Related papers: Sanctions and Venezuelan Migration
The motivation for focusing on economic sanctions is the mixed evidence of their effectiveness. We assess the role of sanctions on the Russian international trade flow of agricultural products after 2014. We use a differences-in-differences…
This paper studies the transmission of US monetary policy shocks into Emerging Markets emphasizing the role of investment and financial heterogeneity. First, we use a panel SVAR model to show that a US interest tightening leads to a…
In response to the COVID-19 pandemic, National governments have applied lockdown restrictions to reduce the infection rate. We perform a massive analysis on near real-time Italian data provided by Facebook to investigate how lockdown…
Industries can enter one country first, and then enter its neighbors' markets. Firms in the industry can expand trade network through the export behavior of other firms in the industry. If a firm is dependent on a few foreign markets, the…
Most studies on the labor market effects of immigration use repeated cross-sectional data to estimate the effects of immigration on regions. This paper shows that such regional effects are composites of effects that address fundamental…
Motivated by debates about California's net migration loss, we employ valued exponential-family random graph models to analyze the inter-county migration flow networks in the United States. We introduce a protocol that visualizes the…
The following measures against unemployment are proposed: In the short term, to promote greater income for the poorest sectors. It is shown that this can be paid with the resulting increased production, without losing income to the other…
Taking the European Central Bank unconventional policies as a reference, we suggest a class of Multiplicative Error Models (MEM) taylored to analyze the impact such policies have on stock market volatility. The new set of models, called MEM…
Despite the popular narrative that the United States is a "land of mobility," the country may have become a "rooted America" after a decades-long decline in migration rates. This article interrogates the lingering question about the social…
I devise a novel approach to evaluate the effectiveness of fiscal policy in the short run with multi-category treatment effects and inverse probability weighting based on the potential outcome framework. This study's main contribution to…
As global demand for green hydrogen rises, potential hydrogen exporters move into the spotlight. However, the large-scale installation of on-grid hydrogen electrolysis for export can have profound impacts on domestic energy prices and…
One of the critical measures to control infectious diseases is a lockdown. Once past the lockdown stage in many parts of the world, the crucial question now concerns the effects of relaxing the lockdown and finding the best ways to…
Do low corporate taxes always favor multinational production over economic integration? We propose a two-country model in which multinationals choose the locations of production plants and foreign distribution affiliates and shift profits…
Migrant laborers subject to ROK's Employment Permit System(EPS) must strike a balance between host country's high wage and 'Depreciation of skill-relevance entailed by immigration', whilst taking account of the 'migration costs'. This study…
Bastos, Geloso, and Bologna Pavlik (2026) argue that the US embargo explains less than one tenth of the difference in per capita income between Cuba and a counterfactual scenario in which the country did not follow socialist economic…
This paper reviews the research on the impacts of incarceration on crime. Where data availability permits, reviewed studies are replicated and reanalyzed. Among three dozen studies I reviewed, I obtained or reconstructed the data and code…
The economic downturn and the air travel crisis triggered by the recent coronavirus pandemic pose a substantial threat to the new consumer class of many emerging economies. In Brazil, considerable improvements in social inclusion have…
We study the influence of additional intermediate marginal distributions on the value of the martingale optimal transport problem. From a financial point of view, this corresponds to taking into account call option prices not only, as…
Besides an indicator of the GDP, the Central Bank of Venezuela generates the so called Monthly Economic Activity General Indicator. The a priori knowledge of this indicator, which represents and sometimes even anticipates the economy's…
I study the dynamic, general equilibrium implications of climate-change-linked transition risk on macroeconomic outcomes and asset prices. Climate-change-linked expectations of fossil fuel restrictions can produce a ``run on fossil fuels''…