Policymakers are often faced with decisions affecting human health and mortality risk. For example, new vehicle fuel efficiency standards may lead to higher costs for consumers but could also save lives by improving air quality in urban areas, thus creating a trade-off between economic costs and...

In 2004, Italy introduced a national program to address heat-related health risks, combining public awareness campaigns, heat-wave warning systems, and hospital protocols. Leveraging administrative mortality data and high-frequency temperature variation, we show that the program reduced...

In 2004, Italy introduced a national program to address heat-related health risks, combining public awareness campaigns, heat-wave warning systems, and hospital protocols. Leveraging administrative mortality data and high-frequency temperature variation, we show that the program reduced...

We examine what is widely considered to be one of the strongest channels of monetary policy transmission into household spending - the effect of changes in mortgage payments when mortgage rates are linked to the short-term policy rate. Using bank transactions data from Australia, we analyze a...

Using a granular database of variable rate euro area loans and analysing their defaults between 2014 and 2019, we show that the effect of interest rate changes on mortgage defaults is highly non-linear. First, we find that the risk associated with higher contemporaneous interest rates is...