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Outputs (603)

Macroprudential policies and Brexit: A welfare analysis (2024)
Journal Article
Rubio, M. (in press). Macroprudential policies and Brexit: A welfare analysis. Economic Inquiry, https://doi.org/10.1111/ecin.13214

Brexit will have implications on financial stability and the implementation of macroprudential policies. The United Kingdom (UK) will no longer be subject to the jurisdiction of the European Systemic Risk Board. This paper studies the welfare implica... Read More about Macroprudential policies and Brexit: A welfare analysis.

Sixty Years of the Voting Rights Act: Progress and Pitfalls (2024)
Journal Article
Bernini, A., Facchini, G., Tabellini, M., & Testa, C. (in press). Sixty Years of the Voting Rights Act: Progress and Pitfalls. Oxford Review of Economic Policy,

We review the literature on the effects of the 1965 Voting Rights Act (VRA), which removed formal restrictions to Black political participation. After a brief description of racial discrimination suffered by Black Americans since Reconstruction, we i... Read More about Sixty Years of the Voting Rights Act: Progress and Pitfalls.

The plague, the skill-premium, and the road to modern economic growth (2024)
Journal Article
Jensen, M. K., & Luo, R. (2024). The plague, the skill-premium, and the road to modern economic growth. Macroeconomic Dynamics, https://doi.org/10.1017/S1365100523000573

When bubonic plague arrived in Britain in the mid-14th century, it caused dramatic economic and structural change. Within 50 years, the skill-premium was reduced by half, and another 50 years on, agriculture's share of the labor force had declined by... Read More about The plague, the skill-premium, and the road to modern economic growth.

The role of public external knowledge for firm innovativeness (2024)
Journal Article
García-Vega, M., & Vicente-Chirivella, Ó. (2024). The role of public external knowledge for firm innovativeness. International Journal of Industrial Organization, 93, Article 103056. https://doi.org/10.1016/j.ijindorg.2024.103056

Public research organizations (PROs) and universities receive large amounts of public funding for the generation and transmission of knowledge, and companies contract external knowledge from both. An important question for the management of a firm's... Read More about The role of public external knowledge for firm innovativeness.

Dishonesty and public employment (2023)
Journal Article
Cruces, G., Rossi, M., & Schargrodsky, E. (2023). Dishonesty and public employment. American Economic Review: Insights, 5(4), 511-526. https://doi.org/10.1257/aeri.20220550

We exploit a natural experiment to study the causal link between dishonest behavior and public employment. When military conscription was mandatory in Argentina, eligibility was determined by both a lottery and a medical examination. To avoid conscri... Read More about Dishonesty and public employment.

The Macroprudential Toolkit: Effectiveness and Interactions (2023)
Journal Article
Millard, S., Rubio, M., & Varadi, A. (in press). The Macroprudential Toolkit: Effectiveness and Interactions. Oxford Bulletin of Economics and Statistics, https://doi.org/10.1111/obes.12582

We use a DSGE model with financial frictions and with macroprudential limits on both banks and mortgage borrowers, in the form of capital requirements and maximum debt‐service ratios. We then examine: (i) the impact of different combinations of macro... Read More about The Macroprudential Toolkit: Effectiveness and Interactions.

Corporate acquisitions and firm-level uncertainty: Domestic versus cross-border deals (2023)
Journal Article
Bai, Y., Girma, S., & Riaño, A. (2024). Corporate acquisitions and firm-level uncertainty: Domestic versus cross-border deals. Journal of International Money and Finance, 140, Article 102988. https://doi.org/10.1016/j.jimonfin.2023.102988

This paper investigates how the announcement of acquisitions affect the uncertainty that financial markets perceive about acquiring firms. We use data for publicly-listed firms in the UK between 2004 and 2017 and employ a matching estimator combined... Read More about Corporate acquisitions and firm-level uncertainty: Domestic versus cross-border deals.

Dynamic Investigations of an Endogenous Business Cycle Model with Heterogeneous Agents (2023)
Journal Article
Bougheas, S., Commendatore, P., Gardini, L., & Kubin, I. (2023). Dynamic Investigations of an Endogenous Business Cycle Model with Heterogeneous Agents. Computational Economics, https://doi.org/10.1007/s10614-023-10492-2

We introduce agents'heterogeneity into a model of endogenous business cycles, in which agents can invest either in 'good'projects that contribute to future capital formation, or in 'bad' projects without that property. The resulting map involves thre... Read More about Dynamic Investigations of an Endogenous Business Cycle Model with Heterogeneous Agents.

The economic origins of government (2023)
Journal Article
Allen, R. C., Bertazzini, M. C., & Heldring, L. (2023). The economic origins of government. American Economic Review, 113(10), 2507-2545

We test between cooperative and extractive theories of the origins of government. We use river shifts in southern Iraq as a natural experiment, in a new archeological panel dataset. A shift away creates a local demand for a government to coordinate b... Read More about The economic origins of government.

Digital Training Program for Line Managers (Managing Minds at Work): Protocol for A Feasibility Pilot Cluster Randomised Controlled Trial (2023)
Journal Article
Thomson, L., Hassard, J., Frost, A., Bartle, C., Yarker, J., Munir, F., …Blake, H. (2023). Digital Training Program for Line Managers (Managing Minds at Work): Protocol for A Feasibility Pilot Cluster Randomised Controlled Trial. JMIR Research Protocols, 12, Article e48758. https://doi.org/10.2196/48758

Background: Mental health problems affect 1 in 6 workers annually and are one of the leading causes of sickness absence, with stress, anxiety, and depression being responsible for half of all working days lost in the United Kingdom. Primary intervent... Read More about Digital Training Program for Line Managers (Managing Minds at Work): Protocol for A Feasibility Pilot Cluster Randomised Controlled Trial.