| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1842 |
| DP1842 Independently Blue? Accountability and Independence in the New European Central Bank | |
| Andrew Hughes Hallett; Maria Demertzis | |
| 发表日期 | 1998-03-31 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | During the nineteenth century, most Western societies extended voting rights, a decision that led to unprecedented redistributive programs. We argue that these political reforms can be viewed as strategic decisions by political elites to prevent widespread social unrest and revolution. Political transition, rather than redistribution under existing political institutions, occurs because current transfers do not ensure future transfers, while the extension of the franchise changes future political equilibria and acts as a commitment to redistribution. Our theory also offers a novel explanation for the Kuznets curve in many Western economies during this period, with the fall in inequality following redistribution due to democratization. |
| 主题 | International Macroeconomics |
| 关键词 | Democracy Enfranchisement Growth Inequality Political commitment Redistribution Revolution |
| URL | https://cepr.org/publications/dp1842 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530982 |
| 推荐引用方式 GB/T 7714 | Andrew Hughes Hallett,Maria Demertzis. DP1842 Independently Blue? Accountability and Independence in the New European Central Bank. 1998. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
