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Vote buying or (political) business (cycles) as usual?
Aidt, Toke; Asatryan, Zareh; Badalyan, Lusine; … - 2015
We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975 - 2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...
Persistent link: https://www.econbiz.de/10011342347
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Vote buying or (political) business (cycles) as usual?
Aidt, Toke; Asatryan, Zareh; Badalyan, Lusine; … - 2015
We provide new evidence on the short-run effect of elections on monetary aggregates. We study month-to-month fluctuations in the growth rate of M1 in a sample of 85 low and middle income democracies from 1975 to 2009. The evidence shows an increase in the growth rate of M1 during election months...
Persistent link: https://www.econbiz.de/10010491768
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Vote Buying or (Political) Business (Cycles) as Usual?
Aidt, Toke Skovsgaard - 2015
We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975-2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...
Persistent link: https://www.econbiz.de/10013013236
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Vote Buying or (Political) Business (Cycles) as Usual?
Aidt, Toke Skovsgaard - 2015
We provide new evidence on the short-run effect of elections on monetary aggregates. We study month-to-month fluctuations in the growth rate of M1 in a sample of 85 low and middle income democracies from 1975 to 2009. The evidence shows an increase in the growth rate of M1 during election months...
Persistent link: https://www.econbiz.de/10013025975
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Vote Buying or (Political) Business (Cycles) as Usual?
Aidt, Toke Skovsgaard; Asatryan, Zareh; Badalyan, Lusine; … - 2021
We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975-2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...
Persistent link: https://www.econbiz.de/10013315531
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How Effective Are Monetary Incentives to Vote? Evidence from a Nationwide Policy
Gonzales, Mariella - 2019
We combine two natural experiments, multiple empirical strategies and administrative data to study voters' response to marginal changes to the fine for electoral abstention in Peru. A smaller fine leads to a robust decrease in voter turnout. However, the drop in turnout caused by a full fine...
Persistent link: https://www.econbiz.de/10012865643
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How Effective Are Monetary Incentives to Vote? Evidence From a Nationwide Policy
Gonzales, Mariella - 2020
We study voters' response to marginal changes to the fine for electoral abstention in Peru, leveraging variation from a nationwide reform. A smaller fine has a robust, negative effect on voter turnout, partly through irregular changes in voter registration. However, representation is largely...
Persistent link: https://www.econbiz.de/10012850580
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Central Bank Independence and Democracy : Does Transparency Matter?
Ezzat, Asmaa Mohamed; fayed, mona - 2021
CBI is the seemed contradiction between independence and democracy, known as the problem of accountability of the monetary … democracy. This would, in turn, attribute to reconciling the presumed contradiction between CBI and democracy, besides … disentangling the impact of independence and transparency on democracy. To this end, we regress democracy on both CBI and CB …
Persistent link: https://www.econbiz.de/10013246125
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Central bank independence and democracy : does transparency matter?
Fayed, Mona Esam; Ezzat, Asmaa Mohamed - In: Contemporary economics 14 (2020) 2, pp. 90-111
CBI is the seemed contradiction between independence and democracy, known as the problem of accountability of the monetary … democracy. This would, in turn, attribute to reconciling the presumed contradiction between CBI and democracy, besides … disentangling the impact of independence and transparency on democracy. To this end, we regress democracy on both CBI and CB …
Persistent link: https://www.econbiz.de/10012237226
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Populism, economic policies and central banking
Agur, Itai; Gnan, Ernest; Masciandaro, Donato; Binder, … - Populism, Economic Policies and Central Banking …; … - 2020
Persistent link: https://www.econbiz.de/10012225066