practice. That corruption was aided by transmutation of the implicit model of economic life latent within the population from …

This paper explains that James Buchanan's theory of public debt entailed more than the shifting of cost forward in time … engenders a corruption of the meaning of contract through elevating public law to a position of superiority to the institutional …

between political fragmentation and public debt changes. Corruption magnifies the effects; with higher perceived corruption …

contrary, under corruption, we show that bailouts are ineffective unless rent-seeking groups are eradicated …

contrary, under corruption, we show that bailouts are ineffective unless rent-seeking groups are eradicated. -- sovereign debt …

Widening income disparities, higher corruption and larger informality in many emerging market and developing economies … America, while more informality increases the probability of their occurrence, corruption decreases it. In turn, when …

We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the … both recorded corruption rates and corruption charges per euro spent. This effect emerges only in areas in which the DSP … put a binding cap on municipal capital expenditures. The reduction in corruption is linked to accountability incentives as …

corruption. We exploit the extension of one such policy, the Domestic Stability Pact (DSP), to Italian municipalities with less … extension of the DSP led to a substantial decrease in recorded corruption rates. This effect emerges only in areas in which the … naturally prone to corruptive phenomena. We also show that i) the reduction in corruption is linked to accountability incentives …

corruption. We exploit the extension of one such policy, the Domestic Stability Pact (DSP), to Italian municipalities with less … extension of the DSP led to a substantial decrease in recorded corruption rates. This effect emerges only in areas in which the … naturally prone to corruptive phenomena. We also show that i) the reduction in corruption is linked to accountability incentives …