Does Geopolitical Tension Affect Bilateral Foreign Direct Investment?
by Aamer Husain Abstract This paper examines whether geopolitical tensions affect bilateral foreign direct investment (FDI). Using global news event data, I construct a novel dyadic measure of geopolitical distance and estimate a panel model with country-year and dyad fixed effects across 39,700 dyad-year observations from 2016 to 2023. Geopolitical distance reduces FDI positions by […]
The Implications of Population Aging for Economic Growth a Regional Comparative Study
By Paige Muggeridge I use a reduced form regression model to determine the extent to which population aging accounts for economic growth in each of the nine regions of the world. Predominantly, I build upon the research of Bloom et al. (2010), which is central to formulating my regression equation. I separate the difference between […]
Understanding the Argentine Peso’s Devaluation in 2014 —Analysis on Argentina’s Fiscal Sustainability from 1993 to 2013
By Feng Pan This research analyzes the fiscal sustainability of Argentina from 1993 to 2013. Specifically, it explains the peso devaluation in early 2014 and suggests that it is primarily due to the fundamental problems in Argentina’s economy. This paper highlights Argentina’s inability to enhance its fiscal conditions and suggests possible future economic developments in […]
Market Dynamics and the Forward Premium Anomaly: A Model of Interacting Agents
By Phillip Hogan and Evan Myer This paper presents a stochastic model of exchange rates, which is used to explain the forward premium anomaly. In the model, agents switch between four trading strategies, and these changes drive the evolution of the exchange rate. This framework is meant to more realistically represent the important market dynamics […]
The Economic Effects of Military and Non-Military Government Spending
By Patrick Royal There has been substantial investigation into the influence of government spending in general on economic growth, unemployment, and inequality, but relatively little investigation into the relative effects of different types of spending. This thesis attempts to separate the influence of military and non-military government spending on the economy. As with many such […]
Does Capital Control Policy Affect Real Exchange Rate Volatility? A Novel Approach Using Propensity Score Matching
by Adam Gross Abstract Propensity score matching is a statistical technique recently introduced in the field of economics, which researchers use to assess the treatment effect of policy initiatives. In this study I use propensity score matching to analyze the treatment effect of capital control policy on real exchange rate volatility. I find the treatment […]
