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Political capitalism : the interaction between income inequality, economic freedom and democracy
Krieger, Tim; Meierrieks, Daniel - 2015
distribution) when inequality is high. We argue that the latter finding corresponds to a system of political capitalism or captured … democracy, where a powerful economic elite cooperates with politicians and bureaucrats for their mutual benefit. …
Persistent link: https://www.econbiz.de/10011411131
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Fiscal policy sustainability, economic cycle and financial crises : the case of the GIPS
Legrenzi, Gabriella Deborah; Milas, Costas - 2012
threshold behaviour for the GIPS, that only correct "large" unbalances, which, in the case of Greece and Portugal, are higher …
Persistent link: https://www.econbiz.de/10009683459
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Fiscal sustainability in the EU after the global crisis : is there any progress?
Wysocki, Maciej; Wójcik, Cezary - 2018
In response to the global crisis a number of new institutional measures have been introduced in the fiscal framework, both on the UE and on the member states’ level, and the question is: have these measures provided better fiscal sustainability outcomes? We approach this question by looking at...
Persistent link: https://www.econbiz.de/10011900847
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How to handle the crisis in Greece? : empirical evidence based on a survey of economics experts
Potrafke, Niklas; Reischmann, Markus Josef - 2016
crisis in Greece. 61.9% of the experts surveyed were not in favour of Greece exiting the Eurozone in the course of the … Republic, Denmark, and Slovakia were in favour of Greece exiting the Eurozone. The share of experts who were in favour of … Greece staying in the Eurozone increased to 69.8% in October 2015. 72.4% of experts surveyed believed that the IMF should …
Persistent link: https://www.econbiz.de/10011452844
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The impact of US trade sanctions on the global trade of target countries : do the political institutions of the targets matter?
Dizaji, Sajjad Faraji; Farzanegan, Mohammad Reza - 2024
stronger political institutions, as measured by democracy indicators, manage to alleviate some of the adverse effects of US …
Persistent link: https://www.econbiz.de/10014464169
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Finance and income inequality : a review and new evidence
Haan, Jakob de; Sturm, Jan-Egbert - 2016
Using a panel fixed effects model for a sample of 121 countries covering 1975-2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10011536253
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Running the U.S. economy at full throttle is a stressful variant of capitalism
Komlos, John - 2022
Maximizing output without taking into consideration the negative externalities generated, including the harm to the mental and physical health of the population creates psychological stress. Focusing on the bellwether indicators of economic performance including working more, generating income,...
Persistent link: https://www.econbiz.de/10013383434
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The Greek crisis : causes and consequences
Pascual, Antonio I. Garcia; Ghezzi, Piero - 2011
Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster … solvency and closing the competitiveness gap. Yet we think Greece stands a better chance of accomplishing these goals from …
Persistent link: https://www.econbiz.de/10009387266
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A theory of government procrastination
Furusawa, Taiji; Lai, Edwin L.-C. - 2011
We present a theory to explain government procrastination as a consequence of its present-bias resulting from the political uncertainty in a two-party political system. We show that under a two-party political system the party in office tends to be present-biased. This may lead to inefficient...
Persistent link: https://www.econbiz.de/10009412378
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Restrictions to civil liberties in a pandemic and satisfaction with democracy
Graeber, Daniel; Meister, Lorenz; Poutvaara, Panu - 2023
-in-differences design to show that stay-at-home orders notably increased satisfaction with democracy and shifted political support towards … centrist parties. Stay-at-home orders increased satisfaction with democracy most among individuals who had been exposed to the … restrictive state interventions. Moreover, we find suggestive evidence that satisfaction with democracy increases more among …
Persistent link: https://www.econbiz.de/10014450777