Most scholarship has attributed Sudanese independence in 1956 to British dominance of the Condominium, historical animosity toward Egypt, or the emergence of Sudanese nationalism. Dividing the Nile counters that Egyptian entrepreneurs failed to develop a united economy or shared economic...

We derive new tests for proper calibration of multivariate density forecasts based on Rosenblatt probability integral transforms. These tests have the advantage that they i) do not depend on the ordering of variables in the forecasting model, ii) are applicable to densities of arbitrary...

Economic sanctions are a frequent instrument of foreign policy. In a diplomatic conflict, they aim to elicit a change in the policies of foreign governments by damaging their economy. However, sanctions are not costless for the sending economy, where domestic firms involved in business with the...