to improve spending efficiency and contain future spending pressures. The analysis benchmarks spending in Lithuania …

IFC as the debt bias would shrink. However, when other considerations eclipse competence and give the incumbent a strong … electoral advantage or disadvantage, setting up an IFC may be counterproductive as the debt bias would increase. If the … bias if voters care sufficiently about policymakers' competence; (ii) not all political environments are conducive to the …

Tax provisions favoring corporate debt over equity finance ('debt bias') are widely recognized as a risk to financial … borrowing (the majority of today's rules) have no significant impact on debt bias-which relates to third-party borrowing. Also …

show that optimism bias is greater the longer the forecast horizon …

of debt bias-the tendency of debt to increase over the cycle- that is significantly larger for house price cycles than …

The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … shown that the correlation bias shifts shareholder preferences towards highly correlated assets. For financial institutions …, the correlation bias makes them more prone to fail and raises the level of systemic risk given their interconnectedness …

-level records covering the whole universe of French firms. The quasi-random assignment of judges to cases reveals that judge bias … find that the uncertainty associated with the actual dispersion of judge bias is small and has a non-significant impact on …