Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino … - In: Quantitative Economics 13 (2022) 2, pp. 467-504
Does economic uncertainty promote the implementation of structural reforms? We answer this question using one of the most exhaustive cross-country panel data sets on reforms in six major areas and measuring economic uncertainty with stock market volatility. To identify causality, we exploit...