A new NBER paper on malfunctioning democracies in devleoping countries (by Claudio Ferraz & Frederico Finan): This chapter examines why democracies in the developing world frequently underperform in providing effective governance. We argue that these shortcomings stem from weaknesses in accountability mechanisms, which leave governments vulnerable to corruption, clientelism, and elite capture. Our framework distinguishes three accountability…

Mostly Economics

12.09.2025

Book Review: History for Tomorrow | Mostly Economics

Book Review: History for Tomorrow Roman Krznaric. 2024. History for Tomorrow: Inspiration from the Past for the Future of Humanity. W H Allen. ISBN 9780753559635 Trade Paperback. Annavajhula J C Bose, PhD Department of Economics (Retd.), SRCC, DU Suppose you are, like me, more often than not hating the past, fearing the present and having…

Mostly Economics

12.09.2025

How banks strategically develop brand images using adveritsing videos | Mostly Economics

Xugan Chen, Allen Hu & Song Ma on impact of banks adveritising: This paper examines how banks strategically develop brand images and how these efforts influence franchise value and the transmission of monetary policy. Analyzing TV advertisements via video embeddings, we measure banks' images along three dimensions: pricing advantages, service quality, and building trust and emotional connections. Banks…

Mostly Economics

12.09.2025

Folk economics of Housing | Mostly Economics

Christopher S. Elmendorf, Clayton Nall and Stan Oklobdzija discuss housing shortages in US in Journal of Econ Perspectives:Why is housing supply so severely restricted in US cities and suburbs? Urban economists offer two primary hypotheses: homeowner self-interest and political fragmentation. Homeowners, who outnumber and have organizational advantages over renters, are said to lobby against development…

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Malfunctioning Democracies: Understanding Accountability Failures in Developing Countries | Mostly Economics

Book Review: History for Tomorrow | Mostly Economics

How banks strategically develop brand images using adveritsing videos | Mostly Economics

Folk economics of Housing | Mostly Economics

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