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We analyze the effects of world wars on the macroeconomic dynamics of the U.S., France, Germany, and the UK, by means of an estimated open-economy model. The model allows wars to affect the economy through capital depreciation, sovereign default, a military draft, household preferences, and...
Persistent link: https://www.econbiz.de/10012963064
individual ‘lone wolf’ terrorists whose attacks are characterised by ‘sprees’ of violence that last only for a relatively short …
Persistent link: https://www.econbiz.de/10014041913
empirical analysis. We expect the results to have important implications for the study of political violence, order, and state …
Persistent link: https://www.econbiz.de/10013069587
civilians. Wrongful detention can backfire, fueling insurgent violence by alienating detainees and their kin. Can … counterinsurgent compensation for wrongful detention and insurgent violence. The violence-reducing effects of detainee release payments …
Persistent link: https://www.econbiz.de/10012832686
John Maynard Keynes became world famous with the publication of The Economic Consequences of the Peace in 1919, a harsh … critique of the Versailles peace treaty. As a consequence, Keynes was nominated by German professors in economics for the Nobel … Peace Prize three years in a row, 1922, 1923 and 1924. Because Keynes was put on the shortlist of candidates, he was …
Persistent link: https://www.econbiz.de/10013230929
together two recent streams of literature to highlight the role of political risk. We find that violence in the form of … terrorism, revolutions, and wars is harmful to international investment. Violence in a source country encourages investment away … from the parent to a safer host. Host country violence hurts investment, mainly in developing countries. Developing …
Persistent link: https://www.econbiz.de/10003231263
The author describes a Problem-Based Learning (PBL) group assignment in which students predict macroeconomic outcomes of various real-world events before they have learned about the IS-LM model that is covered in Intermediate Macroeconomics textbooks. The author also gives a brief history of the...
Persistent link: https://www.econbiz.de/10014214457
This paper reviews experiments in macroeconomics, pointing out the usefulness and the weaknesses of this approach. A substantially large number of macroeconomic issues has been analyzed in the laboratory, ranging from monetary economics to fiscal policy and international trade to name a few,...
Persistent link: https://www.econbiz.de/10014075898
This article surveys recent work on the role of law in determining economic aggregates such as gross domestic product, unemployment, inflation, and productivity growth. We provide a brief overview of macroeconomics and discuss how legal interventions and institutional arrangements such as...
Persistent link: https://www.econbiz.de/10014103520
Persistent link: https://www.econbiz.de/10013007328