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War and military expenditure in developing countries and their consequences for development
Collier, Paul - In: The Economics of peace and security journal : Eps journal 1 (2006) 1, pp. 10-13
Persistent link: https://www.econbiz.de/10008649078
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Temperature, Aggregate Risk, and Expected Returns
Bansal, Ravi - 2011
In this paper we show that temperature is an aggregate risk factor that adversely affects economic growth. Our argument … temperature (i.e., temperature betas) contains sharp information about the cross-country risk premium; countries closer to the … Equator carry a positive temperature risk premium which decreases as one moves farther away from the Equator. The differences …
Persistent link: https://www.econbiz.de/10013118834
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Risk, Volatility, and the Global Cross-Section of Growth Rates
Burnside, A. Craig - 2010
We reconsider the empirical links between volatility and growth between 1970 and 2007. There is a strong and significant correlation between individual country growth rates and global factors that are arguably exogenous with respect to their economies. The amount of volatility driven by these...
Persistent link: https://www.econbiz.de/10013151388
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Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments
Baker, Scott R. - 2014
A growing body of evidence suggests that uncertainty is counter cyclical, rising sharply in recessions and falling in booms. But what is the causal relationship between uncertainty and growth? To identify this we construct cross country panel data on stock market levels and volatility as proxies...
Persistent link: https://www.econbiz.de/10013062729
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Climate Change and Growth Risks
Bansal, Ravi - 2017
accounts for the interaction between temperature, economic growth and risk. The model simultaneously matches the projected … temperature path, the observed consumption growth dynamics, discount rates provided by the risk-free rate and equity market …
Persistent link: https://www.econbiz.de/10012966590
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Uncertainty and Growth Disasters
Jovanovic, Boyan; Ma, Sai - 2022
This paper documents several facts on the real effects of economic uncertainty. First, higher uncertainty is associated with a more dispersed distribution of output growth. Second, the relation is highly asymmetric: A rise in uncertainty is associated with a sharp decline in the lower tail of...
Persistent link: https://www.econbiz.de/10014091106
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Policy Evaluation in Uncertain Economic Environments
Brock, William A.; Durlauf, Steven N.; West, Kenneth D. - 2021
This paper develops a decision-theoretic approach to policy analysis. We argue that policy evaluation should be conducted on the basis of two factors: the policymaker's preferences, and the conditional distribution of the outcomes of interest given a policy and available information. From this...
Persistent link: https://www.econbiz.de/10013226952
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The economics of peace and war in the Chinese military classics
McCaffrey, Matthew - In: The Economics of peace and security journal : Eps journal 10 (2015) 1, pp. 23-31
Persistent link: https://www.econbiz.de/10010529313
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Data Gaps and the Policy Response to the Novel Coronavirus
Stock, James H. - 2020
This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...
Persistent link: https://www.econbiz.de/10012838354
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Nation Building Through Foreign Intervention : Evidence from Discontinuities in Military Strategies
Dell, Melissa - 2016
This study uses discontinuities in U.S. strategies employed during the Vietnam War to estimate their causal impacts. It …
Persistent link: https://www.econbiz.de/10012987131