In this paper we fit a vector error correction model (VECM) in output and prices to data from 10 countries of the CFA Franc Zone. This model allows for various cross-country interactions in both the short run and the long run. The VECM parameters are used to estimate persistence profiles of...

The determination of long-run aggregate supply is a feature which short-run models of macroeconomic policy coordination tend to neglect but which has implications for the setting of interest rates. In this paper, the authors develop an open-economy model of output maximization, where investment...

The international community has a declared intention to protect civilians from deliberate violence in civil conflicts. The optimal type of foreign intervention and its optimal timing are likely to depend on the combat strategies of the belligerents. Weak belligerents unable to provide economic...

The authors analyse newly collected time-series data measuring the dimensions of violent political conflict in Egypt. Attention is focused on the interaction between politically motivated attacks by Islamists and the counter-insurgency measures used by the Egyptian government. Both insurgency...

Time-series data from Israel are used to investigate the dynamics of the causal links between the intensity of the Israeli–Palestinian conflict and capital flight. A number of dimensions of the conflict are considered, including Israeli and Palestinian fatalities, the incidence of Green...

type="main" xml:id="twec12192-abs-0001" <title type="main">Abstract</title> <p>Using cross-country panel data, we explore the extent to which the variation over time in measures of democracy and political rights can be explained by changes in aid inflows, thus providing direct evidence on the impact of innovations in donor...</p>

We analyse new experimental and survey data from rural Cameroon, where the level of trust is much higher than is typical of Africa. We find the level of trust exhibited by individuals to be highly correlated with membership of Rotating Saving and Credit Associations. There is also a significant...

In less developed countries, there is often a low correlation between survey-based measures of interpersonal trust and experimental measures. This has caused doubt about the reliability of trust measures used to explain variations in levels of socio-economic development. Using data from rural...