Monetary policy transmission may be impaired if banks rebalance their portfolios towards securities. We identify the bank lending and risk-taking channels of monetary policy by exploiting – Italian's unique – credit and security registers. In crisis times, with higher ECB liquidity, less...

To what extent do mass media outlets influence viewers' trust in scientific evidence and compliance with behavior recommended by scientific experts? Exploiting the US lock-down period of the COVID-19 pandemic in early 2020, we analyze a large longitudinal database that combines daily...

We test for and measure the effects of cable news in the US on regional differences in compliance with recommendations by health experts to practice social distancing during the early stages of the COVID-19 pandemic. We use a quasi-experimental design to estimate the causal effect of Fox News...