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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

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

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

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

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

Optimal prudential regulation of banks and the political economy of supervision

Tressel, Thierry; Verdier, Thierry - 2014

Persistent link: https://www.econbiz.de/10010388760

Elements of Optimal Monetary Policy Committee Design

Vandenbussche, Jérôme - 2006

The move from individual decision making to committee decision making is widely seen as a major evolution in contemporary central banking. This paper reviews the relevant economics and social psychology literatures with a view to providing some insights into the question of optimal monetary...

Persistent link: https://www.econbiz.de/10014400188

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

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

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

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