Similar Search Results

Money-Based Versus Exchange-Rate-Based Stabilization; Is there Space for Political Opportunism?

Aisen, Ari - International Monetary Fund (IMF) - 2004

In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent to which these stabilization programs were designed for political motives is not clear. Since exchange-rate-based stabilizations (ERBS) create an initial consumption boom...

Persistent link: https://www.econbiz.de/10005263919

Electoral System and Public Spending

Perotti, Roberto; Rostagno, Massimo V.; … - International Monetary Fund (IMF) - 2001

We study the effects of electoral institutions on the size and composition of public expenditure in OECD and Latin American countries. We present a model emphasizing the distinction between purchases of goods and services, which are easier to target geographically, and transfers, which are...

Persistent link: https://www.econbiz.de/10005264182

An Equilibrium in Electoral Competition with Entry Costs.

Weber, S. - Department of Economics, York University - 1992

Persistent link: https://www.econbiz.de/10005775947

Institutional Inertia

Valderrama, Laura - International Monetary Fund (IMF) - 2009

institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on … technology choice is used to influence the later vote on the sharing rule. We show how this dynamic voting generates a systematic … leads the firm to an institutional trap whereby majority voting and inefficient technology choice reinforce each other …

Persistent link: https://www.econbiz.de/10008528612

Hold Your Nose and Vote; Why Do Some Democracies tolerate Corruption?

Pani, Marco - International Monetary Fund (IMF) - 2009

This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy, the paper analyzes how corruption distortsthe allocation of...

Persistent link: https://www.econbiz.de/10004999974