This note reconsiders the results obtained by Matsen and Røisland [Eur. J. Political Economy 21 (2005) 365-384] by dropping the simplifying assumption that the median of country-specific shocks is equal to their mean. Majority voting then increases the volatility of the chosen interest rate...

This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and...

We investigate empirically changes in voting in the United Nations General Assembly consequent to leader turnovers over the 1985–2008 period and find evidence that governments with new rulers are more supportive of the United States on important votes. We consider the explanations that might...

A long tradition in economics explores the association between the quality of formal institutions and economic performance. The literature on the relationship between such institutions and happiness is, however, rather limited, and inconclusive. In this paper, we revisit the findings from recent...

Prior research has concluded that socio-economic development does not significantly affect terrorism. We take an alternative view. First, we note that a country's socio-economic circumstances affect terrorists' behavior through terrorism's opportunity costs. We argue that this reasoning also...

► We identify research gaps and recent contributions in the economics of terror. ► We focus on the human drivers of insecurity as a key topic. ► Insecurity shapes growth, perceptions of individuals, and policy responses. ► The economics of security policies remains large under-researched.