We use novel hand-collected data on political connections to find politically connected firms earn more positive (less negative) Cumulative Abnormal Returns (CARs) than those without political connections as a response to favorable (unfavorable) macroeconomic news. Using the...

The financial press linked Trump‘s political rhetoric to the depreciation of the Mexican peso. The massive trade volume of the peso/dollar currency pair obliges to investigate whether Trump‘s presidential campaign and regime, through uncertainty, cause fluctuations in the currency pair. This...

This paper explores the effect of birth weight on a series of anthropometric outcomes among children. We use a panel of individual-level data from 39 developing countries covering the years 1999-2018 and attempt to solve the Endogeneity using mother fixed effect and twin fixed-effect strategies....

During 2016-2019, the US and China engaged in a trade conflict. As a result, the US economy witnessed an unprecedented increase in trade policy uncertainty (TPU) after 2018. Does this increase in the TPU cause fluctuations in corporate investment? This paper uses aggregate and firm-level TPU...

This paper investigates the impact of economic policy uncertainty (EPU) on shadow banking. Using privately available data, I find shadow banks, on average, lose approximately $35 ($44) million in return (yield) due to heightened EPU. Moreover, the adverse effect of EPU is more substantial for...

We study the fiscal debt crisis in the US during early 2023 on Money Market Funds (MMFs). We report a spike in yields by approximately 150 basis points for MMFs investing in federal government securities. In addition, due to the debt crisis, investors started withdrawing money from treasury...