We use narrative monetary policy shocks and local projections to estimate the impact of monetary policy on consumption and investment. We use granular data to investigate how the response varies across consumption categories, investment types, and sectors. Our findings indicate that both...

Improving the energy efficiency of the residential housing sector represents a key challenge in meeting Ireland's carbon reduction targets. While challenges exist across the sector in terms of incentivising upgrades, these difficulties are more pronounced in the rental sector, which suffers from...

Mit der Neuordnung der internationalen Lieferketten hat Mexiko als Standort für neue Auslandsinvestitionen an Bedeutung gewonnen. Das Land konnte vom Nearshoring profitieren, das heißt von der Verlagerung von Dienstleistungen oder Produktionsprozessen in die Nähe der Konsumentenmärkte. Damit...

We study firm responses to local policies through a survey experiment, providing randomized information on the competitiveness of business tax rates and highway access in their headquarters’ municipality. Firms often misperceive local policy competitiveness, especially for tax rates....

Purpose - The literature on financing constraints in emerging markets is still under-researched and is often described as a "black box." This study aims to shed light on this underexplored area for emerging economies. Specifically, it attempts to understand the phenomenon of financing...

Purpose - This study examines the effect of external debt and domestic capital formation on economic development in Sub-Saharan African (SSA) economies. Design/methodology/approach - Using the Dynamic Common Correlation Effects (DCCE) technique and the Driscoll and Kraay fixed-effect technique,...

This paper explores the effect of road rehabilitation on violent conflict using a novel, rich dataset of road rehabilitation projects in the Democratic Republic of Congo. The country received massive external investments in transport infrastructure rehabilitation under conditions of endemic...

In spring 2024, the World Bank Group and the African Development Bank launched an ambitious effort to connect 300 million people in Africa with electricity access by 2030. The subsequent M300 Africa Energy Summit held in January in Dar es Salaam, Tanzania, was a landmark gathering focused on...

An increase in the dividend tax on shares of Swedish closely-held corporations, scheduled for January 1, 2018, was canceled at short notice. In a difference-in-difference setting, we examine how firms reacted to the canceled reform. We find that dividends payments increased in 2016 and 2017 and...

Mit der Neuordnung der internationalen Lieferketten hat Mexiko als Standort für neue Auslandsinvestitionen an Bedeutung gewonnen. Das Land konnte vom Nearshoring profitieren, das heißt von der Verlagerung von Dienstleistungen oder Produktionsprozessen in die Nähe der Konsumentenmärkte. Damit...

The WTO Investment Facilitation for Development Agreement (IFDA) offers significant development perspectives by speeding up and streamlining administrative procedures and reducing transaction costs. Domestic regulatory reforms, combined with comprehensive special-and-differential treatment as...

In this article, we evaluate the relationship between quality investing combined with Economic Moat, ESG (Environmental, Social and Governance) and analyst opinions over the period 2014-2020 based on a data set comprising 803 US stocks. Performance is evaluated using several metrics (returns and...

This paper examines the effect of macroprudential policies on private domestic investment using a panel of 87 developing countries from 2000 to 2017. Our instrumental variables strategy exploits the geographic diffusion of macroprudential policies across countries, with the idea that reforms in...

How does rational inattention interact with financial frictions? I provide new empirical evidence from survey data suggesting that this interaction likely plays a critical role in understanding macroeconomic dynamics. In a simple model, I demonstrate that financially constrained firms tend to be...