Institutional Trust and Economic Policy
Institutional Trust and Economic Policy

Author: Dora Gyorffy

Publisher: Central European University Press

Published: 2012-02-15

Total Pages: 241

ISBN-13: 6155225222

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The book seeks to link theoretical debates on the relevance of trust in economic outcomes with the current arguments about the origins and lessons of the subprime crisis. By what mechanisms does trust influence economic outcomes? Under what conditions do these mechanisms prevail? How do debates about trust help our understanding of the subprime crisis in the European Union? By integrating insights from Post-Keynesian, Austrian and new institutional economics, the central proposition of the analysis is that the presence or absence of institutional trust creates virtuous and vicious cycles in law-abiding, which critically influence the possibility for economic agents to have realistic long-term plans. In a low-trust environment the uncertainty surrounding the functioning of institutions leads to short-term decisions. Political business cycles, lax regulations on credit and boom-bust cycles are typical of such an environment. While empirical evidence from the EU largely supports these propositions, important exceptions are also identified and the conditions for the theory noted?including financial market influences, fashions in economic theory as well as political leadership

Institutional trust and economic policy Lessons from the history of the Euro
Institutional trust and economic policy Lessons from the history of the Euro

Author: Dóra Győrffy

Publisher: Central European University Press

Published: 2013-03-30

Total Pages: 238

ISBN-13: 6155225346

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The book seeks to link theoretical debates on the relevance of trust in economic outcomes with the current arguments about the origins and lessons of the subprime crisis. By what mechanisms does trust influence economic outcomes? Under what conditions do these mechanisms prevail? How do debates about trust help our understanding of the subprime crisis in the European Union? By integrating insights from Post-Keynesian, Austrian and new institutional economics, the central proposition of the analysis is that the presence or absence of institutional trust creates virtuous and vicious cycles in law-abiding, which critically influence the possibility for economic agents to have realistic long-term plans.

The Man Inside
The Man Inside

Author: Marco Buti

Publisher: EGEA spa

Published: 2021-10-07T00:00:00+02:00

Total Pages: 400

ISBN-13: 8823883016

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“An insider of the European Commission since the late 1980s, Marco Buti is a unique guide through the two crises of the 21st century.” - Giuliano Amato, former Prime Minister of Italy “Marco Buti and I have not always agreed on issues of economic policy. But I cannot think of somebody more qualified to tell us about the travails of Europe since the Great Financial Crisis. He was there all along.” - Olivier Blanchard, Senior Fellow at Peterson Institute for International Economics “This collection of VoXEU contributions shows how history is made. Marco Buti, a man inside the vortex of the making of European monetary history, produced and published a steady stream of reflections, analysis and reform proposals on VoxEU." - Beatrice Weder Di Mauro, President of the Centre for Economic Policy Research “To go from point A to point B in Europe is rarely a straight line. Actually, trying to take a straight line is often the best way not to get to destination.” This is one of the lessons drawn by Marco Buti, one of the very few top policy makers who went through the fi nancial and the sovereign debt crises and, lately, the pandemic crisis, which plagued the European Union over the past twelve years. This book, which brings together his real time input to the economic and policy debate, traces the intellectual journey leading to the design and implementation under duress of diffi cult policies and controversial reforms. His contribution is the graphic demonstration of Jean Monnet’s dictum that Europe will be forged in crises and will be the outcome of the responses to those crises. The book explains the analytical and empirical foundations of European policy choices that involved a delicate balance between economic, institutional and political considerations. What emerges is a new compass that helps understand the policy strategy the EU has adopted to fi ght the economic fallout of the pandemic.

Public Support for the Euro
Public Support for the Euro

Author: Felix Roth

Publisher: Springer Nature

Published: 2022

Total Pages: 236

ISBN-13: 3030860248

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The long-term sustainability of the euro and the Economic and Monetary Union (EMU) depends heavily on their ability to attract widespread public support. The support shown for the euro throughout its first two decades has helped to shield it against populist attempts at the national level to dismantle the common currency. It has granted political legitimacy to the presidents of the European Central Bank to do "whatever it takes" whenever a serious crisis has threatened the viability of the euro. Public Support for the Euro is the second of two open-access volumes presenting a selection of the author's essays on Labor Productivity, Monetary Economics, and Political Economy. This second volume brings together eleven of the author's essays, selected with the aim of providing an overview of his research to date on public support for and the economics and political economy of the euro and EMU.

The Oxford Handbook of Social and Political Trust
The Oxford Handbook of Social and Political Trust

Author: Eric M. Uslaner

Publisher: Oxford University Press

Published: 2018-01-02

Total Pages: 753

ISBN-13: 0190274816

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This volume explores the foundations of trust, and whether social and political trust have common roots. Contributions by noted scholars examine how we measure trust, the cultural and social psychological roots of trust, the foundations of political trust, and how trust concerns the law, the economy, elections, international relations, corruption, and cooperation, among myriad societal factors. The rich assortment of essays on these themes addresses questions such as: How does national identity shape trust, and how does trust form in developing countries and in new democracies? Are minority groups less trusting than the dominant group in a society? Do immigrants adapt to the trust levels of their host countries? Does group interaction build trust? Does the welfare state promote trust and, in turn, does trust lead to greater well-being and to better health outcomes? The Oxford Handbook of Social and Political Trust considers these and other questions of critical importance for current scholarly investigations of trust.

Trust and Crisis Management in the European Union
Trust and Crisis Management in the European Union

Author: Dóra Győrffy

Publisher: Springer

Published: 2018-01-03

Total Pages: 252

ISBN-13: 3319692127

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This book addresses and explains the divergent economic and political outcomes of the financial crisis in the eight European Union member states which needed a bailout program: Cyprus, Greece, Hungary, Ireland, Latvia, Portugal, Romania and Spain. Looking at crisis management as a series of relationships where cooperation is essential, this book focuses on the essential role of trust during the process. It argues that the presence or absence of trust during the negotiation and implementation of the bailout program leads to self-reinforcing cycles of success and failure. The analysis of these eight countries also explores the institutional sources of trust – it shows that a commitment to limited government is associated with both economic success and resistance to populism. The final chapter considers the implications for the future of the EU and calls attention to the importance of strengthening domestic institutions in order to bridge the gap between concerns over moral hazard and expectations of solidarity.

The Government Analytics Handbook
The Government Analytics Handbook

Author: Daniel Rogger

Publisher: World Bank Publications

Published: 2023-10-20

Total Pages: 1197

ISBN-13: 1464819815

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The Government Analytics Handbook presents frontier evidence and practitioner insights on how to leverage data to strengthen public administration. Covering a range of microdata sources—such as administrative data and public servant surveys—as well as tools and resources for undertaking the analytics, it transforms the ability of governments to take a data-informed approach to diagnose and improve how public organizations work. Readers can order the book as a single volume in print or digital formats, or visit worldbank.org/governmentanalytics for modular access and additional hands-on tools. The Handbook is a must-have for practitioners, policy makers, academics, and government agencies. “Governments have long been assessed using aggregate governance indicators, giving us little insight into their diversity and how they can practically be improved. This pioneering handbook shows how microdata can be used to give scholars and practitioners granular and real insights into how states work, and practical guidance on the process of state-building.†? —Francis Fukuyama, Stanford University, author of State-Building: Governance and World Order in the 21st Century “The Government Analytics Handbook is the most comprehensive work on practically building government administration I have ever seen, helping practitioners to change public administration for the better.†? —Francisco Gaetani, Special Secretary for State Transformation, Government of Brazil “The machinery of the state is central to a country’s prosperity. This handbook provides insights and methodological tools for creating a better shared understanding of the realities of a state, to support the redesign of institutions, and improve the quality of public administration.†? —James Robinson, University of Chicago, coauthor of Why Nations Fail

Distrust of Institutions in Early Modern Britain and America
Distrust of Institutions in Early Modern Britain and America

Author: Brian P. Levack

Publisher: Oxford University Press

Published: 2022-03-03

Total Pages: 211

ISBN-13: 0192663178

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Distrust of public institutions, which reached critical proportions in Britain and the United States in the first two decades of the twenty-first century, was an important theme of public discourse in Britain and colonial America during the early modern period. Demonstrating broad chronological and thematic range, the historian Brian P. Levack explains that trust in public institutions is more tenuous and difficult to restore once it has been betrayed than trust in one's family, friends, and neighbors, because the vast majority of the populace do not personally know the officials who run large national institutions. Institutional distrust shaped the political, legal, economic, and religious history of England, Scotland, and the British colonies in America. It provided a theoretical and rhetorical foundation for the two English revolutions of the seventeenth century and the American Revolution in the late eighteenth century. It also inspired reforms of criminal procedure, changes in the system of public credit and finance, and challenges to the clergy who dominated the Church of England, the Church of Scotland, and the churches in the American colonies. This study reveals striking parallels between the loss of trust in British and American institutions in the early modern period and the present day.