From the Bargaining Table to the Ballot Box: Political Effects of Right to...
Labor unions play a central role in the Democratic party coalition, providing candidates with voters, volunteers, and contributions, as well as lobbying policymakers. Has the sustained decline of...
View ArticleAre Interest Rates Really Low? -- by Daniel R. Feenberg, Clinton Tepper, Ivo...
Contrary to common perception, many fixed-income investors have not suffered unusually low real interest rates in and after the Great Recession of 2008. This is because taxable investors must first pay...
View ArticleSaving and Dissaving with Hyperbolic Discounting -- by Dan Cao, Ivan Werning
Is the standard hyperbolic-discounting model capable of robust qualitative predictions for savings behavior? Despite results suggesting a negative answer, we provide a positive one. We give conditions...
View ArticleDemographics and FDI: Lessons from China's One-Child Policy -- by John B....
Lucas (1990) argues that the neoclassical adjustment process fails to explain the relative paucity of FDI inflows from rich to poor countries. In this paper we consider a natural experiment: using...
View ArticleEffects of Copyrights on Science - Evidence from the US Book Republication...
Copyrights for books, news, and other types of media are a critical mechanism to encourage creativity and innovation. Yet economic analyses continue to be rare, partly due to a lack of experimental...
View ArticleAI and International Trade -- by Avi Goldfarb, Daniel Trefler
This paper explores the international dimensions of the economics of artificial intelligence. Trade theory emphasizes the roles of scale, competition, and knowledge creation and knowledge diffusion as...
View ArticleArtificial Intelligence and Consumer Privacy -- by Ginger Zhe Jin
Thanks to big data, artificial intelligence (AI) has spurred exciting innovations. In the meantime, AI and big data are reshaping the risk in consumer privacy and data security. In this essay, I first...
View ArticleThe Anatomy of a Trade Collapse: The UK, 1929-33 -- by Alan de Bromhead, Alan...
A recent literature explores the nature and causes of the collapse in international trade during 2008 and 2009. The decline was particularly great for automobiles and industrial supplies; it occurred...
View ArticleN-S Trade with Weak Institutions -- by James E. Anderson
States with weak institutions (South) can lose from institutional response to trade with North. A Ricardian model of trade subject to predation characterizes the case. South labor earns equal returns...
View ArticleExchange Traded Funds 101 For Economists -- by Martin Lettau, Ananth Madhavan
Exchange-traded funds (ETFs) represent one of the most important financial innovations in decades. An ETF is an investment vehicle that trades intraday and seeks to replicate the performance of a...
View ArticleDo Management Interventions Last? Evidence from India -- by Nicholas Bloom,...
Beginning in 2008, we ran a randomized controlled trial that changed management practices in a set of Indian weaving firms (Bloom et al. 2013). In 2017 we revisited the plants and found three main...
View ArticleDo CCTs Improve Employment and Earnings in the Very Long-Term? Evidence from...
We assess long-term impacts of the Mexican conditional cash transfer (CCT) program on youth employment and earnings. We rely on the original random assignment into early and late treatment localities,...
View ArticleLongevity, Education, and Income: How Large is the Triangle? -- by Hoyt Bleakley
While health affects economic development and wellbeing through a variety of pathways, one commonly suggested mechanism is a "horizon" channel in which increased longevity induces additional education....
View ArticleWhat do we know about the effects of Austerity? -- by Alberto F. Alesina,...
This paper summarizes the results of a large recent literature on multi year fiscal plans for deficit reduction (austerity). The key results are that deficit reduction policies based upon spending cuts...
View ArticleOpenDoor $10M Funding Round To Support Platform Innovation
OpenDoor Securities LLC (“OpenDoor”), the first all-to-all marketplace for illiquid US Treasuries, has completed a third $10 million investment round. The funds will help to accelerate its rapid...
View ArticleVolante Technologies And BNY Mellon Collaborate On Payments Technology...
Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments and financial messages, announced today that it has been collaborating with BNY...
View ArticleCFTC Files Eight Anti-Spoofing Enforcement Actions against Three Banks...
The Commodity Futures Trading Commission today announced, in conjunction with the Department of Justice and Federal Bureau of Investigationâs Criminal Investigative Division, criminal and civil...
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Ripple Vets Raising Money for Crypto Hedge Fund
Two former employees of distributed ledger startup Ripple are raising money for a new cryptocurrency hedge fund, public records show.
View ArticleRBC Investor & Treasury Services Appoints Erik Morgan As Head Of Global...
RBC Investor & Treasury Services (I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), today announced the appointment of Erik Morgan as Managing Director, Head of Global Due...
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