All Outputs (574)

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.

The rhetoric of closed borders: quotas, lax enforcement and illegal immigration (2021)
Journal Article
Facchini, G., & Testa, C. (2021). The rhetoric of closed borders: quotas, lax enforcement and illegal immigration. Journal of International Economics, 129, Article 103415. https://doi.org/10.1016/j.jinteco.2020.103415

Governments do not always enforce their laws, even when they have the means of doing so, and lax enforcement is common in the domain of immigration policy. To explain this paradox we develop a political agency model where gains from migration are une... Read More about The rhetoric of closed borders: quotas, lax enforcement and illegal immigration.

Expert assessment of future vulnerability of the global peatland carbon sink (2020)
Journal Article
Loisel, J., Gallego-Sala, A. V., Amesbury, M. J., Magnan, G., Anshari, G., Beilman, D. W., …Wu, J. (2020). Expert assessment of future vulnerability of the global peatland carbon sink. Nature Climate Change, https://doi.org/10.1038/s41558-020-00944-0

© 2020, The Author(s), under exclusive licence to Springer Nature Limited. The carbon balance of peatlands is predicted to shift from a sink to a source this century. However, peatland ecosystems are still omitted from the main Earth system models th... Read More about Expert assessment of future vulnerability of the global peatland carbon sink.

Robust pricing with refunds (2020)
Journal Article
Hinnosaar, T., & Kawai, K. (2020). Robust pricing with refunds. RAND Journal of Economics, 51(4), 1014-1036. https://doi.org/10.1111/1756-2171.12348

Before purchase, a buyer of an experience good learns about the product's fit using various information sources, including some of which the seller may be unaware of. The buyer, however, can conclusively learn the fit only after purchasing and trying... Read More about Robust pricing with refunds.

The anatomy of behavioral responses to social assistance when informal employment is high (2020)
Journal Article
Bergolo, M., & Cruces, G. (2021). The anatomy of behavioral responses to social assistance when informal employment is high. Journal of Public Economics, 193, Article 104313. https://doi.org/10.1016/j.jpubeco.2020.104313

The disincentive effects of social assistance programs on registered (or formal) employment are a first-order policy concern in developing and middle-income countries. We study the impact of a conditional cash transfer (CCT) program in Uruguay on the... Read More about The anatomy of behavioral responses to social assistance when informal employment is high.

Micro to Macro: Optimal Trade Policy With Firm Heterogeneity (2020)
Journal Article
Costinot, A., Rodríguez-Clare, A., & Werning, I. (2020). Micro to Macro: Optimal Trade Policy With Firm Heterogeneity. Econometrica, 88(6), 2739-2776. https://doi.org/10.3982/ECTA14763

The empirical observation that "large firms tend to export, whereas small firms do not" has transformed the way economists think about the determinants of international trade. Yet, it has had surprisingly little impact on how economists think about t... Read More about Micro to Macro: Optimal Trade Policy With Firm Heterogeneity.

Do Better-Performing Nongovernmental Organizations Report More Accurately? Evidence from Financial Accounts in Uganda (2020)
Journal Article
Burger, R., Dang, C. T., & Owens, T. (2021). Do Better-Performing Nongovernmental Organizations Report More Accurately? Evidence from Financial Accounts in Uganda. Economic Development and Cultural Change, 69(2), 789-828. https://doi.org/10.1086/703099

We use Benford’s Law to investigate inaccurate financial reports of a representative sample of Ugandan nongovernmental organizations (NGOs). We find that 25% of the sample provided information that did not conform to the Benford distribution, suggest... Read More about Do Better-Performing Nongovernmental Organizations Report More Accurately? Evidence from Financial Accounts in Uganda.

Under-utilised crops and rural livelihoods: Bambara groundnut in Tanzania (2020)
Journal Article
Boulay, B., Khan, R., & Morrissey, O. (2021). Under-utilised crops and rural livelihoods: Bambara groundnut in Tanzania. Oxford Development Studies, 49(1), 88-103. https://doi.org/10.1080/13600818.2020.1839040

Indigenous crops are often neglected in development research, largely because they are grown in particular localities and only account for modest shares of agricultural production at a national level. This article aims to rectify this neglect with re... Read More about Under-utilised crops and rural livelihoods: Bambara groundnut in Tanzania.

Brexit Uncertainty and Trade Disintegration (2020)
Journal Article
Graziano, A., Handley, K., & Limão, N. (2021). Brexit Uncertainty and Trade Disintegration. Economic Journal, 131(635), 1150–1185. https://doi.org/10.1093/ej/ueaa113

We estimate the uncertainty effects of preferential trade disagreements. Increases in the probability of Britain’s exit from the European Union (Brexit) reduce bilateral export values and trade participation. These effects are increasing in trade pol... Read More about Brexit Uncertainty and Trade Disintegration.

Economic uncertainty before and during the COVID-19 pandemic (2020)
Journal Article
Altig, D., Baker, S., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., …Thwaites, G. (2020). Economic uncertainty before and during the COVID-19 pandemic. Journal of Public Economics, 191, Article 104274. https://doi.org/10.1016/j.jpubeco.2020.104274

We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based policy uncertainty, Twitter chatter about economic uncertainty, subjective uncertainty abo... Read More about Economic uncertainty before and during the COVID-19 pandemic.

Cyclo(RGDfK) Functionalized Spider Silk Cell Scaffolds: Significantly Improved Performance in Just One Click (2020)
Journal Article
Harvey, D., Bray, G., Zamberlan, F., Amer, M., Goodacre, S. L., & Thomas, N. R. (2020). Cyclo(RGDfK) Functionalized Spider Silk Cell Scaffolds: Significantly Improved Performance in Just One Click. Macromolecular Bioscience, https://doi.org/10.1002/mabi.202000255

Recombinant spider silk has the potential to provide a new generation of biomaterial scaffolds as a result of its degree of biocompatibility and lack of immunogenicity. These recombinant biomaterials are, however, reported to exhibit poor cellular ad... Read More about Cyclo(RGDfK) Functionalized Spider Silk Cell Scaffolds: Significantly Improved Performance in Just One Click.

Monetary Policy, Credit Markets, and Banks: A DSGE Perspective (2020)
Journal Article
Rubio, M. (2020). Monetary Policy, Credit Markets, and Banks: A DSGE Perspective. Economics Letters, 195, Article 109481. https://doi.org/10.1016/j.econlet.2020.109481

The monetary policy transmission mechanism changed after the 2008 crisis. Evidence shows that credit markets and the banking system play now a predominant role in the pass-through of monetary policy to the real economy. This paper examines the moneta... Read More about Monetary Policy, Credit Markets, and Banks: A DSGE Perspective.

Optimal similarity judgments in intertemporal choice (and beyond) (2020)
Journal Article
Adriani, F., & Sonderegger, S. (2020). Optimal similarity judgments in intertemporal choice (and beyond). Journal of Economic Theory, 190, Article 105097. https://doi.org/10.1016/j.jet.2020.105097

We use a simple cost-benefit analysis to derive optimal similarity judgments – addressing the question: when should we expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive resour... Read More about Optimal similarity judgments in intertemporal choice (and beyond).

Collective management of an environmental threat when exposure is heterogeneous: A complementary methods approach (2020)
Journal Article
Barr, A., Owens, T., & Perera, A. (2020). Collective management of an environmental threat when exposure is heterogeneous: A complementary methods approach. World Development, 135, Article 105078. https://doi.org/10.1016/j.worlddev.2020.105078

We adopt a complementary methods approach to investigate whether and how heterogeneity in individual returns to a public good affects public good provision. We engage smallholder farmers in Sri Lanka in: a one-shot, framed, lab-in-the-field experimen... Read More about Collective management of an environmental threat when exposure is heterogeneous: A complementary methods approach.