Of Mice and Merchants: Trade and Growth in the Iron Age -- by Jan David...
We study the causal connection between trade and development using one of the earliest massive trade expansions: the first systematic crossing of open seas in the Mediterranean during the time of the...
View ArticleHigh-Skill Immigration, Innovation, and Creative Destruction -- by Gaurav...
Economists have identified product entry and exit as a primary channel through which innovation impacts economic growth. In this paper, we document how high-skill immigration affects product...
View ArticleCredit Supply and Housing Speculation -- by Atif Mian, Amir Sufi
Credit supply expansion fuels housing speculation, generating a boom and bust in house prices. U.S. zip codes more exposed to the 2003 acceleration of the private label mortgage securitization (PLS)...
View ArticleDoes When You Die Depend on Where You Live? Evidence from Hurricane Katrina...
We follow Medicare cohorts over time and space to estimate Hurricane Katrina's long-run mortality effects on elderly and disabled victims initially living in New Orleans. Inclusive of the initial...
View ArticleTemperature and High-Stakes Cognitive Performance: Evidence from the National...
We provide the first nation-wide estimates on temperature effects on high-stakes cognitive performance in a developing country using data from the National College Entrance Examination (NCEE) in China....
View ArticlePositively Aware? Conflicting Expert Reviews and Demand for Medical Treatment...
We study the impact of expert reviews on the demand for HIV treatments. A novel feature of our study is that we observe two reviews for each HIV drug and focus attention on consumer responses when...
View ArticleGuns and Violence: The Enduring Impact of Crack Cocaine Markets on Young...
Crack cocaine markets were associated with substantial increases in violence in the U.S. during the 1980s and 1990s. Using cross-city variation in the emergence of these markets, we show that the...
View ArticleSchool Spirit: Legislator School Ties and State Funding for Higher Education...
We explore a new mechanism to understand state funding for public colleges and universities by leveraging data on the educational experiences of state legislators, specifically if and where they...
View ArticleCurrency Wars? Unconventional Monetary Policy Does Not Stimulate Exports --...
I investigate whether countries that use unconventional monetary policy (UMP) experience export booms. I use a popular gravity model of trade which requires neither the exogeneity of UMP, nor...
View ArticleEmpirical Properties of Diversion Ratios -- by Christopher T. Conlon, Julie...
A diversion ratio, which measures the fraction of consumers that switch from one product to an alternative after a price increase, is a central calculation of interest to antitrust authorities for...
View ArticleSample-Selection Bias and Height Trends in the Nineteenth-Century United...
After adjusting for sample-selection bias, I find a net decline in average stature of 0.64 inches in the birth cohorts of 1832--1860 in the US. This result supports the veracity of the Antebellum...
View ArticleThe Role of the Propensity Score in Fixed Effect Models -- by Dmitry...
We develop a new approach for estimating average treatment effects in the observational studies with unobserved cluster-level heterogeneity. The previous approach relied heavily on linear fixed effect...
View ArticleThe Labor Market for Teachers Under Different Pay Schemes -- by Barbara Biasi
Compensation of most US public school teachers is rigid and solely based on seniority. This paper studies a 2011 reform that gave school districts in Wisconsin full autonomy to redesign teacher pay...
View ArticlePeer Effects in Water Conservation: Evidence from Consumer Migration -- by...
Social interactions are widely understood to influence consumer decisions in many choice settings. This paper identifies causal peer effects in water conservation during the growing season, utilizing...
View ArticlePeter Thiel, Bitmain Co-Founder Invest in EOS Developer Block.one
In a fresh round of funding, Block.one has added to its line-up of major investors PayPal co-founder Peter Thiel and bitcoin mining giant Bitmain.
View ArticleCourt Approves Alleged Bitcoin Money Launder's Extradition to France
In a legal tug-of-war between France, Russia and the U.S., Greek courts have ruled in France's favour to take over custody of Alexander Vinnik.
View ArticleAl Ramz Capital LLC Regrets Falling Short Of DFSA Requirements In 2014
Al Ramz Capital LLC ("Al Ramz”) notes the DFSA’s decision to fine Al Ramz for failing to fully comply with a DFSA notice to provide information and cooperate during the course of an investigation in...
View ArticleSEC Charges Oil Company CEO, Board Member With Hiding Personal Loans - Loans...
The Securities and Exchange Commission today charged the former CEO of Energy XXI Ltd. with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for...
View ArticleThomson Reuters And FINBOURNE To Develop Cloud-Based Portfolio Hosting For...
Thomson Reuters today announced a partnership agreement with London-headquartered FINBOURNE Technology to use FINBOURNE’s cloud-based advanced investment management platform, LUSID®, for Thomson...
View ArticleBME: RESTABELL Becomes New Issuer In MARF
Restabell Franquicias today launched a new bond programme on MARF, BME’s Fixed Income market for SMEs. With this addition, the number of companies that have relied on MARF to raise funds stands at...
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