This paper investigates the asymmetric relationship between corporate tax avoidance and total factor productivity (TFP) using firm-level data for 141 European oil and gas companies, covering the period 2007 to 2015. Firstly, we rely on the novel mechanism advanced by Rovigatti and Mollisi (2018) to compute firms’ TFP. Secondly, we resort to Canay’s (2011) panel…
Sustainable Economic Growth
Towards a Green Monetary Policy for Developing Countries: A Climate Rating Mechanism for Funding Sustainable Projects
Even though the monetary policy first mission, has never been oriented to fight against global warming, central banks are starting to mobilize more efforts, in the financial sector, to tackle the negative impact posed by the uncontrolled climate change on the economy. In this paper, we propose a new mechanism contributing to the greening of…
Changes in Electricity Use following COVID-19 Stay-at-home Behavior
This article uses hourly electricity consumption data from the PJM Interconnection in the United States and stay-at-home metrics from cell phone location data to study the effect of the COVID-19 pandemic on electricity consumption using a difference-in-predicted-differences strategy. I show that while in the first months of the COVID-19 pandemic total electricity consumption declined by…