A series of studies show that unions and works councils have an influence on workers' political activities and attitudes. However, at issue are the transmission channels through which worker representation impacts workers' political activities and attitudes. This article discusses from a...

This paper explores the global economic and climate spillovers of the European Union Emissions Trading System (EU ETS), leveraging exogenous variations in carbon prices identified through a carbon policy surprise series. Findings reveal that higher EU carbon prices lead to significant and...

This study examines the dynamic interconnectedness of economic policy uncertainty (EPU) among Latin American economies - Brazil, Chile, Colombia, and Mexico - and significant international regions, including the United States, Europe, and Japan, as well as a global EPU index. Using a...

A series of studies show that unions and works councils have an influence on workers' political activities and attitudes. However, at issue are the transmission channels through which worker representation impacts workers' political activities and attitudes. This article discusses from a...

We examine spillovers from ECB's TLTROs on European countries outside the euro area. Using individual banks' balance sheet data, we find that TLTROs lowered funding and lending rates for foreign-owned subsidiaries, especially in emerging market economies. We also find an increase in...

This paper investigates the global economic spillovers emanating from G20 emerging markets (G20-EMs), with a particular emphasis on the comparative influence of China. Employing a Bayesian Global Vector Autoregression (GVAR) model, we assess the impacts of both demand-side and supply-side shocks...

European electricity markets are in the midst of unprecedented changes-caused by Russia's invasion of Ukraine and the rise of renewable sources of energy. Using high-frequency data, this paper investigates volatility spillovers across 24 countries in the European Union (EU) during the period...

The performance of firms involved in projects from 2 UK research councils was investigated; firms in Innovate UK projects receive co-funding while firms in Arts & Humanities Research Council (AHRC) projects do not. Firms in 266 projects 2009-2012 were tracked for Standard Industrial Code (SIC),...

The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model calibrated to the euro area. Subsidies can stabilize the domestic economy, but they are fiscally costly and generate...

The primary objective of this study is to explore the dynamic relationships between equity returns or volatility and sentiment factors in European markets during both the periods preceding the COVID-19 pandemic, the COVID-19 itself, and the Russia-Ukraine war. We achieve this by applying the...

Purpose - This paper explores the impact of South Korea's partner countries' intellectual property rights protection (IPRP) level on South Korea's trade dynamics and its GVC participation. Design/methodology/approach - Through a literature review and an empirical analysis based on two models,...

Purpose - Based on the premise that young adults, as knowledge workers, are overstimulated by a constant bombardment of information from digital channels like social media, this paper aims to explore how the information overload, largely redundant and noisy, extracts cognitive resources from the...

The dominant role of the US dollar as a global currency allows the Federal Reserve's monetary policy to significantly influence economic and financial dynamics in other countries through mechanisms such as exchange rates, interest rates, and capital flows. This paper examines how shifts in the...

To study the distribution of economic activity across space and place-based policies, I develop a model of the location choice of new establishments incorporating monopsonistic labor markets, taxes, and spillovers. Estimates using German administrative data indicate that establishments prefer...

Inflation rate is considered undesirable in the modern globalized world due to its adverse and long-lasting impacts. The Kingdom of Saudi Arabia (KSA, hereafter) has also experienced inflationary pressure during the last few years, specifically post-COVID-19. However, the empirical literature on...

Global uncertainty and the COVID-19 pandemic have significantly impacted the integration of emerging economies into global financial markets. Post-pandemic, the Federal Reserve's interest rate hikes have drawn investor attention to relatively independent and stable currencies. This study...

This paper develops a framework to analyze partial population experiments, a generalization of the cluster experimental design where clusters are assigned to different treatment intensities. The framework allows for heterogeneity in cluster sizes and outcome distributions. The paper studies the...

This study analyzes the direct effects and local spillovers of a low-cost multifaceted economic inclusion program through a randomized controlled trial in Chad. The intervention included group savings promotion, micro-entrepreneurship training, and a lump-sum cash grant delivered to poor female...