About PolEconFin
PolEconFin is a platform for researchers active in political economy of finance. This initiative seeks to provide a meeting point for theorists and empiricists with shared interests and build a research community with a focus on public policy.
PolEconFin comprises of two related projects:
1. The online platform to support and promote research in political economy of finance
2. The CEPR Conference Series to stimulate in-person interaction between researchers
Latest Papers & Opinions
The Implementation of Central Bank Policy in China: The Roles of Commercial Bank Ownership and CEO Faction Membership
We examine the roles of commercial bank ownership and CEO faction membership in facilitating or in hindering the implementation of central bank policy in China. Both ownership and membership matter: provincial or city government-owned banks whose CEOs are members of a generalist faction within the Chinese Communist Party (CCP) respond least to People’s Bank of…
Latest Papers & Opinions
3rd Edition of our Conference! An Overview of the Day
This year’s edition of the CEPR Conference Series on the Political Economy of Finance took place in the beautiful Wereldmuseum in Rotterdam. This edition gathered a great lineup of scholars to discuss frontier research on the interactions between firms’ political power, their stakeholders and society at large. One of the highlights of the conference was…
Latest Papers & Opinions
Corporate Political Interests in Absentia
We formalize Zingales’ (2017) argument about the link between corporate economic characteristics and political influence in a setup that exhibits an inverse relationship between citizens’ participation in production and the protection offered to citizens who participate. In this setup, driven by citizens whose participation in production necessitates low protection, democracy may fail to offer protection…
Latest Papers & Opinions
Is Sustainable Finance a Dangerous Placebo?
A first-order concern regarding sustainable finance is that it may crowd out individual support for more effective, policy-driven approaches to address societal challenges. We test the validity of this concern in a pre-registered experiment in the context of a real referendum on a climate law with a representative sample of the Swiss population (N=2,051). We…
Latest Papers & Opinions
Going Extreme: The Impact of Political Polarization on Corporate Investment
Using data on roll-call voting patterns of U.S. state legislators from 1993 to 2016, we find a negative relationship between firm investment and state legislative polarization, measured as the ideological distance between the Democratic and Republican party medians. An increase of one standard deviation in the average within-state polarization leads to a 4.5% reduction in…
Latest Papers & Opinions
Central Bank Independence in Latin America: Politicization and De-delegation
In the last three decades, legal delegation of monetary policy to independent central banks (CBI) has achieved the status of a global norm of good governance. The recent backlash against this independence is an important but understudied trend. Our article analyzes the potential for delegation reversals with a focus on Latin America where CBI was effective…
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Behind this initiative
PolEconFin comprises of two related projects:
1. The online platform to support and promote research in political economy of finance
2. The CEPR Conference Series to stimulate in-person interaction between researchers
