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Bureaucracy, underground activities, and fluctuations
Soldatos, Gerasimos Th. - In: Atlantic review of economics : AROE 2 (2014)
This is a note on corruption and underground economy in a Kaldor-type model of the business cycle. It appears that when …
Persistent link: https://www.econbiz.de/10011308143
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Betrayed by the Elites : How Corruption Amplifies the Political Effects of Recessions
Sanz, Carlos - 2020
We investigate whether corruption amplifies the political effects of economic crises. Using Spanish municipal … than in municipalities without a history of political corruption. We bolster this evidence by showing that, conditional on … interaction of unemployment and corruption harms the two traditional main parties and benefits especially the new party on the …
Persistent link: https://www.econbiz.de/10012823993
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Self-reported satisfaction and the economic crisis of 2007 - 10 : or how people in the UK and Germany perceive a severe cyclical downturn
Mertens, Antje; Beblo, Miriam - 2013
Self-reported satisfaction measures respond to a great variety of socio-demographic characteristics as well as the job and living environment. In this paper we ask whether the recent financial market crisis has caused a deterioration of satisfaction not only for the unemployed but also for those...
Persistent link: https://www.econbiz.de/10010128239
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Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Wellbeing
Wolfers, Justin - 2011
This paper analyzes the effects of business cycle volatility on measures of subjective well-being, including self-reported happiness and life satisfaction. I find robust evidence that high inflation and, to a greater extent, unemployment lower perceived well-being. Greater macroeconomic...
Persistent link: https://www.econbiz.de/10014033618
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Counter-Cyclical Enforcement of Corporate Law
Aviram, Amitai - 2007
Corporate and securities laws are seen to mitigate corporate fraud by 'manipulating the incentives of agents': presenting corporate agents with a probability of being caught and punished if they commit fraud. This article suggests that the same laws also affect corporate fraud in a significant...
Persistent link: https://www.econbiz.de/10014052348
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Lending Cycles and Real Outcomes : Costs of Political Misalignment
Bircan, Cagatay - 2019
We use data on credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending around local elections compared with private banks in the same province. There is considerable tactical redistribution: state-owned banks increase credit in...
Persistent link: https://www.econbiz.de/10012894176
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Lending Cycles and Real Outcomes : Costs of Political Misalignment
Bircan, Cagatay - 2019
We use data on the universe of credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending around local elections compared with private banks in the same province. There is considerable tactical redistribution: state-owned banks increase...
Persistent link: https://www.econbiz.de/10012894213
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Lending Cycles and Real Outcomes : Costs of Political Misalignment
Bircan, Cagatay - 2019
We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust their lending around local elections compared with private banks in the same province based on electoral competition and...
Persistent link: https://www.econbiz.de/10012896140
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Lending Cycles and Real Outcomes : Costs of Political Misalignment
Bircan, Cagatay; Saka, Orkun - 2021
We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust their lending around local elections compared with private banks in the same province based on electoral competition and...
Persistent link: https://www.econbiz.de/10013246909
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Were Covid and the Great Recession Well-Being Reducing?
Blanchflower, David G.; Bryson, Alex - 2023
Using micro-data on six surveys the Gallup World Poll 2005-2023, the U.S. Behavioral Risk Factor Surveillance System, 1993-2022, Eurobarometer 1991-2022, the UK Covid Social Survey Panel, 2020-2022, the European Social Survey 2002-2020 and the IPSOS Happiness Survey 2018-2023 we show...
Persistent link: https://www.econbiz.de/10014345570