We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the … both recorded corruption rates and corruption charges per euro spent. This effect emerges only in areas in which the DSP … put a binding cap on municipal capital expenditures. The reduction in corruption is linked to accountability incentives as …

practice. That corruption was aided by transmutation of the implicit model of economic life latent within the population from …

engenders a corruption of the meaning of contract through elevating public law to a position of superiority to the institutional …

between political fragmentation and public debt changes. Corruption magnifies the effects; with higher perceived corruption …

contrary, under corruption, we show that bailouts are ineffective unless rent-seeking groups are eradicated. -- sovereign debt …

contrary, under corruption, we show that bailouts are ineffective unless rent-seeking groups are eradicated …