During crises, governments resort to extraordinary fiscal and financial measures to mitigate the recessionary impacts of crises. These macroeconomic intervention measures along with aggregate demand and supply shocks and policy choices would affect the exporting environment of a country through...

Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...

Climate negotiations have largely failed, so a change of course is required. This requires that a sizable group of experts recommend a small, clear set of policy guideposts that lead to a more cooperative treaty. This papers proposes a set of three guideposts and derives them from an analysis of...

Oil price shocks impact the global economy, but the effects are not alike across the countries. While higher oil prices are beneficial to oil-exporting countries, they are harmful to economic performance of oil-importing countries. The opposite is also true for the lower oil prices. Nonetheless,...

Oil price shocks impact the global economy, but the effects are not alike across the countries. While higher oil prices are beneficial to oil-exporting countries, they are harmful to economic performance of oil-importing countries. The opposite is also true for the lower oil prices. Nonetheless,...

This paper assesses the landmark Tax Cuts and Jobs Act (TCJA), from the perspective of both the U.S. itself and the wider world. The reform has many positive aspects including steps to broaden the base of, and reduce marginal rates under, the personal income tax (PIT), reduce distortions to...

Much has been written about the outsourcing phenomenon. Most authors have attempted to measure and/or minimize its effects or show that “in the long run” the benefits will outweigh the costs. Many authors have described the best way to manage the outsourcing process. But what is the morality...

The paper aims to evaluate the effect of exogenous variables and phenomena on the relation between P/E ratio and its determinants by researching stock market data from the period of recovery after the last big economic crisis from 2008-2010. This is done in an attempt to generate useful insights...

This paper contributes to the policy discussion on COVID-19 by presenting evidence on firms’ perceived shock in the immediate aftermath of the pandemic outbreak, and exploring heterogeneities in the associated disruption of longer-run R&D choices. We take advantage of unique panel data on...

Post-soviet countries still experience economic challenges following the painful transition process and the global financial crisis. Especially, resource-rich countries experience it in a higher magnitude because of the distinguished role of the mineral revenue in the macroeconomic stability....