1. Discussion and Working Paper // 2018

    `Deja vol' revisited: Survey forecasts of macroeconomic variables predict volatility in the cross-section of industry portfolios

    We investigate the question whether macroeconomic variables contain information about future stock volatility beyond that contained in past volatility. We show that forecasts of GDP and industrial production…

  2. Refereed Journal // 2018

    Disentangling the impact of infrastructure on trade using a new index of infrastructure

    Making use of considerably improved measures of infrastructure, the study assesses the impact of infrastructure on bilateral trade for a panel of 150 developed and emerging economies during the period 1992–2011.…

  3. Discussion and Working Paper // 2018

    Women Leaving the Playpen: The Emancipating Role of Female Suffrage

    The role of women in Western societies changed dramatically in the 20th century. We study how political empowerment affected women’s emancipation as reflected in their life choices like marital decisions and…