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to the share of the term in office elapsed, political and regime instability, the occurrence of elections, and inflation … independence. This is confirmed in models for cross-section inflation in which TOR becomes insignificant once its endogeneity is … taken into account. -- central bank governors ; central bank independence ; inflation …
Persistent link: https://www.econbiz.de/10003762844
to the share of the term in office elapsed, political and regime instability, the occurrence of elections, and inflation … independence. This is confirmed in models for cross-section inflation in which TOR becomes insignificant once its endogeneity is …
Persistent link: https://www.econbiz.de/10013316991
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We investigate the degree of leeway donors of foreign aid should grant to recipient governments when their preferences over how to implement the aid are different, and both the donor and recipient possess some private information about the most effective policies. Intuitively, our model shows...
Persistent link: https://www.econbiz.de/10012965388
This paper reviews the empirical literature on the economic costs of corruption. Corruption affects economic growth … economic growth and GDP per capita as well as on six possible transmission channels. The results of this analysis allows to … calculate the total effect of corruption: An increase of corruption by about one index point reduces GDP growth by 0 …
Persistent link: https://www.econbiz.de/10014064549
This paper analyzes a simple model that captures the relationship between institutional quality, the shadow economy and corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market. The exact relationship between corruption and...
Persistent link: https://www.econbiz.de/10014066711
The causes and consequences of corruption have attracted much attention in recent years by both academics and policy makers. Central in the discussion on the impact of corruption are perception-based indices. While informative, these indices are ordinal in nature and hence provide no indication...
Persistent link: https://www.econbiz.de/10014071302