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The persistence of policy switches --- whereby presidents renege on campaign promises shortly after winning elections --- thirty years after Latin America's re-democratization defies established… (More)
This article examines Brazil's unique experience with bilateral investment treaties (BITs) - the country signed 14 of them in the 1990s, but none was ever ratified. The case is puzzling for a number… (More)
Economic voting is a widely accepted regularity in the political science literature, yet most work on the subject either assumes that economic performance is a direct result of policymaking or, more… (More)
This paper builds on the democratic equilibrium established in open economies where the median voter refrains from “over-taxing” the wealthy in order to prevent capital flight, advanced in Boix… (More)
Globalization theorists have long argued that the convergence of left-wing and right-wing governments' agendas has made alternation of power irrelevant from the economic perspective, particularly in… (More)
Do ideological inclinations of future governments matter to financial investors? How do investors’ preferences affect governments’ policy choices when they conflict with voters’ demands? This paper… (More)