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This paper constructs a global tail risk (GTR) index and examines the role of GTR in predicting the volatility of international stock markets. Our empirical results emphasize that GTR contains valuable information to predict the stock volatility of group 7 (G7) countries. In addition, accounting...
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challenge for economists. The International Monetary Fund proposes within its periodic World Economic Outlook report a measure …-frequency information. Pseudo real-time results show that this approach provides reliable and timely nowcasts of the world GDP annual growth …
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by proposing an approach to forecasting global FDI inflows based on panel econometric techniques – namely the generalized …
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estimation techniques within a mainstay model of profit shifting, we examine the subsidiary-year responses of earnings to the … composite tax indicator faced by all subsidiaries of a multinational firm. Our panel includes 26,593 subsidiaries across 95 … other parts of the world where taxation policies are less stringent on average, consistent with tax arbitrage strategies. We …
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