This paper examines the importance of electoral rules for legislators' behavior. The German electoral system includes a mechanism which assigns whether legislators are elected under the first-past-the-post (FPTP), or the proportional representation (PR) electoral rule. Using this institution, we...

This paper examines the importance of electoral rules for legislators behavior. The German electoral system includes a mechanism which assigns whether legislators are elected under the first-past-the-post (FPTP), or the proportional representation (PR) electoral rule. Using this institution, we...

This paper examines the importance of electoral rules for legislators' behavior. The German electoral system includes a mechanism which assigns whether legislators are elected under the "first-past-the-post" (FPTP), or the proportional representation (PR) electoral rule. Using this institution,...

This paper examines the importance of electoral rules for legislators’ behavior. The German electoral system includes a mechanism which assigns whether legislators are elected under the “first-past-the-post” (FPTP), or the proportional representation (PR) electoral rule. Using this...

This paper investigates the value of political institutions for financial markets, using panel data from emerging market countries. We test the hypothesis that changes in political institutions, such as improvements in democratic rights and increased government accountability, have a direct...

The ongoing coronavirus pandemic crisis as well as demographic and climate change pose major challenges for public finances. This article deals with the implications of demographic trends in Switzerland, i.e. the progressive ageing of the population and its impact on the country's public...