Housing bubbles and crashes are catastrophic events for economies, implying the enormous destruction of housing wealth, the risk of financial defaults, construction unemployment, and business cycle downturns. This chapter investigates whether governmental housing policies can affect the propensity of economies to build up speculative house price bubbles. Specifically, we focus on rent and credit deregulation ...
The introduction of the automatic exchange of bank information under the Common Reporting Standard (CRS) marked a breakthrough in the fight against global financial secrecy. In this report, we evaluate the scope and coverage of the CRS—in a context marked by limited evidence, primarily due to restricted access to CRS data. For this purpose, we have compiled newly aggregated CRS data from 16 countries, ...
We study the implications of fiscal rules for macroeconomic stabilization when countries are hit by adverse exogenous shocks. Exploiting the unpredictability of natural disasters, we document that economies with a fiscal rule absorb these shocks better than those without: the responses of GDP and private demand are significantly higher. This difference is coupled with more expansionary fiscal policy ...
Research Question/Issue: The introduction of gender quotas on corporate boards can disrupt the status quo, resulting in externalities that affect women's advancement within the company. This study investigates whether boardroom quotas contribute to promoting women further up the corporate ladder and facilitate access to a broader spectrum of positions. Research Findings/Insights: Using legislative ...
This study examines whether having daughters affects political preferences and if effects vary across European countries. We estimate effect sizes for 39 countries in the European Social Survey (n = 156,236) and aggregate estimates using random-effects meta-analysis, following a preregistered analysis plan. We find significant evidence that having daughters increases the preferences for gender equality ...
This article addressed the critical issue of citizens’ attitudes toward law enforcement, focusing on motivational postures toward the police (i.e., the psychological dispositions that individuals maintain toward the police). The study contributes by providing the first validated motivational postures scale toward the police in Spanish. It responds to a gap in research on motivational postures within ...
