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Flood Damage Survey and Assessment: New Insights from Research and Practice
Several scholars across the globe identified the present lack of high quality damage data as the main constraint to efficient risk mitigation. The need for a systematic collection of damage data in the...
View ArticleWiley GAAP for Governments 2017: Interpretation and Application of Generally...
Wiley GAAP for Governments 2017Â provides the latest information on GAAP, with coverage designed specifically for government entities. With a focus on the practical rather than the academic, this book...
View ArticleQuantum Barro--Gordon Game in Monetary Economics. (arXiv:1708.05689v1...
Classical game theory addresses decision problems in multi-agent environment where one rational agent's decision affects other agents' payoffs. Game theory has widespread application in economic,...
View ArticleIOSCO consults on recommendations to improve transparency of corporate bond...
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View ArticleLearning to Live in a Liquidity Trap -- by Jasmina Arifovic, Stephanie...
The Taylor rule in combination with the zero lower bound on nominal rates has been shown to create an unintended liquidity-trap equilibrium. The relevance of this equilibrium has been challenged on the...
View ArticleDo Humans Suffer a Psychological Low in Midlife? Two Approaches (With and...
Using seven recent data sets, covering 51 countries and 1.3 million randomly sampled people, the paper examines the pattern of psychological well-being from approximately age 20 to age 90. Two...
View ArticlePrice Uncertainty and Price-Contingent Securities -- by Geoffrey Heal
I extend the classical general equilibrium treatment of uncertainty about exogenous states of nature to uncertainty about prices. Traders do not know the prices at which markets will clear but have...
View ArticleThe Affordable Care Act and Ambulance Response Times -- by Charles...
This study contributes to the literature on supply-side adjustments to insurance expansions by examining the effect of the Affordable Care Act (ACA) on ambulance response times. Exploiting temporal and...
View ArticleFirst and Second Generation Impacts of the Biafran War -- by Richard Akresh,...
We analyze long-term impacts of the 1967-1970 Nigerian Civil War, providing the first evidence of intergenerational impacts. Women exposed to the war in their growing years exhibit reduced adult...
View ArticleOligopoly in International Trade: Rise, Fall and Resurgence -- by Keith Head,...
Large firms played a central role in the "new trade" models that became a major focus of trade economists in the early 1980s. Subsequent literature for the most part kept imperfect competition but...
View ArticleTesting for Peer Effects Using Genetic Data -- by John Cawley, Euna Han,...
Estimating peer effects is notoriously difficult because of the reflection problem and the endogeneity of peer group formation. This paper tests for peer effects in obesity in a novel way that...
View ArticleWhat Does (Formal) Health Insurance Do, and For Whom? -- by Amy Finkelstein,...
Health insurance confers benefits to the previously uninsured, including improvements in health, reductions in out-of-pocket spending, and reduced medical debt. But because the nominally uninsured pay...
View ArticleThe Effect of Fertility on Mothers' Labor Supply over the Last Two Centuries...
This paper documents the evolving impact of childbearing on the work activity of mothers. Based on a compiled dataset of 441 censuses and surveys between 1787 and 2015, representing 103 countries and...
View ArticleCommodity Booms and Busts in Emerging Economies -- by Thomas Drechsel,...
Emerging economies, particularly those dependent on commodity exports, are prone to highly disruptive economic cycles. This paper proposes a small open economy model for a net commodity exporter to...
View ArticleThe Decline in Bank-Led Corporate Restructuring in Japan: 1981-2010 -- by...
Using a unique dataset on all major corporate restructuring events in Japan between 1981 and 2010, we examine how bank-led rescue operations in Japan have changed over time. The incidence of...
View ArticleEffects of State-Level Earned Income Tax Credit Laws in the U.S. on Maternal...
The purpose of this paper is to investigate the effects of state-level Earned Income Tax Credit (EITC) laws in the U.S. on maternal health behaviors and infant health outcomes. Using multi-state,...
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...
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