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Rising to the Challenge : Bayesian Estimation and Forecasting Techniques for Macroeconomic Agent-Based Models

Delli Gatti, Domenico - 2019

We propose two novel methods to "bring ABMs to the data". First, we put forward a new Bayesian procedure to estimate the numerical values of ABM parameters that takes into account the time structure of simulated and observed time series. Second, we propose a method to forecast aggregate time...

Persistent link: https://www.econbiz.de/10012860573

Adaptive Agents May Be Smarter than You Think : Unbiasedness in Adaptive Expectations

Palestrini, Antonio; Gallegati, Mauro; Delli Gatti, Domenico - 2021

Agents forming adaptive expectations generally make systematic mistakes. This characterization has fostered the rejection of adaptive expectations in macroeconomics. Experimental evidence, however, shows that in complex environments human subjects frequently rely on adaptive heuristics –...

Persistent link: https://www.econbiz.de/10013217385

Corruption Under Austerity

Daniele, Gianmarco; Giommoni, Tommaso - 2021

We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the extension of one such policy, the Domestic Stability Pact (DSP), to small Italian municipalities. The DSP led to a decrease in both recorded corruption rates and corruption charges per...

Persistent link: https://www.econbiz.de/10013244240

Young Voters and Budget Deficits

Nyhus, Ole Henning; Strøm, Bjarne - 2023

This paper exploits a novel trial in Norwegian local elections in 2011 to provide empirical evidence on fiscal performance from lowering the minimum voting age from 18 to 16. Using a difference in differences research strategy, we find that this voting age change reduced the net operating...

Persistent link: https://www.econbiz.de/10014357513

Taxing Moral Agents

Muñoz Sobrado, Esteban - 2022

Experimental and empirical findings suggest that non-pecuniary motivations play a significant role as determinants of taxpayers’ decision to comply with the tax authority and shape their perceptions and assessment of the tax code. By contrast, the canonical optimal income taxation model...

Persistent link: https://www.econbiz.de/10014079642

Competitively Elected Women as Policy Makers

Hessami, Zohal - 2020

While still far from parity, female representation in politics has continuously increased over the last two decades worldwide. In light of this development, we analyze whether higher female representation has substantive effects on policy choices using the example of child care – a public good...

Persistent link: https://www.econbiz.de/10012844418

Political Competitiveness and Fiscal Structure : A Time Series Analysis. Canada, 1870 - 2015

Ferris, J Stephen - 2018

We investigate the extent to which the intensity of political competition moderates the governance issues that arise in … competition in and between national parliamentary elections: the size of the majority of the governing party in the House; the … that greater political competition enhances fiscal stability, speeds up convergence of government size from above on …

Persistent link: https://www.econbiz.de/10012908683

The Impact of Online Competition on Local Newspapers : Evidence from the Introduction of Craigslist

Djourelova, Milena; Durante, Ruben; Martin, Gregory - 2021

How does competition from online platforms affect the organization, performance, and editorial choices of newspapers … classified advertising - across US counties between 1995 and 2009. This setting allows us to separate the effect of competition …

Persistent link: https://www.econbiz.de/10013226655

Gender Gaps in Political Careers : Evidence from Competitive Elections

Cipullo, Davide - 2021

This paper investigates the impact of voter support on the representation of women in the political profession. The empirical analysis exploits two-stage elections in the United States and Italy to hold the selection of candidates constant. In two-stage elections, candidates are admitted to the...

Persistent link: https://www.econbiz.de/10013227610

The power of parties

Fiva, Jon H.; Folke, Olle; Sørensen, Rune J. - 2013

As with the market for goods and services, democratic competition involves political parties offering their services …

Persistent link: https://www.econbiz.de/10010291659

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