independence and inflation. In this paper, we construct a theory where the relationship between inflation and central bank … inflation or costly fiscal expansion) rejects the monetary policy proposal of the central bank (which aims to minimize inflation …, increasing the fixed cost of rejecting the central bank's offer creates two opposite effects on inflation: delegation effect and …

Disclosure of lobbying activity has become much more timely and stringent in the US, and many demand similar regulation … also for lobbying in the European Union. Disclosure informs voters about a lobbyist’s activity, but it also informs rival … lobbying groups, with strategic consequences. Under mild conditions, we show that mandatory real-time disclosure exacerbates …

Increasingly, lobbying groups are subject to transparency requirements, obliging them to provide detailed information … about their business. We study the effect this transparency policy has on the nature of lobbying competition. Under mild … conditions, mandated transparency leads to an increase in wastefulness of lobbying competition and a decline in expected …