We employ difference-in-differences (DiD) event studies to assess the impact of Trump’s "Liberation Day" tariff announcement on sovereign bond spreads and yields in emerging markets (EMs). We consider a largely […]

Abstract: Despite the well-documented nationalization of local politics over the late 20th century, one type of local organization has flourished: the chamber of commerce. Local chambers, influential interest groups in […]

Tackling climate change generates non-rivalrous and non-excludable benefits, while the costs of climate action fall on individual firms. This should incentivize firms to free ride on each others’ efforts. Yet, […]

How does automation in the Global North shape politics and violence in the Global South? We develop a political economy theory in which robot adoption in advanced economies reduces demand […]