In this paper, we analyse the response of Japan’s foreign exchange and stock markets to the outcomes of the Brexit referendum and the U.S. presidential election. We estimate the changes in returns of the daily exchange rates of the yen (JPY), the daily closing price index of the Nikkei and the...

Using a comprehensive data set for Colombian municipalities between 2002 and 2010, in this paper we study the effects of large anti-poverty programs on presidential election outcomes. In particular, we test for two of the main assumptions on voters' behavior adopted by the political economics...

By Election Day 2020, the COVID-19 pandemic had killed 234,244 Americans and caused the sharpest macroeconomic downturn in US history. Regression analysis shows that in a “no pandemic” counterfactual or a counterfactual in which the severity of the pandemic was mitigated by 30 percent,...