Zcash Completes 'Powers of Tau' Privacy Ceremony
The zcash community has finished its Power of Tau ceremony in anticipation of the Sapling hard fork, which will occur later this year.
View ArticleInnovation: What Problem Are You Trying to Solve?
Innovators and entrepreneurs need to ask themselves: What problem are we trying to solve? Seems simple, right? Yet, in all too many cases, companies simply build new products and services in search...
View ArticleFacebook’s Dystopian “Community”
I watched about ten minutes of Mark Zuckerberg’s testimony before Congress and that’s about all I needed. To hear the terminology Facebook uses inside of the company and referring to its users as...
View ArticleUsing Massive Online Choice Experiments to Measure Changes in Well-being --...
GDP and derived metrics (e.g., productivity) have been central to understanding economic progress and well-being. In principle, the change in consumer surplus (compensating expenditure) provides a...
View ArticleCorporate Foreign Bond Issuance and Interfirm Loans in China -- by Yi Huang,...
This paper uses firm-level data to document and analyze international bond issuance by Chinese non-financial corporations and the use of the proceeds of issuance. We find that dollar issuance is...
View ArticleAmateurs Crowds & Professional Entrepreneurs as Platform Complementors --...
Platforms often have "crowds" of amateurs working on them as complementors, in other cases professional entrepreneurs--or both. What can a platform owner do to implement these outcomes? I document...
View ArticleEffects of the Affordable Care Act on Health Behaviors after Three Years --...
This paper examines the impacts of the Affordable Care Act (ACA) - which substantially increased insurance coverage through regulations, mandates, subsidies, and Medicaid expansions - on behaviors...
View ArticleMortgage-Backed Securities and the Financial Crisis of 2008: a Post Mortem --...
We examine the payoff performance, up to the end of 2013, of non-agency residential mortgage-backed securities (RMBS), issued up to 2008. We have created a new and detailed data set on the universe of...
View ArticleThe Impact of Postdoctoral Fellowships on a Future Independent Career in...
The Ruth L. Kirschstein National Research Service Award (NRSA) program is a major research training program administered by the National Institutes of Health (NIH) with funds appropriated each year by...
View ArticleThe Effect of Infrastructure on Worker Mobility: Evidence from High-Speed...
We use the expansion of the high-speed rail network in Germany as a natural experiment to examine the causal effect of reductions in commuting time between regions on the commuting decisions of workers...
View ArticleSovereign Credit Risk and Exchange Rates: Evidence from CDS Quanto Spreads --...
Sovereign CDS quanto spreads - the difference between CDS premiums denominated in U.S. dollars and a foreign currency - tell us how financial markets view the interaction between a country's likelihood...
View ArticleEnvironmental Policy, Full-Employment Models, and Employment: A Critical...
This paper assesses the use of full-employment computable-general equilibrium (CGE) models to predict the labor-market effects of environmental policy. Specifically, it compares the predictions of a...
View ArticleHealth, Employment, and Disability: Implications from the Undocumented...
Disability benefit recipients in the United States have nearly doubled in the past two decades, growing substantially faster than the population. It is difficult to estimate how much of this increase...
View ArticleFinancial Frictions and Trade Dynamics -- by Paul Bergin, Ling Feng, Ching-Yi...
This paper demonstrates theoretically that a financial shock can have very persistent effects on international trade. Motivation is taken from the aftermath of the dramatic trade collapse in 2008-9,...
View ArticleThe Lack of Wage Growth and the Falling NAIRU -- by David N.F. Bell, David G....
There remains a puzzle around the world over why wage growth is so benign given the unemployment rate has returned to pre-recession levels. It is our contention that a considerable part of the...
View ArticleThe Impact of the Dodd-Frank Act on Small Business -- by Michael D. Bordo,...
There are concerns that the Dodd-Frank Act (DFA) has impeded small business lending. By increasing the fixed regulatory compliance requirements needed to make business loans and operate a bank, the DFA...
View ArticleThe Role of Technology in Mortgage Lending -- by Andreas Fuster, Matthew...
Technology-based ("FinTech") lenders increased their market share of U.S. mortgage lending from 2% to 8% from 2010 to 2016. Using market-wide, loan-level data on U.S. mortgage applications and...
View ArticleInsurance Expansions and Children's Use of Substance Use Disorder Treatment...
This study provides the first evidence on the effects of U.S. state-level private and public insurance expansions on specialty substance use disorder (SUD) treatment use among children ages 12 to 18....
View ArticleVitalik's Serious Joke: The Case for Ending Ethereum Inflation
CoinDesk examines the arguments for and against a proposal that would limit the total number of ether that could ever be issued.
View ArticleSamsung Explores Blockchain for Tracking Global Shipments
Electronics giant Samsung is developing a blockchain platform to manage its global supply chains, according to a report.
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