We examine the effects of World Uncertainty and Geopolitical Risk on Trade flows for 31 European economies between 1995 …

our findings in the framework of a theoretical model in which risk affects the size of the social sector and in which …

This paper studies the effects of globalization on the ability of governments to generate tax revenues for the … size and factor abundance. It then draws on existing empirical evidence to outline the effects of globalization on capital …

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%. …

the world output loss that materialized during the great recession would have been 13% lower in absence of GFU shocks. We … after GFU shocks, the larger the world output contraction is. …

This study examines the effects of geopolitical risk and global uncertainty on energy prices, conditioned by different …

The world economy has become more and more globalized as firms have organized production along global value chains. But … more recently, globalization has stalled. This paper shows that higher uncertainty, in combination with better automation … developing world. Moreover, we show that results are robust to the main threats to identification related to shift …

Recent theoretical work shows that precautionary savings increase in response to an increase in first-order risk. In … that an immigrant will increase his remittances in response to a first-order risk decrease in future income. Using changes … in the size and generosity of the welfare state as a measure of changes in future income risk, we empirically test the …

According to many observers, the world is currently getting riskier along many of its dimensions. In this paper we … background or insured risks. (ii) Full risk coverage by the welfare state can only be optimal in a costless welfare state. (iii …