problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and … democratic elections. An information market is used to predict the long-term performance of a policy, while threshold contracts … possible pitfalls of the mechanism. -- democracy ; elections ; information markets ; threshold contracts and triple mechanism …

We examine “Forward Guidance Contracts”, which make central bankers' utility contingent on the precision of interest …-rate forecasts for some time. Such Forward Guidance Contracts are a flexible commitment device and can improve economic performance … renewable Forward Guidance Contracts and characterize the contracts that the government wants to offer repeatedly. These …

analyse the stationary Markovian equilibria of this game and examine the consequences of threshold contracts, which forbid … reappointment if the principal's utility is too low. We identify the circumstances under which such threshold contracts are welfare …