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The Political Economy of Mass Incarceration : An Analytical Model

Temin, Peter - 2017

This paper presents a model of mass incarceration in the United States, which has the largest proportion of its population imprisoned among advanced countries. The United States began to differ from other countries in the 1970s in response to changes in judicial policies. Although the Kerner...

Persistent link: https://www.econbiz.de/10012953293

Measuring the Impact of Campaign Finance on Congressional Voting : A Machine Learning Approach

Lalisse, Matthias - 2022

the extent to which campaign finance is predictive of voting behavior in comparison with variables like partisan … cross-referenced with a Representational Similarity Analysis (RSA) linking legislators’ financial and voting records, in … of these facts in terms of Thomas Ferguson’s Investment Theory of Party Competition: due to a number of structural …

Persistent link: https://www.econbiz.de/10013296993

Political Lending

Tahoun, Ahmed - 2020

We document a direct channel through which financial institutions contribute to the net worth of members of the U.S. Congress, particularly those sitting on the finance committees in the Senate and the House of Representatives. These individuals report greater levels of leverage and new...

Persistent link: https://www.econbiz.de/10012855290

Germany and China Have Savings Gluts, the USA is a Sump : So What?

Taylor, Lance - 2020

funds theory, which is institutionally inadequate. More plausible analyses of the persistent trade imbalance can be derived …

Persistent link: https://www.econbiz.de/10012825907

The Personal Wealth Interests of Politicians and the Stabilization of Financial Markets

Tahoun, Ahmed; van Lent, Laurence - 2018

find that the personal wealth interests of politicians are positively associated with voting in favor of the EESA. We …

Persistent link: https://www.econbiz.de/10014124044

Permanent Scars : The Effects of Wages on Productivity

Fontanari, Claudia; Palumbo, Antonella - 2022

This paper explores how stagnating real wages may have contributed to the slowdown of US productivity. Through shift-share analysis, we find that after a sharp change in distribution against wages, some historically high-productivity sectors (like manufacturing) switched towards slower...

Persistent link: https://www.econbiz.de/10014077437

Inflation in the Time of Corona and War

Storm, Servaas - 2022

Reliance on established macroeconomic thinking is not of much use in trying to understand what to do in response to the constellation of forces driving up inflation in these times of COVID-19 and war. This paper attempts to reduce the heat and turn up the light in the debate on the return of...

Persistent link: https://www.econbiz.de/10014082102

Setting the Record Straight on the Libertarian South African Economist W. H. Hutt and James M. Buchanan

Darity, Jr., William A.; Camara, M’Balou; MacLean, Nancy - 2022

In their stormy response to Nancy MacLean’s book Democracy in Chains, some academics on the libertarian right have conducted a concerted defense of Nobel Laureate James Buchanan’s credentials as an anti-racist, or at least a non-racist. An odd component of their argument is a claim of...

Persistent link: https://www.econbiz.de/10014082106

Social Stability and Resource Allocation within Business Groups

Zhu, Haikun - 2020

Exploiting data on intra-group transactions and unexpected shocks to regional stability in China, I show that the business groups of state-owned enterprises (SOEs) use internal funds to address social unrest. The government allocates more funds to SOEs in areas affected by social unrest, which...

Persistent link: https://www.econbiz.de/10014111098

Comments on Paul Davidson's 'Full Employment, Open Economy Macroeconomics, and Keynes’ General Theory : Does the Swan Diagram Suffice?'

Temin, Peter - 2016

' General Theory: Does the Swan Diagram Suffice?” Davidson rejects our use of the Swan diagram and argues that it distorts …

Persistent link: https://www.econbiz.de/10012998497