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Corruption, Seigniorage and Growth : Theory and Evidence
Blackburn, Keith; Neanidis, Kyriakos C.; Haque, M. Emranul - 2021
seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the … of the government's budget constraint, we find strong evidence to support these predictions under different estimation …
Persistent link: https://www.econbiz.de/10013316495
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The Political Economy of Financial Systems : Evidence from Suffrage Reforms in the Last Two Centuries
Degryse, Hans - 2014
Initially, voting rights were limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development as this new electorate has lower financial holdings and benefits less from the uncertainty...
Persistent link: https://www.econbiz.de/10013060987
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Can the Central Bank Alleviate Fiscal Burdens?
Reis, Ricardo - 2017
Central banks affect the resources available to fiscal authorities through the impact of their policies on the public debt, as well as through their income, their mix of assets, their liabilities, and their own solvency. This paper inspects the ability of the central bank to alleviate the fiscal...
Persistent link: https://www.econbiz.de/10012948206
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Experienced Inequality and Preferences for Redistribution
Roth, Christopher - 2017
We examine whether individuals' experienced levels of income inequality affect their preferences for redistribution. We use several large nationally representative datasets to show that people who have experienced higher inequality during their lives are less in favor of redistribution, after...
Persistent link: https://www.econbiz.de/10012964374
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Educational Inequality and Public Policy Preferences : Evidence from Representative Survey Experiments
Lergetporer, Philipp - 2018
To study how information about educational inequality affects public concerns and policy preferences, we devise survey experiments in representative samples of the German population. Providing information about the extent of educational inequality strongly increases concerns about educational...
Persistent link: https://www.econbiz.de/10012908788
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Using Real-Time Data to Test for Political Budget Cycles
Jong-A-Pin, Richard - 2012
We use real‐time annual data on the fiscal balance, government current spending, current revenues and net capital outlays as published at a half yearly frequency in the OECD Economic Outlook for 25 OECD countries. For each fiscal year t we have a number of forecasts, a first release, and...
Persistent link: https://www.econbiz.de/10013100272
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Do Parties Punish MPs for Voting against the Party Line?
Kauder, Bjoern - 2017
We examine whether parties punish politicians who vote against the party line in roll-call votes. Using data of German members of parliament over the legislative period 2009-2013, we take into account that the effect of punishment differs along the list of candidates because a candidate is...
Persistent link: https://www.econbiz.de/10012953695
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Does the Chinese Interest Rate Follow the US Interest Rate?
Cheung, Yin-Wong - 2013
One argument for floating the Chinese renminbi (RMB) is to insulate China's monetary policy from the US effect. However, we note that both theoretical considerations and empirical results do not offer a definite answer on the link between exchange rate arrangement and policy dependence. We...
Persistent link: https://www.econbiz.de/10012753957
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Communications Technology and Terrorism
Mahmood, Rafat - 2020
By facilitating the flow of information in society, communications technology (CT; e.g., newspapers, radio, television, the internet) can help terrorists to (i) spread their message, (ii) recruit followers, and (iii) coordinate among group members. However, CT also facilitates monitoring and...
Persistent link: https://www.econbiz.de/10012852045
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World Price Shocks, Income, and Democratization
Zissimos, Ben - 2021
This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the … threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world … resolve. Because the world price shock may also reduce average incomes, the model provides a way to understand why the level …
Persistent link: https://www.econbiz.de/10013315548