20th Annual Shorcan Charity Day Raises Over $630,000
Shorcan Brokers Limited (Shorcan), TMX Group's fixed income interdealer broker, held its 20th Annual Charity Day on January 18, 2018 raising more than $630,000. Each year, Shorcan donates revenue from...
View ArticleBattle-Testing Lightning: 26 Schools Start Contest to Secure Bitcoinâs...
Organizers hope a new competition will spur security advances for Lightning, but also steer bitcoin debates in more constructive directions.
View ArticleLightning Network May Not Solve Bitcoin's Scaling 'Trilemma'
It isn’t possible to have decentralization, a fixed money supply and sufficient liquidity for an efficient payments system, says Frances Coppola.
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NASDAQ Composite Hits an Inflation-Adjusted High
Hey, it only took 18 years to eclipse the prior high in purchasing power terms! Better than the Great Depression!read more...
View Articleecurities Commission Malaysia: Positive Progress Made On Gender Diversity
In the Malaysian Code on Corporate Governance (MCCG) released on 26 April 2017, companies are required to disclose their gender diversity policy, targets and measures. In addition, Large Companies as...
View ArticlePublic Blockchain's Lure Will Become Irresistible for Enterprises in 2018
Decentralized public blockchains are the only way enterprises will commit to digitizing services in an interoperable manner, says EY's Paul Brody.
View ArticleThe Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market...
To view the detailed Weekly Stock Market Ownership and Trading Activity Report (by Nationality and Investor Type) for Main Market and Nomu-Parallel Market please Click Here
View ArticleContortions for Compliance: Life Under New York's BitLicense
New York passed the BitLicense in a vacuum. Now state and federal laws are catching up, often with poor coordination, causing a compliance nightmare.
View ArticleMartin Luther King - Why I Am Opposed To The War In Vietnam; And Its Meaning...
I missed Martin Luther King’s birthday by a few days but wanted to get this up regardless. King has been discussed on here as one of the most profound leaders in human history. I was thinking the...
View ArticleErgodic robust maximization of asymptotic growth. (arXiv:1801.06425v1...
We consider the problem of robustly maximizing the growth rate of investor wealth in the presence of model uncertainty. Possible models are all those under which the assets' region $E$ and...
View ArticleAffine forward variance models. (arXiv:1801.06416v1 [q-fin.MF])
We introduce the class of affine forward variance (AFV) models of which both the conventional Heston model and the rough Heston model are special cases. We show that AFV models can be characterized by...
View ArticleAI, Labor, Productivity and the Need for Firm-Level Data -- by Robert...
We summarize existing empirical findings regarding the adoption of robotics and AI and its effects on aggregated labor and productivity, and argue for more systematic collection of the use of these...
View ArticleReconciling Results on Racial Differences in Police Shootings -- by Roland G....
Police use of force - particularly lethal force - is one of the most divisive issues of the twenty-first century. To understand the nexus of race, criminal justice, and police brutality, academics and...
View ArticleThe Information Content of Dividends: Safer Profits, Not Higher Profits -- by...
Contrary to the central predictions of signaling models, changes in profits do not empirically follow changes in dividends, and firms with the least need to signal pay the bulk of dividends. We show...
View ArticleChanging Business Dynamism and Productivity: Shocks vs. Responsiveness -- by...
The pace of job reallocation has declined in all U.S. sectors since 2000. In standard models, aggregate job reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by...
View ArticleAI and Jobs: the role of demand -- by James Bessen
Artificial intelligence (AI) technologies will automate many jobs, but the effect on employment is not obvious. In manufacturing, technology has sharply reduced jobs in recent decades. But before that,...
View ArticleThe Macroeconomics of Rational Bubbles: A User's Guide -- by Alberto Martin,...
This paper provides a guide to macroeconomic applications of the theory of rational bubbles. It shows that rational bubbles can be easily incorporated into standard macroeconomic models, and...
View ArticleRamsey Strikes Back: Optimal Commodity Taxes and Redistribution in the...
An influential result in modern optimal tax theory, the Atkinson and Stiglitz (1976) theorem, holds that for a broad class of utility functions, all redistribution should be carried out through labor...
View ArticleCensored Quantile Instrumental Variable Estimation with Stata -- by Victor...
Many applications involve a censored dependent variable and an endogenous independent variable. Chernozhukov, Fernandez-Val, and Kowalski (2015) introduced a censored quantile instrumental variable...
View ArticleThe Impact of Health on Labor Market Outcomes: Experimental Evidence from...
While economists have posited that health investments increase earnings, isolating the causal effect of health is challenging due both to reverse causality and unobserved heterogeneity. We examine the...
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