Outputs (44)

Estimating carbon footprints from large scale financial transaction data (2022)
Journal Article
Trendl, A., Owen, A., Vomfell, L., Kilian, L., Gathergood, J., Stewart, N., & Leake, D. (2023). Estimating carbon footprints from large scale financial transaction data. Journal of Industrial Ecology, 27(1), 56-70. https://doi.org/10.1111/jiec.13351

Financial transactions are increasingly used by consumer apps and financial service providers to estimate consumption-based carbon emissions. This approach promises a low-resource, ultra-fast, and highly scalable approach to measuring emissions at di... Read More about Estimating carbon footprints from large scale financial transaction data.

The Impact of Covid-19 on Productivity (2022)
Journal Article
Bloom, N., Bunn, P., Mizen, P., Smietanka, P., & Thwaites, G. (in press). The Impact of Covid-19 on Productivity. Review of Economics and Statistics,

We analyse the impact of Covid-19 on productivity using data from an innovative monthly firm survey that asks for quantitative impacts of Covid-19 on inputs and outputs. We find total factor productivity (TFP) fell by up to 6% during 2020-21. The ove... Read More about The Impact of Covid-19 on Productivity.

Procrastination in the Field: Evidence from Tax Filing (2022)
Journal Article
Martinez, S. K., Meier, S., & Sprenger, C. (2023). Procrastination in the Field: Evidence from Tax Filing. Journal of European Economic Association, 21(3), 1119-1153. https://doi.org/10.1093/jeea/jvac067

Understanding the structure of time preferences allows for accurate predictions of the effects of changing intertemporal incentives. Behavioral models of present bias are used to rationalize field data seemingly at odds with exponential discounting,... Read More about Procrastination in the Field: Evidence from Tax Filing.

The trade-GDP ratio as a measure of openness (2022)
Journal Article
Bleaney, M., & Tian, M. (2023). The trade-GDP ratio as a measure of openness. World Economy, 46(5), 1319-1332. https://doi.org/10.1111/twec.13355

The ratio of trade to GDP is often used as a summary measure of a country's openness to the rest of the world. It is well known that the trade-GDP ratio is affected by relatively time-invariant factors, such as country size and remoteness from tradin... Read More about The trade-GDP ratio as a measure of openness.

The UK's Great Demand and Supply Recession (2022)
Journal Article
Jacob, N., & Mion, G. (2023). The UK's Great Demand and Supply Recession. Oxford Bulletin of Economics and Statistics, 85(5), 993-1022. https://doi.org/10.1111/obes.12533

We revisit the weak productivity performance of the UK since the Great Recession by means of both a suitable theoretical framework and firm-level price and quantity data for detailed products, allowing us to measure both demand and its changes over t... Read More about The UK's Great Demand and Supply Recession.

The Value of Managers' Export Experience: Lessons from the Angolan Civil War (2022)
Journal Article
Mion, G., Opromolla, L. D., Sforza, A., Ornelas, E., Ottaviano, G., Overman, H., & Pisch, F. (in press). The Value of Managers' Export Experience: Lessons from the Angolan Civil War. Review of Economics and Statistics, https://doi.org/10.1162/rest_a_01278

We investigate how managers help firms grow by entering a new export market. We conduct an event study on the decision to export to Angola using data on Portuguese firms and workers. We evaluate the impact of the presence of managers with experience... Read More about The Value of Managers' Export Experience: Lessons from the Angolan Civil War.

Communicating the move to individualized donor selection policy: Framing messages focused on recipients and safety (2022)
Journal Article
Ferguson, E., Bowen, S., Lawrence, C., Starmer, C., Barr, A., Davison, K., …Brailsford, S. R. (2023). Communicating the move to individualized donor selection policy: Framing messages focused on recipients and safety. Transfusion, 63(1), 171-181. https://doi.org/10.1111/trf.17175

Background: Men-who-have-sex-with-men (MSM) have been deferred from donating blood. However, recent evidence supports the adoption of donor screening based on individuals' sexual behavior over population-based criteria. We explore how best to frame c... Read More about Communicating the move to individualized donor selection policy: Framing messages focused on recipients and safety.

Inference in Heavy-Tailed Nonstationary Multivariate Time Series (2022)
Journal Article
Barigozzi, M., Cavaliere, G., & Trapani, L. (2024). Inference in Heavy-Tailed Nonstationary Multivariate Time Series. Journal of the American Statistical Association, 119(545), 565-581. https://doi.org/10.1080/01621459.2022.2128807

We study inference on the common stochastic trends in a nonstationary, N-variate time series yt, in the possible presence of heavy tails. We propose a novel methodology which does not require any knowledge or estimation of the tail index, or even kno... Read More about Inference in Heavy-Tailed Nonstationary Multivariate Time Series.

Bankruptcy costs, idiosyncratic risk, and long-run growth (2022)
Journal Article
Acosta-Ormaechea, S., & Morozumi, A. (2023). Bankruptcy costs, idiosyncratic risk, and long-run growth. Macroeconomic Dynamics, 27(7), 1807-1842. https://doi.org/10.1017/s1365100522000475

This paper analyzes how idiosyncratic risk, measured by the variance of firm-level idiosyncratic shocks, affects long-run growth when bankruptcy costs are present. These costs are incurred by creditors during the bankruptcy procedure of failing firms... Read More about Bankruptcy costs, idiosyncratic risk, and long-run growth.

Superkurtosis (2022)
Journal Article
Degiannakis, S., Filis, G., Siourounis, G., & Trapani, L. (2023). Superkurtosis. Journal of Money, Credit and Banking, 55(8), 2061-2091. https://doi.org/10.1111/jmcb.12988

Very little is known on how traditional risk metrics behave under intraday trading. We fill this void by examining the finiteness of the returns' moments and assessing the impact of their infinity in a risk management framework. We show that when int... Read More about Superkurtosis.