Public authorities overseeing the International Financial Reporting Standards (IFRS) Foundation, through the Monitoring Board in place since early 2009, should encourage the Foundation to make itself more directly accountable to the global investment community. The Monitoring Board should...

The debate on the institutional reform and governance of the WTO has now been underway for over fifteen years. In 1999, only five years after the creation of the World Trade Organization (WTO), the collapse of the Seattle Ministerial Conference provoked intense demands for reform. By 2003, the...

We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously...

A country's form of government has important economic and political consequences, but the determinants that lead countries to choose either parliamentary or presidential systems are largely unexplored. This paper studies this choice by analyzing the factors that make countries switch from...

Obwohl in Deutschland ein breiter Konsens darüber besteht, dass grundlegende institutionelle Reformen dringend erforderlich sind, um die seit vielen Jahren bestehenden Arbeitsmarktprobleme sowie die Probleme der Alterssicherung und Gesundheitsversorgung in den Griff zu bekommen, und obwohl...

We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson's [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial...

A country's form of government has important economic and political consequences, but the determinants that lead societies to choose either parliamentary or presidential systems are largely unexplored. This paper studies this choice by analyzing the factors that make countries switch from...

We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson's [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from in-ternational financial...