Recent theoretical and empirical work has demonstrated a clear negative link between macroeconomic and political uncertainty and levels of private investment across countries. This result raises the question what institutions might help reduce this uncertainty, in particular by allowing host...

What do we know about wealth inequality and democracy? Our review shows that the simple conjectures that democracy produces wealth equality and that wealth inequality leads to democratic failure are not supported by the evidence. Why are democracy and high levels of wealth inequality sustainable...

Dieser Artikel behauptet, dass die Effektivität der Unabhängigkeit der Zentralbank und fester Wechselkurse von zwei Schlüsselfaktoren abhängt: politischen Institutionen und asymmetrischer Information. Die Wirkung dieser beiden Faktoren ist jedoch unterschiedlich. Während die Gegenwart einer...