Working Paper
Backsliding and reversal
Ian Bremmer published a treatise on the stability of states built on the notion that states fall along a curve resembling a slanted “J” when plotting their stability against openness. States in the turnover process are considered unstable, and are at...
Working Paper
Forecasting recovery from COVID-19 using financial data
We develop a new methodology to nowcast the effects of the COVID-19 crisis and forecast its evolution in small, export-oriented countries. To this aim, we exploit variation in financial indexes at the industry level and relate them to the expected...