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2192 Results

Government Corruption and Foreign Direct Investment Under the Threat of Expropriation

Staff working paper 2016-13 Christopher Hajzler, Jonathan Rosborough
Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the role of government corruption in foreign direct investment (FDI) when contracts are not fully transparent and investors face the threat of expropriation.
February 3, 2026

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Digitalization and Inflation: A Review of the Literature

In the past few years, many have postulated that the possible disinflationary effects of digitalization could explain the subdued inflation in advanced economies. In this note, we review the evidence found in the literature. We look at three main channels.

The Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in Canada

Staff working paper 2018-56 Lutz Kilian, Xiaoqing Zhou
How do global oil price shocks spread through Canada’s economy? With Canada’s regionally diverse economy in mind, we explore the implications of oil price shocks for Canadian housing markets and regional economies. We show that the belief that oil price shocks only matter in oil-rich regions is false.

From He-Cession to She-Stimulus? The Labor Market Impact of Fiscal Policy Across Gender

Staff working paper 2021-42 Alica Ida Bonk, Laure Simon
The effects of fiscal policy shocks on labour market outcomes across gender depend on the type of public expenditure. Women benefit most from increases in the government wage bill, while men are the main beneficiaries of higher investment spending.

Identifying Consumer-Welfare Changes when Online Search Platforms Change Their List of Search Results

Staff working paper 2020-5 Ryan Martin
Online shopping is often guided by search platforms. Consumers type keywords into query boxes, and search platforms deliver a list of products. Consumers' attention is limited, and exhaustive searches are often impractical.
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