Many political systems with direct democracy mechanisms have adopted rules preventing decisions from being made by simple majority rule. The device most commonly added to majority rule in national is a quorum requirement. The two most common are the participation and the approval quora. Such...

We take a new look at electoral sectionalism and dynamic nationalization in presidential elections. We treat this problem as one of synchronism of electoral cycles, which we estimate by using wavelets. After providing a self-contained introduction to wavelet analysis, we use it to assess the...

We assess U.S. monetary policy across time and frequencies in the framework of the Taylor Rule (TR). First, we portray the deviations between policy interest rates and the TR-prescribed rates with a set of continuous wavelet tools, comprising the coherency, phase-difference and gain. Then, using...