Temperature Effects on Productivity and Factor Reallocation: Evidence from a...
This paper uses detailed production data from a half million Chinese manufacturing plants over 1998-2007 to estimate the effects of temperature on firm-level total factor productivity (TFP), factor...
View ArticleMeans-Testing Federal Health Entitlement Benefits -- by Andrew Samwick
Recent federal legislation has linked the price paid for health insurance benefits to current income. Under the Patient Protection and Affordable Care Act of 2010, individuals and families with income...
View ArticleTherapeutic Translation in the Wake of the Genome -- by Manuel I. Hermosilla,...
The completion of the Human Genome Project ("HGP") led many scientists to predict a swift revolution in human therapeutics. Despite large advances, however, this revolution has been slow to...
View ArticleGlobal Trade and the Dollar -- by Emine Boz, Gita Gopinath, Mikkel...
We document that the U.S. dollar exchange rate drives global trade prices and volumes. Using a newly constructed data set of bilateral price and volume indices for more than 2,500 country pairs, we...
View ArticleDigital Innovation and the Distribution of Income -- by Dominique Guellec,...
Income inequalities have increased in most OECD countries over the past decades; particularly the income share of the top 1%. In this paper we argue that the growing importance of digital innovation -...
View ArticleIncentive Constrained Risk Sharing, Segmentation, and Asset Pricing -- by...
Incentive problems make assets imperfectly pledgeable. Introducing these problems in an otherwise canonical general equilibrium model yields a rich set of implications. Asset markets are endogenously...
View ArticleECB Policies Involving Government Bond Purchases: Impact and Channels -- by...
We evaluate the effects of three ECB policies (the Securities Markets Programme, the Outright Monetary Transactions, and the Long-Term Refinancing Operations) on government bond yields. We use a novel...
View ArticleFinancial Crises and Lending of Last Resort in Open Economies -- by Luigi...
We study financial panics in a small open economy with floating exchange rates. In our model, bank runs trigger a decline in domestic wealth and a currency depreciation. Runs are more likely when banks...
View ArticleNudging: A Very Short Guide by Cass R. Sunstein :: SSRN
Nudging: a very short guide.https://t.co/nZoEFf6aGt â Cass Sunstein (@CassSunstein) November 6, 2017
View ArticleBubble Value at Risk: A Countercyclical Risk Management Approach, Revised...
Bubble Value at Risk: A Countercyclical Risk Management Approach, Revised Edition @wiley_finance https://t.co/mtBiPHNboD â moneyscience (@moneyscience)â¦
View ArticleMost EU firms plan retreat from UK suppliers - CIPS
63% of non-British European companies expect to move some of their supply chain out of Britain, up from 44% in May https://t.co/5ipW1KLjIP â Pawel Swidlickiâ¦
View ArticleOpinion of Chairman J. Christopher Giancarlo
Opinion of Chairman J. Christopher Giancarlo An EU Plan to Invade U.S. Markets
View ArticleShould You Take a Vote at the Start of Meetings?
David Marquet has written an interesting article for Forbes this week regarding decision-making processes. He begins with a statement of the problem that many organizations must address: "It's not that...
View ArticleCFTC Commissioner Quintenz Names Margo Bailey Special Counsel
Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz announced today that Margo Bailey will serve as his Special Counsel.
View ArticleWeekly Top 5 Papers â November 6th, 2017
1. Private Benefits in Public Offerings: Tax Receivable Agreements in IPOs by Gladriel Shobe (Brigham Young University – J. Reuben Clark Law School)read more...
View ArticleOptimal portfolio with insider information on the stochastic interest rate....
We consider the optimal portfolio problem where the interest rate is stochastic and the agent has insider information on its value at a finite terminal time. The agent's objective is to optimize the...
View ArticleThe Many Ways Amazon and Others Could Storm the Gates of Finance
The Many Ways Amazon and Others Could Storm the Gates of Finance https://t.co/m1JoIMVv1j â moneyscience (@moneyscience) November 13, 2017
View ArticleRemarks of CFTC Chairman J. Christopher Giancarlo to the ISDA Regulators and...
Remarks of CFTC Chairman J. Christopher Giancarlo to the ISDA Regulators and Industry Forum, Singapore
View ArticleOn the Economics of Audit Partner Tenure and Rotation: Evidence from PCAOB...
This paper provides the first partner tenure and rotation analysis for a large cross-section of U.S. publicly listed firms over an extended period. We analyze the effects on audit quality as well as...
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