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provide causal estimates of the effect of U.S. military aid on anti-American terrorism. We find that higher levels of military … aid led to an increased likelihood of the recipient country to produce anti-American terrorism. For our preferred … instrumental-variable specification, doubling U.S. military aid increases the risk of anti-American terrorism by 4.4 percentage …
Persistent link: https://www.econbiz.de/10012828790
We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two … impactful than terrorism. The former had a larger realised impact in all regions in both gross and per-capita terms. The largest … cross-peril difference was in Asia, where natural hazard disasters took 324 million Lifeyears, while terrorism took ten …
Persistent link: https://www.econbiz.de/10014078668
This study examines the effect of religiosity on terrorism by focusing on one of the five pillars of Islam: Ramadan … countries. We argue that this effect partly operates through a decrease in public support for terrorism, which in turn reduces …
Persistent link: https://www.econbiz.de/10012892037
firms that borrowed more increased employment and fixed capital investment, albeit to a lesser degree than before the APP …
Persistent link: https://www.econbiz.de/10013296738
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012829322
Eurozone's specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …
Persistent link: https://www.econbiz.de/10012866042
On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...
Persistent link: https://www.econbiz.de/10013314775
pandemic wave) was associated with declines in consumption (-1.9%), investment (-1.2%), output (-2.4%), and productivity (-1 …
Persistent link: https://www.econbiz.de/10013315008
globalized world has become, again, en vogue among European politicians. The only apparent controversy about the idea revolves …
Persistent link: https://www.econbiz.de/10013316793
We develop a two sector incomplete markets integrated assessment model to analyse the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...
Persistent link: https://www.econbiz.de/10014081044