others (by less). Conversely, a sell-off of foreign government holdings of U.S. safe assets could be tremendously costly for … order to avoid just one year of a typical annual decline in foreign holdings of the safe asset. By contrast, middle …

risk by relating a government's decision to tax foreign investors to distributional interests in the host country … country-specific technology shocks, it is shown that the political risk for foreign investors is prohibitive if the host …

This paper studies how innovation reacts to foreign political risk and shapes its economic consequences. In a model … with foreign political shocks that can disrupt the supply of foreign inputs, we show that greater political risk abroad …-level technology development with time-varying measures of industry-level exposure to foreign political risk and report three sets of …