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Outputs (648)

Labor Responses, Regulation and Business Churn (2020)
Journal Article
Aloi, M., Dixon, H., & Savagar, A. (2021). Labor Responses, Regulation and Business Churn. Journal of Money, Credit and Banking, 53(1), 119-156. https://doi.org/10.1111/jmcb.12694

We develop a model of sluggish firm entry to explain short-run labor responses to technology shocks. We show that the labor response to technology and its persistence depend on the degree of returns to labor and the rate of firm entry. Existing empir... Read More about Labor Responses, Regulation and Business Churn.

Inflation targeting in low‐income countries: Does IT work? (2020)
Journal Article
Morozumi, A., Bleaney, M., & Mumuni, Z. (2020). Inflation targeting in low‐income countries: Does IT work?. Review of Development Economics, 24(4), 1529-1550. https://doi.org/10.1111/rode.12690

Previous research on inflation targeting (IT) has focused on high‐income countries and emerging market economies (EMEs). Only recently have sufficient data accumulated for the performance of IT in low‐income countries (LICs) to be assessed. We show t... Read More about Inflation targeting in low‐income countries: Does IT work?.

Real‐Time Detection of Regimes of Predictability in the U.S. Equity Premium (2020)
Journal Article
Harvey, D. I., Leybourne, S. J., Sollis, R., & Taylor, A. R. (2021). Real‐Time Detection of Regimes of Predictability in the U.S. Equity Premium. Journal of Applied Econometrics, 36(1), 45-70. https://doi.org/10.1002/jae.2794

We propose new real-time monitoring procedures for the emergence of end-of-sample predictive regimes using sequential implementations of standard (heteroskedasticity-robust) regression t-statistics for predictability applied over relatively short tim... Read More about Real‐Time Detection of Regimes of Predictability in the U.S. Equity Premium.

The differential impact of friendship on cooperative and competitive coordination (2020)
Journal Article
Chierchia, G., Tufano, F., & Coricelli, G. (2020). The differential impact of friendship on cooperative and competitive coordination. Theory and Decision, 89(4), 423-452. https://doi.org/10.1007/s11238-020-09763-3

Friendship is commonly assumed to reduce strategic uncertainty and enhance tacit coordination. However, this assumption has never been tested across two opposite poles of coordination involving either strategic complementarity or substitutability. We... Read More about The differential impact of friendship on cooperative and competitive coordination.

Demand-driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act (2020)
Journal Article
Impullitti, G., Kneller, R., & McGowan, D. (2020). Demand-driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act. Journal of Industrial Economics, 68(2), 328-363. https://doi.org/10.1111/joie.12231

We present novel evidence on the effect of market size on technology adoption and productivity. Our tests exploit a natural experiment in the US corn industry where changes to national energy policy created exogenous increases in demand. Difference-i... Read More about Demand-driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act.

LIONESS Lab: a free web-based platform for conducting interactive experiments online (2020)
Journal Article
Giamattei, M., Yahosseini, K. S., Gächter, S., & Molleman, L. (2020). LIONESS Lab: a free web-based platform for conducting interactive experiments online. Journal- Economic Science Association, 6, 95–111. https://doi.org/10.1007/s40881-020-00087-0

LIONESS Lab is a free web-based platform for interactive online experiments. An intuitive, user-friendly graphical interface enables researchers to develop, test, and share experiments online, with minimal need for programming experience. LIONESS Lab... Read More about LIONESS Lab: a free web-based platform for conducting interactive experiments online.

Property rights and risk aversion: Evidence from a titling program (2020)
Journal Article
Aragón, F. M., Molina, O., & Outes-León, I. W. (2020). Property rights and risk aversion: Evidence from a titling program. World Development, 134, Article 105020. https://doi.org/10.1016/j.worlddev.2020.105020

Evidence suggests that major events, like war or natural disasters, affect risk attitudes. This paper shows that similar effects can also be associated with institutional changes, such as improved property rights. Using the case of a large titling pr... Read More about Property rights and risk aversion: Evidence from a titling program.

Date-stamping multiple bubble regimes (2020)
Journal Article
Harvey, D. I., Leybourne, S. J., & Whitehouse, E. J. (2020). Date-stamping multiple bubble regimes. Journal of Empirical Finance, 58, 226-246. https://doi.org/10.1016/j.jempfin.2020.06.004

Identifying the start and end dates of explosive bubble regimes has become a prominent issue in the econometric literature. Recent research has demonstrated the advantage of a model-based minimum sum of squared residuals estimator, combined with Baye... Read More about Date-stamping multiple bubble regimes.

Risk taking and sharing when risk exposure is interdependent (2020)
Journal Article
Barr, A., Owens, T., & Perera, A. (2020). Risk taking and sharing when risk exposure is interdependent. Journal of Economic Behavior and Organization, 176, 445-460. https://doi.org/10.1016/j.jebo.2020.04.011

© 2020 Elsevier B.V. Using a specially designed experiment, we investigate whether and how interdependence in risk exposure, i.e., risk taking by some members of a potential risk sharing group affecting not only their own but also their co-members' r... Read More about Risk taking and sharing when risk exposure is interdependent.