Showing 1 - 10 of 25
Is corruption systematically related to electoral rules? A number of studies have tried to uncover economic and social determinants of corruption but, as far as we know, nobody has yet empirically investigated how electoral systems influence corruption. We try to address this lacuna in the...
Persistent link: https://www.econbiz.de/10005498017
political influence of different groups in society. Even if the government is benevolent and all groups have access to the same … of welfare. This resignation effect in turn induces a benevolent government to procrastinate unpleasant policy choices. …
Persistent link: https://www.econbiz.de/10011083543
Medical research indicates that breastfeeding suppresses post-natal fertility. We model the implications for breastfeeding decisions and test the model's predictions using survey data from India. First, we find that breastfeeding increases with birth order, since mothers near or beyond their...
Persistent link: https://www.econbiz.de/10005016242
the only national TV channel independent from the government ("NTV"). The effect is identified from exogenous variation in … follows. 1) The presence of the independent TV channel decreased the aggregate vote for the government party by 2.5 percentage …
Persistent link: https://www.econbiz.de/10005661897
In this paper we use a simple climate model with endogenous environmental technical change in order to analyse the effects on equity and efficiency of different degrees of restrictions on trade in the market for pollution permits. The model is obtained by incorporating in Nordhaus and Yang...
Persistent link: https://www.econbiz.de/10005789038
The goal of this paper is to examine the shape of the Laffer curve quantitatively in a simple neoclassical growth model calibrated to the US as well as to the EU-15 economy. We show that the US and the EU-15 area are located on the left side of their labor and capital tax Laffer curves, but the...
Persistent link: https://www.econbiz.de/10005791423
Flexible inflation targeting cannot be rationalised using conventional welfare economic criteria, except in a single, practically uninteresting special case. New-Keynesian DSGE models imply that optimal monetary policy implements the Bailey-Friedman Optimal Quantity of Money rule and that actual...
Persistent link: https://www.econbiz.de/10005124349
We analyze government interventions to alleviate debt overhang among banks. Interventions generate two types of rents … optimal instruments. Minimizing macroeconomic rents requires the government to condition implementation on sufficient …
Persistent link: https://www.econbiz.de/10008854493
How do credit standards on the mortgage market affect neighbourhood choice and the resulting level of urban segregation? To answer this question, we first develop a model of neighbourhood choice with credit constraints. The model shows that a relaxation of credit standards can either increase or...
Persistent link: https://www.econbiz.de/10008873328
There have been important studies of overall income inequality and of poverty in South Africa. In this paper, we approach the subject from a different direction: the extent and evolution of top incomes. We present estimates of the shares in total income of groups such as the top 1 per cent and...
Persistent link: https://www.econbiz.de/10008784719