We document that trust in public institutions — and particularly trust in banks, business and government — has declined … the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …

We present a theory to explain government procrastination as a consequence of its present-bias resulting from the … theory predicts that a government with a more strongly predominant party tends to procrastinate less …

increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a …

government is interpreted as the reaction of voters to a systematic control problem. Voters realize that term-limited executives … government control voters force a lame duck to compromise on policies with an opposing legislature. Based on data from the US … states, I present evidence showing that the probability of divided government is about 8 to 10 percent higher when governors …

high growth, but based on a simple stylized model of government behavior the expectation is that mainly high trust … countries provides support for this expectation. The difference in fiscal policies depending on government trust levels may help …

prudence. A prudent government deliberately underestimates future national income and the tax base, especially if the variance … government spending or a combination of both. It is easy to allow for government assets as well. Finally, political economy …