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Election Timings under Globalization : A Tax Competition Approach
Susa, Taiki - 2019
competition. The game is composed of three stages: i) an election is held in the first-mover country and a policymaker is chosen … by majority voting; ii) similarly, an election to choose a policymaker is held in the second-mover country; and iii …
Persistent link: https://www.econbiz.de/10012871140
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Policy Responses to Speculative Attacks Before and after Elections : Theory and Evidence
Walter, Stefanie - 2006
This paper investigates how electoral timing influences policymakers' responses to currency crises. Previous empirical research has shown that elections significantly influence both the probability that a currency crisis emerges and the government's policy responses to such crises. This paper...
Persistent link: https://www.econbiz.de/10014056499
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The political costs of oil price shocks
Arezki, Rabah; Djankov, Simeon; Nguyen, Ha; Yotzov, Ivan - 2022
We explore the effect of oil import price shocks on political outcomes using a worldwide dataset on elections of chief executives. Oil import price shocks cause a reduction in the odds of reelection of incumbents, an increase in media chatter about fuel prices, and an increase in non-violent...
Persistent link: https://www.econbiz.de/10013205030
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Income Inequality and Political Nationalism
Mckenna, Mac - 2017
This paper studies how the political elite uses nationalism as a tool for altering the preferences of the voting public. A model is designed to explain how a change in income inequality motivates political parties to use nationalism. The model concludes that increased income inequality...
Persistent link: https://www.econbiz.de/10012953235
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The Myth of Bad Policy Choices : Why Democracies Choose Mediocre Policies
Bischoff, Ivo; Siemers, Lars H.R - 2010
In a game-theoretical approach of probabilistic voting, we introduce biased beliefs among voters and retrospective voting. In order to micro-found biased beliefs we introduce the psychological concept of mental models. We put into perspective the claim that biased beliefs lead to bad policy...
Persistent link: https://www.econbiz.de/10014212900
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Re-Election Incentives And Economic Performance : Theory And Cross-Country Evidence
Shi, Xiangyu - 2022
In this paper, I document three stylized facts on leaders, institutions, and re-election incentives, using cross … pronounced in their last term, when they do not have any re-election incentives; (2) in democracies, the positive relationship … dynamic decision making of a politician with re-election concerns …
Persistent link: https://www.econbiz.de/10014082516
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The rents of banking : a public choice approach to bank regulation
Buck, Florian Christopher - 2015
The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...
Persistent link: https://www.econbiz.de/10010514056
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Elites and bank-based finance : a political economy model on the emergence of financial systems ; conference paper
Buck, Florian; Hildebrand, Nikolaus - 2014 - Preliminary first draft
Why do some economic systems depend on bank financing while others rely on capital markets and bond financing? We propose a political economy model in which elites favor a bank-based system, which increases their rents due to reduced competition. If suffrage is restricted to the elite, this will...
Persistent link: https://www.econbiz.de/10010483279
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The rents of banking : a public choice approach to bank regulation
Buck, Florian Christopher - 2015
dem Hintergrund der Public Choice-Theorie versucht die vorliegende Arbeit diesen Trend als Resultat politischer …
Persistent link: https://www.econbiz.de/10011742914
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Electoral competition as a determinant of fiscal decentralization
Jametti, Mario; Joanis, Marcelin - 2011
, the theory's main insight being that the central government's electoral strength should, all else being equal, decrease …
Persistent link: https://www.econbiz.de/10009301206