Showing 1 - 10 of 153
ethnic conflict. A new type of bargaining failure due to multiple types of potential conflicts (and hence multiple threat …
Persistent link: https://www.econbiz.de/10010796620
There is tremendous variation in conflict intensity both across and within civil conflict spells. Using an instrumental … variables approach and a rich set of dynamic, empirical models, we find that the intensity of conflict is negatively related to … per-capita income. Economic conditions also affect conflict dynamics, as higher per-capita income reduces the persistence …
Persistent link: https://www.econbiz.de/10010789246
The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In...
Persistent link: https://www.econbiz.de/10005777908
We present a theory of ethnic conflict in which coalitions formed along ethnic lines compete for the economy%u2019s … coalition can defect to the winners at low cost, and this rules out conflict as an equilibrium outcome. We derive a number of … implications of the model relating social, political, and economic indicators such as the incidence of conflict, the distance among …
Persistent link: https://www.econbiz.de/10005575496
geographic location for inter-State conflict. The main predictions of the theory are that conflict tends to be more likely when …
Persistent link: https://www.econbiz.de/10010821951
We analyze how a country's political institutions affect oil production within its borders. We find a pronounced negative relationship between political openness and volatility in oil production, with democratic regimes exhibiting less volatility than more autocratic regimes. This relationship...
Persistent link: https://www.econbiz.de/10008764663
Understanding and minimizing the transaction costs of policy implementation are critical for reducing tropical forest losses. As the international community prepares to launch REDD+, a global initiative to reduce greenhouse gas emissions from tropical deforestation, policymakers need to pay...
Persistent link: https://www.econbiz.de/10008836719
We provide new evidence on the response of real interest rates and inflation to monetary shocks. Our measure of monetary policy shocks is based on unexpected changes in interest rates over a 30-minute window surrounding scheduled Federal Reserve announcements. Our estimates indicate that nominal...
Persistent link: https://www.econbiz.de/10010969387
Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to...
Persistent link: https://www.econbiz.de/10010950888
Motivated by the recent experience of the U.S. and the Eurozone, we describe the quantitative properties of a New Keynesian model with a zero lower bound (ZLB) on nominal interest rates, explicitly accounting for the nonlinearities that the bound brings. Besides showing how such a model can be...
Persistent link: https://www.econbiz.de/10011271396