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We establish an inverse relationship between family ties and political participation, such that the more individuals rely on the family as a provider of services, insurance, transfer of resources, the lower is one's civic engagment and political participation. We also show that strong family...
Persistent link: https://www.econbiz.de/10013150644
Lack of trust in state institutions, often due to poor service provision, is a pervasive problem in many developing … countries. If this increases reliance on non-state actors for crucial services, the resulting self-reinforcing cycle can further … weaken the state. This paper examines whether such a cycle can be disrupted. We focus on dispute resolution in rural Punjab …
Persistent link: https://www.econbiz.de/10012918582
We investigate the causal impact of broadband Internet on political participation using data from Italy. We show that this impact varies across different forms of political engagement and over time. Initially, broadband had a negative effect on turnout in national elections, driven by increased...
Persistent link: https://www.econbiz.de/10013082159
infer it from signals inherent in their living standards, state propaganda, and messages sent by an informed elite via … invest in making convincing state propaganda, censoring independent media, co-opting the elite, or equipping police to …
Persistent link: https://www.econbiz.de/10013023344
Forward guidance about future policy settings, in the form of a published policy-rate path, has for many years been a natural part of normal monetary policy for several central banks, including the Reserve Bank of New Zealand and the Swedish Riksbank. More recently, the Federal Reserve has...
Persistent link: https://www.econbiz.de/10013039629
How does the economy respond to news about future policies or future fundamentals? Standard practice assumes that agents have common knowledge of such news and face no uncertainty about how others will respond. Relaxing this assumption attenuates the general-equilibrium effects of news and...
Persistent link: https://www.econbiz.de/10012980185
We quantify the importance of non-monetary news in central bank communication. Using evidence from four major central banks and a comprehensive classification of events, we decompose news conveyed by central banks into news about monetary policy, economic growth, and separately, shocks to risk...
Persistent link: https://www.econbiz.de/10012911101
We present updated estimates of central bank for 100 countries up through 2006 and use them to analyze both the determinants and consequences of monetary policy transparency in an integrated econometric framework. We establish that there has been significant movement in the direction of greater...
Persistent link: https://www.econbiz.de/10013225595
This paper is an analytic comment on two chapters of the Economic Report of the President for 2006. Chapter One deals with the economy in 2005 and the outlook for the future. The chapter provides a detailed analysis of the expansion in 2005 but not an explanation of why the expansion occurred...
Persistent link: https://www.econbiz.de/10013235896
We present a new automated, objective and intuitive scoring technique to measure the content of central bank communication about future interest rate decisions based on information from the Internet and news sources. We apply the methodology to statements released by the Federal Open Market...
Persistent link: https://www.econbiz.de/10013150907