We study the impact of oil price shocks on the US stock market volatility. We jointly analyze
three different structural oil market shocks (ie, aggregate demand, oil supply, and oil-specific …

In this paper I estimate the spatial diffusion of housing prices across US states over a period
from 1975 to 2011, showing how long and to what magnitude state-level housing prices are …

What drove inflation so high in 2022? Can it drop rapidly without a recession? The Phillips
curve is central to the answers; its proper (nonlinear) specification reveals that the …

For many years, there was an unanswered theoretical question among Post-Keynesian
scholars: What's the behaviour through time of capacity utilisation after an aggregate …

We consider the open economy consequences of US monetary policy, extending the
identification approach of Romer and Romer (2004) and adapting it for use with asset prices …

Anthropogenic environmental pollution has become a global concern due to its profound
impact on Earth's ecosystems. This study examines the interrelation between energy …

The European sovereign-debt crisis began in Greece when the government announced in
December, 2009, that its debt reached 121% of GDP (or 300 billion euros) and its 2009 …

We implement a novel nonlinear structural model featuring an empirically successful
frequency‐dependent and asymmetric Phillips curve; unemployment frequency components …

This article analyzes the impacts of foreign direct investment (FDI) and short-term capital
flows, otherwise known as hot money, on stock and house prices in China. Empirical results …

Conflicting results undermine making inferences from the empirical literature. So far, the
replication crisis is mainly seen as resulting from honest errors and questionable research …