Financial Aid, Debt Management, and Socioeconomic Outcomes: Post-College...
Prior research has demonstrated that financial aid can influence both college enrollments and completions, but less is known about its post-college consequences. Even for students whose attainment is...
View ArticleFrom Science to Technology: The Value of Knowledge From Different Energy...
Using an original data set of both scientific articles and patents pertaining to alternative energy technologies, this paper provides new evidence on the flows of knowledge between university, private...
View ArticleMonetary Policy and Asset Valuation: Evidence From a Markov-Switching cay --...
This paper presents evidence of infrequent shifts, or "breaks," in the mean of the consumption-wealth variable cay_{t}, an asset market valuation ratio driven by fluctuations in stock market wealth...
View ArticleA Time to Make Laws and a Time to Fundraise? On the Relation between Salaries...
Paying higher salaries is often believed to enhance worker effort, leading workers to work harder to avoid getting fired. However, workers may also respond to higher salaries by focusing on tasks that...
View ArticleThe Political Economy of Debt and Entitlements -- by Laurent Bouton,...
This paper presents a dynamic political-economic model of total government obligations. Its focus is on the interplay between debt and entitlements. In our model, both are tools by which temporarily...
View ArticleImputation in U.S. Manufacturing Data and Its Implications for Productivity...
In the U.S. Census Bureau's 2002 and 2007 Censuses of Manufactures 79% and 73% of observations respectively have imputed data for at least one variable used to compute total factor productivity. The...
View ArticleLegal Access to Alcohol and Criminality -- by Benjamin Hansen, Glen R. Waddell
Previous research has found strong evidence that legal access to alcohol is associated with sizable increases in criminality. We revisit this relationship using the census of judicial records on...
View ArticleIsrael and the 1990-2015 Global Developments: Riding with the Global Flows...
The global economy has been buffeted by several unprecedented economic events during the past 35 years. We survey the impact of these events on Israel's development, institutions, and economic...
View ArticlePredicting Experimental Results: Who Knows What? -- by Stefano DellaVigna,...
Academic experts frequently recommend policies and treatments. But how well do they anticipate the impact of different treatments? And how do their predictions compare to the predictions of...
View ArticleExclusion Bias in the Estimation of Peer Effects -- by Bet Caeyers, Marcel...
We formalize a noted [Guryan et al., 2009] but unexplored source of bias in peer effect estimation, arising because people cannot be their own peer. We derive, for linear-in-means models with...
View ArticleThe Effects of Unemployment Insurance Benefits: New Evidence and...
The Great Recession has renewed interest in Unemployment Insurance (UI) programs around the world. At the same time, there have been important advances in both theory and measurement of UI. In this...
View ArticleRethinking Financial Contagion. (arXiv:1608.07831v1 [q-fin.RM])
How, and to what extent, does an interconnected financial system endogenously amplify external shocks? This paper attempts to reconcile some apparently different views emerged after the 2008 crisis...
View ArticleCausality and Correlations between BSE and NYSE indexes: A Janus Faced...
We study the multi-scale temporal correlations and causality connections between the New York Stock Exchange (NYSE) and Bombay Stock Exchange (BSE) monthly average closing price indexes for a period of...
View ArticleFinancial Market Dynamics: Superdiffusive or not?. (arXiv:1608.07752v1...
The behavior of stock market returns over a period of 1-60 days has been investigated for S&P 500 and Nasdaq within the framework of nonextensive Tsallis statistics. Even for such long terms, the...
View ArticleForeign Exchange Market Performance: Evidence from Bivariate Time Series...
There are many studies dealing with the analysis of similarity among currencies in foreign exchange market by using network analysis approach. In those studies, each currency is represented by a...
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Shenzhen Stock Exchange Market Bulletin 29 August , 2016, Issue 30
In the first half of 2016, an average of 40,000 new market entities and 14,000 new enterprises were registered daily in China, thanks to a simplified registration process. China has cut red tape for...
View ArticlePublication Of JPX Working Paper, Vol.15 âApplicability Of Distributed...
Japan Exchange Group, Inc. (JPX) today published JPX Working Paper, Vol.15 “Applicability of Distributed Ledger Technology to Capital Market Infrastructure”.JPX Working Papers highlight research and...
View ArticleASIC Releases Guidance On Regulating Digital Advice
ASIC has today released its guidance on providing digital financial product advice for retail investors: Providing digital financial product advice to retail clients (RG 255).read more...
View ArticleEuropean Recognition Of New Zealand FMA Oversight Of Auditors
The European Commission has announced its recognition of the New Zealand audit oversight regime as equivalent to EU standards, permitting NZ-regulated auditors to operate in the European Union. read...
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