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Gender inequality in new media: Evidence from Wikipedia (2019)
Journal Article
Hinnosaar, M. (2019). Gender inequality in new media: Evidence from Wikipedia. Journal of Economic Behavior and Organization, 163, 262-276. https://doi.org/10.1016/j.jebo.2019.04.020

Media is critical for gender equality. I analyze Wikipedia, one of the prominent examples of new media. Using data from a survey and a randomized survey experiment, I study why women are less likely to contribute to Wikipedia, the implications of the... Read More about Gender inequality in new media: Evidence from Wikipedia.

Inflation Targeting and Monetary Policy in Ghana (2019)
Journal Article
Bleaney, M., Morozumi, A., & Mumuni, Z. (2020). Inflation Targeting and Monetary Policy in Ghana. Journal of African Economies, 29(2), 121–145. https://doi.org/10.1093/jae/ejz021

An inflation-targeting regime has been in place in Ghana since 2007, but the inflation rate has remained persistently high. During the 2007–2017 period, inflation exceeded the announced target by four percentage points on average, despite the target... Read More about Inflation Targeting and Monetary Policy in Ghana.

Globalization and state capitalism: Assessing Vietnam's accession to the WTO (2019)
Journal Article
Baccini, L., Impullitti, G., & Malesky, E. J. (2019). Globalization and state capitalism: Assessing Vietnam's accession to the WTO. Journal of International Economics, 119, 75-92. https://doi.org/10.1016/j.jinteco.2019.02.004

What do state-owned enterprises (SOEs) do? How do they respond to market incentives? Can we expect substantial efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset of Vietnamese firms we document... Read More about Globalization and state capitalism: Assessing Vietnam's accession to the WTO.

China's "Great Migration": the impact of the reduction in trade policy uncertainty (2019)
Journal Article
Facchini, G., Liu, M. Y., Maria Mayda, A., & Zhou, M. (2019). China's "Great Migration": the impact of the reduction in trade policy uncertainty. Journal of International Economics, 120, 126-144. https://doi.org/10.1016/j.jinteco.2019.04.002

We analyze the effect of China's integration into the world economy on workers in the country and show that one important channel of impact has been internal migration. Specifically, we study the changes in internal migration rates triggered by the r... Read More about China's "Great Migration": the impact of the reduction in trade policy uncertainty.

The role of information in nonstationary regression (2019)
Journal Article
Marsh, P. (2019). The role of information in nonstationary regression. Statistics, 53(3), 656-672. https://doi.org/10.1080/02331888.2019.1605516

The role of standard likelihood based measures of information and efficiency is unclear when regressions involve nonstationary data. Typically the standardized score is not asymptotically Gaussian and the standardized Hessian has a stochastic, rather... Read More about The role of information in nonstationary regression.

Consumption changes, not income changes, predict changes in subjective well-being (2019)
Journal Article
Brown, G. D. A., & Gathergood, J. (2019). Consumption changes, not income changes, predict changes in subjective well-being. Social Psychological and Personality Science, https://doi.org/10.1177/1948550619835215

Does happiness depend on what one earns or what one spends? Income is typically found to have small beneficial effects on well-being. However, economic theory suggests that well-being is conferred not by income but by consumption (i.e., spending on g... Read More about Consumption changes, not income changes, predict changes in subjective well-being.

Discriminating between models of ambiguity attitude: a qualitative test (2019)
Journal Article
Cubitt, R., van de Kuilen, G., & Mukerji, S. (2020). Discriminating between models of ambiguity attitude: a qualitative test. Journal of the European Economic Association, 18(2), 708–749. https://doi.org/10.1093/jeea/jvz005

During recent decades, many new models have emerged in pure and applied economic theory according to which agents’ choices may be sensitive to ambiguity in the uncertainty that faces them. The exchange between Epstein (2010) and Klibanoff et al. (201... Read More about Discriminating between models of ambiguity attitude: a qualitative test.

Cooperation in polygynous households (2019)
Journal Article
Barr, A., Dekker, M., Janssens, W., Kebede, B., & Kramer, B. (2019). Cooperation in polygynous households. American Economic Journal: Applied Economics, 11(2), 266-283. https://doi.org/10.1257/app.20170438

Using a carefully designed series of public goods games, we compare, across monogamous and polygynous households, the willingness of husbands and wives to cooperate to maximize household gains. Compared to monogamous husbands and wives, polygynous hu... Read More about Cooperation in polygynous households.

Sign-based Unit Root Tests for Explosive Financial Bubbles in the Presence of Deterministically Time-Varying Volatility (2019)
Journal Article
Harvey, D. I., Leybourne, S. J., & Zu, Y. (2020). Sign-based Unit Root Tests for Explosive Financial Bubbles in the Presence of Deterministically Time-Varying Volatility. Econometric Theory, 36(1), 122-169. https://doi.org/10.1017/S0266466619000057

This paper considers the problem of testing for an explosive bubble in …nancial data in the presence of time-varying volatility. We propose a sign-based variant of the Phillips, Shi and Yu (2015) test. Unlike the original test, the sign-based test do... Read More about Sign-based Unit Root Tests for Explosive Financial Bubbles in the Presence of Deterministically Time-Varying Volatility.

A theory of esteem based peer pressure (2019)
Journal Article
Adriani, F., & Sonderegger, S. (2019). A theory of esteem based peer pressure. Games and Economic Behavior, 115, 314-335. https://doi.org/10.1016/j.geb.2019.03.010

How does the incentive to engage in social signaling depend on the composition of peers? We find that an increase in the mean peer quality may either strengthen signaling incentives (keeping up with the Joneses) or weaken them (small fish in a big po... Read More about A theory of esteem based peer pressure.

The Magnitude of the Task Ahead: Macro Implications of Heterogeneous Technology (2019)
Journal Article
Eberhardt, M., & Teal, F. (2020). The Magnitude of the Task Ahead: Macro Implications of Heterogeneous Technology. Review of Income and Wealth, 66(2), 334-360. https://doi.org/10.1111/roiw.12415

The empirical growth literature is dominated by accounting and regression methods which assume common production technology across countries. Our empirical model relaxes this assumption and further allows unobservable determinants of output (Total Fa... Read More about The Magnitude of the Task Ahead: Macro Implications of Heterogeneous Technology.

Properties of the Power Envelope for Tests Against Both Stationary and Explosive Alternatives: The Effect of Trends (2019)
Journal Article
Marsh, P. (2020). Properties of the Power Envelope for Tests Against Both Stationary and Explosive Alternatives: The Effect of Trends. Journal of Time Series Analysis, 41(1), 146-153. https://doi.org/10.1111/jtsa.12458

This paper details a precise analytic e¤ect that inclusion of a linear trend has on the power of Neyman-Pearson point optimal unit root tests and thence the power envelope. Both stationary and explosive alternatives are considered. The envelope can b... Read More about Properties of the Power Envelope for Tests Against Both Stationary and Explosive Alternatives: The Effect of Trends.

Training to Teach Science: Experimental Evidence from Argentina (2019)
Journal Article
Albornoz, F., Anauati, V., Furman, M., Luzuriaga, M., Podesta, M. E., & Taylor, I. (2020). Training to Teach Science: Experimental Evidence from Argentina. World Bank Economic Review, 34(2), 393-417. https://doi.org/10.1093/wber/lhy010

We evaluate the learning impact of different teacher training methods using a random controlled trial implemented in 70 state schools in Buenos Aires, Argentina. A control group receiving standard teacher training was compared with two alternative tr... Read More about Training to Teach Science: Experimental Evidence from Argentina.

Wage stickiness, offshoring and unemployment (2019)
Journal Article
Aloi, M., & Hoefele, A. (2019). Wage stickiness, offshoring and unemployment. Economics Letters, 177, 56-59. https://doi.org/10.1016/j.econlet.2019.01.025

This note investigates how the effect of offshoring on unemployment is influenced by the wage setting process. We assume staggered wage contracts in an otherwise standard search and matching model. In this setup, the contract wage depends also on exp... Read More about Wage stickiness, offshoring and unemployment.

Testing for randomness in a random coefficient autoregression model (2019)
Journal Article
Horváth, L., & Trapani, L. (2019). Testing for randomness in a random coefficient autoregression model. Journal of Econometrics, 209(2), 338-352. https://doi.org/10.1016/j.jeconom.2019.01.005

We propose a test to discern between an ordinary autoregressive model, and a random coefficient one. To this end, we develop a full-fledged estimation theory for the variances of the idiosyncratic innovation and of the random coefficient, based on a... Read More about Testing for randomness in a random coefficient autoregression model.

The divergence of bank lending rates from policy rates after the financial crisis: The role of bank funding costs (2019)
Journal Article
Illes, A., Lombardi, M. J., & Mizen, P. (2019). The divergence of bank lending rates from policy rates after the financial crisis: The role of bank funding costs. Journal of International Money and Finance, 93, 117-141. https://doi.org/10.1016/j.jimonfin.2019.01.003

After the global financial crisis, policy rates were cut to near-zero levels, yet, bank lending rates did not fall as much as the decline in policy rates would have suggested. If the crisis represents a structural break in the relationship between mo... Read More about The divergence of bank lending rates from policy rates after the financial crisis: The role of bank funding costs.

Multinationals and the globalization of R&D (2019)
Journal Article
García-Vega, M., Hofmann, P., & Kneller, R. (2019). Multinationals and the globalization of R&D. International Journal of Industrial Organization, 63, 583-614. https://doi.org/10.1016/j.ijindorg.2019.01.001

In this paper we consider how the location, organization and output of knowledge production evolve within domestic firms following acquisition-FDI in order to understand the aggregate effect on an index of domestically produced innovations. We find s... Read More about Multinationals and the globalization of R&D.

Labor market reforms: An evaluation of the Hartz policies in Germany (2019)
Journal Article
Bradley, J., & Kügler, A. (2019). Labor market reforms: An evaluation of the Hartz policies in Germany. European Economic Review, 113, 108-135. https://doi.org/10.1016/j.euroecorev.2018.12.008

How do workers and firms respond to comprehensive labor market reforms? We use detailed micro data to analyze the German Hartz Reforms through the lens of a structural model of the labor market. These reforms aimed at reducing unemployment, by increa... Read More about Labor market reforms: An evaluation of the Hartz policies in Germany.