Category: Working Paper
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Impact of Supply Chain Disruptions on Financial Leverage
NEW WORKING PAPER: This study investigates the impact of supply disruptions on financial leverage (debt-equity ratio) in the U.S. economy from 1998:Q1 to 2024:Q1. The study…
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U.S. Partisan Conflict, Sino-U.S. Political Relation News, and Oil Market Dynamics
NEW WORKING PAPER: Recent increasing partisan conflicts in the US strain the relationship between the US and China, leading to a decrease in oil demand and…
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How do geopolitical interests affect financial markets reaction to international institution projects?
NEW WORKING PAPER: This research investigates the intricate dynamics between the catalytic effect of projects financed by international institutions and geopolitical interests. Through the construction of…
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Artificial Intelligence and the Skill Premium (NBER WP)
NEW WORKING PAPER: How will the emergence of ChatGPT and other forms of artificial intelligence (AI) affect the skill premium? To address this question, we propose…
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Artificial Intelligence and the Skill Premium (IZA DP)
NEW WORKING PAPER: How will the emergence of ChatGPT and other forms of artificial intelligence (AI) affect the skill premium? To address this question, we propose…
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The Performance of Emerging Markets During The Fed’s Easing and Tightening Cycles: A Cross-Country Resilience Analysis
“A rising tide floats all boats… Only when the tide goes out do you discover who’s been swimming naked.” The role of institution quality may be…
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Guest Contribution in Econbrowser: “Monetary Policy Reaction to Geopolitical Risks: Some Nonlinear Evidence”
Very honored to contribute my second guest blog post on Econbrowser, written this time, with William Ginn. I am deeply grateful to Menzie Chinn. Remarks and comments…
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How do geopolitical risk shocks impact monetary policy?
NEW WORKING PAPER: How do geopolitical risk shocks impact monetary policy? Based on a panel of 20 economies, we develop and estimate an augmented panel Taylor…
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Leçon doctorale à l’école doctorale Augustin Cournot (ED 221) — Université de Strasbourg
Le lundi 12 février prochain, j’aurai le grand plaisir d’animer une leçon doctorale à l’école doctorale Augustin Cournot (ED 221) — Université de Strasbourg. Risques géopolitiques,…
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Buffer effects of international reserves holding in Africa
NEW WORKING PAPER: The paper adds to the literature on the issue of public debt in African economies, by investigating the role foreign exchange reserves play…
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Artificial intelligence and the skill premium
NEW WORKING PAPER: What will likely be the effect of the emergence of ChatGPT and other forms of artificial intelligence (AI) on the skill premium? To…
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Guest Contribution in Econbrowser: “How Political Tensions and Geopolitical Risks Impact Oil Prices”
Very honored to contribute my first guest blog post on Econbrowser. I am deeply grateful to Menzie Chinn. Remarks and comments are welcome, as always: https://econbrowser.com/
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How Political Tensions and Geopolitical Risks Impact Oil Prices?
NEW WORKING PAPER: This paper assesses the effect of US-China political relationships and geopolitical risks on oil prices. To this end, we consider two quantitative measures…
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Is Quantitative Easing Productive? The Role of Bank Lending in the Monetary Transmission Process
NEW WORKING PAPER: The European Central Bank’s (ECB) quantitative easing (QE) program was supposed to stimulate the real economy and be able to control inflation rates.…
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On the Effectiveness of Foreign Exchange Reserves During the 2021-22 U.S. Monetary Tightening Cycle
NEW WORKING PAPER: This paper examines the role of foreign exchange (FX) reserves and other fundamental factors in explaining cross-country differences in foreign currency depreciation observed…
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Real Exchange Rate and International Reserves in the Era of Financial Integration
NEW WORKING PAPER: The global financial crisis has brought increased attention to the consequences of international reserves holdings. In an era of high financial integration, we…
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The Political Relation and Trade – The Case of US, China and Australia
NEW WORKING PAPER: This paper employs structural vector autoregression and local projection methods to examine the impacts of the deterioration in US-China political relations on Australia-China…
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Assessing the Impacts of US-China Tensions on the Oil Market
NEW WORKING PAPER: This paper aims at assessing the effects of US-China political tensions on the oil market. Relying on a quantitative measure of these relationships,…
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Assessing debt stationarity and sustainability in the longer run
NEW WORKING PAPER: Thanks to various Fourier DF unit root tests, time-varying fiscal reaction functions and threshold regressions, this study examines the stationarity and the sustainability…
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Fourier DF unit root test for R&D intensity of G7 countries
NEW WORKING PAPER: According to the Schumpeterian endogenous growth theory, the efficacy of R&D is lowered by the proliferation of products. To be consistent with empirical…
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Bank credit and economic growth in ASEAN
NEW WORKING PAPER: While it is widely recognized that the development of a sound financial system may contribute to foster economic growth, the relation between economic…
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Towards a more resilient EU after the COVID-19 crisis
We’re supposed to be living in an era where human beings have become the dominant influence on the environment, but COVID-19 has revealed the fragility of our societies…
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On money demand in Vietnam
The demand for money is likely to depend upon the exchange rate in addition to the interest rate and the level of income; this would slightly…