The Political U: New Evidence on the Economic Costs of Hybrid Regimes
ABSTRACT Recent research establishes a positive causal effect from democracy to income, although this evidence relies mostly on binary regime classifications. We extend the identification framework of Acemoglu et al. (2019) to a classification that distinguishes democracies, autocracies, and hybrid regimes for about 170 countries over 1960–2024.
Nauro F. Campos +2 more
wiley +1 more source
Under-ice convective regimes driven by sunlight and sediment temperature control water-ice heat flux. [PDF]
Estay G, Noto D, Ulloa HN.
europepmc +1 more source
Price and Non‐price Terms of Syndicated Loans to Technology Firms
ABSTRACT This paper examines whether US technology firms receive different price and nonprice terms in the syndicated loan market compared to nontechnology firms. The analysis reveals that technology borrowers face significantly less favorable terms, including 12 basis points higher loan spreads, approximately 5%$\%$ shorter maturities, and loan sizes ...
Weiting Hu +2 more
wiley +1 more source
Reentrant superconductivity at an oxide heterointerface. [PDF]
Maryenko D +9 more
europepmc +1 more source
How Does Progressivity Affect the Tax Cut Multiplier?
ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley +1 more source
Adsorption-Induced Pore Volume Deformation: Implications for Excess Adsorption in Kerogen Matrices. [PDF]
Babaei S +3 more
europepmc +1 more source
Contractual Minimum Wages and Collective Bargaining. Italian Evidence From 40 Years of Data
ABSTRACT This study documents the evolution of minimum wages bargained in Italian collective contracts over a 40‐year period (1983–2023). Real minimum wages have grown over the last three decades, particularly among high‐skilled occupations, but the 2022–2023 inflation crisis eroded this growth.
Bernardo Fanfani
wiley +1 more source
Eutectic-Driven Recrystallization of Coamorphous Bicalutamide + Niclosamide Systems: Contrasting Stability above and below <i>T</i><sub>g</sub>. [PDF]
Poloczek P +5 more
europepmc +1 more source
A knowledge representation method for modeling rule-based systems
Knowledge representation has been the critical and intractable issues for a knowledge-based system, especially for complex or large systems. This paper proposes a knowledge representation approach for modeling rule-based systems using the defined fuzzy ...
Jiang B(姜波) +4 more
core
CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source

