CEU Economic Seminar Series: All the President's Money: The Economy in a Hybrid Political Regime (joint with Gergely Újhelyi and Balázs Muraközy)

A large fraction of the world’s population lives neither in an ideal democracy nor in a full-fledged dictatorship, but in a hybrid regime in between. In such regimes leaders have extensive ability to extract rents from private firms, but they also face a number of constraints. What are the implications of these regimes for regulatory policy and the economy? What is the economic impact of public procurement? Can international sanctions limit the leader’s power without harming the population?