CFA Program Curriculum 2018 Level I, Volumes 1 - 6 Box Set
Clear, concise instruction for all CFA Level I concepts and competencies for the 2018 examThe same official curricula that CFA Program candidates receive with program registration is now publicly...
View ArticleWhy Some Times Are Different: Macroeconomic Policy and the Aftermath of...
Analysis based on a new measure of financial distress for 24 advanced economies in the postwar period shows substantial variation in the aftermath of financial crises. This paper examines the role that...
View ArticleShadow Banking and the Four Pillars of Traditional Financial Intermediation...
Traditional banking is built on four pillars: SME lending, access to public liquidity, deposit insurance, and prudential supervision. This vision has been shattered by repeated bailouts of shadow...
View ArticleEffects of Emigration on Rural Labor Markets -- by Agha Ali Akram, Shyamal...
Rural to urban migration is an integral part of the development process, but there is little evidence on how out-migration transforms rural labor markets. Emigration could benefit landless village...
View ArticleArtificial Intelligence and Economic Growth -- by Philippe Aghion, Benjamin...
This paper examines the potential impact of artificial intelligence (A.I.) on economic growth. We model A.I. as the latest form of automation, a broader process dating back more than 200 years....
View ArticleBiased Beliefs About Random Samples: Evidence from Two Integrated Experiments...
This paper describes results of a pair of incentivized experiments on biases in judgments about random samples. Consistent with the Law of Small Numbers (LSN), participants exaggerated the likelihood...
View ArticleEffects of Episode-Based Payment on Health Care Spending and Utilization:...
We study how physicians respond to financial incentives imposed by episode-based bundled payment (EBP), which encourages lower spending and improved quality for an entire episode of care. Specifically,...
View ArticleThe Economics of Scale-Up -- by Jonathan M.V. Davis, Jonathan Guryan, Kelly...
Most randomized controlled trials (RCT) of social programs test interventions at modest scale. While the hope is that promising programs will be scaled up, we have few successful examples of this...
View ArticleFood vs. Fuel? Impacts of Petroleum Shipments on Agricultural Prices. -- by...
Grain shippers and political figures in North Dakota and nearby states have voiced concern that the dramatic increases in shipments of crude oil by rail have caused service delays and higher costs. We...
View ArticleThe Effects of Perceived Disease Risk and Access Costs on Infant Immunization...
This paper examines the determinants of parental decisions about infant immunization. Using the exact timing of vaccination relative to birth, we estimate the effects of local pertussis outbreaks...
View ArticleSchool District Reform in Newark: Within- and Between-School Changes in...
In 2011-12, Newark launched a set of educational reforms supported by a gift from Facebook CEO Mark Zuckerberg and Priscilla Chan. Using data from 2009 through 2016, we evaluate the change in Newark...
View ArticleDoes Capital Scarcity Matter? -- by Anusha Chari, Peter Blair Henry, Racha...
This paper quantifies the welfare impact of a permanent increase in the level of per capita income brought about by a temporary increase in the growth rate of GDP per capita following capital account...
View ArticleReported Preference vs. Revealed Preference: Evidence from the Propensity to...
We evaluate the consistency of two methods for estimating the effect of an economic policy: i) surveying people to report the change in their behavior caused by the policy, ii) inferring this change...
View ArticleBlind Spots that Derail Careers
Fast Company's Stephanie Vozza writes this week about the need for accurate self-assessment. She argues that being blind about our weaknesses can derail our careers. She cites a new book by Kellogg...
View ArticleDo We Need Economic Inequality?
Although economic inequality provokes widespread disquiet, its supposed necessity is rarely questioned. At best, a basic level of inequality is seen as a necessary evil. At worst, it is seen as...
View ArticleDo We Need Economic Inequality?
Although economic inequality provokes widespread disquiet, its supposed necessity is rarely questioned. At best, a basic level of inequality is seen as a necessary evil. At worst, it is seen as...
View ArticleCFTC Announces Clearinghouse Liquidity Stress Test Results
Staff of the U.S. Commodity Futures Trading Commission (CFTC) today issued a report detailing the results of an evaluation of settlement liquidity at clearinghouses.
View ArticleWeekly Top 5 Papers â October 16th, 2017
1. The Rise of Behavioral Economics: Richard Thaler’s ‘Misbehaving’ by Cass R. Sunstein ( Harvard Law School)read more...
View ArticleGeometric Learning and Filtering in Finance. (arXiv:1710.05829v1 [q-fin.MF])
We develop a method for incorporating relevant non-Euclidean geometric information into a broad range of classical filtering and statistical or machine learning algorithms. We apply these techniques to...
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