I study spillovers of US monetary policy to the rest of the world, as well as spillbacks to the US economy in an empirical multi-country model over time. Within the multilateral framework, I distinguish the bilateral effect from the network effects that arise from interactions among recipient...

This paper investigates the spillover effects of financial stress at different quantiles across the US, China, Eurozone, Japan, UK, and India. The findings suggest significant spillover effects among the six countries (regions), and the spillovers in extreme markets is apparently higher than...

We investigate if all European IBOR rates are similarly susceptibile to turbulence as LIBOR rates. We also analyze systemic risk spillovers between different IBOR rates in Europe and between these rates and the studied banking systems between 2006 and now. We employ a set of innovations in...

Based on the TGVAR framework, this study examines the asymmetrical global spillover effects in the major areas and countries. Our analysis makes the case that the asymmetries in monetary policy are primarily caused by heterogeneity in monetary policy tool shocks, regional and macroeconomic...

This article investigates the spillovers from uncertainty in climate policy (henceforth CUPI) on the returns and volatility of top global financial markets (Australia, France, England, Germany, Hong Kong, Brazil, Indonesia, South Korea, Mexico, India, Japan, and the United States and Canada) by...

Using a difference-in-differences (DiD) setting that leverages the staggered adoption of R&D tax credits across the U.S. states, we show that after a firm receives the tax credits, products of its peers become significantly more similar to the recipient firm. Such product convergence is...

We set up a DSGE model to study the macroeconomic consequences of a foreign central bank digital currency (CBDC) available to residents in a small open economy. We find that a gradual and permanent increase in the domestic households' preferences toward the foreign CBDC is recessionary,...

This study empirically examines the spillovers from global uncertainties to the sectoral indices of the Pakistan stock market (PSX). Furthermore, we select three major sectoral indices, i.e., the energy, financial, and material composite indices. These indices represent a massive capital volume...

This paper investigates international monetary spillovers to stock prices in Bangladesh, a frontier market that has been excluded from prior studies in the literature. Using daily stock price data for over 300 publicly traded firms in a high frequency framework, we find that contractionary...

Using the VC industry as a laboratory, we investigate whether incidental in-person interactions between people working in close proximity facilitate their future collaboration on projects of significant economic value. Our analysis exploits urban topological features surrounding VC fund offices...