NEW PUBLICATION: Using data from around 100 countries between 1995 and 2019, we examine the impact of climate vulnerability on fiscal risk. We also explore the transmission channels…
Recently, new research published in the Journal of International Economics shows that the Nickell bias affect panel local projections even when the lagged term for the dependent variable…
Truly honored to have written a joint research with Joshua Aizenman titled Openness and Comparative Advantages: Asian Successes and Failures. The paper will be presented by Joshua Aizenman…
Israel’s economy is now 7% below its pre-war trend. Unlike the COVID-19 recession, this time there is no quick rebound. The plucking model fails under conflict, where instability…
In this blog, I update a previous blog of mine using an orthogonalized version of the religious tension variable coming from the international country risk guide (ICRG). Orthogonalization…
NEW PUBLICATION: We investigate the resilience of CESEE countries during ECB monetary cycles after the entrance of ten countries to the EU in 2004. Undeniably, these countries have…
During the 27th INFER conference, I had the chance to present a recent paper on the impact of climate vulnerability on fiscal risks. In this paper, we show…
I am delighted to announce that I will be in Montpellier in two weeks for the 30th IDPC. This International Conference is organized by the Université de Montpellier. The…
During the 4th CINSC / 2025 conference in Edinburgh, I presented my joint research written with Joshua Aizenman: Aizenman, J., & Saadaoui, J. (2024). How Institutions Interact with Exchange…
In our recent update working paper, Impact of Climate Vulnerability on Fiscal Risk: Do Political Stability and Financial Development Matter?, written with John Beirne, Donghyun Park, and Gazi…
For an ongoing project on economic recoveries with Joshua Aizenman, Hiro Ito, Donghyun Park, and Gazi Salah Uddin, I have to make a graph to explain how we…
Allow me to share the following piece, written by Jared Rubin, about the complex links between religion, development, and growth: https://www.broadstreet.blog/p/religion-and-development When I finished my PhD in 2012,…
In this post, I will clarify the interpretation of triple interaction term in Stata. I will leverage a previous blog that clarifies the use of lincom, nlcom, and…
In this post, I will show how to use some postestimation tools in Stata to test linear combination of coefficients with interactions terms between two continuous variables. I…
Really happy to announce that our paper, written with Hugo Oriola, “How do geopolitical interests affect financial markets reaction to international institution projects?” has been accepted for presentation…
In a series of previous blogs on the impact of climate risks on the fiscal space, I present some features of our ADB working paper written with John…
NEW PUBLICATION: This research provides novel empirical evidence about the exchange rate reaction to international organization loans and geopolitical preferences using an unbalanced panel of 153 countries observed…
In a few days, Alfonso Ugarte from BBVA will release an updated version of his package LOCPROJ. In this new version, the LPGRAPH command has been greatly improved…
In a previous blog, I covered the estimation of state-dependent local projection using LOCPROJ. The impact of random shocks of change in vulnerability affects positively the sovereign bond…
In this blog, I will show how to estimate Panel VAR with the new command xtvar introduced in StataNow. The dataset comes from a paper of mine on…
During the next week, I will present my paper on the Impact of Climate Risk on Fiscal Space during the Second edition of the International Conference on the…
In the last version of my working paper on the impact of climate risk on fiscal space, we use Joyplots to visualize the distribution of the ND-GAINS vulnerability…
A few days ago, I read the Country Risk Annual Report made by BBVA research and Alfonso Ugarte and David Sarasa Flores, in particular. On the slide 26,…
In my second SUERF policy brief, written with Joshua Aizenman, you will learn about how CESEE countries get back to the fast track: https://www.suerf.org/publications/suerf-policy-notes-and-briefs/how-can-central-eastern-and-southeastern-europe-cesee-countries-get-back-on-the-fast-track Our empirical results identify…
Our NBER working paper has been cited on the website of Christopher McKee, PhD, the CEO of the PRS (Political Risk Services) Group. Comments and remarks are welcome,…
Tomorrow, Friday 29 November, I will be very pleased to chair the “Climate-related risks” session during the 14th JT of the French Association of Environmental and Resources Economists: https://jt-faere-epr24.sciencesconf.org/.…
Allow me to share my second ADB blog written by John Beirne, Donghyun Park and Gazi Salah Uddin. Based on our recent joint ADB Economics working paper: Climate…
NEW WORKING PAPER: This research provides novel empirical evidence about the exchange rate reaction to international organization loans and geopolitical preferences using an unbalanced panel of 153 countries…
Very honored to contribute my fifth guest blog post on Econbrowser. I am deeply grateful to Menzie Chinn. Remarks and comments are welcome, as always: https://econbrowser.com/. The other posts…
Allow me to share that I published my second working paper for the Asian Development Bank: Impact of Climate Risk on Fiscal Space: Do Political Stability and Financial…
It is a delight to present our NBER paper, co-authored with Joshua Aizenman, in the DG-E research seminar of the European Central Bank on Thursday, November 21, 2024.…
Our recent publication, written with Joshua Aizenman, Donghyun Park, Gazi Salah Uddin and Irfan Qureshi, is covered in the blog Ideas for India: As the US dollar and…
Very honored to contribute my fourth guest blog post on Econbrowser. I am deeply grateful to Menzie Chinn. The recent literature establishes that climate risk reduces the fiscal space,…
NEW WORKING PAPER: We investigate the resilience of CESEE countries during ECB monetary cycles after the entrance of ten countries to the EU in 2004. Undeniably, these countries…
In our new working paper, written with John Beirne, Donghyun Park, and Gazi Salah Uddin, we find that political stability together with financial development matter for the negative…
NEW WORKING PAPER: We analyze the relationship between climate risk and fiscal space in a more systematic and rigorous way. To do so, we use panel local projections…
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