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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.

Labor Responses, Regulation and Business Churn (2020)
Journal Article
Aloi, M., Dixon, H., & Savagar, A. (2021). Labor Responses, Regulation and Business Churn. Journal of Money, Credit and Banking, 53(1), 119-156. https://doi.org/10.1111/jmcb.12694

We develop a model of sluggish firm entry to explain short-run labor responses to technology shocks. We show that the labor response to technology and its persistence depend on the degree of returns to labor and the rate of firm entry. Existing empir... Read More about Labor Responses, Regulation and Business Churn.

Inflation targeting in low‐income countries: Does IT work? (2020)
Journal Article
Morozumi, A., Bleaney, M., & Mumuni, Z. (2020). Inflation targeting in low‐income countries: Does IT work?. Review of Development Economics, 24(4), 1529-1550. https://doi.org/10.1111/rode.12690

Previous research on inflation targeting (IT) has focused on high‐income countries and emerging market economies (EMEs). Only recently have sufficient data accumulated for the performance of IT in low‐income countries (LICs) to be assessed. We show t... Read More about Inflation targeting in low‐income countries: Does IT work?.

Real‐Time Detection of Regimes of Predictability in the U.S. Equity Premium (2020)
Journal Article
Harvey, D. I., Leybourne, S. J., Sollis, R., & Taylor, A. R. (2021). Real‐Time Detection of Regimes of Predictability in the U.S. Equity Premium. Journal of Applied Econometrics, 36(1), 45-70. https://doi.org/10.1002/jae.2794

We propose new real-time monitoring procedures for the emergence of end-of-sample predictive regimes using sequential implementations of standard (heteroskedasticity-robust) regression t-statistics for predictability applied over relatively short tim... Read More about Real‐Time Detection of Regimes of Predictability in the U.S. Equity Premium.

The differential impact of friendship on cooperative and competitive coordination (2020)
Journal Article
Chierchia, G., Tufano, F., & Coricelli, G. (2020). The differential impact of friendship on cooperative and competitive coordination. Theory and Decision, 89(4), 423-452. https://doi.org/10.1007/s11238-020-09763-3

Friendship is commonly assumed to reduce strategic uncertainty and enhance tacit coordination. However, this assumption has never been tested across two opposite poles of coordination involving either strategic complementarity or substitutability. We... Read More about The differential impact of friendship on cooperative and competitive coordination.

Demand-driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act (2020)
Journal Article
Impullitti, G., Kneller, R., & McGowan, D. (2020). Demand-driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act. Journal of Industrial Economics, 68(2), 328-363. https://doi.org/10.1111/joie.12231

We present novel evidence on the effect of market size on technology adoption and productivity. Our tests exploit a natural experiment in the US corn industry where changes to national energy policy created exogenous increases in demand. Difference-i... Read More about Demand-driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act.

LIONESS Lab: a free web-based platform for conducting interactive experiments online (2020)
Journal Article
Giamattei, M., Yahosseini, K. S., Gächter, S., & Molleman, L. (2020). LIONESS Lab: a free web-based platform for conducting interactive experiments online. Journal- Economic Science Association, 6, 95–111. https://doi.org/10.1007/s40881-020-00087-0

LIONESS Lab is a free web-based platform for interactive online experiments. An intuitive, user-friendly graphical interface enables researchers to develop, test, and share experiments online, with minimal need for programming experience. LIONESS Lab... Read More about LIONESS Lab: a free web-based platform for conducting interactive experiments online.

Property rights and risk aversion: Evidence from a titling program (2020)
Journal Article
Aragón, F. M., Molina, O., & Outes-León, I. W. (2020). Property rights and risk aversion: Evidence from a titling program. World Development, 134, Article 105020. https://doi.org/10.1016/j.worlddev.2020.105020

Evidence suggests that major events, like war or natural disasters, affect risk attitudes. This paper shows that similar effects can also be associated with institutional changes, such as improved property rights. Using the case of a large titling pr... Read More about Property rights and risk aversion: Evidence from a titling program.

Date-stamping multiple bubble regimes (2020)
Journal Article
Harvey, D. I., Leybourne, S. J., & Whitehouse, E. J. (2020). Date-stamping multiple bubble regimes. Journal of Empirical Finance, 58, 226-246. https://doi.org/10.1016/j.jempfin.2020.06.004

Identifying the start and end dates of explosive bubble regimes has become a prominent issue in the econometric literature. Recent research has demonstrated the advantage of a model-based minimum sum of squared residuals estimator, combined with Baye... Read More about Date-stamping multiple bubble regimes.

Risk taking and sharing when risk exposure is interdependent (2020)
Journal Article
Barr, A., Owens, T., & Perera, A. (2020). Risk taking and sharing when risk exposure is interdependent. Journal of Economic Behavior and Organization, 176, 445-460. https://doi.org/10.1016/j.jebo.2020.04.011

© 2020 Elsevier B.V. Using a specially designed experiment, we investigate whether and how interdependence in risk exposure, i.e., risk taking by some members of a potential risk sharing group affecting not only their own but also their co-members' r... Read More about Risk taking and sharing when risk exposure is interdependent.

Testing for strict stationarity in a random coefficient autoregressive model (2020)
Journal Article
Trapani, L. (2021). Testing for strict stationarity in a random coefficient autoregressive model. Econometric Reviews, 40(3), 220-256. https://doi.org/10.1080/07474938.2020.1773667

We propose a procedure to decide between the null hypothesis of (strict) stationarity and the alternative of non-stationarity, in the context of a Random Coefficient AutoRegression (RCAR). The procedure is based on randomising a diagnostic which dive... Read More about Testing for strict stationarity in a random coefficient autoregressive model.

Making Fiscal Adjustments Using Event Probability Forecasts in OECD Countries (2020)
Journal Article
Lee, K., Ong, K., & Shields, K. K. (2020). Making Fiscal Adjustments Using Event Probability Forecasts in OECD Countries. Economic Record, 96(314), 294-313. https://doi.org/10.1111/1475-4932.12540

This paper describes an approach to making fiscal policy decisions based on probabilistic statements on the likely occurrence of events as specified in a rules‐based framework for making fiscal adjustments. The event probability forecasts are obtaine... Read More about Making Fiscal Adjustments Using Event Probability Forecasts in OECD Countries.