Outputs (604)

Investor Logins and the Disposition Effect (2024)
Journal Article
Quispe-Torreblanca, E., Gathergood, J., Loewenstein, G., & Stewart, N. (in press). Investor Logins and the Disposition Effect. Management Science, https://doi.org/10.1287/mnsc.2022.00359

Using data from an online brokerage, we examine the role of investor logins in trading behavior. We nd that a new reference point is created when an investor logs in and views their portfolio. We observe this as a disposition eeect on returns since l... Read More about Investor Logins and the Disposition Effect.

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.

Sustaining Tanzania's Economic Development: A Firm and Household Perspective (2024)
Book
Morrissey, O., Semboja, J., & Were, M. (Eds.). (2024). Sustaining Tanzania's Economic Development: A Firm and Household Perspective. Oxford: Oxford University Press. https://doi.org/10.1093/oso/9780192885746.001.0001

The book addresses the progress and resilience of firms and households in Tanzania. How has growth, access to (export) markets and interlinkages helped establish resilience for firms? What are the key variations in households’ income sources and how... Read More about Sustaining Tanzania's Economic Development: A Firm and Household Perspective.

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. (2024). The Macroprudential Toolkit: Effectiveness and Interactions. Oxford Bulletin of Economics and Statistics, 86(2), 335-384. 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.