Showing 1 - 10 of 2,279
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent …
Persistent link: https://www.econbiz.de/10013150443
This paper examines the roles played by organizations in maintaining the Bretton Woods System. Theory indicates that even if countries understand that cooperation will lead them to a Pareto superior outcome, they need not cooperate unless they are convinced that other countries are also...
Persistent link: https://www.econbiz.de/10013232739
Different countries have been following different reform paths since the early 1990s. We develop a simple dynamic model of policy reform that captures some of the determinants that underlie these differences. The model emphasizes the interaction between domestic institutions and international...
Persistent link: https://www.econbiz.de/10013021479
levels of democracy. In developed countries, especially old democracies, election-year deficits actually reduce the … countries and in new democracies, but voters are affected by growth over the leader's term in office rather than in the election …
Persistent link: https://www.econbiz.de/10013225839
Since a key function of competitive elections is to allow voters to express their policy preferences, one might take it …, election years are associated with larger changes in expenditure composition while new democracies, which were found by Brender … and Drazen (2005) to raise their overall level of expenditures in election years, tend not to have such changes …
Persistent link: https://www.econbiz.de/10013150905
Using multi-country data from 62 elections since 1952, we show that 17% to 29% of voters make up their mind during the … after, the election. Changes in vote choice are concomitant to shifts in salient issues and beliefs about candidates, while …
Persistent link: https://www.econbiz.de/10012857735
We examine patterns of economic policy uncertainty (EPU) around national elections in 23 countries. Uncertainty shows a … clear tendency to rise in the months leading up to elections. Average EPU values are 13% higher in the month of and the … month prior to an election than in other months of the same national election cycle, conditional on country effects, time …
Persistent link: https://www.econbiz.de/10014091900
Market exchange is subject to an endogenously determined level of predation which impedes specialization and gains from trade. We construct a model in which utility-maximizing agents opt between careers in production and careers in predation. Three types of equilibria may emerge: autarky (with...
Persistent link: https://www.econbiz.de/10014158358
Security baskets and index-lined securities are securities whose values are functions of the cash flows or values of other assets. Creation of these "composite" securities would seem to be redundant since investors can cost1ess1y replicate them. In this paper we study the existence and optimal...
Persistent link: https://www.econbiz.de/10013138948
This paper investigates the extent to which strategic objectives of the U.S. government influenced news coverage during the Cold War. We establish two relationships: 1) strategic objectives of the U.S. government cause the State Department to under-report human rights violations of strategic...
Persistent link: https://www.econbiz.de/10013147999