This paper assesses the impact of immigration to Western Europe on the exposure of native-born workers to economic and health risks created by the COVID-19 pandemic. Using various measures of occupational risks, it first shows that immigrant workers, especially those coming from lower-income...

Turkey has moved rapidly from a current account that was relatively in balance up to the turn of the millennia, to sustaining relatively large current account deficits over the past 15 years. Using annual data from 1986 to 2017 and a jackknife model-averaging estimator, the paper estimates the...

"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...