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Reform leaders who want to pursue technically sound policies are confronted with the problem of getting myriad government agencies, staffed by thousands of bureaucrats and state personnel, to deliver. This paper provides a framework for thinking about the problem as a series of interdependent...
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Although there is wide recognition of the negative consequences of policy volatility for countries' long-term economic growth, there is limited empirical work on this subject. One of the reasons is the difficulty of measuring policy volatility over long periods of time, especially in developing...
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This study uses text mining techniques on almost 900 presidential "state-of-the-union"-type speeches from 10 Latin American countries from 1819 to 2016. The paper documents a sharp increase in recent decades in references to poverty and inequality. The study's long-term view shows that the way...
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