Is there a systematic mapping between the Federal Reserve’s expectations of macro variables and the words it uses to talk about the economy? We propose a simple framework that allows us to estimate communication rules in the United States based on text analysis with regularized regressions. We...

We revisit the results of Equipo Anova (2021), who claim to find evidence of an improvement in Venezuelan imports of food and medicines associated with the adoption of U.S. financial sanctions towards Venezuela in 2017. We show that their results are consequence of data coding errors and...

Economists have long contended that globalization generates massive gains in efficiency, output, choice, and agency around those choices. Yet, for a broad swath of the public, the economic case for globalization may not be viewed as decisive as it once was. Forces favoring populism and...

This paper provides new proofs for some properties of the instant runoff voting rule, namely clone-proofness and strict social disappointment criterion. We show that instant runoff voting, contrary to most voting protocols, is not only immune to the strategic nomination, but also does not...

This paper studies the incidence of bailouts with the possibility that bailouts may be required repeatedly before the crisis is resolved. I build a model in which two countries engage in a strategic interaction over repeated bailouts and austerity. The strategic interaction ends when the country...

The following paper goes into an in-depth analysis of the purpose of a dissertation methodology. Providing what the process entails leaves researchers to evaluate their intentions of receiving a terminal degree and the weight of the assignment. Acknowledging the requirements will make sure...

The paper focuses on explaining the existence of the right (freedom) to strike in legal systems. It has been argued that the attitude of the state to strikes is a measure of progress (democracy).Totalitarian states forbade striking, while socialist states – forced by the circumstances –...

Events such as pandemic, changes in government policies and wars result in structural breaks in many areas including oil markets. RS GARCH MIDAS models, which consider both structural changes and macroeconomic factors affecting the oil prices have been studied by very few authors where they...