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This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled …) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper … tests for heterogeneity among committee members in three monetary policy committees: the FOMC, the Bank of England's MPC and …
Persistent link: https://www.econbiz.de/10013120227
Voting power in voting situations is measured by the probability of changing decisions by altering the cast 'yes' or … change decisions. This theory is often applied to weighted voting situations, where voters can cast multiple votes. Measuring … reected by a voting game that is not any more simple. We use data from Scotland, Hungary and a number of other countries both …
Persistent link: https://www.econbiz.de/10009154768
Did austerity cause Brexit? This paper shows that the rise of popular support for the UK Independence Party (UKIP), as the single most important correlate of the subsequent Leave vote in the 2016 European Union (EU) referendum, along with broader measures of political dissatisfaction, are...
Persistent link: https://www.econbiz.de/10011877825
We develop a theoretical framework for equity in council voting games (CVGs). In a CVG, a fully representative voting …
Persistent link: https://www.econbiz.de/10010223052
We study classist societies where the middle class fight over redistribution of public funds with the marginalized and over social policies with the elites. We show that such societies are often deprived of well-defined majoritarian preferences, underscoring the importance of the party system....
Persistent link: https://www.econbiz.de/10013313170
voting) and electoral democracy less …
Persistent link: https://www.econbiz.de/10014077660
The present paper is part of unpublished book divided into three interrelated manuscripts that analyze the collapse of the Sudan. The theory introduced here is that the regime was built on kleptocratic framework. That enhanced a rapid transformation of the values' system of the country and...
Persistent link: https://www.econbiz.de/10014043955
Support for economic reforms has often shown puzzling dynamics: there are many examples of reforms that started off successfully but nevertheless lost public support, and vice versa. We show that learning dynamics can rationalize this apparent paradox, the reason being that the process of...
Persistent link: https://www.econbiz.de/10010326523
This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled …) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper … tests for heterogeneity among committee members in three monetary policy committees: the FOMC, the Bank of England's MPC and …
Persistent link: https://www.econbiz.de/10009380404
Persistent link: https://www.econbiz.de/10009722659