Populism

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 …

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 …

Political Finance

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

Populism, financial markets, and political capitalism

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 …