Are people happier if they experience freedom from regulations, and how do individual attitudes towards liberalization influence personal life satisfaction? Based on the data from European and World Values Surveys and the Economic Freedom of the World project, we find evidence for positive...

For the decomposition of GDP into its trend and cyclical components, Blanchard and Quah (1989) proposed to extract the cycle by imposing a long-run restriction on the moving average polynomial of a bivariate autoregressive process for GDP and a cyclical indicator. We investigate the robustness...