Journal of Economic Studies: Volume 49 Issue 4

Effects of economic policy uncertainty and political uncertainty on business confidence and investment

Gabriel Caldas Montes, Fabiana da Silva Leite Nogueira

This study estimates the effects of political uncertainty and economic policy uncertainty on business confidence. Moreover, it also examines business confidence as a transmission…

Demographic changes and savings behavior: the experience of a developing country

Ebrahim Rezaei

This paper aims to disclose the savings behavior of Iran's economy in the context of demographic transition.

Uncertainty and nonlinear macroeconomic effects of fiscal policy in the US: a SEIVAR-based analysis

Ansgar Belke, Pascal Goemans

The purpose of this paper is to investigate whether the macroeconomic effects of government spending shocks vary with the degree of macroeconomic uncertainty.

Does disease outbreak news impact equity, commodity and foreign exchange market? Investors' fear of the pandemic COVID-19

Imlak Shaikh, Toan Luu Duc Huynh

Market volatility is subject to good or bad news and even responses to fake news and policy changes. In this piece of work, the authors consider the effects of the recent COVID-19…

Political machines and the curse of public resources in subnational democracies

Andrés Cendales, Nestor Garza, Andres Arcila

This paper argues that decentralization reforms in Colombia, implemented since the 1980s, have led to the decentralization of political clientelism rather than its demise…

The impact of long-term riskless asset on ensuring liquidity and preventing banking fragility

Mahmoud Shahin

Through portfolio diversification, the author identifies the risk sharing deposit contract in a three-period model that maximizes the ex ante expected utility of depositors.

Remittances and food security

Yogeeswari Subramaniam, Tajul Ariffin Masron, Nik Hadiyan Nik Azman

The continuous and rapid growth of remittances has become one of the sources of income for millions of poor families in developing countries. As such, an increase of remittance…

Education in the times of a pandemic: parental socioeconomic characteristics and time spent educating children

Stefani Milovanska-Farrington

This research explores the impact of parental educational attainment, race, ethnicity, gender and employment on the time parents spend educating their children during the COVID-19…

Evaluating the wage differential between the formal and informal economy: a gender perspective

Colin Williams, Ardiana Gashi

Despite a widespread assertion that wages are lower in the informal than formal economy, there have been few empirical evaluations of whether this is the case and even fewer…

Liquidity and asset pricing: evidence from a new free-float-adjusted price impact ratio

Huong Le, Andros Gregoriou

This paper aims to empirically examine the relationship between stock liquidity and asset pricing, using a new price impact ratio adjusted for free float as the approximation of…