Publications

We consider a setting in which privately informed agents are located in a network and trade a risky asset with other agents with whom they are...

This paper investigates the impact of introducing junior unsecured loans (i.e., FinTech loans) in the small business lending market. Using French...

When members of the same household have different risk preferences, whose preference matters more for investment decisions and why? We propose an...

As artificial intelligence makes inroads into the financial system, it exacerbates existing channels of instability and creates new ones. This column...

We propose a novel approach to measure the costs of aggregate economic fluctuations, that does not require specification of preferences or the data...

We propose a novel way to estimate a portfolio’s abnormal price, the percentage gap between price and the present value of dividends computed with a...

Informality prevails in Africa, especially among women. Eighty-eight per cent of working African women were employed in the informal economy in 2022...

We study exchange rate expectations in surveys of financial professionals and find that they successfully forecast currency appreciation at the two...

Hybrid regimes feature combinations of democratic and autocratic attributes. Their common element is a leader who cultivates a clientele of favored...

We study the short-term effects and long-term consequences of Fed crisis interventions on market fears — the risk perception of large asset price...

Despite some advances in women’s rights in Pakistan, economic and political unrest has increased gender-based violence in the country. A system of...

The Economic Journal, 134 (660), 1683–1700

In January 2020, the Greek government appointed a Commission to propose a growth plan for the Greek economy. The Pissarides Commission produced a...

The Greek government appointed in January 2020 a Commission chaired by Nobel Prize winner Christopher Pissarides to propose a growth plan. The...