Can a global climate risk pool help the most vulnerable countries? Bruegel Policy Brief 2015/04 December 2015

Extreme climate events related to global warming will happen somewhat randomly and could have a huge cost for the most vulnerable countries. A global climate risk pool, with contributions from all countries, could help these vulnerable countries to recover from such events and might thus smooth the way towards a broader climate deal.

Macroeconomics, economic crisis and electoral outcomes: A national European pool

An abundance of comparative survey research argues the presence of economic voting as an individual force in European elections, thereby refuting a possible ecological fallacy. But the hypothesis of economic voting at the aggregate level, with macroeconomics influencing overall electoral outcomes, seems less sure. Indeed, there might be a micrological fallacy at work, with the supposed individual economic vote effect not adding up to a national electoral effect after all. Certainly that would account for the spotty evidence linking macroeconomics and national election outcomes. We examine the possibility of a micrological fallacy through rigorous analysis of a large time-series cross-sectional dataset of European nations. From these results, it becomes clear that the macroeconomy strongly moves national election outcomes, with hard times punishing governing parties, and good times rewarding them. Further, this economy-election connection appears asymmetric, altering under economic crisis. Indeed, we show that economic crisis, defined as negative growth, has much greater electoral effects than positive economic growth. Hard times clearly make governments more accountable to their electorates.

Vander Velde standing on top of IMB pool

IMB (Irvine, Michigan, Brookline), a collaboration between the University of Michigan, the University of California at Irvine, and the U.S. Department of Energy, was an experiment designed to determine the ultimate stability of matter. Jack Vander Velde in Morton Salt mine (site of IMB experiment). Standing on top of liner, supported by water beneath. In the background are portholes for inserting equipment into the water.

Diver in pool

IMB (Irvine, Michigan, Brookline), a collaboration between the University of Michigan, the University of California at Irvine, and the U.S. Department of Energy, was an experiment designed to determine the ultimate stability of matter. IMB construction image. Scuba diver shown in IMB pool. Upgraded version of 8-inch PMT's [photomultiplier tubes] shown with wave-shifter plates.

Women's Physical Education. Ground breaking for new swimming pool unit

Black & Black, architects. Dedicated April 17, 1954 and named after Dr. Margaret Bell, chairman of the Program of Physical Education for Women. Left to right: President Harlan Hatcher; Dr. Margaret Bell, director of Women's Physical Ed. program; and H.O. (Fritz) Crisler