10012469412
This paper analyzes the timing, pace and efficiency of the on- going job reallocation that results from product and … policies can restore economic efficiency …
Persistent link: https://www.econbiz.de/10012474151
We study the relationship between the spread of social media platforms and the communication and responsiveness of politicians towards voters, in the context of the expansion of Facebook in Brazil. We use self-collected data on the universe of Facebook activities by federal legislators and the...
Persistent link: https://www.econbiz.de/10013334523
Adequate wages are an important tool to shield public officials from special interests and corruption. But what is the equilibrium effect of higher wages in the presence of criminal pressure groups, who use both bribes and violence? By means of a regression discontinuity design, we show that an...
Persistent link: https://www.econbiz.de/10014337819
voters who are aligned with pro-FTA political candidates. We find that import competition plays a role in explaining votes …
Persistent link: https://www.econbiz.de/10013210086
-representativeness of test-takers is an important concern. We examine selectivity bias in both state-level and school-level SAT and ACT …
Persistent link: https://www.econbiz.de/10012464384
This paper provides a historical look at how the multilateral trading system has coped with the challenge of shocks and shifts. By shocks we mean sudden jolts to the world economy in the form of financial crises and deep recessions, or wars and political conflicts. By shifts we mean slow-moving,...
Persistent link: https://www.econbiz.de/10012461059
We study the role of firms' political influence on the effectiveness of government spending using ARRA as a laboratory. Through an IV approach, we show that a 10 percentage points increase in the share of politically connected spending lowers the job creation effect of stimulus by 33 percent at...
Persistent link: https://www.econbiz.de/10014576603