The de facto closure of the Strait of Hormuz has produced “the largest disruption to the global oil market in its history,” according to the International Energy Agency, creating what the ...

The International Monetary Fund warned that the war in Iran was causing a global, but asymmetric shock and leading to tighter financial conditions. The war in the Middle East has caused serious ...

This paper focuses on identifying potential asymmetric responses of non-commodity output growth in times of positive and negative commodity terms-of-trade shocks. Using a sample of 27 oil-exporting ...

Climate mitigation policies are being introduced around the world to limit global warming, generating new risks to the economy. This paper develops a continuous time heterogeneous agents model to ...

The war in the Middle East has caused serious disruption to the economies of frontline countries, and is dimming the outlook for many economies that had just started to recover from previous crises, ...