Political Uncertainty

The Milei Question, or: How Liberal Are Right-Wing Populist Parties? A Measurement Approach Using Large Language Models featured image

The Milei Question, or: How Liberal Are Right-Wing Populist Parties? A Measurement Approach Using Large Language Models

Large language models are used to score populist rhetoric and four dimensions of liberalism across party manifestos, showing that right-wing populist anti-liberalism is largely …

Martin Rode
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Populism and Financial Markets

Replication and extension of Stöckl & Rode (2021) examining how populist electoral success affects option-implied risk assessments. Forthcoming in the Edward Elgar Handbook on …

dejan-zafirev
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Political Finance featured image

Political Finance

Using market prices to measure how political events and populist electoral shifts are priced into equities, volatility, and cross-country asset returns.

The Price of Populism - Financial Market Outcomes of Populist Electoral Success featured image

The Price of Populism - Financial Market Outcomes of Populist Electoral Success

We examine the effect of populism on financial markets around national elections. We find that the electoral success of populist parties has a direct impact on volatility in major …

Sebastian Stöckl
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Political Event Portfolios featured image

Political Event Portfolios

We use data from betting markets to analyze the sensitivity of stock returns to potential outcomes of political events such as elections. By classifying stocks into expected …

michael-hanke
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