How nonfinancial sector affects the financial system has not been fully studied in the
literature. Using data on 327 listed companies over the period 2007–2016, we extend the …

In recent decades, an increasing divide in political ideologies between Republicans and
Democrats has had a notable impact on financial markets. In this paper, we investigate the …

Using US county-level data, this paper finds a significant negative impact of state political
uncertainty on local house price growth. A unit increase in state political uncertainty is …

This paper explores how US political uncertainty, stemming from partisan conflict, affects UK
households' access to bank credit. Using data from a unique UK survey database and the …

We estimate a structural vector auto-regression (SVAR) model to gauge the economic
implications of changes in US elections odds through the lens of financial markets. We find …

Politicians disagree about fiscal policy. This disagreement should have economic effects
beyond the effects of government spending and taxation. We use the full set of speeches in …