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Optimal insurance for repetitive natural disasters under moral hazard
This study provides novel insights into the design of insurance contracts for repetitive losses from natural disasters, such as typhoons, hurricanes,...
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Foreign Direct Investment, Institutions, and Domestic Investment in Develo** Countries: Is there a Crowding-Out Effect?
Despite using a common database for a sample of 46 develo** countries to evaluate the impact of foreign direct investment (FDI) inflows on domestic...
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Firm-level political risk and the firm’s trade credit extension
This paper investigates the influence of firm-level political risk on the firm’s supply of trade credit. Using a novel measure of firm-level...
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What Explains Global Inflation
This paper examines the drivers of fluctuations in global inflation , defined as a common factor across monthly headline consumer price index (CPI)...
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Stock Markets Cycles and Macroeconomic Dynamics
There is a consensus that stock markets are procyclical. However, answers to some important questions remain unclear. Do stock markets lead or lag...
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Food Insecurity Among Older Adults in India: A Study of Disparities Across the Inter-sectional Axes of Caste, Poverty, and Gender
In the last decade, lack of consumption data has made it difficult to study the question of “socio-economic and gender equity in food security” . A...
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Main Channels of Job Search in the Beninese Labour Market: The Case of Unemployed Young
The challenge of reducing unemployment and underemployment is more relevant than ever in all develo** countries. To identify the factors...
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Macroprudential Policies and Global Banking
This paper examines the ability of macroprudential policies to dampen the pro-cyclicality of credit market cycles and to enhance the macroeconomic...
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Residential Segregation at Physical Neighborhood Boundaries
Train tracks delineate neighborhoods and serve as landmarks in the urban landscape. This paper sheds light on historic railroad placement as a...
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State’s Role in Income Inequality: Social Preferences and Life Satisfaction
This study analyzes the determinants of life satisfaction in two social identity profiles according to whether the individual favors or is against...
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Fairness with unequal productive skills among other-regarding individuals
This paper deals with the fair ranking of allocations when individuals endowed with heterogeneous skills have other-regarding preferences over the...
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Effects of international tourism on environmental quality and renewable energy use in Africa: a study of the moderating role of governance institutions
This study investigated how international tourism is impacting on environmental quality and renewable energy use in Africa, and how governance...
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Implementation of deep learning models in predicting ESG index volatility
The consideration of environmental, social, and governance (ESG) aspects has become an integral part of investment decisions for individual and...
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Functional distribution, personal income inequality, and top shares of income: do social classes still matter?
This paper aims at providing new evidence about the link between personal and functional distribution and top-shares composition. We apply a novel...
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Business-Cycle Analysis and Zero-Crossings of Time Series: A Generalized Forecast Approach
We propose an extension of classic time series approaches to business-cycle measurement called Simple Sign Accuracy (SSA), which addresses...
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Climate change and wage inequality
We develop general equilibrium models that incorporate an agricultural equipment sector to explore the impact of climate change on skilled-unskilled...
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Free Pre-K and Non-Marital Childbearing: Examining the Link in Vermont
This paper examines the potential unintended consequence of universal pre-kindergarten (pre-k) programs on non-marital childbearing. We analyze the...
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A statistical evaluation of the effectiveness of multidimensional relative poverty alleviation efforts in China
China has successfully eliminated absolute poverty and thus its poverty reduction efforts are now entering a new phase aimed at alleviating relative...
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When government’s economic ideology shapes income redistribution. Empirical evidence from the OECD
This paper studies the relationship between Government´s economic ideology and income redistribution, using a panel of OECD countries spanning the...
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The effect of democracy and corruption paradox on economic growth: MINT countries
This study examines the impact of democracy and corruption on the economic growth of Mexico, Indonesia, Nigeria, and Turkey over the 1975–2022...