One result of the revitalized literature on political business cycles is that there are signs in German data that elections and ideology have an impact. However, using monthly data for the period 1950-89, and standard methods of time series analysis, the authors reject both the Nordhaus...

The German Bundesbank is frequently called the world's most independent and conservative central bank. Taking account of the path dependency of this reputation, both quantitative data and qualitative data on German central bank law and political conflicts are used to determine the factors that...

The German Bundesbank is frequently called the world's most independent and conservative central bank. Taking account of the path dependency of this reputation, both quantitative data and qualitative data on German central bank law and political conflicts are used to determine the factors that...

Can process conditionality enhance poverty reduction in developing countries? We address this question in a political-economic framework with political distortions on the recipient and the donor side. Process conditionality is a useful tool only if the international financial institutions hold...

We analyze how the standard results in lobbying theory change when one side has a second instrument at its disposal. We look at the effect concessions by one side have on the outcome in a Nash and a Stackelberg game. Copyright 2001 by Kluwer Academic Publishers

This paper analyzes recent free trade arrangements from a positive political economy perspective. In contrast to most other literature which fails to take into account geographical factors, it is argued here that proximity and transportation costs play an important role in trade arrangements....