This paper estimates the treatment effect of inflation targeting on macroeconomic variables using a semiparametric single index method by taking into account the model misspecification of parametric propensity scores. Our study uses a broader set of preconditions for inflation targeting and...

We examine the treatment effects of joining the European monetary union on macroeconomic outcomes in the member countries. Specifically, we apply propensity score analysis to mitigate the self-selection bias associated with the non-random nature of joining the union. The findings suggest joining...

The rapid spread of the COVID-19 pandemic and the prescribed countermeasures of restrictions to mobility and social distancing are disrupting economic activity around the world. This applies to legal economic activity but also to criminal behavior and illegal activity. In this study, we...