The Political Economy of Underfunded Municipal Pension Plans -- by Jeffrey...
This paper analyzes the determinants of underfunding of local government's pension funds using a politico-economic overlapping generations model. We show that a binding downpayment constraint in the...
View ArticleKeeping College Options Open: A Field Experiment to Help All High School...
Recent research suggests that the college application process itself prevents access. This paper reports results from a large school-based experiment in which application assistance is incorporated...
View ArticleMacroeconomics and Household Heterogeneity -- by Dirk Krueger, Kurt Mitman,...
The goal of this chapter is to study how, and by how much, household income, wealth, and preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the U.S. Great Recession of...
View ArticleClaims-Shifting: The Problem of Parallel Reimbursement Regimes -- by Olesya...
Parallel reimbursement regimes, under which providers have some discretion over which payer gets billed for patient treatment, are a common feature of health care markets. In the U.S., the largest such...
View ArticleAdult Mortality Five Years after a Natural Disaster: Evidence from the Indian...
Exposure to extreme events has been hypothesized to affect subsequent mortality because of mortality selection and scarring effects of the event itself. We examine survival at and in the five years...
View ArticleDoes Legalization Reduce Black Market Activity? Evidence from a Global Ivory...
Black markets are estimated to represent a fifth of global economic activity, but their response to policy is poorly understood because participants systematically hide their actions. It is widely...
View ArticleThe Effect of Cigarette Prices on Cigarette Sales: Exploring Heterogeneity in...
Numerous studies have examined the effect of cigarette prices on cigarette consumption. These studies either evaluate the price elasticity of demand for each observation and report the average price...
View ArticleHKEX Welcomes Its First Listings Of Leveraged And Inverse Products
Hong Kong Exchanges and Clearing Limited (HKEX) today (Monday) welcomed its first listings of Leveraged and Inverse Products, or L&I Products (please see table below for details).read more...
View Article13Jun/Understanding the changing equilibrium real interest rates in Asia-Pacific
This paper studies the evolution of the equilibrium real interest rate (ie natural or neutral interest rate) in Asia-Pacific. I take an empirical approach to estimate the rate, simple estimates suggest...
View Article13Jun/Output gaps and policy stabilisation in Latin America: the effect of...
We provide a measure of the output gap that filters out the impact of the commodity and net capital inflows booms for Latin American countries. These two factors temporarily boost output and so are...
View ArticleMonthly Summary Bulgarian Stock Exchange-Sofia May 2016
Click here to download the statistics for the market performance of the Bulgarian Stock Exchange in May, 2016. read more...
View ArticleACER Invites All Interested Parties To Its 10th Public Debrief In Brussels
In the interest of increasing the transparency and awareness of the Agency’s work, the ACER Board of Regulators (BoR) holds, on a quarterly basis, a public debrief to present the recent activities of...
View ArticleSEC To Permit Voluntary Filing Using Inline XBRL
The Securities and Exchange Commission today announced that it will allow companies to voluntarily file structured financial statement data in a format known as Inline XBRL. This initiative represents...
View ArticleBME: Hadley Investments SOCIMI To Start Trading On MAB On 15 June
The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on HADLEY INVESTMENTS SOCIMI,stating that the company is...
View ArticleACER Publishes A New Edition Of Questions & Answers On REMIT
The Agency has published another monthly edition of the Questions & Answers on REMIT (Q&A). In the Q&A the Agency answers to questions it has received via remit(at)acer.europa.eu. Updates...
View ArticleUKâs Financial Conduct Authority: Former Equities Trader At Schroders...
Damian Clarke, a former equities trader at Schroders Investment Management has today been sentenced to two years imprisonment having pleaded guilty to nine counts of insider dealing.read more...
View ArticleSIFMA Statement On âFINRA CEO Transition
SIFMA today issued the following statement on the Financial Industry Regulatory Authority’s (FINRA) announcement that its Board of Governors has appointed Robert W. Cook as president and CEO, effective...
View ArticleWeekly Announcements â June 13, 2016
Announcing East-West Center Workshop on Mega-Regionalism Online Proceedings on SSRNread more...
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