Michele Cascarano

Europe at the crossroads The greatest existential threat since WWII is here. To survive, Europe must grow teeth — not just markets

The Russian strike against Poland is not, strictly speaking, a full-blown attack, nor is it a simple provocation. Now that the United States has lost every ounce of deterrence under the weight of Trump’s corruption, Putin is probing the ground.

Wow, super interesting!

"Cultural Bonds" by Cascarano, Garcia-Appendini, Sekerci, and Stradi.

"We find that households of different cultural origins invest differently in government bonds..., reflecting cultural differences in the perception of public debt."

www.norges-bank.no/en/news-even...

Come muore una democrazia Per accorgersi della transizione all’autoritarismo bisogna misurare il prezzo dell’opposizione. Gli Stati Uniti hanno già oltrepassato la linea

Come si riconosce il momento in cui la democrazia cede il passo all’autoritarismo? Misurando il costo dell’opposizione. In una democrazia, i cittadini non vengono puniti per l’opposizione pacifica a chi detiene il potere. Negli Stati Uniti, la transizione è già avvenuta.

"There is no hierarchy in causal inference."

Also every causal inference researcher:

The Effect: An Introduction to Research Design and Causality The Effect: An Introduction to Research Design and Causality, Second edition is about research design, specifically concerning research that uses observational data to make a causal inference. It is s...

The second edition of The Effect is now available for preorder! This version has a whole new chapter on Partial Identification, a considerable update on staggered treatment and control variables in DID, and zillions of other little updates throughout. www.routledge.com/The-Effect-A...

The Faculty of Economics and Management of the Free University of Bozen-Bolzano is seeking excellent candidates to fill the following academic position: Associate Professor in Finance LINK: webservices.scientificnet.org/rest/uisdata... #EconSky

a) Accetturo, Cascarano & de Blasio, RSUE. In Italian areas more exposed to pirate raids, easier-to-defend but less productive locations ended up in being relatively more populated, effects persisted until 1960s t.ly/_l6xT

Super interesting!

"Cultural Bonds" by M Cascarano, E Garcia-Appendini, N Sekerci, and F Stradi

"We uncover significant cultural differences in the investment in government bonds...these differences stem from distinct risk perceptions of these bonds..."

 papers.ssrn.com/sol3/papers....

Summarizing the major advances in the field of economic geography over the past decade creating a tight link between theory and data, from Treb Allen and Costas Arkolakis https://www.nber.org/papers/w33436

Weathering the storm: the impact of the Vaia storm on tourism flows - Climatic Change This paper analyzes the effects of an extreme wind event on the tourism sector in an Italian alpine region. The findings reveal that, in the second and third years following the shock, municipalities ...

Read more: link.springer.com/article/10.1...

Summer stays in storm-hit areas of Trentino-South Tyrol dropped by a fifth in the years following the event, highlighting the sector's vulnerability to climate shocks. Tackling climate change and building resilience is more important than ever.

Extreme weather events pose a serious threat to tourism. In our research with Michael Bernardi and Francesca Modena, now published in Climatic Change, we analyzed the effects of the Vaia storm on the sector.

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These are 10 of my favourite #UrbanEconomics articles published in academic journals in 2024 (continues a tradition started in 2018, order is alphabetical by first author, no ranking implied):