Papers & Opinions
The Costs of Political Misalignment: Forest Fires and Bank Loans in Turkey
Recent wildfires in Turkey have not only destroyed more than 95,000 hectares of its coastal forestland but also divided the country further into its political...
Why We Don’t Write More Papers on Political Finance
Despite the commonly held views of economists on regulatory capture, our profession has been much more hesitant in recognising similar conflicts of interests that may...
Finance and Politics: New Insights
A rapidly expanding literature has shown the importance of political economy factors for legislative and regulatory actions in the financial sector and ultimately financial sector...
Lending Cycles and Real Outcomes: Costs of Political Misalignment
We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust...
The Political Scar of Epidemics
What political legacy is bequeathed by national health crises such as epidemics? We show that epidemic exposure in an individual’s “impressionable years” (ages 18 to...
Financial Policymaking After Crises: Public vs. Private Interests
We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel dataset covering 94 countries between 1973...
Papers & Opinions
The Costs of Political Misalignment: Forest Fires and Bank Loans in Turkey
Recent wildfires in Turkey have not only destroyed more than 95,000 hectares of its coastal forestland but also divided the country further into its political...
Why We Don’t Write More Papers on Political Finance
Despite the commonly held views of economists on regulatory capture, our profession has been much more hesitant in recognising similar conflicts of interests that may...
Finance and Politics: New Insights
A rapidly expanding literature has shown the importance of political economy factors for legislative and regulatory actions in the financial sector and ultimately financial sector...
Lending Cycles and Real Outcomes: Costs of Political Misalignment
We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust...
The Political Scar of Epidemics
What political legacy is bequeathed by national health crises such as epidemics? We show that epidemic exposure in an individual’s “impressionable years” (ages 18 to...
Financial Policymaking After Crises: Public vs. Private Interests
We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel dataset covering 94 countries between 1973...
Papers & Opinions
The Costs of Political Misalignment: Forest Fires and Bank Loans in Turkey
Recent wildfires in Turkey have not only destroyed more than 95,000 hectares of its coastal forestland but also divided the country further into its political...
Why We Don’t Write More Papers on Political Finance
Despite the commonly held views of economists on regulatory capture, our profession has been much more hesitant in recognising similar conflicts of interests that may...
Finance and Politics: New Insights
A rapidly expanding literature has shown the importance of political economy factors for legislative and regulatory actions in the financial sector and ultimately financial sector...
Lending Cycles and Real Outcomes: Costs of Political Misalignment
We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust...
The Political Scar of Epidemics
What political legacy is bequeathed by national health crises such as epidemics? We show that epidemic exposure in an individual’s “impressionable years” (ages 18 to...
Financial Policymaking After Crises: Public vs. Private Interests
We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel dataset covering 94 countries between 1973...