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The Political Economy of Weak Treaties
Battaglini, Marco - 2016
In recent decades, democratic countries have signed hundreds of international environmental agreements (IEAs). Most of these agreements, however, are weak: they generally do not include effective enforcement or monitoring mechanisms. This is a puzzle in standard economic models. To study this...
Persistent link: https://www.econbiz.de/10012976975
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On a World Climate Assembly and the Social Cost of Carbon
Weitzman, Martin - 2016
This paper postulates the conceptually useful allegory of a futuristic “World Climate Assembly” (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world “Social Cost of Carbon” (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …
Persistent link: https://www.econbiz.de/10012979375
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Political Booms, Financial Crises
Herrera, Helios - 2014
We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...
Persistent link: https://www.econbiz.de/10013049697
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Who Adjusts and When? On the Political Economy of Reforms
Alesina, Alberto F.; Ardagna, Silvia; Trebbi, Francesco - 2021
Why do countries delay stabilizations of large and increasing budget deficits and inflation? And what explains the timing of reforms? We use the war of attrition model as a guidance for our empirical study on a vast sample of countries. We find that stabilizations are more likely to occur when...
Persistent link: https://www.econbiz.de/10013225052
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The Determinants of the Choice between Fixed and Flexible Exchange-Rate Regimes
Edwards, Sebastian - 2021
In recent years, analysts and policy makers alike have been evaluating the nexus between exchange rates and macroeconomic stability. Among the most important questions is why have some countries adopted rigid, including fixed, exchange-rate paper addresses this question from a political economy...
Persistent link: https://www.econbiz.de/10013237257
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The Size and Scope of Government : Comparative Politics with Rational Politicians
Persson, Torsten; Tabellini, Guido - 2021
We try to demonstrate how economists may engage in research on comparative politics, relating the size and composition of government spending to the political system. A Downsian model of electoral competition and forward-looking voting indicates that majoritarian -- as opposed to proportional --...
Persistent link: https://www.econbiz.de/10013239161
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The Political Resource Curse
Brollo, Fernanda - 2010
The paper studies the effect of additional government revenues on political corruption and on the quality of politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with endogenous entry of political candidates. The evidence...
Persistent link: https://www.econbiz.de/10013148374
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Political Instability, Political Weakness and Inflation : An Empirical Analysis
Edwards, Sebastian; Tabellini, Guido - 2021
In this paper we analyze empirically the most important implications of two family political economy models of inflation: the "myopic? government approach and the "weak" government approach. In myopic government models inflation is the deliberate outcome of politicians strategic behavior, while...
Persistent link: https://www.econbiz.de/10013244087
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The Supply of Environmentalism
Glaeser, Edward L. - 2013
Long before economics turned to psychology, environmentalists were nudging and framing and pushing their cause like highly gifted amateur psychologists. Their interventions seem to have changed behavior by altering beliefs, norms and preferences, but because psychological interventions are often...
Persistent link: https://www.econbiz.de/10013077217
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IMF Programs : Who is Chosen and What are the Effects?
Barro, Robert J.; Lee, Jong-Wha - 2021
IMF lending practices respond to economic conditions but are also sensitive to political-economy variables. Specifically, the sizes and frequencies of loans are influenced by a country's presence at the Fund, as measured by the country's share of quotas and professional staff. IMF lending is...
Persistent link: https://www.econbiz.de/10013310805