Several scholars have criticized the Freedom House democracy ratings as being politically biased; do countries indeed incorrectly receive better ratings that have stronger political ties with the United States? Starting from the assumption that other indices of democracy can be used as benchmark...

In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European Union (EU) member countries. Our empirical analysis is based on the New Keynesian Phillips Curve (NKPC) derived in Galí and Monacelli (2005) for small open economies (SOE)....

In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European Union (EU) member countries. Our empirical analysis is based on the New Keynesian Phillips Curve (NKPC) derived in Galí and Monacelli (2005) for small open economies (SOE)....

After the communist regimes collapsed throughout Eastern Europe and the former Soviet Union, they were replaced (at least initially) by relatively wide-ranging democracy. Measured by the indices of political freedom and civil liberties published by the Freedom House (see the Technical Annex for...