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Short and long-term interest rates and the effectiveness of monetary and macroprudential policies (2015)
Journal Article
Rubio, M. (2016). Short and long-term interest rates and the effectiveness of monetary and macroprudential policies. Journal of Macroeconomics, 47A, https://doi.org/10.1016/j.jmacro.2015.09.007

In this paper, I analyze the ability of monetary and macroprudential policies to stabilize both the macroeconomy and financial markets under two different scenarios: short and long-term rates. I develop and solve a New Keynesian dynamic stochastic ge... Read More about Short and long-term interest rates and the effectiveness of monetary and macroprudential policies.

Environmental and energy gains from using molten magnesium-sodium-potassium chlorides for electro-metallisation of refractory metal oxides (2015)
Journal Article
Li, W., Yuan, Y., Jin, X., Chen, H., & Chen, G. Z. (2015). Environmental and energy gains from using molten magnesium-sodium-potassium chlorides for electro-metallisation of refractory metal oxides. Progress in Natural Science, 25(6), 650-653. https://doi.org/10.1016/j.pnsc.2015.11.002

© 2015 The Authors. The molten eutectic mixture of magnesium, sodium and potassium chlorides (MgCl2-NaCl-KCl) has inappreciable solubility for oxide ions, and can help disengage a carbon anode from the oxide ions generated at a metal oxide cathode, a... Read More about Environmental and energy gains from using molten magnesium-sodium-potassium chlorides for electro-metallisation of refractory metal oxides.

Strategic and natural risk in entrepreneurship: an experimental study (2015)
Journal Article
Morgan, J., Orzen, H., Sefton, M., & Sisak, D. (2016). Strategic and natural risk in entrepreneurship: an experimental study. Journal of Economics and Management Strategy, 25(2), https://doi.org/10.1111/jems.12140

We report on the results of experiments where participants choose between entrepreneurship and an outside option. Entrepreneurs enter a market and then make investment decisions to capture value. Payoffs depend on both strategic risk (i.e. the invest... Read More about Strategic and natural risk in entrepreneurship: an experimental study.

A model of firm heterogeneity in factor intensities and international trade (2015)
Journal Article
Emami Namini, J., Facchini, G., & López, R. (2015). A model of firm heterogeneity in factor intensities and international trade. Canadian Journal of Economics / Revue Canadienne d'Économique, 48(4), 1456-1480. https://doi.org/10.1111/caje.12150

Empirical evidence suggests that exporters – besides being more productive – are significantly more skilled labor intensive than non–exporters. In a setting which captures both these features, we show that the firm selection induced by trade liberali... Read More about A model of firm heterogeneity in factor intensities and international trade.

Globalization and wage polarization (2015)
Journal Article
Cozzi, G., & Impullitti, G. (in press). Globalization and wage polarization. Review of Economics and Statistics, 98(5), https://doi.org/10.1162/REST_a_00551

In the 1980s and 1990s, the US labour market experiences a remarkable polarization along with fast technological catch-up, as Europe and Japan improve their global innovation performance. Is foreign technological convergence an important source of wa... Read More about Globalization and wage polarization.

Imported inputs and invoicing currency choice: theory and evidence from UK transaction data (2015)
Journal Article
Chung, W. (2016). Imported inputs and invoicing currency choice: theory and evidence from UK transaction data. Journal of International Economics, 98, https://doi.org/10.1016/j.jinteco.2015.11.003

A significant proportion of international trade is in intermediate goods. This paper considers theoretically and empirically how exporters' dependence on imported inputs affects their choice of invoicing currency. The model predicts that exporters th... Read More about Imported inputs and invoicing currency choice: theory and evidence from UK transaction data.

Global innovation races, offshoring and wage inequality (2015)
Journal Article
Impullitti, G. (2016). Global innovation races, offshoring and wage inequality. Review of International Economics, 24(1), 171-202. https://doi.org/10.1111/roie.12202

In the 1970s and 1980s the US position as the global technological leader was increasingly challenged by Japan and Europe. In those years the US skill premium and residual wage inequality increased substantially. This paper presents a two-region qual... Read More about Global innovation races, offshoring and wage inequality.

Multiple mortality modeling in Poisson Lee–Carter framework (2015)
Journal Article
D'Amato, V., Haberman, S., Piscopo, G., Russolillo, M., & Trapani, L. (2016). Multiple mortality modeling in Poisson Lee–Carter framework. Communications in Statistics - Theory and Methods, 45(6), 1723-1732. https://doi.org/10.1080/03610926.2014.960580

The academic literature in longevity field has recently focused on models for detecting multiple population trends (D'Amato et al., 2012b D'Amato, V., Haberman, S., Piscopo, G., Russolillo, M., Trapani, L. (2012b). Detecting longevity common trends b... Read More about Multiple mortality modeling in Poisson Lee–Carter framework.

Human cooperation in groups: variation begets variation (2015)
Journal Article
Berg, P. V. D., Molleman, L., Junikka, J., Puurtinen, M., & Weissing, F. J. (2015). Human cooperation in groups: variation begets variation. Scientific Reports, 5, Article 16144. https://doi.org/10.1038/srep16144

Many experiments on human cooperation have revealed that individuals differ systematically in their tendency to cooperate with others. It has also been shown that individuals condition their behaviour on the overall cooperation level of their peers.... Read More about Human cooperation in groups: variation begets variation.

Negative and positive externalities in intergroup conflict: exposure to the opportunity to help the outgroup reduces the inclination to harm it (2015)
Journal Article
Weisel, O. (2015). Negative and positive externalities in intergroup conflict: exposure to the opportunity to help the outgroup reduces the inclination to harm it. Frontiers in Psychology, 6(1594), https://doi.org/10.3389/fpsyg.2015.01594

Outgroup hate, in the context of intergroup conflict, can be expressed by harming the outgroup, but also by denying it help. Previous work established that this distinction—whether the externality on the outgroup is negative or positive—has an import... Read More about Negative and positive externalities in intergroup conflict: exposure to the opportunity to help the outgroup reduces the inclination to harm it.

Eye movements in strategic choice (2015)
Journal Article
Stewart, N., Gaechter, S., Noguchi, T., & Mullett, T. L. (2016). Eye movements in strategic choice. Journal of Behavioral Decision Making, 29(2-3), https://doi.org/10.1002/bdm.1901

In risky and other multiattribute choices, the process of choosing is well described by random walk or drift diffusion models in which evidence is accumulated over time to threshold. In strategic choices, level-k and cognitive hierarchy models have b... Read More about Eye movements in strategic choice.

From one to many central plans: drug advertising inspections and intra-national protectionism in China (2015)
Journal Article
Eberhardt, M., Wang, Z., & Yu, Z. (2016). From one to many central plans: drug advertising inspections and intra-national protectionism in China. Journal of Comparative Economics, 44(3), https://doi.org/10.1016/j.jce.2015.10.012

This paper provides the first micro-level evidence for the existence and patterns of intra-national protectionism in China. We demonstrate that drug advertising inspections are used by provincial governments to discriminate against firms from outside... Read More about From one to many central plans: drug advertising inspections and intra-national protectionism in China.

Visible inequality breeds more inequality (2015)
Journal Article
Gaechter, S. (2015). Visible inequality breeds more inequality. Nature, 526, https://doi.org/10.1038/526333a

Experiments suggest that when people can see wealth inequality in their social network, this propels further inequality through reduced cooperation and reduced social connectivity. News & Views comment on Nishi et al, Nature 526, 2015, p. 426-429.

‘I Know My Rights, but Am I Better Off?’: Institutions and Disability in Uganda (2015)
Journal Article
Owens, T., & Torrance, S. (2016). ‘I Know My Rights, but Am I Better Off?’: Institutions and Disability in Uganda. Journal of Development Studies, 52(1), 22-35. https://doi.org/10.1080/00220388.2015.1081174

Uganda is internationally recognised for both its legal and constitutional provisions for people with disabilities, and the presence of disabled persons’ organisations that provide informal advocacy and support. Using a unique dataset of 579 Ugandans... Read More about ‘I Know My Rights, but Am I Better Off?’: Institutions and Disability in Uganda.

Credit counseling: a substitute for consumer financial literacy? (2015)
Journal Article
Disney, R., Gathergood, J., & Weber, J. (2015). Credit counseling: a substitute for consumer financial literacy?. Journal of Pension Economics and Finance, 14(4), https://doi.org/10.1017/S1474747215000219

Is financial literacy a substitute or complement for financial advice? We analyze the decision by consumers to seek financial advice in the form of credit counseling. Credit counseling is an important component of the consumer credit sector for consu... Read More about Credit counseling: a substitute for consumer financial literacy?.

A model of nongovernmental organization regulation with an application to Uganda (2015)
Journal Article
Burger, R., Dasgupta, I., & Owens, T. (2015). A model of nongovernmental organization regulation with an application to Uganda. Economic Development and Cultural Change, 64(1), https://doi.org/10.1086/682885

We develop a model of regulation of service-delivery nongovernmental organizations (NGOs), where future grants are conditional on prior spending of some minimal proportion of current revenue on direct project-related expenses. Such regulation induces... Read More about A model of nongovernmental organization regulation with an application to Uganda.

“Ingroup love” and “outgroup hate” in intergroup conflict between natural groups (2015)
Journal Article
Weisel, O., & Böhm, R. (2015). “Ingroup love” and “outgroup hate” in intergroup conflict between natural groups. Journal of Experimental Social Psychology, 60, https://doi.org/10.1016/j.jesp.2015.04.008

We report on two studies investigating the motivations (“ingroup love” and “outgroup hate”) underlying individual participation in intergroup conflict between natural groups (fans of football clubs, supporters of political parties), by employing the... Read More about “Ingroup love” and “outgroup hate” in intergroup conflict between natural groups.

Fire-sale FDI or business as usual? (2015)
Journal Article
Alquist, R., Mukherjee, R., & Tesar, L. (2016). Fire-sale FDI or business as usual?. Journal of International Economics, 98, 93-113. https://doi.org/10.1016/j.jinteco.2015.09.003

Motivated by a set of stylized facts, we develop a model of cross-border mergers and acquisitions (M&As) to study foreign direct investment (FDI) in emerging markets. We compare acquisitions undertaken during financial crises – so called fire-sale FD... Read More about Fire-sale FDI or business as usual?.