学术论文

This paper explores how fluctuations in crime rates influence labor market outcomes in Mexico. Using detailed survey data and an individual-fixed effect estimation, the analysis reveals distinct gender dynamics in response to rising homicide rates...

Weather-related shocks are of a supply-side nature and therefore present significant challenges for monetary policy. Using a Quarterly Projection Model (QPM) framework, this paper provides an overview of weather-relevant analytical exercises that ...

We explore the relationship of recessions and tourism cycles on the economic performance of tourism-dependent Small Developing States (SDS). Using local projections regressions, we examine how these cycles affect potential output growth and its dr...

Fiscal policy plays an important macroeconomic role in Mongolia. On the one hand, fiscal expansion is seen as a measure to boost aggregate demand. On the other hand, import leakages mitigate the impact of fiscal expansion on growth. Applying a str...

The population of North Macedonia has been steadily declining over the past two decades and is projected to co...

Scientific progress relies on access to prior knowledge, yet costly access to academic literature can hinder researchers, particularly in marginalized positions of academia and developing economies. This paper examines the impact of free or lower-...

This paper examines how climate-related risks are priced in the commodity derivatives market. Lever aging a unique dataset of “brown” and “green” iron ore options traded on the Singapore Exchange, we document significant climate variance and skewn...

With the rapid development of Large Language Models (LLMs), LLM-based agents have been widely adopted in various fields, becoming essential for autonomous decision-making and interactive tasks. However, current work typically relies on prompt desi...

The European gas system has entered a structurally volatile phase defined by post energy crisis overbuild, dislocated demand trajectories, and a decoupling mandate under REPowerEU. This paper interrogates the contradictions between fossil lock-in ...

This paper provides novel microlevel evidence that cross-border bank flows are an important means for households to access credit, not only in emerging markets but also in advanced economies. Using supervisory bank-level data alongside household c...

Climate change poses significant challenges to healthcare systems. This research estimatestemperature impacts on hospital workload, using inpatient records from more than 1,000emergency departments (EDs) in the People's Republic of China betwe...

At the onset of the coronavirus disease (COVID-19) lockdown in the Philippines in April 2020, the Asian Development Bank, in partnership with the Philippine government and the private sector, implemented the Bayan Bayanihan (BB) food relief progra...

This study investigates to what extent the significant liquidity injections by the ECB over the past 15 years may have created a dependency by banks on central bank liquidity itself. Following Acharya et al. (2024), I examine whether the ECB’s liq...

Central banks increasingly act as market-makers-of-last-resort, yet the impact and exit of such interventions remain poorly understood. Using euro-area data, we analyze the cycle of market freeze, intervention, and exit in short-term debt markets....

The convergence of artificial intelligence (AI) and Web3 promises unprecedented innovation but presents significant challenges concerning ethical deployment, intellectual property (IP) protection, privacy, and fair compensation within a decentrali...

This paper reviews Angola’s recent reform efforts to strengthen good governance and fight corruption. Angola has achieved some progress on the governance and anti-corruption fronts since 2018, but the strong momentum observed through 2022 has abat...

We introduce a nowcasting model of global maritime trade, leveraging satellite-based big data on vessel movements. This provides a timely indicator of global trade as shipping accounts for about 80 percent of worldwide merchandise trade by volume....

Solomon Islands faces challenges in fiscal data governance despite reforms. While the Public Financial Management Act (PFMA) of 2013 aimed to enhance transparency, inconsistent implementation and resource constraints persist. This paper highlights...