Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and … misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar … more ‘extractive’ institutions from their colonial past were more likely to experience high volatility and economic crises …

the upswing in the credit volatility that kept money supply variability from translating into inflation and GDP volatility. … volatilities away from the downward trending GDP and inflation volatilities. Using an en dogenous growth monetary DSGE model, with … micro-based banking production, enables a contrasting characterization of the two great volatility cycles over the …

prominently, commanding 30% of current defense R&D spending, versus just about 13% for intelligence and anti-terrorism. The second …, and the extent to which security against terrorism is (still) a public good. I develop for that purpose a simple model of … terrorism, cast in a nested discrete choice framework. Two strategies are considered: fighting terrorism at its source, and …

This paper uses scoring matching techniques and event study analysis to elucidate the impact of terrorism across … that belong to the defence, security or anti-terrorism related industries and other companies. The findings show that … whereas terrorism has a significant negative impact on non defence-related companies, the overall effect of terrorism on …

What are the main causes of international terrorism? The lessons from the surge of academic research that followed 9 … (the escalation effect) stressing domestic political instability as the main reason for international terrorism …

What is the impact of terrorism on trade through higher security at the borders? We set up a theory which shows that … the impact goes not only from terrorism to trade; higher trade with a partner might, in turn, increase the probability of … terrorism acts and make security measures more costly for total welfare. In order to identify the true impact of terrorism, our …

peaceful as compared to violent means, distinguishing terrorism from insurgencies. We hypothesize that organizations are more … likely to resort to terrorism rather than rebellion in richer countries where population mobilization is more difficult. We … of the Middle East and North Africa over the 1980-2004 period. Our multinomial logit models combine group- and country …