منابع مشابه
Inflation Bias, Time Inconsistency of Monetary and Fiscal Policies and Institutional Quality
In developing countries, weak institutional quality can increase the probability of applying discretionary policies and can have a great impact on their double-digit inflation. Surico (2008) calculated inflation bias, but he considered just monetary policy and he did not pay attention to the institutions. Therefore, we design a model which considers the discretion in monetary and fiscal policie...
متن کاملGrade Inflation and Education Quality
We consider a game in which schools compete to place graduates in two distinct ways: by investing in the quality of education, and by strategically designing grading policies. In equilibrium, schools issue grades that do not perfectly reveal graduate abilities. This leads evaluators to have less-accurate information when hiring or admitting graduates. However, compared to fully-revealing gradin...
متن کاملInstitutional Quality, Natural Resource Rent, and Shadow Economy
Natural resource rent affects countries’ economies through various channels. Revenues from the natural resources sales are expected to boost countries' economic growth, but the economic experience of recent decades reveals the numerous economic problems in these countries, the most important of which may be the increase in the shadow economy size. Moreover, the institutions specify the signific...
متن کاملInstitutional Quality and International Trade
Institutions — quality of contract enforcement, property rights, shareholder protection, and the like — have received a great deal of attention in recent years. Yet trade theory has not considered the implications of institutional differences, beyond treating them simply as different technologies or taxes. The purpose of this paper is twofold. First, we propose a simple model of international t...
متن کاملQuality of institutional life
During the past three or four decades, concern over the quality of life of old people living in a variety of nondomestic settings has been a key feature of research in social gerontology. Indeed any discussion of the definition of quality of life as it relates to successful aging finds that much of the literature is concerned with life within institutional environments rather than domestic ones...
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ژورنال
عنوان ژورنال: Modern Economy
سال: 2014
ISSN: 2152-7245,2152-7261
DOI: 10.4236/me.2014.53023