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government's rule and are further influenced, in the opposite direction, by which party ruled in the previous period. Party …
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redistributive government action (e.g., increased government spending and taxation). Bail-ins are expected to reduce future … correctly determines the optimal amount of investment, and are thus untroubled by government’s manipulation of it. And to … appease those who do trust market allocation of investment, government can offset the investment reduction by subsidizing …
Persistent link: https://www.econbiz.de/10014190674
We show that politically connected banks influence economic activity. We exploit shocks to individual banks’ political capital following close US congressional elections. We find that regional output growth increases when banks active in the region experience an average positive shock to their...
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of the opposition politicians bribes. By revealed preference, the strongest check on the government s power was the news …
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of the opposition politicians' bribes. By revealed preference, the strongest check on the government's power was the news …
Persistent link: https://www.econbiz.de/10013319452