The dynamic causal effect of an intervention on an outcome is of paramount interest to
applied macro-and microeconomics research. However, this question has been generally …

We study the effects of US monetary policy on international mutual fund investment. We
apply a novel variant of the shock identification procedure in Bu et al.(2021) to decompose …

Populism at the country level is at an all-time high, with more than 25 percent of nations
currently governed by populists. How do economies perform under populist leaders? We …

This paper provides evidence on the impact of major epidemics from the past two decades
on income distribution. The pandemics in our sample, even though much smaller in scale …

This paper introduces a comprehensive database of macroprudential policies, which covers
134 countries from January 1990. Using a novel numerical indicator of the tightness of loan …

The term “austerity” indicates a policy of sizeable reduction of govern-ment deficits and
stabilization of government debt achieved by means of spending cuts or tax increases, or …

Recent applied microeconometrics research proposes various difference-in-differences
(DiD) estimators for the problem of dynamic heterogeneous treatment effects. We show that …

Adair Turner became chairman of Britain's Financial Services Authority just as the global
financial crisis struck in 2008, and he played a leading role in redesigning global financial …

This paper unveils a new resource for macroeconomic research: a long-run dataset covering
disaggregated bank credit for 17 advanced economies since 1870. The new data show that …

Central banks increasingly rely on macroprudential measures to manage the financial cycle.
However, the effects of such measures on the core objectives of monetary policy to stabilise …