Democracy

The following is an excerpt from the book, Balance of Power: Central Banks and the Fate of Democracies, by Éric Monnet.

In new research, Francesco Barilari and Diego Zambiasi study how President Ronald Reagan and George H.W. Bush’s rhetoric on the War on Drugs while on the campaign trail, particularly targeting crack cocaine abuse, was enough to alter policing policy. Specifically, the authors find that increased rhetoric led to an increase in arrests of Black Americans. Their study contributes to a literature on the material impact that political rhetoric can have on policing and public policy.

With slightly more than one year until the United States presidential election, electoral campaigns are about to ramp up. These quadrennial elections, like so many others in democracies worldwide, will mobilize thousands of campaign workers who play an integral role in shaping candidates’ electoral performance. Yet, little is known about these workers and how the experience of working in a campaign shapes their professional lives. This column describes the findings from a new study on the career trajectories of campaign labor in Brazil, showing that connections forged on a campaign provide qualified workers with better employment and earnings opportunities. This article was originally published in VoxEU.

In new research, Guglielmo Briscese and Michèle Belot find that reminding Americans of shared values can open lines of communication and help reduce political polarization.

A political movement in the U.S. is encouraging municipalities and states to adopt ranked choice voting as a supposedly more representative voting method. In...

Democratic elections suffer from several shortcomings, including low voter turnout and the effects of inaccurate polling. Sergiu Hart suggests adopting a simple repeat voting...

There is a significant ongoing debate in the United States on the merits of plurality voting (how most American elections are conducted) and how...

Most attention on corporate governance has focused on businesses’ social responsibility. Claudine Schneider and Ed Dolan write that businesses need to take into account...

Lucian Bebchuk and Oliver Hart explain why Israel’s proposed legal transformation would undermine not only its democracy but also its economy. Israel’s ruling coalition is...

In response to ProMarket's debate about the Twitter Files and the roles of social media and traditional media, Surya Gowda argues that a more...