IF 1.7 3区经济学

Kyklos Pub Date : 2026-10-02 Epub Date: 2026-07-07 DOI: 10.1111/kykl.70073

Pedro Atienza Montero

{"title":"Hyperinflation and High Inflation in Venezuela: Monetary or Exchange Rate Origin?","authors":"Pedro Atienza Montero","doi":"10.1111/kykl.70073","DOIUrl":"https://doi.org/10.1111/kykl.70073","url":null,"abstract":"<p>From 2018 to 2021, Venezuela experienced a period of intense hyperinflation. There are two hypotheses regarding the origin of such hyperinflation. The monetarist hypothesis attributes hyperinflation to excessive growth in the money supply, typically resulting from public deficits. Alternatively, the structuralist balance of payments hypothesis attributes the phenomenon to sharp exchange rate devaluations arising from structural issues in the balance of payments. This study applied VAR-based techniques (the Granger causality test and forecast error variance decomposition) commonly used in this field of research. The results show that the monetarist hypothesis holds true for different temporal periods characterized by hyperinflation. This finding is consistent with those of other empirical studies. However, when the same analysis is conducted for an earlier period of price acceleration, from 2013 to 2017, the results are diametrically opposed. Only the balance of payments hypothesis is confirmed in this case. This work therefore provides a more comprehensive explanation of the inflationary process in Venezuela than previous research. This study concludes that the parallel market exchange rate triggered an acceleration in prices prior to hyperinflation and ceased to be relevant only when prices began to rise explosively. At that point, the money supply became the sole explanatory variable of hyperinflation.</p>","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":"79 4","pages":"1053-1077"},"PeriodicalIF":1.7,"publicationDate":"2026-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/kykl.70073","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149099680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

“The Quartet” and Reform of the Exchange Rate System, 1945–73: A Reconstitution “四重奏”与1945 - 1973年汇率制度改革：重构

IF 1.7 3区经济学

Kyklos Pub Date : 2026-10-02 Epub Date: 2026-06-16 DOI: 10.1111/kykl.70064

George S. Tavlas

{"title":"“The Quartet” and Reform of the Exchange Rate System, 1945–73: A Reconstitution","authors":"George S. Tavlas","doi":"10.1111/kykl.70064","DOIUrl":"https://doi.org/10.1111/kykl.70064","url":null,"abstract":"<div>\u0000 \u0000 <p>During the heyday of the Bretton Woods years, William Fellner, Gottfried Haberler, Fritz Machlup, and Robert Triffin were known as “the Quartet,” in recognition of their contributions on international monetary reform. Three of the Quartet members, Haberler, Machlup, and Fellner, have been credited as having been part of a small, select group of economists who foresaw the desirability of, and paved the way to, freely flexible exchange rates, the regime that succeeded the Bretton Woods system in 1973. This paper assesses the views on exchange rate regimes of the members of the Quartet from the mid-1940s to the early 1970s and, in doing so, provides both a reconstitution of the conventional narrative and a window through which the evolving position of the profession at large towards increased exchange rate flexibility can be better understood. In the 1960s and early 1970s, Haberler, Machlup, and Fellner were proponents of a crawling peg regime, an arrangement that required a high degree of government intervention. Their support for a system with a high degree of government intervention mainly reflected a pragmatic policy position rather than a theoretical stance. To provide a frame of comparison, the views of the members of the Quartet on exchange rates are compared with those of Milton Friedman, who advocated an exchange rate system without government intervention.</p>\u0000 </div>","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":"79 4","pages":"921-945"},"PeriodicalIF":1.7,"publicationDate":"2026-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149100242","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Front-Loaded Stabilizations: Lessons From Milei's Chainsaw Reform Program 前馈稳定：来自米雷电锯改革计划的教训

IF 1.7 3区经济学

Kyklos Pub Date : 2026-10-02 Epub Date: 2026-08-14 DOI: 10.1111/kykl.70079

Federico Sturzenegger

引用次数: 0

Anti-Money Laundering Regulations and House Prices in OECD Countries 经合组织国家的反洗钱法规与房价

IF 1.7 3区经济学

Kyklos Pub Date : 2026-10-02 Epub Date: 2026-08-14 DOI: 10.1111/kykl.70082

Hassan F. Gholipour, Mohammed N. Abu Al-Foul, Elias Oikarinen

引用次数: 0

Behavioral Factors in Tax Preparer and Tax Compliance Choices 行为因素与税务合规选择

IF 1.7 3区经济学

Kyklos Pub Date : 2026-10-02 Epub Date: 2026-05-11 DOI: 10.1111/kykl.70062

James Alm, Jubo Yan, William D. Schulze, Melissa Vigil, Carrie von Bose

引用次数: 0

Towards a Responsible Liberalism 走向负责任的自由主义

IF 1.7 3区经济学

Kyklos Pub Date : 2026-10-02 Epub Date: 2026-06-24 DOI: 10.1111/kykl.70069

Adam Oliver

引用次数: 0

Unbundling the Global Commons 拆分全球公地

IF 1.7 3区经济学

Kyklos Pub Date : 2026-10-02 Epub Date: 2026-07-13 DOI: 10.1111/kykl.70075

Veeshan Rayamajhee

{"title":"Unbundling the Global Commons","authors":"Veeshan Rayamajhee","doi":"10.1111/kykl.70075","DOIUrl":"https://doi.org/10.1111/kykl.70075","url":null,"abstract":"<div>\u0000 \u0000 <p>Can Elinor Ostrom's design principles for governing local commons scale to global commons dilemmas? This paper argues that they can, but not as a template to be applied wholesale. The principles are diagnostic tools for decomposing global commons into governable sub-problems. The entry point is the structure of goods and property rights, which is institutionally contingent rather than fixed. The paper develops an unbundling framework that matches each sub-problem to its appropriate governance scale. Most can be governed at sub-global levels through markets, clubs, or polycentric arrangements. What remains is a residual that requires international coordination but is far narrower than the aggregate label implies. Where governance outcomes depend on co-production by local actors, top-down hegemonic alternatives fail for structural reasons. The residual is also structurally resistant for political-economy reasons. The policy implication is a recalibration. Governance should be assumed at the lowest scale where institutional prerequisites can be satisfied, and international coordination reserved for what cannot be governed there. Five empirical domains illustrate the argument, with orbital debris worked through in greater detail.</p>\u0000 </div>","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":"79 4","pages":"1114-1131"},"PeriodicalIF":1.7,"publicationDate":"2026-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149100007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Public Goods Provision and Democratic Legitimacy in Latin America: Does Citizen Satisfaction With Local and Political Public Goods Matter? 拉丁美洲的公共产品供给与民主合法性：公民对地方和政治公共产品的满意度重要吗？

IF 1.7 3区经济学

Kyklos Pub Date : 2026-10-02 Epub Date: 2026-07-01 DOI: 10.1111/kykl.70071

Andrés A. Acuña-Duarte, Javier A. León, César A. Salazar

{"title":"Public Goods Provision and Democratic Legitimacy in Latin America: Does Citizen Satisfaction With Local and Political Public Goods Matter?","authors":"Andrés A. Acuña-Duarte, Javier A. León, César A. Salazar","doi":"10.1111/kykl.70071","DOIUrl":"https://doi.org/10.1111/kykl.70071","url":null,"abstract":"<div>\u0000 \u0000 <p>This cross-country study assesses the impact of citizen satisfaction with the provision of local and political public goods on democratic legitimacy in Latin America. We introduce a composite index to capture citizens' perceptions of democratic legitimacy, incorporating both material and diffuse dimensions. Using individual- and cohort-level data from five waves of the AmericasBarometer survey, we estimate pooled linear regression and fixed-effects pseudo-panel models for our Democratic Legitimacy Index. Our findings reveal that citizen satisfaction with both local and political public goods is positively and statistically significantly associated with material measures of democratic legitimacy. Nevertheless, no significant effect of local public goods is found when diffuse measures of regime legitimacy are considered. Overall, these results highlight the importance of more intangible dimensions of public goods, namely, political goods, in fostering both support for and valuation of democracy, as well as the extent to which Western democratic values are upheld in Latin America.</p>\u0000 </div>","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":"79 4","pages":"1028-1052"},"PeriodicalIF":1.7,"publicationDate":"2026-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149099775","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Social Contract and Collective Action: Grievances, Cleavages, and Protests in the Middle East 社会契约与集体行动：中东地区的不满、分裂与抗议

IF 1.7 3区经济学

Kyklos Pub Date : 2026-10-02 Epub Date: 2026-06-30 DOI: 10.1111/kykl.70067

Markus Loewe, Holger Albrecht

引用次数: 0

Too Much of a Good Thing? Telework Intensity and Workplace Experiences 好事太多？远程工作强度和工作经验

IF 1.7 3区经济学

Kyklos Pub Date : 2026-07-03 Epub Date: 2026-05-10 DOI: 10.1111/kykl.70061

Eline Moens, Louis Lippens, Kathleen Vangronsvelt, Ans De Vos, Stijn Baert

{"title":"Too Much of a Good Thing? Telework Intensity and Workplace Experiences","authors":"Eline Moens, Louis Lippens, Kathleen Vangronsvelt, Ans De Vos, Stijn Baert","doi":"10.1111/kykl.70061","DOIUrl":"https://doi.org/10.1111/kykl.70061","url":null,"abstract":"<p>At a time when numerous organisations are urging a return to the office while many employees prefer to continue teleworking, it is crucial to ascertain the optimal level of telework intensity. In the present study, we determine this ideal level with respect to self-rated employee attitudes, behaviour, well-being, social relations and professional growth. Drawing on a five-wave longitudinal dataset, we apply fixed effects regression analyses to investigate associations between telework intensity and various dimensions of workplace experience. We offer more robust empirical evidence for favouring hybrid work schedules over office-only or telework-only regimes, owing to significant advances in causal inference for linear and non-linear associations compared to the majority of existing studies that examine linear associations based on cross-sectional data. Our results point toward modest inverted U-shaped associations between telework intensity and self-rated job satisfaction, work–life balance, relationships with colleagues and professional development, with optimal levels peaking around 50% teleworking. For task efficiency and work concentration, the association appears to be concave with a plateau, stabilising at teleworking levels above 70%. Only between telework intensity and employer connectedness do we observe a slightly negative linear association. Age emerges as the most prominent moderator, with within-person increases in telework intensity being evaluated slightly more positively with increasing age across several workplace outcomes.</p>","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":"79 3","pages":"828-841"},"PeriodicalIF":1.7,"publicationDate":"2026-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/kykl.70061","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148386635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

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