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This article provides a broad overview of published research in the Economic and Social Review (ESR) in the broad areas of fiscal policy. It examines the patterns of publications and citations over time, those sub-areas which have seen the highest rate of publication and the nature of the data...
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We scrutinize the use of value at risk as traders' limit in banks. Thereby, we compare a bank with uninformed traders dealing on a perfect capital market, with a bank in which traders receive a noisy signal about the future price of the stock they are dealing in. Additionally, they are able to...
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This paper presents a theoretical model showing how political mistrust affects people's preferences for Universal Basic Income (UBI) when its implementation involves a reduction in spending for other public services (welfare retrenchment). The model shows that individuals with lower levels of...
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We study the relationship between collusion and corruption in a stylized model of repeated procurement where the cost … bureaucrats, generating a trade-off. When the likelihood of corruption is high and competition is weak, collusion may be a price … worth paying to curb corruption. …
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We find that new states are perceived to be more corrupt even though businesses do not report more bribery in newer states. This is suggestive of an unearned, and likely high, reputational cost to being a new state. These findings hold over a number of specifications that include additional...
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