• Rewiring supply chains through uncoordinated climate policy 

    Benincasa, Emanuela; Carradori, Olimpia; Ferreira, Miguel; Garcia-Appendini, Emilia (Working paper;18/2024, Working paper, 2024)
    We show that climate transition risks can significantly disrupt supply chain networks. Specifically, suppliers affected by the California cap-and-trade program are more likely to lose customer relationships and less likely ...
  • Estimating the elasticity of intertemporal substitution using dividend tax news shocks 

    Holm, Martin B.; Jamilov, Rustam; Jasinski, Marek; Nenov, Plamen T. (Working paper;17/2024, Working paper, 2024)
    This paper studies the spending response to news about a dividend tax reform to estimate the elasticity of intertemporal substitution (EIS). The Norwegian dividend tax reform was proposed in 2003, announced in 2004, and ...
  • Macroeconomic effects of the gender revolution 

    Bergholt, Drago; Fosso, Luca; Furlanetto, Francesco (Working paper;19/2024, Working paper, 2024)
    U.S. labor market data exhibit a major, secular decline in the employment and wage gaps between males and females. In this paper, we identify the underlying, structural forces and quantify the spillover from this gender ...
  • The cash-flow channel of monetary policy - evidence from billions of transactions 

    Ahn, SeHyoun; Galaasen, Sigurd Mølster; Mæhlum, Mathis (Working paper;20/2024, Working paper, 2024)
    We present novel findings on the impact of monetary policy on consumer spending behavior using a newly assembled high-frequency household expenditure panel. Leveraging comprehensive weekly electronic transaction-level data ...
  • Piecing the puzzle : real exchange rates and long-run fundamentals 

    Bjørnland, Hilde C.; Brubakk, Leif; Maffei-Faccioli, Nicolò (Working paper;21/2024, Working paper, 2024)
    This paper examines the structural determinants of real exchange rates, emphasizing the persistent low-frequency movements that traditional models, such as Purchasing Power Parity (PPP) and Uncovered Interest Parity (UIP), ...

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