We establish a causal role for banking access in the spread of the Industrial Revolution over the period 1817–1881 by exploiting unique employment data from 10,528 parishes across England and Wales and a novel instrument. We estimate that a one...

Evidence on the effectiveness of FX interventions is either limited to short horizons or hampered by debatable identification. We address these limitati

Using repeated cross-sectional survey data, we analyze whether China's growing economic engagement in Latin America has an effect on citizens’ perceptions of China within 18 Latin American countries over the 2002–2013 period. Our...

We analyze the effects of government spending in a New-Keynesian model with search and matching frictions featuring endogenous growth through learning-by-doing and skill loss from longterm unemployment.

This paper introduces a new dataset of official financing — including foreign aid and other forms of concessional and non-concessional state financing

Kiel Policy Brief No. 151: The EU steps up its efforts to curb its territorial CO2-emissions.

This article introduces a new econometric model that includes an innovative measure of intersectoral structural change. This model describes the ...

This article introduces a new econometric model that includes an innovative measure of intersectoral structural change. This model describes the ...

We quantify the contemporaneous relationships among stock markets in the euro area, the United States, and a group of emerging economies over the period

... Their work fed into a broader set of estimates by Sebastian Horn and Christoph Trebesch of the Kiel Institute for the World Economy and Carmen Reinhart of Harvard University, who in May became the World ...