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All Outputs (616)

To cut or not to cut: Deforestation policy under the shadow of foreign influence (2024)
Journal Article
Aidt, T. S., Albornoz, F., & Hauk, E. (2024). To cut or not to cut: Deforestation policy under the shadow of foreign influence. Journal of Economic Behavior and Organization, 227, Article 106712

This article explores the complex interplay between deforestation policies and foreign influence, using a game theoretical model to analyze geopolitical factors influencing forest conservation decisions in countries with significant rainforests. The... Read More about To cut or not to cut: Deforestation policy under the shadow of foreign influence.

At the Top of the Mind: Peak Prices and the Disposition Effect (2024)
Journal Article
Quispe-Torreblanca, E., Hume, D., Gathergood, J., Loewenstein, G., & Stewart, N. (in press). At the Top of the Mind: Peak Prices and the Disposition Effect. Journal of Political Economy Microeconomics,

The disposition effect is the reluctance to sell assets at a loss relative to a salient point of reference, typically assumed to be the purchase price. Using data on stocks and housing sales, we show that the peak price achieved by an asset during th... Read More about At the Top of the Mind: Peak Prices and the Disposition Effect.

How to activate threat perceptions in behavior research: A simple technique for inducing health and resource scarcity threats (2024)
Journal Article
Isler, O., Yilmaz, O., Maule, A. J., & Gächter, S. (2024). How to activate threat perceptions in behavior research: A simple technique for inducing health and resource scarcity threats. Behavior Research Methods, https://doi.org/10.3758/s13428-024-02481-6

Understanding our cognitive and behavioral reactions to large-scale collective problems involving health and resource scarcity threats, such as the COVID-19 pandemic, helps us be better prepared for future collective threats. However, existing studie... Read More about How to activate threat perceptions in behavior research: A simple technique for inducing health and resource scarcity threats.

Bonferroni-Type Tests for Return Predictability with Possibly Trending Predictors (2024)
Journal Article
Astill, S., Harvey, D. I., Leybourne, S. J., & Robert Taylor, A. M. (in press). Bonferroni-Type Tests for Return Predictability with Possibly Trending Predictors. Journal of Applied Econometrics,

The Bonferroni Q test of Campbell and Yogo (2006) is widely used in empirical studies investigating predictability in asset returns by strongly persistent and endogenous predictors. Its formulation, however, only allows for a constant mean in the pre... Read More about Bonferroni-Type Tests for Return Predictability with Possibly Trending Predictors.

Design of Partial Population Experiments with an Application to Spillovers in Tax Compliance (2024)
Journal Article
Cruces, G., Tortarolo, D., & Vazquez-Bare, G. (in press). Design of Partial Population Experiments with an Application to Spillovers in Tax Compliance. Review of Economics and Statistics,

We develop a framework to analyze partial population experiments, a generalization of the cluster experimental design where clusters are assigned to different treatment intensities. Our framework allows for heterogeneity in cluster sizes and outcome... Read More about Design of Partial Population Experiments with an Application to Spillovers in Tax Compliance.

Tracking trend output using expectations data (2024)
Journal Article
Lee, K., & Mahony, M. (2024). Tracking trend output using expectations data. Journal of the Royal Statistical Society: Series A, Article qnae064. https://doi.org/10.1093/jrsssa/qnae064

This article proposes a new approach to measuring trend output that exploits survey data on expectations to distinguish the effects of permanent and transitory shocks and to track the time-variation in the processes underlying the determination of ou... Read More about Tracking trend output using expectations data.

On the productivity advantage of cities (2024)
Journal Article
Jacob, N., & Mion, G. (in press). On the productivity advantage of cities. Journal of Economic Geography, Article lbae020. https://doi.org/10.1093/jeg/lbae020

Agglomeration externalities are the key factor explaining the existence of cities and their size. However, while the various micro foundations of agglomeration externalities stress the importance of total factor productivity (TFP), the empirical evid... Read More about On the productivity advantage of cities.

International Trade Liberalization and Domestic Institutional Reform: Effects of WTO Accession on Chinese Internal Migration Policy (2024)
Journal Article
Tian, Y. (2024). International Trade Liberalization and Domestic Institutional Reform: Effects of WTO Accession on Chinese Internal Migration Policy. Review of Economics and Statistics, 106(3), 794-813. https://doi.org/10.1162/rest_a_01175

Economic institutions that impede factor mobility become more costly when an economy experiences substantial transitions such as trade liberalization. I study how trade triggers changes in labor institutions that regulate internal migration in the co... Read More about International Trade Liberalization and Domestic Institutional Reform: Effects of WTO Accession on Chinese Internal Migration Policy.

Inspecting Cross-Border Macro-Financial Mechanisms (2024)
Journal Article
Gerba, E., Leiva-Leon, D., & Rubio, M. (2024). Inspecting Cross-Border Macro-Financial Mechanisms. Journal of International Money and Finance, 145, Article 103094. https://doi.org/10.1016/j.jimonfin.2024.103094

We model structural time-varying macro-financial linkages between the U.S. and euro area using a large dataset for each region. We extract both real and financial cycles and identify shocks, using a factor model with drifting parameters. To interpret... Read More about Inspecting Cross-Border Macro-Financial Mechanisms.

The role of payoff parameters for cooperation in the one-shot Prisoner's Dilemma (2024)
Journal Article
Gächter, S., Lee, K., Sefton, M., & Weber, T. O. (2024). The role of payoff parameters for cooperation in the one-shot Prisoner's Dilemma. European Economic Review, 166, Article 104753. https://doi.org/10.1016/j.euroecorev.2024.104753

The Prisoner's Dilemma is arguably the most important model of social dilemmas, but our knowledge about how its material payoff structure affects cooperation is incomplete. We investigate the effect of variation in material payoffs on cooperation in... Read More about The role of payoff parameters for cooperation in the one-shot Prisoner's Dilemma.

The Coholding Puzzle: New Evidence from Transaction-Level Data (2024)
Journal Article
Gathergood, J., & Olafsson, A. (2024). The Coholding Puzzle: New Evidence from Transaction-Level Data. Review of Financial Studies, https://doi.org/10.1093/rfs/hhae016

Why do individuals pay debt interest when they could use their savings to pay down the debt? We explore why individuals “cohold” debt and savings using detailed and highly disaggregated daily-level data on household finances. We find that coholding m... Read More about The Coholding Puzzle: New Evidence from Transaction-Level Data.

Tests for equal forecast accuracy under heteroskedasticity (2024)
Journal Article
Harvey, D. I., Harvey, D. I., Leybourne, S. J., Leybourne, S. J., & Zu, Y. (2024). Tests for equal forecast accuracy under heteroskedasticity. Journal of Applied Econometrics, 39(5), 850-869. https://doi.org/10.1002/jae.3050

Heteroskedasticity is a common feature in empirical time series analysis, and in this paper, we consider the effects of heteroskedasticity on statistical tests for equal forecast accuracy. In such a context, we propose two new Diebold–Mariano-type te... Read More about Tests for equal forecast accuracy under heteroskedasticity.

Investor Logins and the Disposition Effect (2024)
Journal Article
Quispe-Torreblanca, E., Gathergood, J., Loewenstein, G., & Stewart, N. (in press). Investor Logins and the Disposition Effect. Management Science, https://doi.org/10.1287/mnsc.2022.00359

Using data from an online brokerage, we examine the role of investor logins in trading behavior. We find that a new reference point is created when an investor logs in and views the investor’s portfolio. We observe this as a disposition effect on ret... Read More about Investor Logins and the Disposition Effect.

Macroprudential policies and Brexit: A welfare analysis (2024)
Journal Article
Rubio, M. (2024). Macroprudential policies and Brexit: A welfare analysis. Economic Inquiry, 62(3), 1246-1267. https://doi.org/10.1111/ecin.13214

Brexit will have implications on financial stability and the implementation of macroprudential policies. The United Kingdom (UK) will no longer be subject to the jurisdiction of the European Systemic Risk Board. This paper studies the welfare implica... Read More about Macroprudential policies and Brexit: A welfare analysis.

Sustaining Tanzania's economic development: A firm and household perspective (2024)
Book
Morrissey, O., Semboja, J., & Were, M. (Eds.). (2024). Sustaining Tanzania's economic development: A firm and household perspective. Oxford: Oxford University Press. https://doi.org/10.1093/oso/9780192885746.001.0001

The book addresses the progress and resilience of firms and households in Tanzania. How has growth, access to (export) markets and interlinkages helped establish resilience for firms? What are the key variations in households’ income sources and how... Read More about Sustaining Tanzania's economic development: A firm and household perspective.

Sixty Years of the Voting Rights Act: Progress and Pitfalls (2024)
Journal Article
Bernini, A., Facchini, G., Tabellini, M., & Testa, C. (in press). Sixty Years of the Voting Rights Act: Progress and Pitfalls. Oxford Review of Economic Policy,

We review the literature on the effects of the 1965 Voting Rights Act (VRA), which removed formal restrictions to Black political participation. After a brief description of racial discrimination suffered by Black Americans since Reconstruction, we i... Read More about Sixty Years of the Voting Rights Act: Progress and Pitfalls.

The plague, the skill-premium, and the road to modern economic growth (2024)
Journal Article
Jensen, M. K., & Luo, R. (2024). The plague, the skill-premium, and the road to modern economic growth. Macroeconomic Dynamics, https://doi.org/10.1017/S1365100523000573

When bubonic plague arrived in Britain in the mid-14th century, it caused dramatic economic and structural change. Within 50 years, the skill-premium was reduced by half, and another 50 years on, agriculture's share of the labor force had declined by... Read More about The plague, the skill-premium, and the road to modern economic growth.

The role of public external knowledge for firm innovativeness (2024)
Journal Article
García-Vega, M., & Vicente-Chirivella, Ó. (2024). The role of public external knowledge for firm innovativeness. International Journal of Industrial Organization, 93, Article 103056. https://doi.org/10.1016/j.ijindorg.2024.103056

Public research organizations (PROs) and universities receive large amounts of public funding for the generation and transmission of knowledge, and companies contract external knowledge from both. An important question for the management of a firm's... Read More about The role of public external knowledge for firm innovativeness.

Opening Heaven's Door: Public Opinion and Congressional Votes on the 1965 Immigration Act (2024)
Journal Article
Facchini, G., Hatton, T. J., & Steinhardt, M. F. (2024). Opening Heaven's Door: Public Opinion and Congressional Votes on the 1965 Immigration Act. Journal of Economic History, 84(1), 232-270. https://doi.org/10.1017/S0022050723000529

The 1965 Immigration Act represented a radical shift in US policy, which has been credited with dramatically expanding the volume and changing the composition of immigration. Its passing has often been described as the result of political machination... Read More about Opening Heaven's Door: Public Opinion and Congressional Votes on the 1965 Immigration Act.