⚠️ How can risks associated with broad political changes be quantified, and what are the implications of political risk for financial markets and policymakers? 🔍 Read the Analysis by Vito D. Gala, Giovanni Pagliardi, Ivan Shaliastovich and @stavroszenios.bsky.social 🔗 buff.ly/m3c2qQY #EconSky

The growing impact of political risk on financial markets

Risk associated with broad political changes can be quantified with a globally priced factor common across stocks, bonds and currencies

buff.ly

📜 How much of a threat to US debt sustainability is Trump’s One Big Beautiful Bill Act? ⏱️ Debt sustainability can still be achieved, but the clock is ticking 🖊️ Samantha Ajovalasit, Andrea Consiglio and @stavroszenios.bsky.social 🔗 buff.ly/uIXcLD6 #EconSky

How much of a threat to US debt sustainability is Trump’s One Big Beautiful Bill Act?

The US should start fiscal adjustment as soon as it can if it wants to head off the risk of exploding debt related to Trump’s tax and spending plan

buff.ly

🔴 Is US debt reaching a crisis-point? 💡 Comments made yesterday by Goldman CEO David Solomon in Washington, published by @bloomberg.com, echo points raised by Samantha Ajovalasit, Andrea Consiglio and @stavroszenios.bsky.social in their Bruegel Analysis. 🔗 Read here: buff.ly/gipRHwA #EconSky

How much of a threat to US debt sustainability is Trump’s One Big Beautiful Bill Act?

The US should start fiscal adjustment as soon as it can if it wants to head off the risk of exploding debt related to Trump’s tax and spending plan

buff.ly

🎙️ Disaster risk in euro area bond markets @rebeccawire.bsky.social is joined by @ecb.europa.eu Christoph Kaufmann, and Bruegel’s @stavroszenios.bsky.social to unpack how disaster risk, political instability, and investor behaviour collide in euro area bond markets. 🔗 Listen to the episode:

Disaster risk in euro area bond markets

What investment funds tell us about eurozone fragility

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🌍 Political risks can threaten sovereign debt sustainability. Why is political risk analysis is crucial for policymakers and investors? Read the full Analysis by @stavroszenios.bsky.social et al here: https://buff.ly/3P0coPw #econsky

⚠️ What are the effects of political risk on debt sustainability? 💶 The outcomes of this research offer insights for IOs and EU institutions. Read the Working paper by Andrea Consiglio, Giovanni Pagliardi, @sammieajo.bsky.social and @stavroszenios.bsky.social #EconSky 🔗https://buff.ly/42jk1sc

Politics brought me to this platform, so let politics be the first post. On November 6, my co-authored paper on hedging political risk became open access. www.sciencedirect.com/science/arti...

Hedging political risk in international portfolios

We show that internationally diversified portfolios carry sizeable political risk premia and expose investors to tail risk. We obtain political effici…

sciencedirect.com