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It's the media, stupid: how media activity shapes public spending
Bruns, Christian; Himmler, Oliver - 2008
Politicians seeking reelection need voters to know what they have done for them. Thus, incentives may arise to spend more money where media coverage is higher. We present a simple model to explain the allocation of public spending across jurisdictions contingent on media activity. An incumbent...
Persistent link: https://www.econbiz.de/10010264514
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Returns to office in national and local politics
Kotakorpi, Kaisa; Poutvaara, Panu; Terviö, Marko - 2013
We study the returns to political office using data from Finnish parliamentary elections in 1970-2007 and municipal … elections in 1996-2008. The discontinuity of electoral outcomes in individual candidate votes allows us to estimate the causal …
Persistent link: https://www.econbiz.de/10010223364
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Elections and the timing of devaluations
Stein, Ernesto; Streb, Jorge M. - 1999
economies, previous political cycle models had overlooked the influence of elections on the behavior of exchange rates. Voter …
Persistent link: https://www.econbiz.de/10011543073
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The political economy of bank bailouts
Behn, Markus; Haselmann, Rainer; Kick, Thomas; Vig, Vikrant - 2016
In this paper, we examine how the institutional design affects the outcome of bank bailout decisions. In the German savings bank sector, distress events can be resolved by local politicians or a state-level association. We show that decisions by local politicians with close links to the bank are...
Persistent link: https://www.econbiz.de/10011456861
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Understanding the election results in Portugal : a spatial econometrics point of view
Caleiro, António; Guerreiro, Gertrudes Saudés - 2003
The great majority of the theoretical analysis about electoral cycles has considered the national space as the territory of interest for the study of the economic consequences of an electoralist behaviour by the central government. This fact, in conjunction to the nature of the data most...
Persistent link: https://www.econbiz.de/10011502335
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Corporate investment decisions under political uncertainty
Riem, Marina - 2016
when state elections occurred relative to the average investment ratio in years with no state election. Firms however seem …
Persistent link: https://www.econbiz.de/10011539894
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Does political uncertainty influence firm owners' business perceptions?
Riem, Marina - 2016
firm owners are optimistic regarding their expected business development before state elections. After state elections … optimistic prior to state elections because politicians promised individual policies to gratify the firms' needs during election … times. Firms might be disappointed after elections as the promises made during election campaigns by politicians turn out to …
Persistent link: https://www.econbiz.de/10011542240
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The political economy of bank bailouts
Behn, Markus; Haselmann, Rainer; Kick, Thomas; Vig, Vikrant - 2015
In this paper, we examine how the institutional design affects the outcome of bank bailout decisions. In the German savings bank sector, distress events can be resolved by local politicians or a state-level association. We show that decisions by local politicians with close links to the bank are...
Persistent link: https://www.econbiz.de/10010499596
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The political economy of bank bailouts
Behn, Markus - In: Five essays on bank regulation, (pp. 120-167). 2014
Persistent link: https://www.econbiz.de/10010500987
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Returns to office in national and local politics
Kotakorpi, Kaisa; Poutvaara, Panu; Terviö, Marko - 2016
We estimate the effect of getting elected on future income development of political candidates. We present a bootstrap approach for measuring electoral closeness, which can be used to implement a regression discontinuity design in any electoral system. We apply the method to the Finnish...
Persistent link: https://www.econbiz.de/10011493992