Outputs (662)

Dynamic Persuasion with Outside Information (2021)
Journal Article
Bizzotto, J., Rüdiger, J., & Vigier, A. (2021). Dynamic Persuasion with Outside Information. American Economic Journal: Microeconomics, 13(1), 179-194. https://doi.org/10.1257/mic.20180141

A principal seeks to persuade an agent to accept an offer of uncertain value before a deadline expires. The principal can generate information, but exerts no control over exogenous outside information. The combined effect of the deadline and outside... Read More about Dynamic Persuasion with Outside Information.

Christian missions and anti-gay attitudes in Africa (2021)
Journal Article
Ananyev, M., & Poyker, M. (2021). Christian missions and anti-gay attitudes in Africa. Journal of Economic Behavior and Organization, 184, 359-374. https://doi.org/10.1016/j.jebo.2021.02.003

We argue that colonial Christian missions had a long-term impact on anti-gay attitudes in Africa. We use a geo-coded representative survey of African countries and the location of historical Christian missions to estimate a significant and economical... Read More about Christian missions and anti-gay attitudes in Africa.

Simple Tests for Stock Return Predictability with Good Size and Power Properties (2021)
Journal Article
Harvey, D. I., Leybourne, S. J., & Taylor, A. M. R. (2021). Simple Tests for Stock Return Predictability with Good Size and Power Properties. Journal of Econometrics, 224(1), 198-214. https://doi.org/10.1016/j.jeconom.2021.01.004

We develop easy-to-implement tests for return predictability which, relative to extant tests in the literature, display attractive finite sample size control and power across a wide range of persistence and endogeneity levels for the predictor. Our a... Read More about Simple Tests for Stock Return Predictability with Good Size and Power Properties.

Reserve Volatility and the Identification of Exchange Rate Regimes (2021)
Journal Article
Bleaney, M., & Tian, M. (2021). Reserve Volatility and the Identification of Exchange Rate Regimes. Open Economies Review, 32(4), 701–723. https://doi.org/10.1007/s11079-021-09617-7

Should exchange rate regime classifications be based purely on some measure of exchange rate flexibility, or should such flexibility be judged in proportion to the degree of exchange market pressure (EMP), as reflected in the behaviour of internation... Read More about Reserve Volatility and the Identification of Exchange Rate Regimes.

Growing Like China: Firm Performance and Global Production Line Position (2021)
Journal Article
Chor, D., Manova, K., & Yu, Z. (2021). Growing Like China: Firm Performance and Global Production Line Position. Journal of International Economics, 130, Article 103445. https://doi.org/10.1016/j.jinteco.2021.103445

Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms posit... Read More about Growing Like China: Firm Performance and Global Production Line Position.

Who Looks after the Kids? The Effects of Childcare Choice on Early Childhood Development in China (2021)
Journal Article
Zhang, J., Appleton, S., Song, L., & Liu, B. (2021). Who Looks after the Kids? The Effects of Childcare Choice on Early Childhood Development in China. Oxford Bulletin of Economics and Statistics, 83(3), 619-640. https://doi.org/10.1111/obes.12410

This paper examines whether childcare choice affects the early childhood development of children aged 7-59 months. Using the data from Chinese Family Panel Surveys, we look at household choices between parental and grandparental cares and the timing... Read More about Who Looks after the Kids? The Effects of Childcare Choice on Early Childhood Development in China.

Redenomination risk in eurozone corporate bond spreads (2021)
Journal Article
Bleaney, M., & Veleanu, V. (2021). Redenomination risk in eurozone corporate bond spreads. European Journal of Finance, 27(13), 1303-1325. https://doi.org/10.1080/1351847x.2021.1882524

We investigate the risk spillover from euro area government bond spreads (relative to a safe German government bond of similar maturity) to nonfinancial corporate bonds in France, the Netherlands (‘hard’ euro-area countries), and Italy, Portugal and... Read More about Redenomination risk in eurozone corporate bond spreads.

The association between gambling and financial, social and health outcomes in big financial data (2021)
Journal Article
Muggleton, N., Parpart, P., Newall, P., Leake, D., Gathergood, J., & Stewart, N. (2021). The association between gambling and financial, social and health outcomes in big financial data. Nature Human Behaviour, 5, 319-326. https://doi.org/10.1038/s41562-020-01045-w

Gambling is an ordinary pastime for some people, but is associated with addiction and harmful outcomes for others. Evidence of these harms is limited to small sample, crosssectional self-reports, such as prevalence surveys. We examine the association... Read More about The association between gambling and financial, social and health outcomes in big financial data.

Adaptive Testing for Cointegration With Nonstationary Volatility (2021)
Journal Article
Boswijk, H. P., & Zu, Y. (2022). Adaptive Testing for Cointegration With Nonstationary Volatility. Journal of Business and Economic Statistics, 40(2), 744-755. https://doi.org/10.1080/07350015.2020.1867558

This article develops a class of adaptive cointegration tests for multivariate time series with nonstationary volatility. Persistent changes in the innovation variance matrix of a vector autoregressive model lead to size distortions in conventional c... Read More about Adaptive Testing for Cointegration With Nonstationary Volatility.

Zoomshock: The geography and local labour market consequences of working from home (2021)
Journal Article
De Fraja, G., Matheson, J., & Rockey, J. (2021). Zoomshock: The geography and local labour market consequences of working from home. Covid Economics, 1-41

The Covid-19 health crisis has led to a substantial increase in work done from home, which shifts economic activity across geographic space. We refer to this shift as a 'Zoomshock'. The Zoomshock has implications for locally consumed services; the cl... Read More about Zoomshock: The geography and local labour market consequences of working from home.