to domestic U.S. demand as well as foreign demand for U.S. manufactured goods. We show that, unlike in the Great … Recession, the primary determinant of the U.S. economic contraction in early 2020 was a sharp drop in domestic demand. Although … detrended data for personal consumption expenditures and manufacturing output suggest that the U.S. economy has recovered to …

robustly established that remittances and trust matter for financial development. …

true quite independently of survey evidence about bilateral trust. These findings are obtained in a sample of the 15 …

. It is perfectly excludable. Its (direct) benefits are enjoyed by the club members only. Trust plays a central role in the … type of alliance formation, if any at all. Lack of trust generates transaction costs, which increase with the number of R …

relationship between political trust and fatalities of the Covid-19 pandemic. By performing a cross-country analysis and … controlling for other determinants, we find that government trust is negatively associated with Covid-19 cases and deaths … cases and deaths in countries with high trust in government. We also find evidence that political trust decreases the risk …

scientific research and expertise. We test this hypothesis by examining how exposure to previous epidemics affected trust in … course. Combining data from a 2018 Wellcome Trust survey of more than 75,000 individuals in 138 countries with data on global … reduces trust in scientists and in the benefits of their work. We also illustrate that the decline in trust is driven by the …

diverse individuals lived far apart, have higher-quality government, higher incomes and higher levels of trust. …