We use 201,000 observations from repeated survey data in 61 elections and 9 OECD countries since 1952 to study the formation of vote choices and policy preferences in the electoral season and assess how TV debates contribute to this process. We find that the share of voters who state a...

This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving-retention coefficient remains high in the 70's but decreases...

This paper studies the pattern of allocation of foreign aid from various donors to receiving countries. We find considerable evidence that the direction of foreign aid is dictated by political and strategic considerations, much more than by the economic needs and policy performance of the...