A few studies are found on the relationship between financial instability, energy
consumption and environmental quality in energy economics literature. The current study is …

Behavioral finance studies the application of psychology to finance, with a focus on
individual-level cognitive biases. I describe here the sources of judgment and decision …

Dealing with the relationship between environment and economic development is the core
issue of China's sustainable development. At present, China's economic transformation is …

Politics may color interpretations of facts, and thus perceptions of risk. We find that a higher
share of Trump voters in a county is associated with lower perceptions of risk during the …

Inattention is a central, unifying theme for much of behavioral economics. It permeates such
disparate fields as microeconomics, macroeconomics, finance, public economics, and …

An increase in the household debt to GDP ratio predicts lower GDP growth and higher
unemployment in the medium run for an unbalanced panel of 30 countries from 1960 to …

We explore the interplay between trade-invoicing patterns and the pricing of safe assets in
different currencies. Our theory highlights the following points:(i) a currency's role as a unit of …

The global financial crisis experience shone a spotlight on the dangers of financial systems
that have grown too big too fast. This note reexamines financial deepening, focusing on …

We present a model of credit cycles arising from diagnostic expectations—a belief formation
mechanism based on Kahneman and Tversky's representativeness heuristic. Diagnostic …

What is the role of the financial sector in explaining business cycles? This question is as old
as the field of macroeconomics, and an extensive body of research conducted since the …