The debate over CEO compensation persists despite extensive efforts by academics and technocrats to understand its determinants. Most research has focused on how firm-specific characteristics and CEO-specific traits influence CEO compensation. However, the results have been contradictory,...

Geopolitical conflicts generate macroeconomic spillovers that extend beyond directly affected countries through trade and commodity linkages. This paper quantifies these effects for Germany, France, Italy, and Spain using a monthly Trade-Related Conflict Exposure (TRCE) index for 2009–2023...

The inflation rate has shown an upward trend globally, specifically after COVID-19, and the economies of the Gulf Cooperation Council (GCC) are not an exception. A heightened inflation in the modern globalized world is indeed undesirable due to its enormous adverse consequences on all sectors of...

This study investigates the structural relationship between inflation and key macroeconomic fundamentals in Türkiye, an emerging economy characterized by persistently high and divergent inflation dynamics. Using monthly data for the 2011-2024 period, we apply the Kapetanios, Shin, and Snell...

I develop a framework analyzing how artificial intelligence (AI) reshapes monetary policy through three interrelated channels: cyclical transmission, structural transition, and financial stability. In the short run, AI can alter inflation dynamics by changing how supply and demand disturbances...

This study analyzes tax reform and its determining factors affecting the tax ratio in Indonesia, Malaysia, India, and Singapore by using the Toda-Yamamoto causality approach. The findings reveal five significant causal relationships in Indonesia, including the impact of inflation (I) on the tax...

This study investigates the impact of inflation on human capital investment decisions. Using a specially designed survey we estimate the causal effect of recent price level increases on the graduation plans of over 1,200 U.S. university students. We find that inflation caused over half of the...