作者：Fujiwara, Thomas
作者单位：Princeton University; National Bureau of Economic Research
摘要：This paper studies the introduction of electronic voting technology in Brazilian elections. Estimates exploiting a regression discontinuity design indicate that electronic voting reduced residual (error-ridden and uncounted) votes and promoted a large de facto enfranchisement of mainly less educated citizens. Estimates exploiting the unique pattern of the technology's phase-in across states over time suggest that, as predicted by political economy models, it shifted government spending toward ...
作者：Afonso, Gara; Lagos, Ricardo
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; New York University
摘要：We develop a model of the market for federal funds that explicitly accounts for its two distinctive features: banks have to search for a suitable counterparty, and once they meet, both parties negotiate the size of the loan and the repayment. The theory is used to answer a number of positive and normative questions: What are the determinants of the fed funds rate? How does the market reallocate funds? Is the market able to achieve an efficient reallocation of funds? We also use the model for t...
