We experimentally study the influence of local information conditions on elite capture and social exclusion in …

Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be … required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory … transfers can support a Pareto-improving reform. This paper provides sufficient conditions for this to occur, despite tax …

deregulation reform are relatively small due to the small size of the professional services in Germany.Policy reforms i) and ii …This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform … three reforms have positive short-run and long-run effects on employment, wages, and output. The quantitative effects of the …

Empirical evidence on the relationship between democracy and economic reforms is scarce, limited to few reforms and … countries and for few years. This paper studies the impact of democracy on the adoption of economic reforms using a new dataset … on reforms in the financial, capital, public, and banking sectors, product and labor markets, agriculture, and trade for …

Why have economic reforms aimed at reducing the role of the state been successful in some cases but not others? Are … reform failures the consequence of leviathan states that hinder private economic activity, or of weak states unable to …

sample. We contribute by (a) using a new up-to-date dataset of reforms and crises and (b) subjecting it to a combination of … lead to a reversal of liberal reforms, suggesting that governments react to crises by re-regulating financial markets …