After Lehman Brothers filed for bankruptcy in September 2008, cross-border bank lending contracted sharply. To explain the severity and variation in this contraction, we analyze detailed data on cross-border syndicated lending by 75 banks to 59 countries. We find that banks that had to write...

How does international trade affect the popularity of governments and leaders? The recent backlash against globalization renders this question extremely topical. Yet, most previous work has looked for political effects of aggregate trade flows without decomposing into particular types of...

How does international trade affect the popularity of governments and leaders? We provide the first large-scale, systematic evidence that the divide between skilled and unskilled workers worldwide is producing corresponding differences in the response of political preferences to trade shocks....

What is the role of formal labor market institutions in the impact of crises on wages and employment? We study wage adjustment during the recent crisis in Italy's regulated labor market using the unregulated informal labor market as a counterfactual. We use a unique dataset on immigrant workers...

How does international trade affect the popularity of government and leaders? Using data covering 118 countries and nearly 450,000 individuals, we show that attitudes towards globalisation depend on both individuals' skill levels and the skill intensity of the country's exports and imports. Our...

How does international trade affect the popularity of governments and leaders? We provide the first large-scale, systematic evidence that the divide between skilled and unskilled workers worldwide is producing respective differences in the response of political preferences to trade shocks. Using...