Climate change is one of the greatest economic challenges of our time. Given the scale of the problem, the question of whether a carbon tax should be introduced is hotly-debated in policy circles. This paper studies the design of a carbon tax when environmental factors, such as air...

The talk, based on Branko Milanović’s recent book "Capitalism, Alone: The Future of the System That Rules the World", will discuss and analyze systemic inequalities in liberal capitalist societies with the special emphasis on the phenomenon of homoploutia, that is, of high incomes from both...

Topics include the main areas of modern finance, such as corporate finance, asset pricing, derivatives, market microstructure, international finance and financial intermediation.

We present evidence that the rise in inflation in Japan since 2014 is a result of a hidden stagflation: the relative prices of durable consumption and ICT investment goods stopped declining, reflecting technology stagnation and exerting an inflationary pressure on the economy and; the real side...

It is our pleasure to host the German Finance Association’s first Women-in-Finance Event at the annual meeting in Marburg and we cordially invite all female finance researchers to participate. Please forward this announcement to female doctoral candidates and postdocs in your team, if...

Professors Eric Ghysels, Massimiliano Marcellino and Jonas Straukas will a three-day course entitled “What's New in Mixed Frequency Data (MIDAS), with Applications to Machine Learning and Big Data”. The focus of the course is the use of mixed frequency data in economics and finance. A...

Highly interconnected global supply chains make countries vulnerable to supply chain disruptions. In this paper, we estimate the macroeconomic effects of global supply chain shocks for the euro area. Our empirical model combines business cycle variables with data from international container...

Papers can be on any topic in Economics, Finance, or Management Science as related to risk and insurance.

If sectoral trade flows obey structural gravity, countries’ bilateral trade imbalances are the result of macro trade imbalances, “triangular trade”, or pairwise asymmetric trade barriers. Using data for 40 major economies and the Rest of the World, we show that large and pervasive...