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What is the relationship between financial development, political instability, trade openness and economic growth and how does it change over time? This paper examines these links using a new ... effect on economic growth, which depends significantly on (jointly estimated) trade openness thresholds. In addition, political instability displays a negative effect on growth whereas trade openness a
The present study identifies economic, political, and institutional variables that influence the distribution of personal incomes in the Eurozone countries facing severe fiscal imbalances, namely ... et al. 2019) , mainly in the form of political budget cycles (PBCs), which have been documented to severely affect the actual budget balance especially in Greece (Petrakos et al. 2021a) . We employ
As the political climate in the United States becomes increasingly divided, more and more employees are fired for their off-duty political speech. Political speech is highly protected from government ... . Although employee political speech is not currently protected at the federal level, there are a myriad of state statutes that protect employee speech from employer retaliation. Some of these state statutes
we simulate a much more conservative cut in public investment by the Greek central government; (ii) a second scenario of a lower risk-premium, signalling, e.g., lower political and re-denomination ... Social Research (NIESR) , London , UK 1 London School of Economics and Political Science , London , UK At the beginning of 2010, the fiscal situation of Greece was unsustainable, and an ambitious but
banking system. The uncertainty induced by the controls was related to whether or not the combination of financial and political turmoil would lead Greece to exit the eurozone and adopt a new independent ... to political constraints. In the interim, the first six months of 2015 saw a run on the banking system due to increased political uncertainty. A cumulative 48.6 billion euros (or more than one quarter
of fiscal announcement, is lacking. This paper aims to bridge this gap. 8 The literature on the political bias in government forecasts is abundant. The persistence of overly optimistic forecasts led to ... the perception that, as budget forecasts came to occupy a more central role in the political process, the pressure on forecasters to help policy makers avoid hard choices led to forecasting bias. A
. Given that a broad programme of tax cuts and regulatory reform would more than pay for itself in the long run, it must be considered as a highly attractive political agenda. ... highly attractive political agenda. Regional study; DSGE model; Policy implication; Indirect Inference 1 Introduction In this paper we set out a model of the regional economy and apply it to UK data
and Development (OECD) countries over the period 1990–2018 we examine whether and how different welfare state models influence the impact of the economic, social and political dimensions of ... ; GMM - JEL Classification F68 · H19 · H53 · I38 · P50 1 Introduction A decades-long challenge for economics and political science research, among others, is to determine whether globalisation
findings indicate that political differences alone do not themselves preclude macroeconomic risk sharing within a monetary union. ... . Monetary union; Optimal currency area; Currency union; Political division 1 Introduction Clashing political preferences, along with concerns over migration and fiscal transfers, raise questions about how
success. How are MLMs allowed to operate relatively unchecked? MLMs have a powerful political lobby which has ensured that state and federal regulations remain favorable to their operations. Furthermore
Courts and legislatures face the difficult task of balancing individual First Amendment rights with other basic freedoms, a task that has become increasingly challenging with the advent of new technology. The emergence of the ballot selfie has caused a legal uproar due to the perception that it may compromise the sanctity of the electoral process and the secret ballot process by...
Courts and legislatures face the difficult task of balancing individual First Amendment rights with other basic freedoms, a task that has become increasingly challenging with the advent of new technology. The emergence of the ballot selfie has caused a legal uproar due to the perception that it may compromise the sanctity of the electoral process and the secret ballot process by...
Political observers commonly argue that, given the unique characteristics of the Internet, democratization is an inevitability of its widespread use. The critical role that social media played in the ... minds of many. Yet China defies this simplistic paradigm—China has been stunningly successful at constraining the political power of its Internet. We argue that the political importance of Internet
Political observers commonly argue that, given the unique characteristics of the Internet, democratization is an inevitability of its widespread use. The critical role that social media played in the ... minds of many. Yet China defies this simplistic paradigm—China has been stunningly successful at constraining the political power of its Internet. We argue that the political importance of Internet
rule is rarely litigated in many states, but doing so draws attention to a fundamental philosophy of the legislative process, which is especially compelling in light of the ideological battles that are ... 1oli-ically cLarMed leMi.la-ionY A. Legislating in a Combative Political Environment In Obergefell v. Hodges, -Le @u1re5e !our- deci.ion -LaleMali`ed .a5eZ.ea 5arriaMe na-ionwide, !Lief Ju.-ice JoLn
free trade agreement. However, their paper takes political tensions between the US and China into consideration and their identification strategy is different from the strategy proposed by Benjamin Jung
, possibly in periods of elevated economic or political uncertainty. We may next use the respective errors to explain deviations of the estimated UIP slope coefficients from the theoretical value of = 0. The ... . Cambridge University Press Thornton DL ( 2019 ) Resolving the unbiasedness and forward premium puzzles . Scott J Political Econ 66 ( 1 ): 5 - 27 Triandafil CM , Richter C ( 2012 ) Testing the UIP theory in
the Faculty of Philosophy and Sciences (FFC), Unesp, Marília Campus / SP. The data collected from a questionnaire indicated that teachers have a favorable perception regarding the inclusion process
the Faculty of Philosophy and Sciences (FFC), Unesp, Marília Campus / SP. The data collected from a questionnaire indicated that teachers have a favorable perception regarding the inclusion process
