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This paper proposes tests of policy ineffectiveness in the context of macroeconometric rational expectations models. It is assumed that there is a policy intervention that takes the form of changes in the parameters of a policy rule, and that there are sufficient observations before and after...
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This paper introduces two co-movement measures based on the Thick Pen Transform into the macroeconomic literature: the Thick Pen Measure of Association (TPMA) as well as Multi-Thickness Thick Pen Measure of Association (MTTPMA). Both measures are non-parametric, time-varying, and flexible....
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control variables and method of estimation. -- terrorism ; decentralization ; federalism ; governance quality ; government …
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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 document that trust in public institutions-and particularly trust in banks, business and government-has declined …
Persistent link: https://www.econbiz.de/10009011131
alternative mechanism known as divided government. By dividing government control between the executive and legislative branches … states from 1975 to 2000, it is shown that the probability of divided government is 10-15 percent higher when governors are … control an otherwise unaccountable executive. -- divided government ; lame duck ; term limit ; accountability …
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increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a …
Persistent link: https://www.econbiz.de/10009488923