Empirical evidence on the relationship between democracy and economic reforms is limited
to few reforms, countries, and years. This paper studies the effect of democracy on the …

Employing a wide range of individual-level surveys, we study the extent of cultural and
institutional heterogeneity within the EU and how this changed between 1980 and 2008. We …

Does democratization reduce the cost of credit? Using global syndicated loan data from
1984 to 2014, we find that democratization has a sizable negative effect on loan spreads: a …

This paper estimates the effect of the Maastricht treaty's fiscal criterion on the distribution of
EU countries' general government deficits. Using a treatment effects approach, we find that …

According to data from the Survey of Consumer Finances (SCF), average wealth of Black
households equals only 15% of average wealth of White households. In response to such a …

This article examines the socially optimal pricing of carbon emissions over time when
climate‐change impacts are unknown, potentially high‐consequence events. The carbon …

We find anecdotal evidence suggesting that governments in poor countries have a more left
wing rhetoric than those in OECD countries. Thus, it appears that capitalist rhetoric doesn't …

We use data for a panel of 60 countries over the period 1980–2005 to investigate the main
drivers of the likelihood of structural reforms. We find that:(i) external debt crises are the main …

Economists have studied the impact of numerous state laws, from welfare rules to voting ID
requirements. Yet for all this policy evaluation, what do we know about policy diffusion—how …

We study the early adoption of Twitter in the 111th House of Representatives. Our main
objective is to determine whether successes of past adopters have the tendency to speed up …