This paper investigates the impact of news media information on improving short-term GDP growth forecasts by analyzing a large and unique corpus of 12.4 million news articles spanning from 1991 to 2018. We extract business cycle-related sentiment from each article using an annotated dataset from...

Hybrid threats encompass a range of hostile activities aimed at achieving geopolitical objectives, including cyberattacks, infrastructure sabotage, espionage, economic and political coercion, disinformation, and other forms of hybrid warfare. We construct a Geopolitical Hybrid Threat (GHT) index...

Hybrid threats encompass a range of hostile activities aimed at achieving geopolitical objectives, including cyberattacks, infrastructure sabotage, espionage, economic and political coercion, disinformation, and other forms of hybrid warfare. We construct a Geopolitical Hybrid Threat (GHT) index...

We examine whether banks incorporate firm-level biodiversity risk into their lending decisions. Using a large sample of syndicated loans matched to firm-level biodiversity risk measures, we document that borrowers with higher biodiversity risk face significantly higher loan spreads. Evidence on...