In: List Forum für Wirtschafts- und Finanzpolitik, 2021, vol. 46, no. 3, p. 359-377
Although COVID-19 pandemic has so far been assumed to have recessivedeflationary consequences due to the dramatic deterioration of economic forecasts worldwide, inflation risks cannot be excluded. What effects might result from the combination of billion-high liquidity injections and high decline in production levels as well as strict (and costly) security and protection requirements? And why...
|
In: Journal of economic behavior and organization, 2021, vol. 182, no. February, p. 12 p
Stress is associated with sleep problems and poor sleep is linked to mental health and depression symptoms. The stress associated with immigrant status and immigration policy can directly affect mental health. While previous studies have documented the significant relationship between immigration policy and the physical and mental health of immigrants, we know little about the effects of...
|
In: Información Comercial Española, 2019, no. 909, p. 23-35
This contribution identifies the main recent patterns affecting the international investment policy landscape. It reflects the main developments and challenges that call for reforms at national and international levels and comprises three parts. The first part is dedicated to national investment policies promoting or restricting international investments. The second covers the developments...
|
In: Economics and Business Review, 2019, vol. 5, no. 3, p. 16-34
The concept of competitiveness has been addressed by economic theorists and policy makers for several hundreds of years, with both groups trying to understand the drivers of economic prosperity and social welfare. This contribution does not aim to address all theoretical thoughts that may contribute to understanding the roots of the competitiveness of locations. The goal is to address the...
|
(Working Papers SES ; 524)
This paper examines how investors perceive business group membership in Korea during the COVID-19 pandemic. Stock price performance analysis reveals evidence of a time-varying and heterogeneous value of affiliation: investors discount business group affiliation during a market collapse, but are willing to pay a premium for affiliation during market recovery. Overall, this pattern is more...
|
The adoption of labor-replacing technologies has already displaced thousands of workers in the US. In this paper, I analyze how the adverse effects of the implementation of robots in firms’ production processes are spreading among the population and how they are shaping the composition of labor markets. Exploiting exogenous variation in robot exposure across local labor markets and over time,...
|
In: European Journal of Political Economy, 2021, vol. 67, p. 19 p
Natural disasters are good examples of catastrophic events that may affect vote decisions. In this study, we analyze how the occurrence of earthquakes changes voters' behavior at municipal elections and which channels drive this change, focusing in particular on the role of media exposure. We exploit data from 13,338 municipal electoral cycles where incumbents seek reelection between 1993 and...
|
In: Iberian Journal of the History of Economic Thought, 2015, vol. 2, no. 1, p. 48-60
In this paper we analyze Augusto Graziani’s numerous contributions to the monetary theory of production, which he developed from a theoretical but also a policy-oriented perspective. We focus on the rejection of the neoclassical dichotomy, the causal relation between production and money creation, and the definition of macroeconomic saving. These three dimensions of Graziani’s work can be...
|
In: Review of Keynesian Economics, 2018, vol. 6, no. 4, p. 533-544
The ‘natural rate of unemployment’ was not an important part of Friedman’s presidential address, although it is what the paper is remembered for. On the 50th anniversary of the paper, we argue that there is no ‘natural rate of unemployment’, and that the relation between inflation and unemployment is not the one assumed by Friedman or neoclassical theory. In Section 2 we present the...
|
The implementation of a lockdown to control the Covid-19 pandemic has led to a strong debate in several countries. This makes it crucial to shed light on the actual benefits of such kind of policy. To this purpose, we focus on the Swiss lockdown during the first wave of Covid-19 infections and estimate the number of potentially saved lives. To predict the number of deaths in absence of any...
|