The debate on whether democracy and inequality increase the level of redistribution is ongoing. We construct a model that predicts higher probability of redistribution in democracies than autocracies through social transfers. Higher inequality leads to more redistribution in democracies but not...

We test a simple model of exchange rate regime choice with data for non-OECD countries covering the period 1980-94. We find the variance of output at home and in potential target countries as well as the correlation between home and foreign real activity are powerful and robust predictors of...

When bad economics is good politics / Bruce Bueno de Mesquita and Hilton L. Root -- Order, disorder, and economic change: Latin America versus North America / Douglass C. North, William Summerhill, and Barry R. Weingast -- Political institutions, political survival, and policy success / Bruce...