Showing 1 - 10 of 359
role in determining the exchange rate regime in MENA countries: a democratic political regime and a low level of corruption …
Persistent link: https://www.econbiz.de/10014083736
This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...
Persistent link: https://www.econbiz.de/10012915713
This paper questions unconventional fiscal policy effects when the monetary policy rate is at the zero lower bound. We provide evidence for the US that the spread between the policy rate and the US-LIBOR, which is more relevant for private sector transactions, increases with government...
Persistent link: https://www.econbiz.de/10013023757
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10013016262
The paper studies the effect of additional government revenues on political corruption and on the quality of … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … transfers increase political corruption and reduce the quality of candidates for mayor …
Persistent link: https://www.econbiz.de/10013148349
Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature … associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one … suggest that (a) lobbying and corruption are fundamentally different, (b) political institutions play a major role in …
Persistent link: https://www.econbiz.de/10013324976
Two major earthquakes which struck northwestern Turkey in 1999 exposed rampant corruption involving construction and … zoning code violations. The government's relief efforts were tainted by corruption as well, and exhibited a great deal of … parties were responsible for the construction of the shoddy buildings, and for the corruption and mismanagement related to …
Persistent link: https://www.econbiz.de/10013016334
In 2002, an amendment to UK parliamentary regulations removed restrictions on the participation of members of parliament (MPs) in parliamentary proceedings related to their corporate interests. Using this amendment as a quasi-natural experiment, we demonstrate gains in firm value and...
Persistent link: https://www.econbiz.de/10012830639
Political corruption is a concern of many modern democracies. It weakens democratic institutions, restricts public … determines corruption is limited. This paper uses a novel dataset of political corruption in local governments, constructed from … reports of an anti-corruption program in Brazil, to test whether the possibility of re-election affects the level of rents …
Persistent link: https://www.econbiz.de/10012776584
accountability and reduce corruption. In this paper we show that electoral discipline may be ineffective in reducing corruption when … competition on corruption. We show that in equilibrium, corruption has a U-shaped relationship with electoral competition. If the … election is safe for the incumbent (low competition) or if it is extremely fragile (high competition) then corruption is higher …
Persistent link: https://www.econbiz.de/10012978149