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A major criticism against staggered nominal contracts is that they give rise to the so called persistency puzzle - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly asserted that, in the context of the new Phillips curve...
Persistent link: https://www.econbiz.de/10010273163
A major criticism against staggered nominal contracts is that they give rise to the so called "persistency puzzle" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly asserted that, in the context of the new Phillips...
Persistent link: https://www.econbiz.de/10005703349
correlates with perceptions of corruption. We find judicial independence to be of major relevance for a tamed bureaucracy. …
Persistent link: https://www.econbiz.de/10010267660
, destruction and suffering, but also exposed rampant government corruption involving construction and zoning code violations. The … incompetence shown by the government in providing relief, the corruption allegations in regards to those efforts, and government … sensitivity shown by the electorate to real and perceived corruption implies that corruption problem will be tractable in Turkey …
Persistent link: https://www.econbiz.de/10010268575
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/10010269401
We use a unique regulatory event that occurred in Queensland, Australia, from 2007- 2012, to examine the predictive power of landowner relationship networks and lobbying behaviour on successfully gaining value-enhancing rezoning. A State authority, the Urban Land Development Authority (ULDA),...
Persistent link: https://www.econbiz.de/10010531713
We develop a new experiment to study the emergence of welfare-reducing bilateral alliances within larger groups, and the effectiveness of institutional interventions to curtail this reciprocal alliance behaviour. In each of the 25 rounds of our experiments, a player (the 'allocator') nominates...
Persistent link: https://www.econbiz.de/10010531730
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/10011307370
We develop a new experiment to study the emergence of welfare-reducing bilateral alliances within larger groups, and the effectiveness of institutional interventions to curtail this reciprocal alliance behaviour. In each of the 25 rounds of our experiments, a player (the 'allocator') nominates...
Persistent link: https://www.econbiz.de/10011268879
There has been a phenomenal global increase in the proportion of women in politics in the last two decades, but there is no evidence of how this influences economic performance. We investigate this using data on competitive elections to India's state assemblies, leveraging close elections to...
Persistent link: https://www.econbiz.de/10011873600