 | Subnational Health Spending and Soft Budget Constraints in OECD Countries Author/Editor: Ernesto Crivelli, Adam Leive, Thomas Stratmann. Release Date:June, 2010 Government spending on health has grown as a percent of GDP over the last 40 years in industrialized countries. Widespread decentralization of healthcare systems has often accompanied this increase more...
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| The Value of Institutions for Financial Markets : Evidence From Emerging Markets Author/Editor: Thomas Stratmann, Bernardin Akitoby. Release Date:February, 2009 This paper investigates the value of political institutions for financial markets, using panel data from emerging market countries. We test the hypothesis that changes in political institutions, such more...
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| Fiscal Policy and Financial Markets Author/Editor: Bernardin Akitoby, Thomas Stratmann. Release Date:January, 2006 This paper introduces fiscal policy in a model of sovereign risk spreads (spreads). Using panel data from emerging market countries, we find that reductions in public expenditure are a more more...
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