In this study, we focus on the effect of commodity price uncertainty on the cost of bank credit for a broad sample of loans traced to firms operating in developing and advanced economies. Using loan level data for the 1990-2019 period, we find novel evidence that commodity price uncertainty, as...

We estimate a global commodity uncertainty factor by capturing comovement in volatilities of major commodity markets through a group-specific Dynamic Factor Model. Then, by computing impulse response functions using a Structural VAR model, we find that an increase in the common commodity price...

People typically do not acquire new information about the facts of the economy through consulting official statistics; they read or listen to media-type reports on the economy where the facts are packaged in a story. This paper tests with an experiment whether the explanatory style used in such...

The Greek economy has so far failed to shift its production structure towards more complex, high value-added activities incorporating knowledge-intensive practices. Greece lacks a systemic “activating knowledge” dimension. Given the country’s low performance in innovation and knowledge...