We study the role of institutional investors in crypto markets and in the transmission of US monetary policy. We find that the participation of institutional investors in crypto markets drives the correlation between crypto and global equity markets, …
We estimate the impact of distinct types of slowdowns in China on countries and firms globally. First, we combine a structural vector autoregression framework with a broad-based measure of domestic economic activity in China to distinguish supply …
We document near-exponential growth in the demand for artificial intelligence (AI)-related skills in India’s services sector since 2016, using a new dataset of online vacancies from its largest jobs website. This coincides with the take-off in …
We investigate the substantial variation in the extent to which a rise in value-added tax (VAT) is passed on to consumers. We first extend existing theory to characterize the roles of imperfect competition and product differentiation, then …