CFTC Commitments Of Traders Reports Update
The current reports for the week of November 22, 2016 are now available.read more...
View ArticleFTC And Department Of Justice Submit Comment To FERC On Need For Careful...
The Federal Trade Commission and the Department of Justice’s Antitrust Division have submitted a comment to the U.S. Federal Energy Regulatory Commission (FERC) regarding market power in wholesale...
View ArticleUmbrellas Don’t Cause Rain - Speech By Gertjan Vlieghe, External MPC...
In a speech at Sheffield University, external MPC member Gertjan Vlieghe discusses the how the UK economic outlook has evolved recently and what this implies for the stance of monetary policy. He also...
View ArticleCFTC Divisions Extend Time-Limited No-Action Relief From The Clearing And...
The U.S. Commodity Futures Trading Commission’s (CFTC) Divisions of Clearing and Risk (DCR) and Market Oversight (DMO) today each extended previously-issued no-action relief from the clearing and trade...
View ArticleDepartment Of Justice And Federal Trade Commission Support Federal Energy...
The Department of Justice’s Antitrust Division and the Federal Trade Commission have submitted a comment in response to the U.S. Federal Energy Regulatory Commission’s (FERCs) Notice of Inquiry...
View ArticleSaxo Bank Taps Fix8Pro For Global Market Connectivity
Fix8 Market Tech, the next-gen FIX solution provider, today announced their technology had been chosen by Saxo Bank A/S.read more...
View ArticleRough paths in idealized financial markets. (arXiv:1005.0279v3 [q-fin.GN]...
This paper considers possible price paths of a financial security in an idealized market. Its main result is that the variation index of typical price paths is at most 2, in this sense, typical price...
View ArticlePortfolio optimization near horizon. (arXiv:1611.09300v1 [math.PR])
Portfolio optimization is a well-known problem in mathematical finance concerned with selecting a portfolio which will maximize the expected terminal utility of an investor given today's information...
View ArticleAutomated Economic Reasoning with Quantifier Elimination -- by Casey B. Mulligan
Many theorems in economics can be proven (and hypotheses shown to be false) with "quantifier elimination." Results from real algebraic geometry such as Tarski's quantifier elimination theorem and...
View ArticleCoal Smoke and the Costs of the Industrial Revolution -- by W. Walker Hanlon
While the Industrial Revolution brought economic growth, there is a long debate in economics over the costs of the pollution externalities that accompanied early industrialization. To help settle this...
View ArticleLabor Supply Elasticities: Overcoming Nonclassical Measurement Error Using...
We measure the impact of measurement error in labor-supply elasticities estimated over recalled usual work hours, as is ubiquitous in the literature. Employing hours of work in diaries collected by the...
View ArticleA Poor Means Test? Econometric Targeting in Africa -- by Caitlin Brown,...
Proxy-means testing is a popular method of poverty targeting with imperfect information. In a now widely-used version, a regression for log consumption calibrates a proxy-means test score based on...
View ArticleDisappearing Routine Jobs: Who, How, and Why? -- by Guido Matias Cortes, Nir...
We study the deterioration of employment in middle-wage, routine occupations in the United States in the last 35 years. The decline is primarily driven by changes in the propensity to work in routine...
View ArticleImproving the Quality of Choices in Health Insurance Markets -- by Jason...
Insurance product choice is a central feature of health insurance markets in the United States, yet there is ongoing concern over whether consumers choose appropriately in such markets - and little...
View ArticleThe Demand for Bad Policy when Voters Underappreciate Equilibrium Effects --...
Although most of the political-economy literature blames inefficient policies on institutions or politicians' motives to supply bad policy, voters may themselves be partially responsible by demanding...
View ArticleEvidence on the Relationship between Recruiting and Starting Wage -- by R....
Using data from the Employment Opportunity Pilot Project, we examine the relationship between the starting wage paid to the worker filling a vacancy, the number of applications attracted by the...
View ArticleFracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of...
We quantify the effect of a significant technological innovation, shale oil development, on asset prices. Using stock returns on major news announcement days allows us to link aggregate stock price...
View ArticleThe New Lifecycle of Women's Employment: Disappearing Humps, Sagging Middles,...
A new lifecycle of women's employment emerged with cohorts born in the 1950s. For prior cohorts, lifecycle employment had a hump shape; it increased from the twenties to the forties, hit a peak and...
View ArticleDrug Shortages, Pricing, and Regulatory Activity -- by Christopher Stomberg
This study examines the patterns and causes of shortages in generic non-injectable drugs (e.g., tablets and topicals) in the United States. While shortages for injectable drugs have garnered more...
View ArticleCorrective Policy and Goodhart's Law: The Case of Carbon Emissions from...
Firms sometimes comply with externality-correcting policies by gaming the measure that determines policy. We show theoretically that such gaming can benefit consumers, even when it induces them to make...
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