We examine the explanatory power of a political-business cycle theory in which governments practice short-run policy to lessen the impact of exogenous shocks. Governments have ideological objectives with respect to macroeconomic performance, but are constrained by an augmented Phillips curve....

We examine the explanatory power of a political-business cycle theory in which governments practice short-run policy to lessen the impact of exogenous shocks. Governments have ideological objectives with respect to macroeconomic performance, but are constrained by an augmented Phillips curve....

Machine generated contents note: Part I Disparate Treatment -- 2 Gender and Race Discrimination in Retail Car -- Negotiations (with Peter Siegelman) -- 3 Toward Causal Explanation -- 4 Discrimination in Consummated Transactions -- 5 Legal Implications -- Part II Disparate Impact -- 6 Unequal...

Using the daily data covering both the first and second wave of COVID-19 pandemic over the period from March 3, 2020, to February 12, 2021, this study documents a strong positive comovement between implied volatility indices and two proxies of the COVID-19 fear. However, in all the cases, the...

This paper investigates the effect of economic policy uncertainty in the United States on stock market performance in the European Union, Croatia, Norway, Russia, Switzerland, Turkey and Ukraine. The analyses of monthly returns on the major stock market indices in these countries from 1985:2 to...