Showing 1 - 10 of 19
leader accountability, taking into account that there is an autocratic upper government. We exploit variation in the timing … accountability. …
Persistent link: https://www.econbiz.de/10009001062
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
. 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
wasteful projects are often attributed to weak mechanisms of accountability, such as inadequate opportunities for voters to … wasteful spending may be a by-product of the accountability of politicians to their voters, not a symptom of its weakness or …
Persistent link: https://www.econbiz.de/10008468681
they perceive public scrutiny (accountability) as intrusive. Combining these findings implies that both goal …-transparency and accountability will be negatively related to goal-independence for which we present empirical support using …
Persistent link: https://www.econbiz.de/10005123596
Central bank transparency has become the topic of a lively public and academic debate on monetary policy. Unfortunately, it has been complicated by the fact that transparency is a qualitative concept that is hard to measure. This Paper proposes a comprehensive index for central bank transparency...
Persistent link: https://www.econbiz.de/10005123819
The literature argues that the benefits of an independent Central Bank accrue at no cost to the real side. In this paper, we argue that the lack of correlation between monetary autonomy and output variability is due to the proactive role of fiscal policy when faced with rigid monetary...
Persistent link: https://www.econbiz.de/10005124130