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Corruption, Competition, and Contracts : A Model of Vote Buying
Vardy, Felix J. J. - 2006
In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....
Persistent link: https://www.econbiz.de/10014404237
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When do politicians appeal broadly? : the economic consequences of electoral rules in Brazil
Chin, Moya - 2021
Electoral rules determine how voters' preferences are aggregated and translated into political representation, and their design can lead to the election of representatives who represent broader or narrower constituencies. Relying on a regression discontinuity design, I contrast single- and...
Persistent link: https://www.econbiz.de/10012796797
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Austerity and elections
Alesina, Alberto; Ciminelli, Gabriele; Furceri, Davide; … - 2021
Conventional wisdom holds that voters punish governments that implement fiscal austerity. Yet, most empirical studies, which rely on ex-post yearly austerity measures, do not find supportive evidence. This paper revisits the issue using action-based, real-time, ex-ante measures of fiscal...
Persistent link: https://www.econbiz.de/10012613677
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Do fiscal rules cause fiscal discipline over the electoral cycle?
Eklou, Kodjovi M.; Joanis, Marcelin - 2019
This paper estimates the causal effect of fiscal rules on political budget cycles in a sample of 67 developing countries over the period 1985-2007. We exploit the geographical pattern in the adoption of fiscal rules to isolate an exogenous source of variation in the adoption of national fiscal...
Persistent link: https://www.econbiz.de/10012155128
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Price Controls and Electoral Cycles
Asilis, Carlos M. - 1993
This paper studies the interactions between electoral considerations and the imposition of price controls by opportunistic policymakers. The analysis shows that a policy cycle emerges in which price controls are imposed in periods leading to the election, and removed immediately afterwards. The...
Persistent link: https://www.econbiz.de/10014398107
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Optimal prudential regulation of banks and the political economy of supervision
Tressel, Thierry; Verdier, Thierry - 2014
Persistent link: https://www.econbiz.de/10010388760
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Elements of Optimal Monetary Policy Committee Design
Vandenbussche, Jérôme - 2006
some insights into the question of optimal monetary policy committee design. While the preference aggregation literature … belief aggregation literature analyzes how different committee structures affect the efficiency of information pooling, the …
Persistent link: https://www.econbiz.de/10014400188
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A Political Agency Theory of Central Bank Independence
Eggertsson, Gauti B. - 2003
We propose a theory to explain why, and under what circumstances, a politician gives up rent and delegates policy tasks … to an independent agency. We apply this theory to monetary policy by extending a standard dynamic ""New …-Keynesian"" stochastic general equilibrium model. This model gives a new theory of central bank independence that is unrelated to the …
Persistent link: https://www.econbiz.de/10014400234
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The Political Economy of Redistributive Social Security
Pestieau, Pierre - 1999
Population aging puts significant pressure on social security systems that are based mainly on a pay-as-you-go (PAYG) formula and determined by the political process in which both retirees and future retirees participate. This paper demonstrates that in an economic and demographic steady state,...
Persistent link: https://www.econbiz.de/10014400549
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Rent Seeking
Chakraborty, Shankha - 2005
This paper examines the relationship between rent seeking and economic performance when governments cannot enforce property rights. With imperfect credit markets and a fixed cost of rent seeking, only wealthy agents choose to engage in it, since it enables them to protect their wealth from...
Persistent link: https://www.econbiz.de/10014401029