Mostly Harmless Regulation? Electronic Cigarettes, Public Policy and Consumer...
Electronic cigarettes are a less harmful alternative to combustible cigarettes. We analyze data on e-cigarette choices in an online experimental market. Our data and mixed logit model capture two...
View ArticleCan Superstition Create a Self-Fulfilling Prophecy? School Outcomes of Dragon...
In Chinese culture those who are born in the year of the Dragon under the zodiac calendar are believed to be destined for good fortune and greatness, and parents prefer their kids to be born in a...
View ArticleMispriced Index Option Portfolios -- by George M. Constantinides, Michal...
The optimal portfolio of a utility-maximizing investor trading in the S&P 500 index and cash, subject to proportional transaction costs, becomes stochastically dominated when overlaid with a...
View ArticleRethinking the Power of Forward Guidance: Lessons from Japan -- by Mark Gertler
In the spring of 2013 the Bank of Japan introduced a state-of-the-art monetary policy which included among other things inflation targeting and aggressive use of forward guidance. In contrast to the...
View ArticleThe Time-Varying Price of Financial Intermediation in the Mortgage Market --...
The U.S. mortgage market links homeowners with savers all over the world. In this paper, we ask how much of the flow of money from savers to borrowers goes to the intermediaries that facilitate these...
View ArticleReal Exchange Rates, Income per Capita, and Sectoral Input Shares -- by...
Aggregate price levels are positively related to GDP per capita across countries. We propose a mechanism that rationalizes this observation through sectorial differences in intermediate input shares....
View ArticleCyclical Dispersion in Expected Defaults -- by Joao F. Gomes, Marco...
A growing literature shows that credit indicators forecast aggregate real outcomes. While researchers have proposed various explanations, the economic mechanism behind these results remains an open...
View ArticleThe Gendered Spillover Effect of Young Children's Health on Human Capital:...
Recent policy debates on closing the education gender gap in developing countries have focused on cash transfers, but standard models of intrahousehold allocation imply that reducing the opportunity...
View ArticleIndustrial Development and Long-Run Prosperity -- by Raphael Franck, Oded Galor
This research explores the long-run effect of industrialization on the process of development. In contrast to conventional wisdom that views industrial development as a catalyst for economic growth,...
View ArticleHealth Insurance and the Boomerang Generation: Did the 2010 ACA Dependent...
We test whether the ACA dependent care provision is associated with young adults' propensity to live with/near parents and to receive food assistance. Data come from the 2008 Survey of Income and...
View ArticleInside Job or Deep Impact? Using Extramural Citations to Assess Economic...
Does academic economic research produce material of scientific value, or are academic economists writing only for clients and peers? Is economics scholarship uniquely insular? We address these...
View ArticleCrime and Violence: Desensitization in Victims to Watching Criminal Events --...
We study desensitization to crime in a lab experiment by showing footage of criminal acts to a group of subjects, some of whom have been previously victimized. We measure biological markers of stress...
View ArticleRegulation of Charlatans in High-Skill Professions -- by Jonathan B. Berk,...
We model a market for a skill that is in short supply and high demand, where the presence of charlatans (professionals who sell a service that they do not deliver on) is an equilibrium outcome. We use...
View ArticleGoods and Factor Market Integration: A Quantitative Assessment of the EU...
The economic effects from labor market integration are crucially affected by the extent to which countries are open to trade. In this paper we build a multi-country dynamic general equilibrium model...
View ArticleUnemployment: Study of Causes and Possible Solutions. (arXiv:1708.06704v1...
The following measures against unemployment are proposed: In the short term, to promote greater income for the poorest sectors. It is shown that this can be paid with the resulting increased...
View ArticleDynamic correlations at different time-scales with Empirical Mode...
The Empirical Mode Decomposition (EMD) provides a tool to characterize time series in terms of its implicit components oscillating at different time-scales. We apply this decomposition to intraday time...
View ArticleHow Confident Should We Be in Our Hiring Decisions?
Hiring decisions are so critical for leaders, yet they often prove to be the most vexing choices that individuals have to make. Organizations are constantly seeking better ways to screen candidates....
View ArticleNew Breed of Super Quants at NYU Prep for Wall Street
New Breed of Super Quants at NYU Prep for Wall Street https://t.co/wfejWvaVCZ #quant #finance â moneyscience (@moneyscience) August 23, 2017
View ArticleBeyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial...
What impact has Fintech had on financial services? Read our new report: https://t.co/fCMFbQbBBk http://pic.twitter.com/ytNYBLvkPa â World Economic Forum (@wef)â¦
View ArticleThe era of blind faith in big data must end
Bad algorithms are weapons of math destruction. @mathbabedotorg https://t.co/ZES4OEEJiZ â TED Talks (@TEDTalks) August 22, 2017
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