Enhance Oil and Gas Exploration with Data-Driven Geophysical and...
Enhance Oil & Gas Exploration with Data-Driven Geophysical and Petrophysical Models demonstrates a new approach to geophysics and petrophysics data analysis using the latest methods drawn from Big...
View ArticleDesigning Brand Identity: An Essential Guide for the Whole Branding Team, 5th...
Whether you're the project manager for your company's rebrand, or you need to educate your staff or your students about brand fundamentals, Designing Brand Identity is the quintessential resource. From...
View ArticleLong-range Auto-correlations in Limit Order Book Markets: Inter- and...
Long-range correlation in financial time series reflects the complex dynamics of the stock markets driven by algorithms and human decisions. Our analysis exploits ultra-high frequency order book data...
View ArticlePortfolio Optimization and Model Predictive Control: A Kinetic Approach....
In this paper, we introduce a large system of interacting financial agents in which each agent is faced with the decision of how to allocate his capital between a risky stock or a risk-less bond. The...
View ArticleOptimal Purchasing Policy For Mean-Reverting Items in a Finite Horizon....
In this research we study a finite horizon optimal purchasing problem for items with a mean reverting price process. Under this model a fixed amount of identical items are bought under a given...
View ArticleKobe Steel, Middle Managers, and Unethical Behavior
The Wall Street Journal reports today about the results of an interim investigation into the product quality scandal at Japan's Kobe Steel. According to the newspaper, "Kobe Steel Ltd. released a...
View ArticleDaily Price Limits and Destructive Market Behavior -- by Ting Chen, Zhenyu...
We use account-level data from the Shenzhen Stock Exchange to show that daily price limits, a widely adopted market stabilization mechanism, may lead to unintended, destructive market behavior: large...
View ArticleThe Life-Cycle Dynamics of Exporters and Multinational Firms -- by Anna...
This paper studies the life-cycle dynamics of exporters and multinational enterprises (MNEs). We present a dynamic model of trade and MNE activity in which the mode of serving a market depends on the...
View ArticlePremium or Penalty? Labor Market Returns to Novice Public Sector Teachers --...
It is unclear whether public sector teachers are under or overpaid relative to other occupations due to lack of knowledge about teachers' outside labor market options and other unobserved attributes...
View ArticleDoes Economic Insecurity Affect Employee Innovation? -- by Shai Bernstein,...
Do household wealth shocks affect employee productivity? We examine this question through the lens of technological innovation, by comparing employees that worked at the same firm and lived in the same...
View ArticleNowcasting the Local Economy: Using Yelp Data to Measure Economic Activity --...
Can new data sources from online platforms help to measure local economic activity? Government datasets from agencies such as the U.S. Census Bureau provide the standard measures of local economic...
View ArticleThe Development Effects of the Extractive Colonial Economy: The Dutch...
Colonial powers typically organized economic activity in the colonies to maximize their economic returns. While the literature has emphasized long-run negative economic impacts via institutional...
View ArticleOlder Americans Would Work Longer If Jobs Were Flexible -- by John Ameriks,...
Older Americans, even those who are long retired, have strong willingness to work, especially in jobs with flexible schedules. For many, labor force participation near or after normal retirement age is...
View ArticleProductivity and Misallocation in General Equilibrium. -- by David Rezza...
We provide a general non-parametric formula for aggregating microeconomic shocks in general equilibrium economies with distortions such as taxes, markups, frictions to resource reallocation, and...
View ArticleChildren, Time Allocation and Consumption Insurance -- by Richard Blundell,...
We consider the life cycle choices of a household that in each period decides how much to consume and how to allocate spouses' time to work, leisure, and childcare. In an environment with uncertainty,...
View ArticleThe Rise, the Fall, and the Resurrection of Iceland -- by Sigridur...
This paper documents how the Icelandic banking system grew from 100 percent of GDP in 1998 to 9 times GDP in 2008 when it failed. We base the analysis on data from the banks that was made public when...
View ArticleMeasuring Success in Education: The Role of Effort on the Test Itself -- by...
Tests measuring and comparing educational achievement are an important policy tool. We experimentally show that offering students extrinsic incentives to put forth effort on such achievement tests has...
View ArticleWhen Should You Adjust Standard Errors for Clustering? -- by Alberto Abadie,...
In empirical work in economics it is common to report standard errors that account for clustering of units. Typically, the motivation given for the clustering adjustments is that unobserved components...
View ArticleCoCo Issuance and Bank Fragility -- by Stefan Avdjiev, Bilyana Bogdanova,...
The promise of contingent convertible capital securities (CoCos) as a "bail-in" solution has been the subject of considerable theoretical analysis and debate, but little is known about their effects in...
View ArticleWhat Rule for the Federal Reserve? Forecast Targeting -- by Lars E.O. Svensson
How would the policy rule of forecast targeting work for the Federal Reserve? To what extent is the Federal Reserve already practicing forecast targeting? Forecast targeting means selecting a policy...
View Article