That inequality varies within and between groups is well understood. We explore how inequality can also be "fractal," salient not only between sub-groups of groups but also between sub-groups of sub-groups. We demonstrate this, as a proof of concept using a limited sample, in the case of Bihar...

We estimate the wage return of the different university-level educational credentials in Argentina using administrative data for 2019. The results indicate sizeable variability according to the hierarchy of the degree and area of knowledge. Applied Sciences obtain the best results, while the...

The purpose of our study is to examine the Fishery-based Environmental Kuznets Curve (EKC) for a sample of 48 African countries between 1970-2019. We estimate cubic EKC-type models using quantile regression to account for distributional asymmetries existing in the time series data, and our...

The study extends the literature on the nexus between cryptocurrency and uncertainty. This study proxied the cryptocurrencies and global uncertainty, respectively, with the seven most significant and variationally susceptible cryptos and the comprehensive world uncertainty in measuring the...

Financial shocks represent a major driver of fluctuations in tail risk, defined as the 5th percentile of the forecast distributions of output and inflation. Since the variance and the asymmetry of the forecast distributions are largely driven by the left tail, financial shocks turn out to play a...

There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global forces" are relevant. Three conclusions stand out....

We investigate the risk-return trade-off on the US and European stock markets. We investigate the non-linear risk-return trade-off with a special eye to the tails of the stock returns using quantile regressions. We first consider the US stock market portfolio. We find that the risk-return...

This article considers the relationship between trade intensity, energy consumption, income per capita, and carbon dioxide emissions from 1970-2016 for the Portuguese economy. Considering the arguments of monopolistic competition, the article tests the hypotheses of trade and energy consumption...