In this literature review, we focus on the role of expectations in shaping macroeconomic outcomes, covering both theory and empirical applications. We review the historical evolution of expectations models, from the Keynesian ...

This paper investigates real wage rigidity, particularly for the wages paid to new hires (NH) in the Veneto Worker History dataset from 1975 to 2001 in Italy. We offer novel estimates of NH wage rigidity at the job level, ...

It has been well documented in the literature that the inclusion of realized measures into GARCH models can lead to both statistical and economic gains through improved forecasting performance. In this paper, we employ the ...

This thesis explores the intersection of mental health and economics through a review of the literature on five key subtopics: economic fluctuations, inequality, lockdowns, narratives and social media. The empirical evidence ...

In this paper, I propose a novel method to estimate causal effects when the treatments are not observable. Treatment observability is not affordable in many instances of noncompliance settings, where the treatments actually ...

We are the first to construct a general model for forecasting redenomination risk by using the difference in a country’s EUR-denominated CDS spreads compared to Germany. The goal of this work is to further close this gap ...

This paper studies the impact of investing preference frictions between ESG and traditional investors on stock price volatility. As these shareholder groups embody heterogeneous preferences, the resulting between-group ...

Our study uses an arguably exogenous supply chain shock generated by the March 2021 blockage of the Suez Canal to analyze contributions to import price inflation and transport method substitution. Using a quasi-experimental ...

When deciding for themselves whether to keep or delegate a decision-making right, individuals often fail to delegate even when doing so would yield a higher expected return. However, beyond the individual decision-making ...

In this literature review, we focus on workplace discrimination with particular attention paid to the hiring process. We classified the hiring process into two stages: CV-screening and interview. Following the theoretical ...