Opening Statement of Commissioner J. Christopher Giancarlo before the CFTC...
Opening Statement of Commissioner J. Christopher Giancarlo before the CFTC Staff Roundtable on Regulation Automated Trading
View ArticleCollege Attrition and the Dynamics of Information Revelation -- by Peter...
This paper investigates the role played by informational frictions in college and the workplace. We estimate a dynamic structural model of schooling and work decisions, where individuals have imperfect...
View ArticleFinancing Durable Assets -- by Adriano A. Rampini
This paper studies the effect of durability on the financing of durable assets. We show that more durable assets require larger down payments of internal funds per unit of capital making them harder to...
View ArticleTuskegee and the Health of Black Men -- by Marcella Alsan, Marianne Wanamaker
For forty years, the Tuskegee Study of Untreated Syphilis in the Negro Male passively monitored hundreds of adult black males with syphilis despite the availability of effective treatment. The study's...
View ArticleThe Incidental Fertility Effects of School Condom Distribution Programs -- by...
While the fertility effects of improving teenagers' access to contraception are theoretically ambiguous, most empirical work has shown that access decreases teen fertility. In this paper, we consider...
View ArticleThe 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...
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