We revisit the question whether U.S. fiscal policy in the pre-Volcker period was active or passive. To determine the policy stance, we estimate a DSGE model with monetary and fiscal policy interactions employing a sequential Monte Carlo algorithm (SMC) for posterior evaluation. In contrast to...

In Romania, the 2008 local elections were held based on a new electoral law. The main changes concerned the election of chairpersons of county councils by uninominal voting, shifting of the general and presidential elections and the introduction of a uninominal voting system for parliamentary...