The literature on conflict and terrorism has paid little attention to the economic costs of terrorism for the …

political terrorism in the 1970's. The subsequent economic evolution of this 'counterfactual' Basque Country without terrorism … is compared to the actual experience of the Basque Country. We find that, after the outbreak of terrorism, per capita GDP …

We estimate an empirical model of consumption disasters using a new panel data set on personal consumer expenditure for … consumption of about 30%, but that roughly half of this decline is reversed in a subsequent recovery. Uncertainty about … consumption growth increases dramatically during disasters. Our estimated model generates a sizable equity premium from disaster …

the world averages more than 6% per year since 1960 as opposed to 2% per year for consumption growth. Countries such as … people as well as their standard of living. We decompose social welfare growth -- measured in consumption-equivalent (CE …) units -- into contributions from rising population and rising per capita consumption. Because of diminishing marginal …

the presence of fire sales, and how fire sales can reduce productive investment. We conclude by showing how asset fire …

since the 1950s. Growth accelerations tend to be correlated with increases in investment and trade, and with real exchange …

This paper revisits the association between investment and growth. The empirical findings highlight substantial … heterogeneity for the effect of investment on growth and suggest a possible negative association. Results based on a battery of … cross-sectional and time-series regressions show that the link between investment and growth has weakened over time and that …

During the past two decades, there has been a dramatic change in IPO activity around the world. Though vibrant IPO … the U.S. has fallen compared to the rest of the world and U.S. firms go public less than expected based on the economic …

features of the world at present are the low rates of investment and growth in some of the richest countries, whose surpluses … account for about half of the US deficit. The result is that financial capital is flowing out of countries with low investment …