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To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning model featuring agency problems. Politicians in different countries sequentially implement a policy. Voters learn the incumbent politician's type and the desirable policy by...
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To explore the propagation of populist extremism across countries, we construct a multi-country model wherein each country's politician sequentially implements a policy. Voters learn the incumbent politician's type and the desirable policy by observing foreign policies on top of the domestic...
Persistent link: https://www.econbiz.de/10012894379
. Recent events in Europe provide ample evidence that the political aftershocks of financial crises can be severe. In this … paper we study the political fall-out from systemic financial crises over the past 140 years. We construct a new long … strongly after financial crises as government majorities shrink and polarization rises. After a crisis, voters seem to be …
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