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Most of the literature on monetary policy delegation assumes that the government can credibly commit to the delegation contract, an assumption criticized by McCallum. This paper provides foundations for the assumption that renegotiating a delegation contract can be costly by illustrating how...
Persistent link: https://www.econbiz.de/10005649136
constitution designed to protect citizens against governmental power. However, there is little agreement on, or analysis of, the …
Persistent link: https://www.econbiz.de/10010777760
The process of revision the Romanian Constitution is initiated by the President of Romania on the proposal of the … Constitution responds exclusively to the need to modernize the Romanian society, as it is a new Member State of the European Union … Constitution. The revision of any constitution at a given time responds to the needs of development of the society itself. Unlike …
Persistent link: https://www.econbiz.de/10010586103
, Moscow, Russian Federation. Email: anmayorov@hse.ru The author uses the fundamental management theory to analyze how the …
Persistent link: https://www.econbiz.de/10010894357
The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each resident as in a direct democracy. Rather than focusing on a narrow model with restrictive and specialized assumptions, and subsequent solutions, as has been...
Persistent link: https://www.econbiz.de/10005412496
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The separation of powers is endogenous to the politico-economic process, and thus to politicians’ self-interest. Only little is known about what really drives politicians’ behavior when shaping institutional rules with respect to the separation of powers. We econometrically compare votes of...
Persistent link: https://www.econbiz.de/10010989131