We isolate the direct bank-to-sovereign distress channel within the eurozone's sovereign-bank-loop by exploiting the global, non-eurozone related variation in stock prices. We instrument banking sector stock returns in the eurozone with exposure-weighted stock market returns from non-eurozone...

Applying the Bayesian approach, a small open economy DSGE model was estimated using a sample of quarterly data for a macro-region formed by six Central Europe and Baltic economies: Czech Republic, Estonia, Hungary, Lithuania, Poland, and Slovakia. Estimates have been employed to investigate the...

The objective of this study is to investigate the macroeconomic performance of agriculture sector in various regimes for the year 1950 to 2010 employing ARDL, and ECM. After examining macroeconomic performance of agriculture sector of Pakistan, under alternative political setup that is...

Das Krisenmanagement in der aktuellen zweiten Phase der Pandemie muss neben dem Gesundheitsschutz auch die Entwicklungen im wirtschaftlichen und sozialen Bereich in den Blick nehmen. Dafür sollten die Krisenstäbe in Bund und Ländern ein regelmäßig aktualisiertes und kompaktes "Dashboard"...

This paper investigates the macroeconomic and social determinants of voting behavior, and especially of political polarization, for 20 advanced countries using annual data ranging from 1970 to 2016 and covering 291 parliamentary elections. Using a panel estimation approach and rolling...

Islamic State in Iraq no longer controls territory, but although security is better in Iraq than in recent years, with parliamentary elections being held in May 2018, Iraq faces substantial challenges. This report focuses on three areas of special importance, namely the fragmentation of security...

The effect of corporate diversification on firm performance has been extensively documented in the literature. In the general finance literature, Kuppuswamy and Villalonga (2015) studied the diversification effect during the 2007-2009 financial crisis and found that diversification adds value in...

Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the first oil shock (1973), but accelerated again afterward, reaching levels above 100 percent on average between 1980 and 1994. This last period coincided with severe balance of...

Modern central banks increasingly value monetary policy transparency, and attempt to build credibility by communicating their decisions to the public. This paper studies whether the communication of central banks can be used to explain upcoming changes in their most important monetary policy...

We isolate the direct bank-to-sovereign distress channel within the eurozone's sovereign-bank-loop by exploiting the global, non-eurozone related variation in stock prices. We instrument banking sector stock returns in the eurozone with exposure-weighted stock market returns from non-eurozone...

The objective of this study is to investigate the macroeconomic performance of agriculture sector in various regimes for the year 1950 to 2010 employing ARDL, and ECM. After examining macroeconomic performance of agriculture sector of Pakistan, under alternative political setup that is...

Applying the Bayesian approach, a small open economy DSGE model was estimated using a sample of quarterly data for a macro-region formed by six Central Europe and Baltic economies: Czech Republic, Estonia, Hungary, Lithuania, Poland, and Slovakia. Estimates have been employed to investigate the...