All Outputs (573)

Bank capital, financial stability and Basel regulation in a low interest-rate environment (2020)
Journal Article

The current low interest-rate environment poses new challenges to international bank regulation policies. This paper analyzes the role of the Basel regulation in this new context. We study this issue by using a DSGE model with housing and collateral... Read More about Bank capital, financial stability and Basel regulation in a low interest-rate environment.

Do university technology transfers increase firms’ innovation? (2020)
Journal Article

We investigate how technology transfers from universities to private firms influence firm innovativeness. Using data on R&D acquisitions from universities of more than 10,000 Spanish firms for the period 2005-2013 and applying propensity score matchi... Read More about Do university technology transfers increase firms’ innovation?.

Exchange Rate Flexibility: How Should We Measure It? (2020)
Journal Article

This paper first examines some recent exchange rate classification schemes. There is little evidence of a trend towards greater agreement between schemes. There is a probability of between 16 and 28 percent that a peg in one classification scheme is... Read More about Exchange Rate Flexibility: How Should We Measure It?.

Cross-country spillovers from macroprudential regulation: Reciprocity and leakage (2020)
Journal Article

In a globally interconnected banking system, there can be spillovers from domestic macroprudential policies to foreign banks and vice versa, for example, through the presence of foreign branches in the domestic economy. The lack of reciprocity of som... Read More about Cross-country spillovers from macroprudential regulation: Reciprocity and leakage.

How Hard Is It to Maximize Profit? Evidence from a 19th century Italian State Monopoly (2020)
Journal Article

In this paper we study the ability of the 19th century Italian government to choose profit maximizing prices for a multiproduct monopolist. We use very detailed historical data on the tobacco consumption in 62 Italian provinces from 1871 to 1888 to e... Read More about How Hard Is It to Maximize Profit? Evidence from a 19th century Italian State Monopoly.

The Australian Real‐Time Fiscal Database: An Overview with Illustrations of Its Use in Analysing Fiscal Policy (2019)
Journal Article

This paper describes a fiscal database for Australia including measures of government spending, revenue, deecits, debt and various sub-aggregates as initially published and subsequently revised. The data vintages are collated from various sources and... Read More about The Australian Real‐Time Fiscal Database: An Overview with Illustrations of Its Use in Analysing Fiscal Policy.

Moderating Loss Aversion: Loss Aversion Has Moderators, But Reports of its Death are Greatly Exaggerated (2019)
Journal Article

Loss aversion, the principle that losses impact decision making more than equivalent gains, is a fundamental idea in consumer behavior and decision making, though its existence has recently been called into question. Across five unique samples (Ntota... Read More about Moderating Loss Aversion: Loss Aversion Has Moderators, But Reports of its Death are Greatly Exaggerated.

Subsidies, spillovers and exports (2019)
Journal Article

© 2019 Elsevier B.V. We ask whether production related subsidies have a role to play in explaining Chinese firms’ export performance. We, firstly, implement an estimation approach that allows for both direct and indirect (“spillover”) effects of the... Read More about Subsidies, spillovers and exports.

The political economy of trade and migration: Evidence from the U.S. Congress (2019)
Journal Article

We compare the drivers of U.S. congressmen's votes on trade and migration reforms since the 1970's. Standard trade theory suggests that trade reforms that lower barriers to goods from less skilled-labor abundant countries and migration reforms that l... Read More about The political economy of trade and migration: Evidence from the U.S. Congress.

Macroprudential policy under incomplete information (2019)
Journal Article

In this paper, we use a DSGE model to study the passive and time-varying implementation of macroprudential policy when policy-makers have noisy and lagged data. The model features an economy with two agents; households and entrepreneurs. Entrepreneur... Read More about Macroprudential policy under incomplete information.

Are Victims Truly Worse Off in the Presence of Bystanders? Revisiting the Bystander Effect (2019)
Journal Article

Previous studies have shown that individuals are less likely to help a person in need when there are “bystanders” present who can also offer help. We designed an experiment to re-examine this “bystander effect” using modified dictator games. We find... Read More about Are Victims Truly Worse Off in the Presence of Bystanders? Revisiting the Bystander Effect.

Social comparisons in job search (2019)
Journal Article

© 2019 Elsevier B.V. Using a laboratory experiment we examine how social comparisons affect behavior in a sequential search task. In a control treatment subjects search in isolation, while in two other treatments subjects get feedback on the search d... Read More about Social comparisons in job search.

Exchange Rate and Inflation Dynamics in a Resource Rich Setting: The Case of Zambia (2019)
Journal Article

This paper investigates the relationship between copper prices, the exchange rate and consumer price inflation in Zambia using a structural vector autoregression with quarterly data for 1995–2014 and a combination of sign and zero restrictions to ide... Read More about Exchange Rate and Inflation Dynamics in a Resource Rich Setting: The Case of Zambia.

People prefer coordinated punishment in cooperative interactions (2019)
Journal Article

Human groups can often maintain high levels of cooperation despite the threat of exploitation by individuals who reap the benefits of cooperation without contributing to its costs1,2,3,4. Prominent theoretical models suggest that cooperation is parti... Read More about People prefer coordinated punishment in cooperative interactions.

Reexamining How Utility and Weighting Functions Get Their Shapes: A Quasi-Adversarial Collaboration Providing a New Interpretation (2019)
Journal Article

Stewart, Reimers and Harris (2015, SRH hereafter) demonstrated that shapes of utility and probability weighting functions could be manipulated by adjusting the distributions of outcomes and probabilities on offer, as predicted by the theory of Decisi... Read More about Reexamining How Utility and Weighting Functions Get Their Shapes: A Quasi-Adversarial Collaboration Providing a New Interpretation.

Preferences for truth-telling (2019)
Journal Article

Private information is at the heart of many economic activities. For decades, economists have assumed that individuals are willing to misreport private information if this maximizes their material payoff. We combine data from 90 experimental studies... Read More about Preferences for truth-telling.

Academic Salaries and Public Evaluation of University Research: Evidence from the UK Research Excellence Framework (2019)
Journal Article

We study the effects of public evaluation of university research on the pay structures of academic departments. A simple equilibrium model of university pay determination shows how the pay-performance relationship can be explained by the incentives i... Read More about Academic Salaries and Public Evaluation of University Research: Evidence from the UK Research Excellence Framework.

What is the association between price and economic activity with cigarette consumption in Cuba from 1980 to 2014? (2019)
Journal Article

Objectives: Cuba is a tobacco producing country that has been economically isolated as a consequence of an embargo imposed by the USA, and has also experienced a severe economic depression in the 1990s after the withdrawal of support by the former So... Read More about What is the association between price and economic activity with cigarette consumption in Cuba from 1980 to 2014?.

Hedonic adaptation to treatment: evidence from a medical intervention (2019)
Journal Article

We investigate whether changes in life circumstances lead to long-lasting changes in subjective well-being using a medical intervention that provided orthotic equipment to Ugandan adults with lower limb disabilities. The intervention had a positive e... Read More about Hedonic adaptation to treatment: evidence from a medical intervention.

Promoting voter registration: the effects of low-cost interventions on behaviour and norms (2019)
Journal Article

We report two studies investigating whether, and if so how, different low-cost interventions affect voter registration rates. Low-cost message-based interventions are increasingly used to promote target behaviours. While growing evidence shows that s... Read More about Promoting voter registration: the effects of low-cost interventions on behaviour and norms.