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Persistent link: https://www.econbiz.de/10009717907
The authors build on the findings from an earlier analysis, adding to the evidence base for the notion that credit rating agencies contribute to fiscal sustainability. To do so, the authors focus on election periods when political pressures for fiscal expansions are heightened. The literature on...
Persistent link: https://www.econbiz.de/10012571738
Credit rating agencies have drawn criticism for failing to anticipate and deter root causes of the 2008-2009 financial crisis in the United States. However, this paper presents evidence that credit rating agencies regularly anticipate and deter governments in emerging democracies from...
Persistent link: https://www.econbiz.de/10012558114
Credit rating agencies have drawn criticism for failing to anticipate and deter root causes of the 2008-2009 financial crisis in the United States. However, this paper presents evidence that credit rating agencies regularly anticipate and deter governments in emerging democracies from...
Persistent link: https://www.econbiz.de/10012974574
Persistent link: https://www.econbiz.de/10009612734
Persistent link: https://www.econbiz.de/10009613388
Brazil's nine Amazonian states, here collectively referred to as Amazonia, include some of the world's richest ecosystems, including the Amazon rainforest and parts of the Cerrado savanna and Pantanal wetlands. The region is also among Brazil's poorest socioeconomically. As a result,...
Persistent link: https://www.econbiz.de/10014366551
What explains significant variation across countries in the use of vote buying instead of campaign promises to secure voter support? This paper explicitly models the tradeoff parties face between engaging in vote buying and making campaign promises, and explores the distributional consequences...
Persistent link: https://www.econbiz.de/10011535768
Vote-buying is pervasive, but not everywhere. What explains significant variations across countries in the greater use of pre-electoral transfers to mobilize voters relative to the use of pre-electoral promises of post-electoral transfers? This paper explicitly models the trade-offs that...
Persistent link: https://www.econbiz.de/10010829597
This paper introduces a new explanation for political budget cycles: politicians have stronger incentives to increase spending around elections in the presence of younger political parties. Previous research has shown that political budget cycles are larger when voters are uninformed about...
Persistent link: https://www.econbiz.de/10010829615