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This paper proposes a novel approach to study the macroeconomic effects of oil prices, exploiting institutional features of OPEC and high-frequency data. Using variation in futures prices around OPEC announcements as an instrument, I identify an oil supply news shock. These shocks have...
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An expansive history of how an economic shock a half century ago created a world that is addicted to mass migration … domestic politics around the world. They fueled the growth of nationalist-populist parties that built their brands on blaming …
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