Argument: The paper argues that the introduction of the Euro has considerably reduced de facto monetary policy autonomy in non-ECU members. We start from a simple Mundellian model, in which currency unions raise economic efficiency but reduce monetary policy autonomy. Our main argument holds...

This article reinforces our 2007 Political Analysis publication in demonstrating that the fixed effects vector decomposition (FEVD) procedure outperforms any other estimator in estimating models which suffer from the simultaneous presence of time-varying variables correlated with unobserved unit...

This paper analyzes multilateral aid allocation in the European Union (EU). We argue that EU members can influence the aid allocation process towards their national interests if they form powerful coalitions that bias the European Commission's development policies. When EU members' preferences...

When and how can weak states increase their bargaining leverage in international organizations? I argue that during phases of routine bargaining, distributional outcomes depend on the states' political and economic leverage and less on the formal allocation rules, so they are unfavorable to weak...

Why do states ratify international treaties? While previous research has emphasized domestic political factors, we focus on power politics in situations in which powerful states disagree on the merits of a treaty. We argue that states supporting the status quo should discourage third parties...