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Whether Federal Reserve Bank presidents have the right to vote on the U.S. monetary policy committee depends on a mechanical, yearly rotation scheme. Rotation is without exclusion: also nonvoting presidents attend and participate in the meetings of the committee. Does voting status change...
Persistent link: https://www.econbiz.de/10012605265
Whether Federal Reserve Bank presidents have the right to vote on the U.S. monetary policy committee depends on a mechanical, yearly rotation scheme. Rotation is without exclusion: also nonvoting presidents attend and participate in the meetings of the committee. Does voting status change...
Persistent link: https://www.econbiz.de/10012606016
This paper studies the effects of endogenous party formation on political platforms. It develops a model in which parties allow like-minded citizens to, first, share the cost of running in a public election and, second, coordinate on a policy platform. The paper characterizes the set of...
Persistent link: https://www.econbiz.de/10012799674
Does social media or offline social cohesion overcome collective action problems more effectively when both types of networks are prevalent? We investigate non-violent protests against a place-based economic reform in Austria—a country where one in two citizens uses Facebook but also one in...
Persistent link: https://www.econbiz.de/10013427755
The persistence literature in economics and related disciplines connects recent outcomes to events long ago. This influential literature marks a promising development but has drawn criticism. We discuss two prominent examples that ground the rise of the Nazi Party in distant historical roots....
Persistent link: https://www.econbiz.de/10013470353
Does social capital always promote solidarity and democracy, or are social networks such as sports clubs also vulnerable to populism? We exploit quasi-experimental variation in sports club membership in German cities. Sports clubs are booming in cities with successful soccer teams which pass the...
Persistent link: https://www.econbiz.de/10014290169
Rebels, militias, and criminal groups all govern civilians. Governing strategies adopted by armed groups during civil war likely influence citizens' post-conflict political participation, with consequences for democratic politics. We theorize that an armed group's position relative to the state...
Persistent link: https://www.econbiz.de/10014322604
Does the salience of a topic affect polarization in related parliamentary debates? When discussing a salient topic, politicians might adopt more extreme stances to gain electoral consensus. Alternatively, they could converge towards more moderate positions to find a compromise. Using...
Persistent link: https://www.econbiz.de/10014340636
The social innovations have been together with the advanced technology in the 21st century, taking an essential role in social structures and their informatization processes. Information technology has become an indispensable factor not only in industry and service businesses, but also in...
Persistent link: https://www.econbiz.de/10014461918
We report on the results of an experiment designed to disentangle behavioral biases in information aggregation of committees. Subjects get private signals about the state of world, send binary messages, and finally vote under either majority or unanimity rules. Committee decisions are...
Persistent link: https://www.econbiz.de/10014469359