In this study, I apply a quantile regression model to investigate how gold returns respond to changes in various financial indicators. The model quantifies the asymmetric response of gold return in the tails of the distribution based on weekly data over the past 30 years. I conducted a...

We characterize the equilibrium of a two-country, two-good economy in which agents have opposite preference bias toward one of the two consumption goods and fear model misspecification. We document that disagreement about endowments' growth prospects is a persistent endogenous outcome of this...

A growing number of studies provide quantitative evidence that economic globalization encourages government protection of human rights: trade and investment advance civil and political rights and encourage governments to refrain from violations of the right to life, liberty, and the security of...