limited; prediction based upon this series is typically outperformed by naive, non-indicator methods. The information content …

modelling errors, since precaution reduces the power of its instruments by these variances. Also, prudence implies less weight … to new uncertain observations that are less important for welfare and introduces a bias in prediction. Prudent … less strongly to new measurements of the output gap. Prudence attenuates this policy reaction and biases the prediction of …

representation (PR), was the desire of the Conservative and Liberal parties to come up with a way of credibly dividing power to avoid … problem with majoritarian electoral institutions was that they did not allocate power in a way which matched the support of … with the rising support for socialism and the desire to divide power more broadly. Our findings shed new light on the …

where the survival of the system is at stake; that is, at its core. Here, power becomes salient. This helps explain why …