The 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...
View ArticleThe Competitive Effects of Online Education -- by David J. Deming, Michael...
We study the impact of online degree programs on the market for U.S. higher education. Online degree programs increase the competitiveness of local education markets by providing additional options in...
View ArticleSilver Points, Silver Flows, and the Measure of Chinese Financial Integration...
To what degree were Chinese financial markets integrated with the rest of the world prior to the 1949 Revolution and to what extent was the Chinese foreign exchange market efficient during this period?...
View ArticleMainstreaming an Effective Intervention: Evidence from Randomized Evaluations...
Previous randomized studies have shown that addressing children's current learning gaps, rather than following an over-ambitious uniform curriculum, can lead to significant learning gains. In this...
View ArticleNasdaq Names Hans-Ole Jochumsen Vice Chairman - Will Work With Nasdaq's...
Nasdaq (Nasdaq: NDAQ) today announced that Hans-Ole Jochumsen has been named Vice Chairman, Nasdaq, effective January 1, 2017. Jochumsen currently serves as President of Nasdaq, responsible for Global...
View Article99% of actively managed US equity funds underperform
99% of actively managed US equity funds underperform: Surprised only by the 99%, I expected closer to 95-97%....wow... "Amin Rajan, chief executive of Create Research, the consultancy, said: âThese...
View ArticleHKEX To Roll Out Volatility Control Mechanism For Its Derivatives Market
Hong Kong Exchanges and Clearing Limited (HKEX) plans to roll out its Volatility Control Mechanism (VCM) - a measure designed to protect market integrity by preventing extreme price volatility arising...
View ArticleRemarks of Chairman Timothy Massad before the Conference on the Evolving...
Remarks of Chairman Timothy Massad before the Conference on the Evolving Structure of the U.S. Treasury Market
View ArticleAs Part Of Its Commitment To Promote Sustainability Of Stock Exchanges: DFM...
Dubai Financial Market (DFM) today organized a special bell-ringing ceremony to celebrate Dubai’s hosting of the Global Roundtable and Annual General Meeting 2016 of the United Nations Environment...
View ArticleRemarks By Counselor Antonio Weiss At The Evolving Structure Of The U.S....
First, thank you to Bill Dudley and everyone at the Federal Reserve Bank of New York for hosting this conference, and to the other agencies for their leadership on the topics we are here to discuss....
View ArticleShaking Up Boards Would Help Keep Corporations Honest - Hartford Courant
Shaking Up Boards Would Help Keep Corporations Honest - Hartford Courant: While a somewhat extreme view, there is much truth in this. Â Read the whole article not just this reading-bite: Â "Where do...
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