This study empirically estimates the determinants of aggregate voter participation rates between 1960 and 1996 using instrumental variables. Other things equal, an increase in the public’s dissatisfaction with politicians decreases voter participation, an increase in the highest marginal tax...

Many empirical studies have been undertaken to determine the validity of the uncovered interest rate parity hypothesis--the hypothesis that would lead one to expect a correlation between the forward discount and spot rate movements. The consensus of these studies has been that the forward...