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least initially) by relatively wide-ranging democracy. Measured by the indices of political freedom and civil liberties … liberalisation began-the Czech Republic, Hungary and Slovenia attained the same extent of democracy as the United Kingdom or Germany …. Between 1989 and 1991, the average of the two Freedom House indices rose from 0.26 to 0.57, on a scale from zero (no democracy …
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divergence in democracy and political rights is 4 to 5 times larger than the divergence in the path toward economic freedom and … ease of doing business. Democracy is not harder to predict than economic freedom — history and ethnicity predict it well …
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In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what are their...
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