The COVID-19 crisis may have widely and permanently altered the labor market through the demand for skills. Crises tend …

We analyze output growth risk with respect to financial conditions across U.S. manufacturing industries. Using a multi …-level quantile regression approach, we find strong heterogeneity in growth risk, particularly between the more vulnerable durable …

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …

Most stock exchange regulators around the world reacted to the 2007-2009 crisis byimposing bans or regulatory …

capturing jump contagion for risk management, option pricing, and scenario analysis. …

association in times of growth and recession. We develop a novel decomposition method that focuses on isolating the roles played … decompose the changes in IRHI while focusing on possible effects of the 2008 financial crisis. We find that such inequalities …

a recession to those born in the preceding boom, and we estimate duration models where the individual's mortality rate …