Publications

Countries reform when their neighbours have reformed too, especially in the aftermath of economic crises. This column examines business regulatory...

We investigate the causal impact of financial risk on economic growth, using a panel spanning 150 years and 74 countries. Persistent low risk...

During the unfolding of a crisis, it is crucial to determine its severity, yet access to reliable data is challenging. We investigate the relation...

We assess the ability of an information aggregation mechanism that operates in the over-the-counter market for financial derivatives to reduce...

More flexible business regulation encourages both the development of startups and the inflow of foreign investment, write Simeon Djankov, Dorina...

We theoretically analyze how index investing affects financial markets using a dynamic exchange economy with heterogeneous investors and two Lucas...

At the beginning of the COVID-19 pandemic, it was hoped that warm weather and younger populations would shield many developing countries from the...

This paper explores the effect of oil shocks on electoral outcomes. Using a new polling and election dataset for 207 elections across 50 democracies...

Online transactions bring speed and cost efficiency, fostering the expansion of the real estate market, write Marie Delion and Simeon Djankov.

What will be the political legacy of the COVID-19 pandemic? This column uses data from the 2006-2018 Gallup World Polls to show that epidemic exposure...

What will be the political legacy of the Coronavirus pandemic? We find that epidemic exposure in an individual’s “impressionable years” (ages 18 to 25...

The correlation between monetary growth and inflation has an historic pedigree as long as your arm. This column argues that rejecting the likelihood...

Fiscal crises spur regulatory reform, which, in turn, speed up economic recovery, write Simeon Djankov, Dorina Georgieva and Hibret Maemir.

Crises bring creative destruction. It's time to help new companies and job opportunities emerge, write Simeon Djankov and Frederic Meunier.

It is argued that COVID-19 will reverse the ongoing trend of challenging the value of science and the integrity of scientists. This column shows that...

This paper offers for the first time a global picture of gender discrimination by the law as it affects women’s economic opportunity and charts the...