Building on the well-established relationship between economic dynamics and political processes, we focus on the most important element of the political process, namely, general (or national) elections, and look into their effects on public finance and total economic output. In this vein, the...

This study explores the influence of trade policy uncertainty on medical innovation investment in developing nations from 1980 to 2020, with a focus on the period of COVID-19. We used exogenous and heterogeneous exposure to trade-policy-uncertainty resolutions from developing countries' trade...

The Weimar hyperinflation is a textbook example of how inflation develops. All the factors usually associated with inflation were present during this period. However, besides the quantifiable factors, such as money supply development, the political factors appear dominant in retrospect. There...

Die Ampelkoalition steht nach einem Regierungsjahr vor großen Herausforderungen. Der Krieg in der Ukraine und die steigenden Preise insbesondere im Bereich der Energie machen den Deutschen Sorgen und sie erwarten unterstützende Maßnahmen des Staates. Eine empirische Analyse der Forderungen...

We present a model in which an imperfectly informed politician chooses between appointing an independent expert, whose advice is revealed to voters, and a loyal expert whose advice can be concealed from voters and who can therefore be blamed for a bad outcome. The politician is privately...

The war in Ukraine threatens global food security. At the same time, the European Union (EU) plans to advance the green transformation of its agro-food sector, which implies lower agricultural output. Relying on the political economy literature, this study examines if the war can thwart the...

We investigate the impact of observability of contracts between a plaintiff and his attorney on both the efficiency of the environmental conflict and the fairness of the resulting outcome from the environmental conflict. By including two specific game-theoretic models (an observable-contract...

The literature on the influence of political and policy-related uncertainties on financial aspects has gained an impetus in the last two decades. This study adds to the existing literature by reviewing the impact of political uncertainty on initial public offerings (IPOs). We aim to provide a...

The ifo Education Survey is a representative opinion survey of the German voting-age population on education topics that has been conducted annually since 2014. It covers public preferences on a wide range of education policy issues ranging from early childhood education, schools, and...

Die Umsetzung von EU-Recht in die innerstaatliche Rechtsordnung kann die Haushalte von Bund und Ländern erheblich belasten. Um derartige finanzielle Auswirkungen zu ermitteln, werden die in Gesetzentwürfen veranschlagten Staatsausgaben für Rechtsakte der EU über einen Zeitraum von 30 Jahren...