conflict, leading to a low probability of a successful turn-over. The normative and conventional framework, in which players … model to predict the existence of two stable equilibria; one with a high rate of conflict, and another in which no conflict … influence the equilibria's basin of attraction, i.e. the likelihood of a transition and hence the probability of a conflict …

institutions precede crises and, interestingly, positive reforms occur thereafter. Strong institutions shorten the duration of … interaction effect suggests they can be offset by appropriate institutions. …

Blanchard and Wolfers (2000) to analyse the role of the interaction of macroeconomic shocks and labour market institutions for … wir die Rolle der Interaktion zwischen der wirtschaftlichen Entwicklung einerseits und Institutionen andererseits für …

Blanchard and Wolfers (2000) to analyse the role of the interaction of macroeconomic shocks and labour market institutions for …

We study the role and the interaction of the quality of institutions and of counter-cyclical policies in leaning …