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Political Influence on the Central Bank- International Evidence
Political influence on the central bank is measured bere by looking at the probability that a central bank governor will be replaced shortly after a political change of government. The governorExpand
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Central bank independence, growth, investment, and real rates
Abstract This paper uses new measures of central bank independence (CBI) for a sample of up to seventy countries in order to investigates the effect of CBI on growth, private investment, productivityExpand
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Decentralization and Fiscal Management in Colombia
Colombia's political geography contrasts sharply with its economy. Physical characteristics and guerilla war fragment the country geographically, yet it has a long tradition of political centrism andExpand
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Fiscal News and Inflationary Expectations in Germany after World War I
Inflation in Germany from 1919 to 1923 resulted from the accumulation and the anticipation of government deficits. Inflationary expectations depended therefore on fiscal news. Allied demands forExpand
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Laws for Fiscal Responsibility for Subnational Discipline: International Experience
Fiscal responsibility laws are institutions with which multiple governments in the same economy -- national and subnational --can commit to help avoid irresponsible fiscal behavior that could haveExpand
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Annual World Bank Conference on development in Latin America and the Caribbean 1999: decentralization and accountability of the public sector. Proceedings of a Conference held in Valdivia, Chile,
entity. They believe it would benefit the country and, thus—an unwarranted deduction—they would be better off. Soon after a concrete proposal is put forth, many realize that, though reform will bringExpand
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The Macroeconomic Impact of Decentralized Spending and Deficits: International Evidence
The main macroeconomic questions about decentralization are whether it has led to an overall expansion of the public sector or to unsustainable fiscal deficits. In the long term, subnational spendingExpand
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The Supply of Money and Reichsbank Financing of Government and Corporate Debt in Germany, 1919–1923
During the five years of inflation, price stability, and hyperinflation in Germany after World War I, three factors determined the growth of the money supply. First, the Reichsbank freely issuedExpand
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DETERMINANTS OF PUBLIC TRUST TOWARDS MAJOR POLITICAL INSTITUTIONS IN COUNTRIES WITH ECONOMIES IN TRANSITION AND IN THE OECD COUNTRIES: THE COMPARATIVE ANALYSIS
The attitudes of citizens of countries with economies in transition toward the main political institutions in those countries has been formed in the last 20-25 years, when these institutions eitherExpand
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