We develop an economic policy uncertainty (EPU) index for Pakistan in accordance with Baker, Bloom and Davis (2016) by extracting newspaper articles from Websites (i.e., Web-scraping) and we divided this into two indices. The main index, is based on four leading English-language Pakistan...

We develop a news-media textual measure of aggregate economic uncertainty, defined as the fraction of Financial Times articles that contain uncertainty-related keyphrases, at frequencies from daily to annual, from January 1982 to April 2014. We improve on existing similar measures in several...

We develop a news-media textual measure of aggregate economic uncertainty – the fraction of Financial Times articles containing uncertainty-related keyphrases – for 1982–2014 at daily to annual frequencies. We contribute to the literature in three areas. First, we provide a measurement...

Economic Policy Uncertainty is defined as a state wherein the policymakers, or institutions are uncertain about the future course of economic policies owing to a myriad of factors ranging from economic conditions and political tensions to geo-politics. The pioneering work of Baker, Bloom and...

We empirically examine some listed Chinese firms’ political connection, ownership, and financing constraints. Politically-connected firms display no financing constraints whereas firms without connection experience significant constraints. Non-connected family-controlled firms bear greater...

This paper examines the impact of recent financial liberalization in China on the financing constraints of publicly-listed Chinese firms with and without politically-connected CEO/Chairman. Two continuous indices are used to measure the evolution and intensity of financial reforms: a financial...

This paper examines the impact of recent financial liberalization in China on the financing constraints and investment of publicly-listed Chinese firms. Two continuous indices are constructed to measure the evolution and intensity of financial reforms: a financial liberalization index and a...

This paper examines the impact of recent financial liberalization in China on the financing constraints of publicly-listed Chinese firms with and without politically-connected CEO/Chairman. Two continuous indices are used to measure the evolution and intensity of financial reforms: a financial...

Construimos una base de datos de indicadores de incertidumbre de política económica (economic policy indicators: EPU, por sus siglas en inglés) de acceso público basada en la metodología propuesta por Azqueta-Gavaldón, Hirschbühl, Onorante y Saiz (2023), que utiliza técnicas de topic...

The aim of this paper is to investigate the impact of public sentiment on tail risk forecasting. In this framework, we extend the Realized Exponential GARCH model to directly incorporate information from realized volatility measures and exogenous variables. Several indices related to social...