We empirically study the perception of political uncertainty by UK's stock markets, covering the entire Brexit period from January 2013 to March 2020. We find that indices dominated by the largest capitalized companies anticipate negatively perceived events already prior to the actual event,...

This paper examines the economic impact of wine counterfeiting, with a focus on the Sassicaia scandal, publicized in 2020, regarding counterfeit 2015 vintage bottles of the iconic Super Tuscan wine. Wine fraud, documented since ancient Rome, has evolved alongside the industry, with key...

We construct monetary policy indicators from high-frequency asset price changes following policy announcements, emphasising the concentration of asset price responses along specific dimensions and their leptokurtic distribution. Traditionally, these dimensions are identified by rotating...