Articles by Mario Blejer and Piroska Nagy-Mohacsi:

Populism and Time Inconsistency

This recent VoxEU.org column analyzes the recent ascendance of populists across the international stage through the lens of the concept of ‘time inconsistency’—that is, the possible mismatch between what might be optimal today and what might be optimal over the longer term. Populist leaders, according to Mario Blejer and Piroska Nagy-Mohacsi, are time consistent in their constant objective of maximizing their own power. The authors propose some commitment devices to guard against populist abuses.  

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