Málokdo by byl ochoten se prit o vliv monetami politiky na ekonomiku. Jakymi cestami se ovsem mon... more Málokdo by byl ochoten se prit o vliv monetami politiky na ekonomiku. Jakymi cestami se ovsem monetami zásahy prosazují? Pfesnëji feceno, které veliciny ve financní sfere pûsobi na vyvoj reálného vystupu a na prûbéh hospodáfského cyklu? Monetaristická doktrína mela na tuto otázku pfipravenu jednoznacnou odpovëd':„only money matters".„Penëzni vyklad" monetami politiky se ovsem v poslední letech dosti znacnë rozchází s vyvoj em ekonomik, ktery by mel popisovat. V posledním období pfekvapuje napríklad nevyrazná reakce ...
This article examines empirical evidence on the volatility and uncertainty of aid flows and their... more This article examines empirical evidence on the volatility and uncertainty of aid flows and their main policy implications. Aid is found to be more volatile than fiscal revenues-particularly in highly aid-dependent countries-and shortfalls in aid and domestic revenue tend to coincide. The article also finds that uncertainty about aid disbursements is large and that the information content of commitments made by donors is either very small or statistically insignificant. Specific policies and broader international efforts to cope with these features of aid are briefly discussed.
ABSTRACT This paper investigates how information affect voting behaviour. There exist a large lit... more ABSTRACT This paper investigates how information affect voting behaviour. There exist a large literature suggesting that uninformed voters can use informational shortcuts or cues to vote as if they were informed. This paper tests this hypothesis using unique Swedish individual survey data on the preferences of both politicians and voters. I find that uninformed voters are significantly worse than informed voters at voting for their most preferred politicians. This suggests that uninformed voters can not make up for their lack of information using shortcuts. Furthermore, the errors uninformed voters make do not cancel out in large elections. Estimates suggest that the ruling majorities would have switched in almost 5% of Swedish municipalities had all voters been fully informed. The effects are estimated with both parametric and nonparametric estimation techniques.
Málokdo by byl ochoten se prit o vliv monetami politiky na ekonomiku. Jakymi cestami se ovsem mon... more Málokdo by byl ochoten se prit o vliv monetami politiky na ekonomiku. Jakymi cestami se ovsem monetami zásahy prosazují? Pfesnëji feceno, které veliciny ve financní sfere pûsobi na vyvoj reálného vystupu a na prûbéh hospodáfského cyklu? Monetaristická doktrína mela na tuto otázku pfipravenu jednoznacnou odpovëd':„only money matters".„Penëzni vyklad" monetami politiky se ovsem v poslední letech dosti znacnë rozchází s vyvoj em ekonomik, ktery by mel popisovat. V posledním období pfekvapuje napríklad nevyrazná reakce ...
This article examines empirical evidence on the volatility and uncertainty of aid flows and their... more This article examines empirical evidence on the volatility and uncertainty of aid flows and their main policy implications. Aid is found to be more volatile than fiscal revenues-particularly in highly aid-dependent countries-and shortfalls in aid and domestic revenue tend to coincide. The article also finds that uncertainty about aid disbursements is large and that the information content of commitments made by donors is either very small or statistically insignificant. Specific policies and broader international efforts to cope with these features of aid are briefly discussed.
ABSTRACT This paper investigates how information affect voting behaviour. There exist a large lit... more ABSTRACT This paper investigates how information affect voting behaviour. There exist a large literature suggesting that uninformed voters can use informational shortcuts or cues to vote as if they were informed. This paper tests this hypothesis using unique Swedish individual survey data on the preferences of both politicians and voters. I find that uninformed voters are significantly worse than informed voters at voting for their most preferred politicians. This suggests that uninformed voters can not make up for their lack of information using shortcuts. Furthermore, the errors uninformed voters make do not cancel out in large elections. Estimates suggest that the ruling majorities would have switched in almost 5% of Swedish municipalities had all voters been fully informed. The effects are estimated with both parametric and nonparametric estimation techniques.
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