Browsing Department of Accounting, Economics and Finance by Title
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Insuring rents
(2020-03-13)Economists have long recognized the need for durability-enhancing mechanisms to facilitate political exchange, but the focus has been almost entirely on mechanisms that raise the cost of reneging on bargains once they have ... -
Monetary rules without romance
(2020-03-13)How much independence should the monetary authority retain in a rules-based regime? The conventional wisdom holds that while the political system - particularly in a democratic society - should determine the overarching ...