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The Persistence of Corruption and Regulatory Compliance Failures : Theory and Evidence

Fredriksson, Per G. - 2003

This paper examines the reasons why corruption and policy distortions tend to exhibit a high degree of persistence in … eliminate corruption. The analysis predicts that in politically unstable regimes, the institutions necessary to monitor and … enforce compliance are weak. In such countries, corruption is more pervasive and the compliance with regulations is low. The …

Persistent link: https://www.econbiz.de/10014400451

The Persistence of Corruption and Slow Economic Growth

Mauro, Paolo - 2002

There is increasing recognition that corruption has substantial, adverse effects on economic growth. But if the costs … of corruption are so high, why don’t countries strive to improve their institutions and root out corruption? Why do many … countries appear to be stuck in a vicious circle of widespread corruption and low economic growth, often accompanied by ever …

Persistent link: https://www.econbiz.de/10014399729

Policy uncertainty in Japan

Arbatli, Elif C.; Davis, Steven J.; Ito, Arata; Miake, Naoko - 2017

We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty....

Persistent link: https://www.econbiz.de/10011704620

Foreign exchange intervention under policy uncertainty

Adler, Gustavo; Lama C., Ruy; Medina, Juan Pablo - 2016

We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank policy rules from its policy actions. Under full information, a central bank focused on stabilizing output and inflation can achieve...