Regulatory capture of public policy by financial entities, especially via the revolving door between government and financial services, has increasingly become a subject of intense public scrutiny. This paper empirically analyses the relation between public-private career crossovers of high...

We study the effects of staying on daylight saving time (DST) permanently on electricity consumption, generation, and emissions. In October 2016, Turkey chose to stay on DST all year round. Employing alternative identification methods, we find a negligible overall impact on consumption. However,...

We use data on the universe of credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending around local elections compared with private banks in the same province. There is considerable tactical redistribution: state-owned banks increase...