We derive new tests for proper calibration of multivariate density forecasts based on Rosenblatt probability integral transforms. These tests have the advantage that they i) do not depend on the ordering of variables in the forecasting model, ii) are applicable to densities of arbitrary...

We study whether national leaders' foreign education influences their foreign policy, measured by voting behavior at the United Nations General Assembly (UNGA). We hypothesize that "affinity" - pre-existing or developed while studying abroad - makes leaders with foreign education more likely to...

In this paper, we investigate, based on a representative sample of Swiss and German firms, the impact of foreign green energy related policies on domestic innovation activities. Under control of the respective domestic policy stringency, we find a significant positive effect of foreign...