In order to better understand why some nations are more innovative than others, this paper considers the influence of socio-historic dimensions of colonialism and income inequality. Using data from 72 nations over the years 1997–2018, we find that...

A growing literature in economics studies ethical behavior and honesty, as it is imperative for functioning societies in a world of incomplete information and contracts. A majority of studies finds more pronounced dishonesty among teams compared to...

What preferences do people have for cross-country cooperation on irregular migration and refugee protection? While existing research improves our unders

Political trust matters for citizens’ policy preferences but existing research has not fully understood how this effect depends on policy design. To a

With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable...

How will sovereign debt markets evolve in the 21st century? We survey how the literature has responded to the eurozone debt crisis, placing “lessons l

How do labour market policies influence employment's responsiveness to output fluctuations (employment-output elasticity)? We revisit this question on a panel of OECD countries, which also incorporates the period of the Great Recession. We...

Over the past decade, Chinese state-owned banks have lent record amounts to developing countries as part of the so-called Belt and Road Initiative (BRI)

Can debt moratoria help countries weather negative shocks? We exploit the Debt Service Suspension Initiative (DSSI) to study the bond market effects of

We make use of historical data on water levels on the Rhine river to analyze the impact of weather-related supply shocks on economic activity in Germany. Our analysis shows that low water levels lead to severe disruptions in inland water...