. The MP links significantly amplified the impact of these shocks on the rest of the world, which had a much greater impact …

We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world … outbreak. We predict the cumulative loss in world output one year after the uncertainty shock due to Covid-19 to be about 14% …

Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics … model links impatience to voters' appraisals of an income shock due to globalization that is associated with short-run costs … and delayed gains. The model shows that impatient individuals may reject further globalization if they are subject to …

distinct impact of financial integration and globalization on several dimensions of real activity. We find that: (a) financial … financial integration predict better growth prospects; (c) both advances in financial integration and globalization are … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …

This paper develops a novel theory of capital mis-allocation within firms that stems from managers’ empire building and … divisions, thereby lowering the conglomerate discount. The theory can explain why exporters exhibit a lower conglomerate …

.0 percent of world population, implying 150 million deaths when applied to current population. Regressions with annual …