On an unprecedented scale, nations at all income levels and across the political spectrum have initiated privatization programs over the past twenty years. In the course of this privatization movement, microeconomic efficiency arguments have become the standard justification for the divestment...

Partisan identity shapes social, mental, economic, and physical life. Using a novel dataset, we study the consequences of partisan identity by examining the immediate impact of electoral loss and victory on happiness and sadness. Employing a quasi-experimental regression discontinuity model we...

We provide evidence for a specific challenge in the design of macroprudential policy, namely political interference. Using panel data from 80 countries over the period of 1990-2016, we uncover the electoral cycles in macroprudential policy. We show that a loosening in macroprudential policy...

Using a comprehensive data set for Colombian municipalities between 2002 and 2010, in this paper we study the effects of large anti-poverty programs on presidential election outcomes. In particular, we test for two of the main assumptions on voters' behavior adopted by the political economics...