We reconsider the role of an inflation conservative central banker in a setting with distortionary taxation. To do so, we assume monetary and fiscal policy are decided by independent authorities that do not abide to past commitments. If the two authorities make policy decisions simultaneously, inflation conservatism causes fiscal overspending. But if fiscal policy is determined before monetary ...

In two large samples (combined N 1⁄4 31,045), we found a positive relationship between disgust sensitivity and political conservatism. This relationship held when controlling for a number of demographic variables as well as the ‘‘Big Five’’ personality traits. Disgust sensitivity was also associated with more conservative voting in the 2008 U.S. presidential election. In Study 2, we replicated ...

We examine whether Basu’s (1997) differential timeliness metric and the related C-Score metric are effective in detecting predictable differences in conservatism surrounding corrections of overstated earnings. Cross-sectional and time-series analyses, employing 2132 firms making restatements during 1999–2005, suggest Basubased metrics capture variation in conservatism. Further, we find that inc...

The goals of this paper are twofold. First, I provide empirical generalizations regarding paradigmatic gaps in the Russian genitive plurals. Second, I propose an analysis of these facts in terms of inviolable lexical conservatism conditions. The main idea behind Lexical Conservatism is that speakers are hesitant introducing forms that would create a new allomorph of an existent morpheme. I reje...