We investigate the international shock propagation of the US quality of political signals (USQPOLS) to developed and emerging economies. We find an immediate rise in the real GDP of the developed economies as a result of a unit shock to USQPOLS. However, the shock effect only becomes significant...

In this paper, we investigate the connection between global economic contraction using two different measures, and the return volatility of gold while the GARCH-MIDAS framework is utilized. The utilization of this framework is hinged on its accommodation of data in different frequencies in the...