We analyze the political economy causes and consequences of a monetary unification among countries with different institutional quality. Before a common currency, countries with stronger institutions have more efficient public spending and lower taxes, leading to better productive incentives and...

We study the evolution of voter support for climate policies aimed at containing the effect of climate risk, as weather conditions worsens at a time of rising economic inequality. Households differ in age, beliefs and income, and the scale of intervention to preserve habitable land reflects the...