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as public trust in the legal system may reduce the average inflation record of countries through a direct and an indirect … inflation rate …
Persistent link: https://www.econbiz.de/10014064848
This paper develops a framework for analyzing different policymaking styles, their causes and their consequences in Latin America, finding that lower institutionalization and greater use of alternative political technologies (APTs) are more likely the lower the cost of using these technologies,...
Persistent link: https://www.econbiz.de/10010247930
We study the long-term and dynamic relationship between de jure and de facto judicial independence using a large panel dataset covering 50 countries over a period of 50 years. Our analysis shows a negative relationship between these variables, a sharp contrast to the prevailing theoretical view...
Persistent link: https://www.econbiz.de/10011927768
We study the long-term and dynamic relationship between de jure and de facto judicial independence using a large panel dataset covering 50 countries over a period of 50 years. Our analysis shows a negative relationship between these variables, a sharp cont rast to the prevailing theoretical view...
Persistent link: https://www.econbiz.de/10011931497
A high degree of de facto judicial independence (JI) functions as a crucial precondition of governments to credibly commit to legislative decisions, such as respecting private property rights. Thus, de facto JI should improve the allocative efficiency and may therefore contribute positively to...
Persistent link: https://www.econbiz.de/10014058503
Judicial Independence (JI) as factually implemented varies considerably between countries. Since de iure JI is an imperfect predictor of de facto JI, a number of variables that might determine the factual level of judicial independence is theoretically discussed and empirically tested. A...
Persistent link: https://www.econbiz.de/10014088394
Personal freedom is highly valued by many and a central element of liberal political philosophy. Although personal freedom is frequently associated with electoral democracy, developments in countries such as Hungary, Poland, Turkey and Russia, where elected populist leaders with authoritarian...
Persistent link: https://www.econbiz.de/10011994154
Personal freedom is highly valued by many and a central element of liberal political philosophy. Although personal freedom is frequently associated with electoral democracy, developments in countries such as Hungary, Poland, Turkey and Russia, where elected populist leaders with authoritarian...
Persistent link: https://www.econbiz.de/10011995261
We have helicopter money when there is a lump-sum monetary transfer which produces intended central bank capital losses and/or a permanent monetary base change. This extraordinary monetary policy option appears whenever there is a significant economic crisis. But then the helicopter never flies....
Persistent link: https://www.econbiz.de/10012224069
Persistent link: https://www.econbiz.de/10012225066