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macroeconomic model of commitment and credibility. As the dependent variable, we calculate a post-reform inflation rate. The … exogenous variables are the degree of legal commitment and the constraining influence of institutions. The paper allows for the … conclusion that monetary commitment, the consideration of institutional constraints and abstinence from the money press are …
Persistent link: https://www.econbiz.de/10010270683
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crucial for the success of a monetary reform. -- Monetary Reforms ; Credibility ; Commitment ; Institutions … macroeconomic model of commitment and credibility. As the dependent variable, we calculate a post-reform inflation rate. The … exogenous variables are the degree of legal commitment and the constraining influence of institutions. The paper allows for the …
Persistent link: https://www.econbiz.de/10001906719
Persistent link: https://www.econbiz.de/10014293764
quality of institutions, while the relationship is also present in the reverse direction. In accordance with the … quality of social institutions. The construction and improvement of institutional solutions must be at the center of attention …
Persistent link: https://www.econbiz.de/10015433331
Persistent link: https://www.econbiz.de/10009702579
This paper theoretically and empirically investigates the effect of natural resource rents on the process of economic liberalization and a potential moderating effect of the level of democracy. A simple political-economic model is developed in which the government in an autocratic country faces...
Persistent link: https://www.econbiz.de/10012543604
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We ask whether, as many seem to think, corruption worsens, and judicial accountability improves, inequality, and investigate this empirically using data from 145 countries 1960.2014. We relate perceived corruption and de facto judicial accountability to gross-income inequality and consumption...
Persistent link: https://www.econbiz.de/10012137555