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Why Do Voters Dismantle Checks and Balances?

Acemoglu, Daron - 2011

Voters often dismantle constitutional checks and balances on the executive. If such checks and balances limit presidential abuses of power and rents, why do voters support their removal? We argue that by reducing politician rents, checks and balances also make it cheaper to bribe or influence...

Persistent link: https://www.econbiz.de/10012461364

Inflation-Output Tradeoff as Equilibrium Outcome of Globalization

Binyamini, Alon - 2008

The paper provides an integrated analysis of globalization effects on the inflation-output tradeoff and monetary policy in the New-Keynesian framework. The prediction of the analysis is threefold. First, labor, goods, and capital mobility flatten the Phillips curve, the tradeoff between...

Persistent link: https://www.econbiz.de/10012464268

Cycles of Distrust : An Economic Model

Acemoglu, Daron - 2012

We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially … a sequence of bad actions originated. Assuming that both sides are not extremists, spirals of distrust and conflict get … this mechanism can be useful in interpreting cycles of ethnic conflict and international war, and how it also emerges in …

Persistent link: https://www.econbiz.de/10012460403