Risks in China's Financial System -- by Zheng Michael Song, Wei Xiong
Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several commonly perceived financial risks and discusses their roots in China's...
View ArticleWhat Do Workplace Wellness Programs Do? Evidence from the Illinois Workplace...
Workplace wellness programs cover over 50 million workers and are intended to reduce medical spending, increase productivity, and improve well-being. Yet, limited evidence exists to support these...
View ArticleRegulating Mismeasured Pollution: Implications of Firm Heterogeneity for...
This paper provides the first estimates of within-industry heterogeneity in energy and CO2 productivity for the entire U.S. manufacturing sector. We measure energy and CO2 productivity as output per...
View ArticleIntergenerational Effects of Incarceration -- by Manudeep Bhuller, Gordon B....
An often overlooked population in discussions of prison reform is the children of inmates. How a child is affected depends both on what incarceration does to their parent and what they learn from their...
View ArticleThe Power of Working Longer -- by Gila Bronshtein, Jason Scott, John B....
This paper compares the relative strengths of working longer vs. saving more in terms of increasing a household's affordable, sustainable standard of living in retirement. Both stylized households and...
View ArticleThe Effect of Education on Health and Mortality: A Review of Experimental and...
Education is strongly associated with better health and longer lives. However, the extent to which education causes health and longevity is widely debated. We develop a human capital framework to...
View ArticleShadow Funding Costs: Measuring the Cost of Balance Sheet Constraints -- by...
Recent theory suggests that balance sheet frictions and constraints faced by financial intermediaries can have major asset pricing implications. We propose a new measure of the impact of these...
View ArticleReal Keynesian Models and Sticky Prices -- by Paul Beaudry, Franck Portier
In this paper we present a generalized sticky price model which allows, depending on the parameterization, for demand shocks to maintain strong expansionary effects even in the presence of perfectly...
View ArticleLiquidity Regimes and Optimal Dynamic Asset Allocation -- by Pierre...
We solve for the optimal dynamic asset allocation when expected returns, volatilities, and trading costs follow a regime switching model. The optimal policy is to trade partially towards an aim...
View ArticleFinancial Heterogeneity and the Investment Channel of Monetary Policy -- by...
We study the role of heterogeneity in firms' financial positions in determining the investment channel of monetary policy. Empirically, we show that firms with low leverage or high credit ratings are...
View ArticleWage Dynamics and Returns to Unobserved Skill -- by Lance Lochner, Youngmin...
Economists disagree about the factors driving the substantial increase in residual wage inequality in the U.S. over the past few decades. We identify and estimate a general model of log wage residuals...
View ArticleUSDA Forecasts: A meta-analysis study. (arXiv:1801.06575v1 [econ.EM])
The primary goal of this study is doing a meta-analysis research on two groups of published studies. First, the ones that focus on the evaluation of the United States Department of Agriculture (USDA)...
View ArticleCommodity Merchant Louis Dreyfus Trials Blockchain for Soybean Trade
Louis Dreyfus, a major commodities trading company, has announced that it has piloted a blockchain-based transaction system developed by a group of financial institutions including ING.
View ArticleCoinbase Taps Twitter Vet to Bolster Customer Support Team
Coinbase has added Twitter's former vice president of operations and user services to its team in an effort to improve its customer service.
View ArticleSEC 'Looking Closely' at Public Company Blockchain Pivots, Says Chairman
The SEC is investigating companies that have made recent waves in markets with their public pivots toward blockchain.
View ArticleBitcoin Slides More Than 10 Percent to Near $10,000 Level
The price of bitcoin is down more than 10% today, according to CoinDesk's Bitcoin Price Index (BPI).
View ArticleUS Senators Blast Venezuela's Oil-Backed Cryptocurrency Plan
U.S. Senators Marco Rubio (R.-Fl) and Robert Menendez (D.-NJ) have denounced Venezuela's planned cryptocurrency in a new letter.
View ArticleUnited Nations Conference On Trade And Development - Global Foreign Direct...
Global flows of foreign direct investment (FDI) fell by 16% in 2017 to an estimated US$1.52 trillion, from a revised US$1.81 trillion in 2016, according to the latest UNCTAD Global Investment Trends...
View ArticleFTSE Russell: Advisor Use Of Smart Beta Growing, But With Geographic...
68-79% of US-, UK- and Canada-based financial advisors “aware,” yet only 35% on average are “very familiar” with smart beta investment strategiesread more...
View ArticleFINRA Launches Small Firm Helpline To Provide Enhanced Support - New FINRA360...
The Financial Industry Regulatory Authority (FINRA) today launched a Small Firm Helpline, the latest in a series of actions to enhance support for small firms that have been taken as part of the...
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