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The Interaction and Sequencing of Policy Reforms

Asturias, Jose - 2016

In what order should a developing country adopt policy reforms? Do some policies complement each other? Do others substitute for each other? To address these questions, we develop a two-country dynamic general equilibrium model with entry and exit of firms that are monopolistic competitors. The...

Persistent link: https://www.econbiz.de/10013001790

From Brown to Busing

Cascio, Elizabeth - 2007

An extensive literature debates the causes and consequences of the desegregation of American schools in the twentieth century. Despite the social importance of desegregation and the magnitude of the literature, we have lacked a comprehensive accounting of the basic facts of school desegregation....

Persistent link: https://www.econbiz.de/10012776452

The Euro and Structural Reforms

Alesina, Alberto F. - 2010

This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...

Persistent link: https://www.econbiz.de/10012758159

Democracy and Development : The Devil in the Details

Persson, Torsten; Tabellini, Guido - 2021

Does democracy promote economic development? We review recent attempts to address this question, which exploit the … within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends … growth effect of democracy …

Persistent link: https://www.econbiz.de/10013234089

Can Market and Voting Institutions Generate Optimal Intergenerational Risk Sharing?

Rangel, Antonio; Zeckhauser, Richard J. - 2021

Are market and voting institutions capable of producing optimal intergenerational risk-sharing? To study this question, we consider a simple endowment economy with uncertainty and overlapping generations. Endowments are stochastic; thus it is possible to increase the welfare of every generation...

Persistent link: https://www.econbiz.de/10013221836

Institutions and Behavior : Experimental Evidence on the Effects of Democracy

Dal Bo, Pedro; Foster, Andrew D.; Putterman, Louis - 2021

A novel experiment is used to show that the effect of a policy on the level of cooperation is greater when it is chosen democratically by the subjects than when it is exogenously imposed. In contrast to the previous literature, our experimental design allows us to control for selection effects...

Persistent link: https://www.econbiz.de/10013235634

Political Selection and Persistence of Bad Governments

Acemoglu, Daron - 2010

. Perfect democracy, where current members of the government do not have an incumbency advantage or special powers, always leads … to the emergence of the most competent government. However, any deviation from perfect democracy destroys this result … least competent government can persist forever in office. Moreover, a greater degree of democracy may lead to worse …

Persistent link: https://www.econbiz.de/10013151384

Macroeconomic Policy and Institutions During the Transition to European Union Membership

Branson, William H.; Braga de Macedo, Jorge; von Hagen, … - 2021

membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre …

Persistent link: https://www.econbiz.de/10013225816

Simulating Russia's and Other Large Economies’ Challenging and Interconnected Transitions

Benzell, Seth - 2015

This paper develops a large-scale, dynamic life-cycle model to simulate Russia's demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic...

Persistent link: https://www.econbiz.de/10013021019

Learning Capitalism the Hard Way--Evidence from German Reunification

Triebs, Thomas - 2013

We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical data from the Ifo Institute's Business Climate Survey. We find that firms' forecasts improve as they age. We also exploit German Reunification as a natural experiment where firms...

Persistent link: https://www.econbiz.de/10013079209

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