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This paper studies the effect of the hardening of the budget constraint on the behaviour of public enterprises. Drawing from finance theory, we provide empirical evidence of a change in behaviour of public enterprises between soft and hard budget constraint regimes by investigating the financial...
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operating in a soft budget regime. The methodology is a case study of the shift in budget regime in Italy in the late 1980s. The …
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Using data from a unique survey of members of parliaments in France, Germany and Italy in 2018, we estimate the effects … a non-populist politician on the political left in France or Italy is most integrationist. Furthermore, the relative …
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