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To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning model featuring agency problems. Politicians in different countries sequentially implement a policy. Voters learn the incumbent politician's type and the desirable policy by...
Persistent link: https://www.econbiz.de/10012840381
convergence toward extremism hold or the cycles of extremism hold when the state of the world follows a Markov process without …
Persistent link: https://www.econbiz.de/10012894379
We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the …-level characteristics, especially credit default swaps as a measure of fiscal stability, predict views on whether Greece should exit the …
Persistent link: https://www.econbiz.de/10012050691
We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the …-level characteristics, especially credit default swaps as a measure of fiscal stability, predict views on whether Greece should exit the …
Persistent link: https://www.econbiz.de/10012052586
Persistent link: https://www.econbiz.de/10009778027
Persistent link: https://www.econbiz.de/10011858696
Partisan conflict and policy uncertainty are frequently invoked as factors contributing to slow post-crisis recoveries. Recent events in Europe provide ample evidence that the political aftershocks of financial crises can be severe. In this paper we study the political fall-out from systemic...
Persistent link: https://www.econbiz.de/10011349087
Intrdoduction. THE GLOBAL ECONOMIC CRISIS AND THE CASE OF GREECE: Alternative Strategies for Greece's Exit from the … Economic Recession in Greece -- The Political Economy of the Greek Crisis in the Framework of the European Monetary Union -- Is … Greece a Failing Developed State?- Four Waves of Financial Crisis in 40 Years -- The Future of Economic Governance in the EU …
Persistent link: https://www.econbiz.de/10014015298
We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the …-level characteristics, especially credit default swaps as a measure of fiscal stability, predict views on whether Greece should exit the …
Persistent link: https://www.econbiz.de/10012864937
Persistent link: https://www.econbiz.de/10011805849