• Publications
  • Influence
Political Cycles and the Macroeconomy
The relationship between political and economic cycles is one of the most widely studied topics in political economics. This book examines how electoral laws, the timing of elections, the ideologicalExpand
Exchange rate anomalies in the industrial countries: A solution with a structural VAR approach
Past empirical research on the effects of monetary policy in closed and open economies found evidence of several anomalies, such as the 'liquidity', 'price', 'exchange rate' and 'forward discountExpand
Political instability and economic growth
This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950 through 1982. We define political instability as theExpand
Political and Economic Determinants of Budget Deficits in the Industrialdemocracies
This paper focuses on the management of fiscal deficits and the public debt in the industrial democracies. Given the large deficits in many OECD countries in recent years, and the resulting sharpExpand
What Caused the Asian Currency and Financial Crisis
Abstract The paper explores the view that the Asian currency and financial crises in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even if marketExpand
Political Cycles in OECD Economies
This paper studies whether the dynamic behaviour of GNP growth, unemployment and inflation is systematically affected by the timing of elections and of changes of governments. The sample include theExpand
Political and Economic Determinants of Budget Deficits in the Industrialdemocracies
This paper focuses on the management of fiscal deficits and the public debt in the industrial democracies. Given the large deficits in many OECD countries in recent years, and the resulting sharpExpand
Twin Deficit or Twin Divergence? Fiscal Policy, Current Account, and Real Exchange Rate in the US
In spite of the concerns about "twin deficits" (fiscal and current account deficits) for the U.S., empirical evidence suggests that “twin divergence” is a more regular feature of the data: when theExpand
International Lending of Last Resort and Moral Hazard: A Model of Imf&Apos;S Catalytic Finance
It is often argued that the provision of liquidity by the international institutions such as the IMF to countries experiencing balance of payment problems can have catalytic effects on the behaviorExpand
Government Spending and Budget Deficits in the Industrial Economies
In this paper, we try to interpret several important trends in the size of governments and government deficits in the OECD economies : the rapid increase in the public spending to GDP ratio in theExpand
...
1
2
3
4
5
...