Readout From A US Treasury Spokesperson Of The Administration’s Meeting...
Today, Treasury Secretary Jacob J. Lew and Assistant to the President for Homeland Security and Counterterrorism Lisa Monaco co-hosted a meeting with financial services executives, financial...
View ArticleETFGI Reports Assets Invested In ETFs/ETPs Listed In Asia Pacific Ex-Japan...
ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed in Asia Pacific ex-Japan reached a new record...
View ArticleUS Justiice Department: Former California-Based Global Vice President Of...
A former Palo Alto, California, based global vice president of SAP SE and two other individuals were charged in a federal indictment for their roles in a scheme to commit insider trading and money...
View ArticleMNI China Business Sentiment Survey: Chinese Business Sentiment Falls To...
Following a pickup in conditions towards the end of the third quarter, business sentiment among China’s largest companies pulled back in October. Chinese firms also re-assessed the outlook for the...
View ArticleInattention and Switching Costs as Sources of Inertia in Medicare Part D --...
The trend towards giving consumers choice about their health plans has invited research on how good they actually are at making these decisions. The introduction of Medicare Part D is an important...
View ArticleMobile Phones, Civic Engagement, and School Performance in Pakistan -- by...
The effective governance of local public services depends critically on the civic engagement of local citizens. However, recent efforts to promote effective citizen oversight of the public-sector...
View ArticleFiscal Risk and the Portfolio of Government Programs -- by Samuel G. Hanson,...
In this paper, we develop a new model for government cost-benefit analysis in the presence of risk. In our model, a benevolent government chooses the scale of a risky project in the presence of two key...
View ArticleDo Recessions Accelerate Routine-Biased Technological Change? Evidence from...
We show that skill requirements in job vacancy postings differentially increased in MSAs that were hit hard by the Great Recession, relative to less hard-hit areas, and that these differences across...
View ArticleAchieving Price Stability by Manipulating the Central Bank's Payment on...
Today, all major central banks pay or collect interest on reserves, and stand ready to use the interest rate as an instrument of monetary policy. We show that by paying an appropriate rate on reserves,...
View ArticleLocal Government and Old-Age Support in the New Deal -- by Daniel K. Fetter
A key question in the design of public assistance to the needy is how allocation of responsibility for funding and decision-making across different levels of government influences the level and type of...
View ArticleThe Effects of Income Mobility and Tax Persistence on Income Redistribution...
We explore the effect of income mobility and the persistence of redistributive tax policy on the level of redistribution in democratic societies. An infinite-horizon theoretical model is developed, and...
View ArticleInternational Financial Adjustment in a Canonical Open Economy Growth Model...
Gourinchas and Rey (2007) have shown that international financial adjustment (IFA) in the path of expected future returns on a country's international investment portfolio can complement or even...
View ArticleThe Determinants of Quality Specialization -- by Jonathan I. Dingel
A growing literature suggests that high-income countries export high-quality goods. Two hypotheses may explain such specialization, with different implications for welfare, inequality, and trade...
View ArticleEndogenous Network Formation in Congress -- by Nathan Canen, Francesco Trebbi
This paper presents and structurally estimates a model of endogenous network formation and legislative activity of career-motivated politicians. Employing data on socialization and legislative effort...
View ArticleA New Financial Order in Asia: Will a RMB bloc emerge? -- by Takatoshi Ito
The objective of this paper is three-fold. First, the monetary and exchange rate regimes of the Asian countries are described and analyzed. The degrees of flexibility in exchange rates and capital...
View ArticleCan Online Delivery Increase Access to Education? -- by Joshua Goodman, Julia...
Though online technology has generated excitement about its potential to increase access to education, most research has focused on comparing student performance across online and in-person formats. We...
View ArticleThe Effect of Air Pollution on Investor Behavior: Evidence from the S&P...
We provide detailed empirical evidence of a direct effect of air pollution on the efficient operation of the New York Stock Exchange, linking short-term variations in fine particulate matter (PM2.5) in...
View ArticleNotes on the Economics of Energy Storage -- by Geoffrey Heal
The increasing importance of intermittent renewable energy sources suggests a growing importance for energy storage as a way of smoothing the variable output. In this paper I investigate factors...
View ArticleA Model of Fickle Capital Flows and Retrenchment: Global Liquidity Creation...
Gross capital flows are very large and highly cyclical. They are a central aspect of global liquidity creation and destruction. They also exhibit rich internal dynamics that shape fluctuations in...
View ArticleEvidence for the Effects of Mergers on Market Power and Efficiency -- by...
Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the difficulty of separating these two effects. We use newly-developed techniques to...
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