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| Srl | Item |
| 1 |
ID:
186522
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| Summary/Abstract |
Due to the pro-independence demands of part of its electorate, the political fit of Catalonia within Spain has given rise to notable political tensions over the last few years. This conflict has progressively affected several dimensions of Catalan society, including, potentially, the economy. The illegal referendum on independence, held in October 2017, marked the climax of political and social tensions, leading to a Constitutional crisis and further stoking the conflict as opposed to offering any hope of an early resolution. We analyze a complete set of margins potentially affected by the referendum, including real (aggregate demand and supply) and financial responses. Using a synthetic control method, we find strong evidence of the outflow of short-term bank deposits after the referendum; while, on the real side, we find evidence of responses in aggregate supply (number of capital increases and number of new firms registered).
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| 2 |
ID:
133379
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| Publication |
2013.
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| Summary/Abstract |
Before leaving his position as Secretary of Defense in 2010, Robert Gates offered a wake-up call in a speech to the Marine Corps Association in 2010: "It [is] time to redefine the purpose and size of the Marine Corps." The perception even then was that the Marine Corps had become too big, too heavy, and too far removed from its maritime roots.1
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| 3 |
ID:
133381
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| Publication |
2013.
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| Summary/Abstract |
China's maritime development having come up against pressures and challenges in recent years, the concept of "strategic hedging"-that is, pursuit of and investment in policies meant to protect the nation against the effects of geopolitical and economic uncertainty-has emerged. One of its most important proponents is Gao Bai, an ethnic Chinese professor of sociology at Duke University (in Durham, North Carolina) and the author of the article "The High-Speed Railway and China's Grand Strategy in the 21st Century" ....1 Professor Gao believes that the 2008 global financial crisis and the return, through its own strategic adjustment, of the United States to the Asia-Pacific region mean that China's "blue-water strategy" has come to an end.
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| 4 |
ID:
131501
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| Publication |
2014.
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| Summary/Abstract |
The distinction between uncertainty and risk, originally drawn by Frank Knight and John Maynard Keynes in the 1920s, remains fundamentally important today. In the presence of uncertainty, market actors and economic policy-makers substitute other methods of decision making for rational calculation-specifically, actors' decisions are rooted in social conventions. Drawing from innovations in financial markets and deliberations among top American monetary authorities in the years before the 2008 crisis, we show how economic actors and policy-makers live in worlds of risk and uncertainty. In that world social conventions deserve much greater attention than conventional IPE analyses accords them. Such conventions must be part of our toolkit as we seek to understand the preferences and strategies of economic and political actors.
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