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Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...

Persistent link: https://www.econbiz.de/10011262883

How Modern Dictators Survive: Cooptation, Censorship, Propaganda, and Repression

Guriev, Sergei; Treisman, Daniel - C.E.P.R. Discussion Papers - 2015

grow over time. Censorship and co-optation of the elite are substitutes, but both are complements of propaganda. Repression … elite; in others, propaganda is combined with censorship. The multiplicity of equilibria emerges due to coordination failure … opportunities to survive through co-optation, censorship, and propaganda are exhausted. In the equilibrium with censorship …

Persistent link: https://www.econbiz.de/10011186613

The Institutional Foundations of China’s Reforms and Development

Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010

China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper analyses China’s institution - a regionally...

Persistent link: https://www.econbiz.de/10008468688

Does polarization of opinions lead to polarization of platforms? the case of correlation neglect

Levy, Gilat; Razin, Ronny - C.E.P.R. Discussion Papers - 2015

In this paper we question the common wisdom that more polarized voters’ opinions imply larger policy polarization. We analyze a voting model in which the source of the polarization in voters’ opinions is “correlation neglect”, that is, voters neglect the correlation in their information...

Persistent link: https://www.econbiz.de/10011165657

Public Opinion on Immigration: Has the Recession Changed Minds?

Hatton, Timothy J. - C.E.P.R. Discussion Papers - 2014

It is widely believed that the current recession has soured public attitudes towards immigration. But most existing studies are cross sectional and can shed little light on the economy-wide forces that shift public opinion on immigration. In this paper I use the six rounds of the European Social...

Persistent link: https://www.econbiz.de/10011083671

Public Debate and Stock Prices: Evidence from the Voting Premium

Braggion, Fabio; Giannetti, Mariassunta - C.E.P.R. Discussion Papers - 2013

An intense debate on the use of limited-voting shares developed in the UK during the 1950s. Using a unique hand-collected dataset, we show that negative news coverage of limited-voting shares is associated with an increase in the relative price of voting and limited-voting shares (the voting...

Persistent link: https://www.econbiz.de/10011084453

A model of the confidence channel of fiscal policy

Guimarães, Bernardo; Machado, Caio; Ribeiro, Marcel - C.E.P.R. Discussion Papers - 2014

This paper presents a simple macroeconomic model where government spending affects aggregate demand directly and indirectly, through an expectational channel. Prices are fully flexible and the model is static, so intertemporal issues play no role. There are three important elements in the model:...

Persistent link: https://www.econbiz.de/10011083612

The output effect of fiscal consolidations

Alesina, Alberto F; Favero, Carlo A.; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2012

different response of business confidence and private investment. We obtain these results by studying the effects of the …

Persistent link: https://www.econbiz.de/10011084635

Quantifying Confidence

Angeletos, George-Marios; Collard, Fabrice; Dellas, Harris - C.E.P.R. Discussion Papers - 2015

"confidence" and show that it helps account for many salient features of the data; it drives a significant fraction of the …

Persistent link: https://www.econbiz.de/10011186619

Austerity in 2009-2013

Alesina, Alberto F; Barbiero, Omar; Favero, Carlo A.; … - C.E.P.R. Discussion Papers - 2015

The conventional wisdom is (i) that fiscal austerity was the main culprit for the recessions experienced by many countries, especially in Europe, since 2010 and (ii) that this round of fiscal consolidation was much more costly than past ones. The contribution of this paper is a clarification of...

Persistent link: https://www.econbiz.de/10011145403