All Outputs (76)

How firms export: processing vs. ordinary trade with financial frictions (2016)
Journal Article
Manova, K., & Yu, Z. (2016). How firms export: processing vs. ordinary trade with financial frictions. Journal of International Economics, 100, https://doi.org/10.1016/j.jinteco.2016.02.005

The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies' choi... Read More about How firms export: processing vs. ordinary trade with financial frictions.

Learning from potentially-biased statistics: Household inflation perceptions and expectations in Argentina (2016)
Journal Article
Cavallo, A., Cruces, G., & Perez-Truglia, R. (2016). Learning from potentially-biased statistics: Household inflation perceptions and expectations in Argentina. Brookings Papers on Economic Activity, Spring 2016, 59-108

When forming expectations, households may be influenced by perceived bias in the information they receive. In this paper, we study how individuals learn from potentially biased statistics using data from both a natural experiment and a survey experim... Read More about Learning from potentially-biased statistics: Household inflation perceptions and expectations in Argentina.

Bond spreads and economic activity in eight European economies (2016)
Journal Article
Bleaney, M., Mizen, P., & Veleanu, V. (in press). Bond spreads and economic activity in eight European economies. Economic Journal, 126(598), https://doi.org/10.1111/ecoj.12288

We provide new insights into the relationship between financial market tightness and real activity, using a new database of corporate bonds issued in eight European countries. Bond spreads have a significant negative relationship with four real activ... Read More about Bond spreads and economic activity in eight European economies.

How do risk attitudes affect measured confidence? (2016)
Journal Article
Murad, Z., Sefton, M., & Starmer, C. (2016). How do risk attitudes affect measured confidence?. Journal of Risk and Uncertainty, 52(1), https://doi.org/10.1007/s11166-016-9231-1

We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent... Read More about How do risk attitudes affect measured confidence?.

Differences in the determinants and targeting of anti-dumping: China and India compared (2016)
Journal Article
Meng, N., Milner, C., & Song, H. (in press). Differences in the determinants and targeting of anti-dumping: China and India compared. Applied Economics, https://doi.org/10.1080/00036846.2016.1150954

Despite both being developing countries, China and India have markedly contrasting patterns in their use and targeting of antidumping (AD) measures. We explore the factors driving AD use by these two countries, considering in turn macroeconomic, stra... Read More about Differences in the determinants and targeting of anti-dumping: China and India compared.

Foreign exchange inflows in emerging markets: how much are they sterilised? (2016)
Journal Article
Bleaney, M., & Devadas, S. (in press). Foreign exchange inflows in emerging markets: how much are they sterilised?. Manchester School, https://doi.org/10.1111/manc.12144

As some emerging market economies have amassed large quantities of foreign exchange reserves, concern has arisen over the sterilisation of the domestic money stock from these flows. Existing studies focus mostly on narrow (reserve) money, and estimat... Read More about Foreign exchange inflows in emerging markets: how much are they sterilised?.

Statistical inference in a random coefficient panel model (2016)
Journal Article
Horváth, L., & Trapani, L. (2016). Statistical inference in a random coefficient panel model. Journal of Econometrics, 193(1), https://doi.org/10.1016/j.jeconom.2016.01.006

This paper studies the asymptotics of the Weighted Least Squares (WLS) estimator of the autoregressive root in a panel Random Coefficient Autoregression (RCA). We show that, in an RCA context, there is no “unit root problem” : the WLS estimator is al... Read More about Statistical inference in a random coefficient panel model.

Tests of the co-integration rank in VAR models in the presence of a possible break in trend at an unknown point (2016)
Journal Article
Harris, D., Leybourne, S. J., & Taylor, A. R. (2016). Tests of the co-integration rank in VAR models in the presence of a possible break in trend at an unknown point. Journal of Econometrics, 192(2), 451-467. https://doi.org/10.1016/j.jeconom.2016.02.010

In this paper we consider the problem of testing for the co-integration rank of a vector autoregressive process in the case where a trend break may potentially be present in the data. It is known that un-modelled trend breaks can result in tests whi... Read More about Tests of the co-integration rank in VAR models in the presence of a possible break in trend at an unknown point.

Social motives in intergroup conflict: group identity and perceived target of threat (2016)
Journal Article
Weisel, O., & Zultan, R. (2016). Social motives in intergroup conflict: group identity and perceived target of threat. European Economic Review, https://doi.org/10.1016/j.euroecorev.2016.01.004

We experimentally test the social motives behind individual participation in intergroup conflict by manipulating the perceived target of threat—groups or individuals—and the symmetry of conflict. We find that behavior in conflict depends on whether o... Read More about Social motives in intergroup conflict: group identity and perceived target of threat.

Measuring loss aversion under ambiguity: a method to make prospect theory completely observable (2016)
Journal Article
Abdellaoui, M., Bleichrodt, H., l'Haridon, O., & van Dolder, D. (2016). Measuring loss aversion under ambiguity: a method to make prospect theory completely observable. Journal of Risk and Uncertainty, 52(1), 1-20. https://doi.org/10.1007/s11166-016-9234-y

We propose a simple, parameter-free method that, for the first time, makes it possible to completely observe Tversky and Kahneman’s (1992) prospect theory. While methods exist to measure event weighting and the utility for gains and losses separately... Read More about Measuring loss aversion under ambiguity: a method to make prospect theory completely observable.

England and Wales: Empirical Findings (2016)
Book Chapter
Kemp, V., & Hodgson, J. (2016). England and Wales: Empirical Findings. In M. Vanderhallen, M. V. Oosterhout, M. Panzavolta, & D. D. Vocht (Eds.), Interrogating young suspects: procedural safeguards from an empirical perspective. Intersentia

Employee incentives: bonuses or penalties? (2016)
Journal Article
Nosenzo, D. (2016). Employee incentives: bonuses or penalties?. https://doi.org/10.15185/izawol.234

Firms regularly use incentives to motivate their employees to be more productive. However, often little attention is paid to the language used in employment contracts to describe these incentives. It may be more effective to present incentives as ent... Read More about Employee incentives: bonuses or penalties?.

Forecasting global recessions in a GVAR model of actual and expected output (2016)
Journal Article
Garratt, A., Lee, K., & Shields, K. (2016). Forecasting global recessions in a GVAR model of actual and expected output. International Journal of Forecasting, 32(2), https://doi.org/10.1016/j.ijforecast.2015.08.004

We compare a Global VAR model of actual and expected outputs with alternative models to assess the role of cross-country interdependencies and confidence in forecasting. Forecast performance is judged on point and density forecasts of growth, on proba... Read More about Forecasting global recessions in a GVAR model of actual and expected output.

Tax policy and the financing of innovation (2016)
Journal Article
Bryce, L. A., Bonfatti, R., & Luigi, P. (2016). Tax policy and the financing of innovation. Journal of Public Economics, 135, https://doi.org/10.1016/j.jpubeco.2015.12.010

We study tax policy in a Schumpeterian growth model with asymmetric information in the financing of innovation. Investors cannot a priori distinguish between more or less talented entrepreneurs. Net-worth allows talented entrepreneurs to self-invest... Read More about Tax policy and the financing of innovation.

Household finances, income shocks and family separation in Britain (2016)
Journal Article
Bridges, S., & Disney, R. (2016). Household finances, income shocks and family separation in Britain. Economic Inquiry, 54(1), 698-718. https://doi.org/10.1111/ecin.12259

We examine the effect of household financial indebtedness on the incidence of partnership dissolution using a large survey of families with children in Britain. We use detailed data on household finances to provide a robust statistical analysis of th... Read More about Household finances, income shocks and family separation in Britain.

Liquidity, interest rates and house prices in the Euro area: a DSGE analysis (2016)
Journal Article
Rubio, M., & Carrasco-Gallego, J. A. (2016). Liquidity, interest rates and house prices in the Euro area: a DSGE analysis. Journal of European Real Estate Research, 9(1), 4-25. https://doi.org/10.1108/JERER-03-2015-0014

In this paper, we propose a two-country monetary union DSGE model with housing, in order to study how different shocks contributed to the increase in housing prices and credit in the EMU prior to the crisis. One of the countries is calibrated to repr... Read More about Liquidity, interest rates and house prices in the Euro area: a DSGE analysis.