This paper examines how microprudential policy affects income inequality, and whether and how the effect of macroprudential policy on income inequality depends on the stance of microprudential policy. The dataset covers 70 countries over the period 1996-2013. Applying the system GMM estimation...

We perform a quantitative synthesis of 807 estimates of the effect of macroeconomic news announcements on exchange rates, as reported in 25 studies. Estimates are tested for publication selection using visual examination of funnel plots, linear asymmetry tests, and recent non-linear testing...

This paper examines the determinants of inflation differentials across member states of the African Economic Community (AEC). The results suggest that exchange rate depreciation, GDP per capita growth, price divergence, fiscal deficit, and periods of economic instability all contribute to higher...

This study investigates the impact of exchange rate fluctuations on non-performing loans (NPLs), using a unique bank-by-bank dataset on lending to FX hedged and FX unhedged borrowers. Employing fixed effects and panel quantile regression, we analyze how changes in exchange rate affect the NPL...

This paper presents the first comprehensive meta-analysis of the elasticity of substitution between native and immigrant labor. Drawing on 1,091 estimates from 41 studies, we examine whether immigrants and natives compete in the same labor markets, and to what extent published estimates are...

This paper examines the impact of temperature on soccer team productivity using match-level data from ten countries across three continents. The results show that temperature affects multiple performance metrics, often in non-linear ways. Specifically, attacking efficiency is enhanced in warmer...

This paper introduces a novel composite energy poverty indicator, the M2LIHC, which combines elements of the twice-median expenditure share (2M) and Low Income High Cost (LIHC) measures. Using a unique dataset merging the Czech Household Budget Survey and EU-SILC data from 2017-2022, we...

This study explores the heterogeneous and asymmetric macro-financial effects of climate change in CESEE countries, depending on the level of underlying macrofinancial vulnerabilities. Focusing solely on acute physical risks - those arising from extreme weather events - it employs panel quantile...

This paper develops a novel gradient-based reinforcement learning algorithm for solving dynamic quantile models with uncertainty. Unlike traditional approaches that rely on expected utility maximization, we focus on agents who evaluate outcomes based on specific quantiles of the utility...

We analyze the determinants of industrial energy demand in five new European Union member states (Czechia, Lithuania, Poland, Romania, and Slovenia) with a focus on the effects of energy prices, sectoral output, energy-saving investment, and technological progress. Using a panel dataset covering...