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Are optimistic expectations keeping the Chinese happy?

Frijters, Paul; Liu, Amy Y.C.; Meng, Xin - In: Journal of Economic Behavior & Organization 81 (2012) 1, pp. 159-171

In this paper we study the effect of optimistic income expectations on life satisfaction amongst the Chinese population … strong in the countryside and amongst rural-to-urban migrants. The importance of these expectations for life satisfaction is … particularly pronounced in the urban areas, though also highly significant for the rural area. If expectations were to reverse from …

Persistent link: https://www.econbiz.de/10010597452

Optimal Prudential Regulation of Banks and the Political Economy of Supervision

Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2014

We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive risk taking. Because of a pecuniary externality, the market equilibrium may not be optimal and...

Persistent link: https://www.econbiz.de/10010790384

The Making of a Continental Financial System: Lessons for Europe from Early American History

Gaspar, Vitor - International Monetary Fund (IMF) - 2014

in default. During his tenure, U.S. Treasuries became the ultimate safe asset. He successfully managed expectations …

Persistent link: https://www.econbiz.de/10010959479

Interest-group size and legislative lobbying

Schneider, Maik T. - In: Journal of Economic Behavior & Organization 106 (2014) C, pp. 29-41

We develop a model of legislative decision making in which lobbying and public policy are jointly determined. We examine how policy outcomes depend on the sizes of the interest groups. While a larger size typically involves favorable effects on policy, we also identify threshold levels of...

Persistent link: https://www.econbiz.de/10010930947

Value and Crisis Theory in the 'Great Recession'

Desai, Radhika; Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2011

This is a prepublication version of an article which appeared in the World Review of Political Economy. Please cite as Desai, R. and A. Freeman. 2001. ‘Value and Crisis Theory in the “Great Recession”’. World Review of Political Economy. Vol 2 No. 1, Spring 2011. Pp 35-47. This article...

Persistent link: https://www.econbiz.de/10011258893

Do Interest Groups Affect U.S. Immigration Policy?

Mishra, Prachi; Facchini, Giovanni; Mayda, Anna Maria - International Monetary Fund (IMF) - 2008

While anecdotal evidence suggests that interest groups play a key role in shaping immigration policy, there is no systematic empirical analysis of this issue. In this paper, we construct an industry-level dataset for the United States, by combining information on the number of temporary work...

Persistent link: https://www.econbiz.de/10005263794

Political Economy of Electricity Subsidy: Evidence from Punjab

Jain, Varinder - Volkswirtschaftliche Fakultät, … - 2006

The electricity subsidy distribution pattern needs to be scrutinised to assess whether the policy benefits small producers, a normative argument often made while granting any input subsidy. In Punjab, this policy is found to ignore equity considerations while granting non-discriminatory...

Persistent link: https://www.econbiz.de/10005836201

The performance of four possible rules for selecting the Prime Minister after the Dutch Parliamentary elections of June 2010

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2010

Economic policy depends not only on national elections but also on coalition bargaining strategies. In coalition government, minority parties bargain on policy and form a majority coalition, and select a Prime Minister from their mids. In Holland the latter is done conventionally with Plurality,...

Persistent link: https://www.econbiz.de/10008530713

Single vote multiple seats elections. Didactics of district versus proportional representation, using the examples of the United Kingdom and The Netherlands

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2010

No new issues are discussed but we try to improve on the didactics of some well-known elementary features of multiple seats elections that rely on a single vote such as common elections for Parliament or the U.S. Congress. The didactics concentrate on proportionality versus districts. Since some...

Persistent link: https://www.econbiz.de/10008533262

Politics, Government Size, and Fiscal Adjustment in Industrial Countries

Annett, Anthony - International Monetary Fund (IMF) - 2002

It is now well established that political and institutional factors matter for fiscal outcomes. Following a review of the literature, this paper examines the relationship between a variety of political-institutional variables and fiscal aggregates-encompassing the overall balance as well as...

Persistent link: https://www.econbiz.de/10005599740