This paper examines the asymmetric impact of economic policy uncertainty (EPU) on exchange rate volatility across a sample of developed and emerging economies. Using an asymmetric GARCH-MIDAS model, volatility is decomposed into short-term and long-term components, with the latter associated...

Recent studies have focused on the detrimental effects of global economic policy uncertainty (EPU) on firm profitability. Nevertheless, none of these studies has focused on a developing economy like Nigeria. To understand this, the study conducted a host of regression analyses using the Driscoll...

Amidst the polycrisis of 2018-2024, Asia-Pacific trade flows exhibited a structural resilience that contrasts with traditional theoretical predictions of severe trade contraction under high uncertainty. This study investigates these resilience dynamics using a structural gravity model estimated...

The Cultural and Creative Industries (CCIs) are dynamic contributors to the global economy but face inherent vulnerabilities due to their structure of small enterprises and project-based nature. This study quantifies the economic resilience of CCIs in Mexico across multiple economic cycles from...

This paper analyzes the economic returns to political connections in Brazilian local elections, focusing not only on traditional campaign donations but also on two novel channels: firms that provide goods or services to candidates during campaigns and firms' owners affiliated with parties within...

This article analyses the rise of economic security as a new organising principle of European Union economic governance and examines the extent to which this concept is transforming the traditional model of European industrial and market policy. In the context of escalating geopolitical rivalry,...

During the last decades, central bank independence proved to be the bedrock of credible and effective monetary policy. Both past and recent history provides plenty of evidence of disastrous outcomes with high inflation and economic stagnation, when central banks - lacking independence - were put...

During the last decades, central bank independence proved to be the bedrock of credible and effective monetary policy. Both past and recent history provides plenty of evidence of disastrous outcomes with high inflation and economic stagnation, when central banks – lacking independence – were...