How firms respond to uncertainty determines economic policy effectiveness. Using Brexit as a natural experiment, I document that flexible price-setters - those most responsive to monetary policy - paradoxically reduce adjustment more than sticky firms under uncertainty. This "curse of...

EU Missions are large-scale initiatives under Horizon Europe designed to tackle major global challenges, such as climate change, cancer, soil health, ocean restoration, and the development of climate-neutral and smart cities. They set clear, time-bound goals and bring together research, policy,...