Unprecedented challenges to agriculture — including population growth, climate change, energy scarcity, natural resources degradation and market globalization — underscore the need to rethink policies and institutions for crop production intensification. Models used for intensification in...

Why do sudden and massive social, economic, and political changes occur when and where they do? Are there institutional preconditions that encourage such changes when present and discourage such changes when absent? In this paper, I employ a general model which suggests that massive equilibrium...

This paper is concentrated on the comparative macroeconomic analysis of the differences stemming from the extent to which the institutional framework of the currency board arrangement is implemented in the legal and regulatory systems in the different countries. The main objective of taking into...

A vibrant body of research analyzes the impact of domestic political institutions on choice of exchange-rate regime. While most of this work focuses on regime type, I examine the relationship between institutional quality and monetary policy. I empirically assess two strands of theoretical work...