between political fragmentation and public debt changes. Corruption magnifies the effects; with higher perceived corruption …

Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with … public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented … shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower …

extent of state regulatory activities. Rising corruption also has a clearly positive impact on the growth of the shadow …

This paper examines the role of corruption in the design of monetary policies for developing countries in a framework …, is typically not credible in countries with serious corruption. Second, the optimal degree of conservatism for a Rogoff … (1985)-type central banker is an inverse function of the corruption level. Third, either an optimally designed inflation …

discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption …, and inclusive political institutions to inform and monitor policymaking …

corruption. Weak governance undermines economic performance through various channels, including deficiencies in government … performance by improving governance and reducing corruption. This paper estimates that strengthening governance and mitigating … corruption in the region could be associated with large growth dividends in the long run. While the process would take …

Direct measurement of corruption is difficult due to its hidden nature, and measuring the perceptions of corruption via … countries by applying sentiment analysis to Financial Times articles over 2005-18. This sentiment-enhanced corruption perception … index (SECPI) captures not only the frequncy of corruption related articles, but also the articles' sentiment towards …