Federal Court in California Orders Ralph Metters, aka Malachai...
The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Manuel L. Real of the U.S. District Court for the Central District of California entered a Consent Order settling CFTC charges...
View ArticleJSE Delivers Robust Performance For The First Half Of 2016
The JSE delivered robust performance for the first half of 2016, driven by strong growth from almost all divisions.read more...
View ArticleDeutsche Börse: Xetra-Gold Holdings Rise By More Than 50 Per...
The gold held in custody by Deutsche Börse Commodities GmbH for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 90.67 tons, an increase of more than 50 per cent...
View ArticleThe Effects of Pre-Trial Detention on Conviction, Future Crime, and...
Over 20 percent of prison and jail inmates in the United States are currently awaiting trial, but little is known about the impact of pre-trial detention on defendants. This paper uses the detention...
View ArticleInfrequent but Long-Lived Zero-Bound Episodes and the Optimal Rate of...
Countries rarely hit the zero-lower bound on interest rates, but when they do, these episodes tend to be very long-lived. These two features are difficult to jointly incorporate into macroeconomic...
View ArticleOptimal Domestic (and External) Sovereign Default -- by Pablo D'Erasmo,...
Infrequent but turbulent episodes of outright sovereign default on domestic creditors are considered a "forgotten history" in Macroeconomics. We propose a heterogeneous-agents model in which optimal...
View ArticleOpening the Black Box of the Matching Function: the Power of Words -- by...
How do employers attract the right workers? How important are posted wages vs. other job characteristics? Using data from the leading job board CareerBuilder.com, we show that most vacancies do not...
View ArticleThe Consequences of Spatially Differentiated Water Pollution Regulation in...
China's environmental regulators have sought to reduce the Yangtze River's water pollution. We document that this regulatory effort has had two unintended consequences. First, the regulation's spatial...
View ArticleOn What States Do Prices Depend? Answers From Ecuador -- by Craig Benedict,...
In this paper, we argue that differences in the cost structure across sectors play an important role in the decision of firms to adjust their prices. We develop a menu-cost model of pricing in which...
View ArticleThe Elusive Costs of Inflation: Price Dispersion during the U.S. Great...
A key policy question is: How high an inflation rate should central banks target? This depends crucially on the costs of inflation. An important concern is that high inflation will lead to inefficient...
View ArticleTaking the Measure of a Fatal Drug Epidemic -- by Christopher J. Ruhm
This analysis utilizes death certificate data from the Multiple Cause of Death (MCOD) files to better measure the specific drugs involved in drug poisoning fatalities. Statistical adjustment procedures...
View ArticleDesigning Nonlinear Price Schedules for Urban Water Utilities to Balance...
This paper formulates and estimates a household-level, billing-cycle water demand model under increasing block prices that accounts for the impact of monthly weather variation, the amount of vegetation...
View ArticleCharter Schools and Labor Market Outcomes -- by Will S. Dobbie, Roland G....
We estimate the impact of charter schools on early-life labor market outcomes using administrative data from Texas. We find that, at the mean, charter schools have no impact on test scores and a...
View ArticleThe Economic Impact of Universities: Evidence from Across the Globe -- by...
We develop a new dataset using UNESCO source materials on the location of nearly 15,000 universities in about 1,500 regions across 78 countries, some dating back to the 11th Century. We estimate fixed...
View ArticleVenture Capital Data: Opportunities and Challenges -- by Steven N. Kaplan,...
This paper describes the available data and research on venture capital investments and performance. We comment on the challenges inherent in those data and research as well as possible opportunities...
View ArticleMoscow Exchange: Risk Parameters Change For The Securities PLZL
The following risk parameters for the securities PLZL will be changed:read more...
View ArticleWhy A Few Box Office Hits Generate More Revenue Than Ever
The Wall Street Journal reports today on some interesting trends in the movie business. According to this article by Ben Fritz, a small number of blockbuster hits accounts for a higher fraction of...
View ArticleFederal Court in South Carolina Orders Robert S. Leben and Amy L. Leben to...
The U.S. Commodity Futures Trading Commission (CFTC) announced that Chief Judge Terry L. Wooten of the U.S. District Court for the District of South Carolina entered a summary judgment Order against...
View ArticleBBC Hardtalk on reforming economics
This interview, which was just recorded today, will go to air tomorrow at 4.30am, 9.30am, 4.30pm & 8.30PM GMT:read more...
View ArticleFederal Court In South Carolina Orders Robert S. Leben And Amy L. Leben To...
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Chief Judge Terry L. Wooten of the U.S. District Court for the District of South Carolina entered a summary judgment Order...
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