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This paper presents a model of electoral competition focusing on the formation of the public agenda. An incumbent government and a challenger party in opposition compete in elections by choosing the issues that will key out their campaigns. Giving salience to an issue implies proposing an...
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We formulate a model to explain why the lack of political competition may stifle economic performance and use the United States as a testing ground for the model’s predictions, exploiting the 1965 Voting Rights Act which helped break the near monpoly on political power of the Democrats in...
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Past research on the allocation of federal resources to localities has failed to account for the interaction between federal and state governments. Here a sequential-move game of such interaction is developed, where state governments behave like political surrogates for the federal government...
Persistent link: https://www.econbiz.de/10012157340
How does competition affect the entry and selection of politicians? I use data on U.S. Congressional primary and general elections for the years 1998-2014 to study this question. I measure quality using previous legislative experience and the novel "identity match" quantifying how well...
Persistent link: https://www.econbiz.de/10013335975
The first part of this paper outlines the concept of democratic accountability of central banks, and compares the legal … accountability of the ECB with some other central banks (Bank of Canada, Bank of Japan, Bank of England and the Federal Reserve … System). In the second part, we present a theory of central bank accountability. Two aspects of accountability are considered …
Persistent link: https://www.econbiz.de/10010295694