, covariance with the world market or other risk factors, or performance in adverse economic states of the world. While there is …

, Europe and Japan allowing for fiscal multipliers to vary across recessions and booms. We also estimate ex ante probabilities …

Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic shocks (risk-sharing) and 13-24 percent of …

.S., Canada, Australia and Germany. It finds that, as for central governments, fiscal fundamentals matter in the pricing of risk …

States, and the European Social Survey (ESS) for Europe. Our analysis for the United States exploits variation across states …

Using data on commercial banks in the United States and Europe, this paper analyses the impact of the new Basel III … Europe over the post-2008 financial crisis period. Additionally, liquidity indicators have positive but perverse effects on …

, Europe, and China reduces economic activity in the rest of the world, with the effects being mostly felt in Europe and the …High levels of economic policy uncertainty in various parts of the world revamped the de- bate about its impact on …, using local projections, the paper zooms in on shocks originating in the United States, Europe, and China. Our results …