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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 …
Persistent link: https://www.econbiz.de/10009702311
Persistent link: https://www.econbiz.de/10010511531
The answer is that people's evaluations of their income situation are based on different considerations when the economy is expanding and when it is contracting. When, in the course of economic growth, incomes generally are rising, evaluations tend to be dominated by "social comparison" - what...
Persistent link: https://www.econbiz.de/10012604148
Persistent link: https://www.econbiz.de/10008654528
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. …
Persistent link: https://www.econbiz.de/10010234524
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 …
Persistent link: https://www.econbiz.de/10011722636
Blanchard and Wolfers (2000) to analyse the role of the interaction of macroeconomic shocks and labour market institutions for …
Persistent link: https://www.econbiz.de/10011821431
The 1920s in the United States were a time of high income and wealth growth and rising inequality, up to the peak in 1929. It was an era of technological innovations such as electrification as well as booms in consumer durables, housing, and asset markets. The degree to which these skill-biased...
Persistent link: https://www.econbiz.de/10013163807
We study the role and the interaction of the quality of institutions and of counter-cyclical policies in leaning …
Persistent link: https://www.econbiz.de/10013488632
This paper empirically investigates and theoretically reflects on the generality of the "stylized facts" discussed in business cycle analysis. Using OECD data for 1960 - 2010, the duration of business cycles as well as three models capturing core macroeconomic relations are estimated: based on...
Persistent link: https://www.econbiz.de/10011290723