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We study the effects of electoral institutions on the size and composition of public expenditure...

Bureaucratically organized systems tend to be less efficient than economies in which agents are...

This paper explains why EMU countries seem unable or unwilling to undertake structural reforms of...

This paper describes the primary framework associating the four principal price indices in the...

Empirically, output and asset returns are highly positively correlated across the United States...

Over the past decade, global output has grown by more than 3 percent a year and inflation has...