Legislative Transparency and Credit Risk

Open governance requirements are designed to improve accountability, which implies that transparent governments are more trustworthy stewards of their publicly invested power. However, transparency may also reduce institutional effectiveness and inhibit political compromise, diminishing the capacity to manage resources responsibly. We assess empirical support for these competing perspectives in the context of American state legislatures, many of which have become exempt from state sunshine laws in recent decades. We leverage variation in the timing of these legislative exemptions to identify the effect of removing transparency in a crucial governing institution on investors’ risk perceptions of states’ general obligation bonds. Our analysis of these data during the period 1995–2010 suggests that removing legislative transparency reduces state credit risk. We conclude that while openness in government may be normatively desirable, shielding legislative proceedings from public view may actually be better for states’ debt repayment capacity, improving their overall fiscal health.     

Trajectories of Perceived Parental Psychological Control across Adolescence and Implications for the Development of Depressive and Anxiety Symptoms

Journal of Youth and Adolescence - Theory and research indicate considerable changes in parental control across adolescence (e.g., declining behavioral control), but the developmental course and...     

Missing revolution: the American intelligence failure in Iraq, 1958

Why were American officials caught by surprise with the military coup and later revolution in Iraq on 14 July 1958? Drawing on American intelligence and diplomatic records as well as multilingual sources, this article argues that the US intelligence failure is the product of two factors: the collection of information from too few and too similar human sources of intelligence in Iraq’s ruling regime, and the unreceptivity of US officials to assessing new information and their unwillingness to update assessments of local Iraqi developments. It revisits America’s intelligence failure in Iraq and suggests important lessons for the study of intelligence.     

‘Letting the Beasts Out of the Cage’: Parole in the Post-Stalin Gulag, 1953–1973

After a lapse of 15 years under Stalin, parole was reintroduced into the Soviet Gulag in 1954. For justice officials anxious to expunge Stalin's repressive legacy, the resurrection of parole signalled a return to correctionalism, societal oversight over the Gulag, and a vastly reduced rate of incarceration. In practice, though, parole exposed significant continuities with the Stalinist Gulag, including endemic corruption, overwhelming concern with production, suspicion of outside interference in penal affairs, and constant upward pressure on the inmate population. In the broader view, the experience of parole in the post-war USSR aligned closely with that of the Western world.     

Policy dynamics and the evolution of state charter school laws

Baumgartner and Jones (1993) showed how radically new policies emerge on government agendas as a consequence of exogenous shocks to policy subsystems displacing privileged interests. But how do these policies evolve post-punctuation? In this paper, we present three different models of policy change. Policies may revert to the old status quo if displaced interests re-assert themselves, or they may be “locked-in” by new interests now reaping the benefits. Alternatively, they may incrementally change as lawmakers “learn” how to better meet target population needs, particularly by witnessing how other jurisdictions address similar problems. We test these models with data on change in state charter schools laws over time. We find that whether old status quos are overthrow, and the fate of charter policies when they are enacted, is influenced more by competing political interests, especially interest groups, than elite and public perceptions of broad systemic crises. Yet, we also find that changing demands on the state and learning from the successes and failures of neighboring states also play significant roles.