Narrow search
Showing 1 - 10 of 1,537
Cover Image
The Cost of Government and the Misuse of Public Assets
Prakash, Tej - 2000
This paper deals with efficiency in the public sector. It argues that the habit of relating efficiency to public … could be used for several purposes including increasing public sector efficiency …
Persistent link: https://www.econbiz.de/10014400238
Cover Image
Public Sector Efficiency and Fiscal Austerity
International Monetary Fund - 1998
or may not improve economic efficiency …
Persistent link: https://www.econbiz.de/10014400822
Cover Image
Populism and civil society
Boeri, Tito; Mishra, Prachi; Papageorgiou, Chris; … - 2018
factor in a healthy liberal democracy. We ask two questions: 1) do individuals who are members of civil associations vote …
Persistent link: https://www.econbiz.de/10011978365
Cover Image
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
Cover Image
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
Cover Image
Credibility dynamics and disinflation plans
Kostadinov, Rumen; Roldán, Francisco - 2020
We study the optimal design of a disinflation plan by a planner who lacks commitment. Having announced a plan, the Central banker faces a tradeoff between surprise inflation and building reputation, defined as the private sector's belief that the Central bank is committed to the plan. Some plans...
Persistent link: https://www.econbiz.de/10012251953
Cover Image
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
Cover Image
Dynamic Incentives and the Optimal Delegation of Political Power
Le Borgne, Eric - 2007
This paper proposes a theory to explain why a politician delegates policy tasks to a technocrat in an independent … opinion. One natural application of the theory is in the field of monetary policy where the model provides a new theory of …
Persistent link: https://www.econbiz.de/10014400341
Cover Image
A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries
Leruth, Luc E. - 2006
A well-functioning public expenditure management (PEM) system is considered a critical pillar of government efficiency … countries using an analytical framework based on principal-agent theory. This simple model can be applied to various PEM systems …
Persistent link: https://www.econbiz.de/10014402932
Cover Image
Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships
De Palma, André - 2009
analyzed using standard tools in economics (incentives and principal-agent theory). We discuss the implications of our approach …
Persistent link: https://www.econbiz.de/10014403060