Positive Political Economy investigates how observed differences in institutions affect political and economic outcomes in various social, economic and political systems. It also examines how the institutions themselves change and develop in response to individual and collective beliefs, preferences and strategies. This volume tackles both monetary and real topics in an integrated way, and represents the first coherent empirical investigation of positive models of political economy.
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Sylvester C. W. Eijffinger is Professor of Financial Economics at the Center for Economic Research and the Department of Economics and Jean Monnet Professor of European Financial and Monetary Integration at Tilburg University.
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