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Endogeneizing Volatility: Pecuniary Externalities and the Credit Channel

Phillippe Aghion and Abhijit Banerjee

in Volatility and Growth

Published in print:
2005
Published Online:
January 2007
ISBN:
9780199248612
eISBN:
9780191714719
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199248612.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter shows how volatility can emerge endogenously, in a world where credit constraints sometimes bind. An elementary theoretical framework is developed, which generates endogenous and ... More


Deviation from Proportional Representation and Proportionality Profiles

Rein Taagepera

in Predicting Party Sizes: The Logic of Simple Electoral Systems

Published in print:
2007
Published Online:
September 2007
ISBN:
9780199287741
eISBN:
9780191713408
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199287741.003.0005
Subject:
Political Science, Democratization

Excessive deviation from proportional representation may hurt the democratic legitimacy of the regime. The simplest way to measure the deviation from PR is to add all the differences between seat and ... More


Exchange Rate Management and Micro Tools for Macro-Management

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter looks at exchange rate management and other policy options for an open economy. It begins with an introductory discussion of overall macroeconomic management for open economies, ... More


Learning to See, to Adapt to, and to Value Uncertainty

Han Smit and Thras Moraitis

in Playing at Acquisitions: Behavioral Option Games

Published in print:
2015
Published Online:
October 2017
ISBN:
9780691140001
eISBN:
9781400852178
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140001.003.0001
Subject:
Business and Management, Knowledge Management

This chapter provides the reader with a helicopter view of a quantitative value-based framework. A key argument in this book is that volatility is always present. Uncertainty means that today's ... More


Volatility and Growth

Philippe Aghion and Abhijit Banerjee

Published in print:
2005
Published Online:
January 2007
ISBN:
9780199248612
eISBN:
9780191714719
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199248612.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investigated separately in the economics ... More


Israel: The Politics of an Extreme Electoral System

Gideon Rahat and Reuven Y. Hazan

in The Politics of Electoral Systems

Published in print:
2005
Published Online:
February 2006
ISBN:
9780199257560
eISBN:
9780191603280
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199257566.003.0016
Subject:
Political Science, Comparative Politics

Israel had a closed list PR system that was so proportional that it resulted in a large multi-party system with a very fragmented parliament. One result is that for decades, Israel experienced ... More


Political Parties and Party Systems

Hans‐Dieter Klingemann

in The European Voter: A Comparative Study Of Modern Democracies

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199273218
eISBN:
9780191602962
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199273219.003.0002
Subject:
Political Science, Comparative Politics

This chapter offers a historical description of the development of the national party systems of the countries represented in the book. First, it provides an overview of the political parties in the ... More


Example of Model Building: Electoral Volatility

Rein Taagepera

in Making Social Sciences More Scientific: The Need for Predictive Models

Published in print:
2008
Published Online:
September 2008
ISBN:
9780199534661
eISBN:
9780191715921
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199534661.003.0004
Subject:
Political Science, Comparative Politics, Political Economy

The foremost mental roadblocks in predictive model building are refusal to make outrageous simplifications and reluctance to play with means of extreme cases. “Ignorance-based” models focus on ... More


Conclusion

Phillippe Aghion and Abhijit Banerjee

in Volatility and Growth

Published in print:
2005
Published Online:
January 2007
ISBN:
9780199248612
eISBN:
9780191714719
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199248612.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter begins with a synthesis of the topics covered in the preceding chapters. It argues that in order to explain the recent boom and bust episode in the United States, one should turn ... More


The Consequences of Partisan Dealignment

Russell J. Dalton, Ian McAllister, and Martin P. Wattenberg

in Parties Without Partisans: Political Change in Advanced Industrial Democracies

Published in print:
2002
Published Online:
November 2003
ISBN:
9780199253098
eISBN:
9780191599026
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199253099.003.0003
Subject:
Political Science, Comparative Politics

Assembles cross‐national data to demonstrate the behavioural consequences of partisan dealignment. Without the reinforcement of habitual party ties, more voters are waiting longer to decide for whom ... More


The Problem of Party System Change

Peter Mair

in Party System Change: Approaches and Interpretations

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198295495
eISBN:
9780191599804
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198295499.003.0003
Subject:
Political Science, Comparative Politics

This is the second of three chapters on persistence and change in political parties. Its theme is the problem of party system change in western Europe, and its purpose, rather than to propose some ... More


Myths of Electoral Change and the Survival of the ‘Old’ Parties 1

Peter Mair

in Party System Change: Approaches and Interpretations

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198295495
eISBN:
9780191599804
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198295499.003.0004
Subject:
Political Science, Comparative Politics

This is the second of three chapters on persistence and change in political parties, and discusses myths of electoral change and the survival of the ‘old’ parties in western Europe. It starts by ... More


Electoral Markets and Stable States

Peter Mair

in Party System Change: Approaches and Interpretations

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198295495
eISBN:
9780191599804
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198295499.003.0007
Subject:
Political Science, Comparative Politics

This is the first of three chapters on political party systems and structures of competition, and looks at electoral markets in Europe. It begins by clarifying the term ‘electoral markets’ in the ... More


Political Parties in Britain: Secular Decline or Adaptive Resilience?

Paul Webb

in Political Parties in Advanced Industrial Democracies

Published in print:
2002
Published Online:
November 2003
ISBN:
9780199240562
eISBN:
9780191600296
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199240566.003.0002
Subject:
Political Science, Comparative Politics

For thirty years following the end of the Second World War, it was orthodox to regard Britain as having one of the most stable and party‐oriented political systems in the Western world—parties ... More


Spain: Building a Parties State in a New Democracy

Ian Holliday

in Political Parties in Advanced Industrial Democracies

Published in print:
2002
Published Online:
November 2003
ISBN:
9780199240562
eISBN:
9780191600296
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199240566.003.0009
Subject:
Political Science, Comparative Politics

Spain has made a number of experiments with democracy, but only since the mid‐1970s has this been successful. At that time, strenuous efforts were made to ensure that political parties would come ... More


Political Parties in Costa Rica: Democratic Stability and Party System Change in a Latin American Context

John A. Booth

in Party Politics in New Democracies

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199289653
eISBN:
9780191710964
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199289653.003.0011
Subject:
Political Science, Comparative Politics

Arising from the 1948 Costa Rican civil war, a multiparty system developed in Costa Rica under a social democratic National Liberation Party (PLN) that dominated the polity for decades. Small ... More


Trade and Employment Volatility in Corporatist and Competitive Labor Markets

Jude C. Hays

in Globalization and the New Politics of Embedded Liberalism

Published in print:
2009
Published Online:
September 2009
ISBN:
9780195369335
eISBN:
9780199871056
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195369335.003.0003
Subject:
Political Science, Political Economy

This chapter argues that because of important cross-national differences in domestic political and economic institutions, the severity of Rodrik's globalization dilemma varies across countries. In ... More


Are there discontinuities in financial prices?

Neil Shephard

in Celebrating Statistics: Papers in honour of Sir David Cox on his 80th birthday

Published in print:
2005
Published Online:
September 2007
ISBN:
9780198566540
eISBN:
9780191718038
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198566540.003.0012
Subject:
Mathematics, Probability / Statistics

This chapter explores whether there are discontinuities in financial price processes using daily data on the Japanese yen and United States dollar. It opens with a brief description of the data, ... More


Extensions

Francis X. Diebold and Glenn D. Rudebusch

in Yield Curve Modeling and Forecasting: The Dynamic Nelson-Siegel Approach

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691146805
eISBN:
9781400845415
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691146805.003.0004
Subject:
Economics and Finance, History of Economic Thought

This chapter highlights aspects of the vibrant ongoing research program associated with the ideas developed in earlier chapters. It begins with a collage-style sketch of work involving Bayesian ... More


The Party Systems

Michael Koß

in The Politics of Party Funding: State Funding to Political Parties and Party Competition in Western Europe

Published in print:
2010
Published Online:
January 2011
ISBN:
9780199572755
eISBN:
9780191595103
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199572755.003.0005
Subject:
Political Science, Comparative Politics, Political Economy

This chapter comparatively analyses the party systems of the countries examined in the book, using indicators related to vote-seeking (format, fragmentation, asymmetry, and volatility), ... More


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