In this paper we develop a test of whether parties are capable of making credible promises in single-issue elections in which the parties have preferences over policies. Two observations are key: (1) Parties that can commit to specific policies do not adopt platforms that entail large probabilities of losing the election. This is because theContinue reading “A Mechanism for Evaluating the Relevance of Credibility Problems in Politics”
Category Archives: Working Papers
Reestructuración bajo incertidumbre radical: el caso de Argentina
El caso de Argentina es sintomático de una crisis de confianza, como lo explican los modelos de equilibrios múltiples de crisis de balanza de pagos. El marco de sostenibilidad de la deuda con el FMI debería ser lo suficientemente flexible como para permitir soluciones de reestructuración y mejoramiento del bienestar.
Reestructuring under Radical Uncertainty: The Case of Argentina
Argentina’s case is symptomatic of a confidence crisis as explained by multiple equilibria models of balance of payments crises. The IMF’s debt sustainability framework should be made flexible enough to allow for welfare-improving reprofiling solutions in such cases.
Sanctions and the Venezuelan Economy: What the data say
LatamEconomics Viewpoint, June 2019
A Humanitarian Oil Agreement for Venezuela
Protecting Venezuelans from the collateral impact of the political crisis. Available at oilforvenezuela.org
Francisco R. Rodríguez 