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Corruption under austerity | VOX, CEPR Policy Portal


Giancarlo Corsetti, Gernot Müller
The design of public budget constraints and the effects of austerity policies are salient topics for both policymakers and scholars. The main goal of this literature is to understand whether and how fiscal adjustment can improve the sustainability of welfare systems (Alesina and Perotti 1996, Corsetti 2012, Born et al. 2015). Overall, previous studies find mixed effects on budget constraints in terms of deficit and public debt reduction (Asatryan et al. 2015, Grembi et al. 2016, Coviello et al. 2017, Heinemann et al. 2018). Recent studies have also focused on the adverse political effects of austerity policies (Stiglitz 2016, Fetzer 2019).
In a recent paper (Daniele and Giommoni 2020), we study the impact of fiscal austerity on corruption in the context of Italian municipalities. We find that these budget rules, the Domestic Stability Pact, has led to a reduction in corruption, driven by lower discretionary spending.  ....

United States , Emilia Romagna , American Review Of Public Administration , Centre Research Paper , Domestic Stability Pact , Domestic Stability , European Funds , American Economic Review , Public Choice , American Journal , Political Science , American Economic Journal , Economic Policy , Research Paper , Economic Journal , Applied Economics , European Journal , Political Economy , American Review , Public Administration , Quarterly Journal , ஒன்றுபட்டது மாநிலங்களில் , எமிலியா ரோமேந , உள்நாட்டு ஸ்திரத்தன்மை , ஐரோப்பிய நிதி , அமெரிக்கன் பொருளாதார விமர்சனம் ,

Useful Tips for Understanding How Arbitrators Think | U.S. Legal Support


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Arbitrations have been on the rise for several years, in part because of the convenience it affords the parties and the introduction of arbitration clauses into the language of almost every contract. The pandemic has sent the use of this mode of dispute resolution into overdrive, in large part because of its speed and relatively easy transition to a virtual setting. While arbitrations were already popular pre-pandemic, we expect the increased attraction of “work from home” arbitrations to continue.
We often hear from clients with arbitrations that preparing for them is easier than preparing for a jury trial. In addition to the convenience factor, the expectation is that arbitrators can often be more reliable and more analytical decision makers than juries and possibly even judges. However, a growing body of research shows that – surprise, surprise – arbitrators are human, too. We have learned from three a ....

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