Our understanding of the sources of oil price fluctuations and their effects on the US
economy has undergone important transformations in the last decades. First, several studies …

This survey features three parts. The first one reviews the most recent literature on the
relationship between domestic (ie, country‐specific) uncertainty and the business cycle, and …

This paper studies people's understanding of inflation—their perceived causes,
consequences, trade-offs-and the policies supported to mitigate its effects. We design a new …

We review the literature on the empirical characteristics of the global financial cycle and
associated stylized facts on international capital flows, asset prices, risk aversion, and …

This paper studies the economic impacts of carbon pricing. Exploiting institutional features of
the European carbon market and high-frequency data, I document that a tighter carbon …

We empirically investigate the impact of economic uncertainty related to global pandemics
on the volatility of the broad commodity price index as well as on the sub-indexes of crude …

We measure labor demand and supply shocks at the sector level around the COVID-19
outbreak by estimating a Bayesian structural vector autoregression on monthly statistics of …

The extent to which either supply or demand factors drive inflation has important implications
for economic policy. I propose a framework to decompose inflation into supply‐and demand …

This paper studies the macroeconomic effects of energy price shocks in energy-importing
economies using a heterogeneous-agent New Keynesian model. When MPCs are …

US monetary policy shocks induce comovements in the international financial variables that
characterize the “Global Financial Cycle.” A single global factor that explains an important …