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Female job satisfaction: can we explain the part-time puzzle? (2016)
Journal Article
Bridges, S., & Owens, T. (2017). Female job satisfaction: can we explain the part-time puzzle?. Oxford Economic Papers, 69(3), 782-808. https://doi.org/10.1093/oep/gpw064

Although it is generally accepted that women who work part-time are, on average, more satisfied in their jobs than their full-time counterparts, this is unlikely to be true for all women. Using the British Household Panel Survey we estimate the deter... Read More about Female job satisfaction: can we explain the part-time puzzle?.

Subsidies with export share requirements in China (2016)
Journal Article
Defever, F., & Riaño, A. (2017). Subsidies with export share requirements in China. Journal of Development Economics, 126, https://doi.org/10.1016/j.jdeveco.2016.12.003

A subsidy is subject to an export share requirement (ESR) when firms must export more than a certain share of their output to receive it. Such incentives are frequently found in free trade zones, export processing regimes and measures targeted at for... Read More about Subsidies with export share requirements in China.

Lithuania in the euro area: monetary transmission and macroprudential policies (2016)
Journal Article
Rubio, M., & Comunale, M. (in press). Lithuania in the euro area: monetary transmission and macroprudential policies. Eastern European Economics, 55(1), https://doi.org/10.1080/00128775.2016.1255558

In this paper, we develop a two-country monetary union new Keynesian general equilibrium model with housing and collateral constraints, to be calibrated for Lithuania and the rest of the euro area. Within this setting, and following the recent entran... Read More about Lithuania in the euro area: monetary transmission and macroprudential policies.

De facto exchange rate regime classifications: an evaluation (2016)
Journal Article
Bleaney, M., Tian, M., & Yin, L. (2017). De facto exchange rate regime classifications: an evaluation. Open Economies Review, 28(2), 369-382. https://doi.org/10.1007/s11079-016-9427-7

There exist several statistically-based exchange rate regime classifications that disagree with one another to a disappointing degree. To what extent is this a matter of the quality of the design of these schemes, and to what extent does it reflect t... Read More about De facto exchange rate regime classifications: an evaluation.

Relational contracts and supplier turnover in the global economy (2016)
Journal Article
Defever, F., Fischer, C., & Suedekum, J. (2016). Relational contracts and supplier turnover in the global economy. Journal of International Economics, 103, 147-165. https://doi.org/10.1016/j.jinteco.2016.09.002

Headquarters and their specialized component suppliers have a vital interest in establishing long-term collaborations. When formal contracts are not enforceable, such efficiency-enhancing cooperations can be established via informal agreements, but r... Read More about Relational contracts and supplier turnover in the global economy.

Ethnic diversity and conflict (2016)
Journal Article
Bleaney, M., & Dimico, A. (in press). Ethnic diversity and conflict. Journal of Institutional Economics, 13(2), https://doi.org/10.1017/S1744137416000369

We argue that the reason why it has proved hard to determine whether negative effects on economic performance and conflict are more strongly associated with polarized rather than fractionalized societies is because the distinction between polarizatio... Read More about Ethnic diversity and conflict.

The Impact of the Arab Spring on the Tunisian Economy (2016)
Journal Article
Matta, S., Appleton, S., & Bleaney, M. (2019). The Impact of the Arab Spring on the Tunisian Economy. World Bank Economic Review, 33(1), 231-258. https://doi.org/10.1093/wber/lhw059

© 2016 The Author. Published by Oxford University Press on behalf of the International Bank for Reconstruction and Development / THE WORLD BANK. We use Synthetic Control Methodology to estimate the output loss in Tunisia as a result of the "Arab Spri... Read More about The Impact of the Arab Spring on the Tunisian Economy.

Political budget cycles and media freedom (2016)
Journal Article
Veiga, F. J., Veiga, L. G., & Morozumi, A. (2017). Political budget cycles and media freedom. Electoral Studies, 45, https://doi.org/10.1016/j.electstud.2016.11.008

This paper examines the effects of elections on the conduct of central governments' fiscal policies. To do so, it uses a unique panel database that includes disaggregated spending and revenue series at the central government level for multiple countr... Read More about Political budget cycles and media freedom.

Improving the accuracy of asset price bubble start and end date estimators (2016)
Journal Article
Harvey, D. I., Leybourne, S. J., & Sollis, R. (in press). Improving the accuracy of asset price bubble start and end date estimators. Journal of Empirical Finance, 40, https://doi.org/10.1016/j.jempfin.2016.11.001

Recent research has proposed using recursive right-tailed unit root tests to date the start and end of asset price bubbles. In this paper an alternative approach is proposed that utilises model-based minimum sum of squared residuals estimators combin... Read More about Improving the accuracy of asset price bubble start and end date estimators.

Do wealth shocks affect health? New evidence from the housing boom (2016)
Journal Article
Fichera, E., & Gathergood, J. (in press). Do wealth shocks affect health? New evidence from the housing boom. Health Economics, 25(S2), https://doi.org/10.1002/hec.3431

We exploit wealth shocks arising from housing wealth gains to examine the relationship between wealth and health. In UK household panel data positive housing wealth gains lower the likelihood of home owners exhibiting a range of non-chronic health co... Read More about Do wealth shocks affect health? New evidence from the housing boom.

Youth Unemployment and Earnings in Africa: Evidence from Tanzanian Retrospective Data (2016)
Journal Article
Bridges, S., Fox, L., Gaggero, A., & Owens, T. (2017). Youth Unemployment and Earnings in Africa: Evidence from Tanzanian Retrospective Data. Journal of African Economies, 26(2), 119-139. https://doi.org/10.1093/jae/ejw020

We exploit a unique data set of individual labour market histories in urban Tanzania to estimate the effect of early labour market experiences on adult labour market outcomes. We consider four labour market entry states—wage employment, self-employme... Read More about Youth Unemployment and Earnings in Africa: Evidence from Tanzanian Retrospective Data.

Trade, Domestic Frictions, and Scale Effects (2016)
Journal Article
Ramondo, N., Rodríguez-Clare, A., & Saborío-Rodríguez, M. (2016). Trade, Domestic Frictions, and Scale Effects. American Economic Review, 106(10), 3159-3184. https://doi.org/10.1257/aer.20141449

Because of scale effects, idea-based growth models imply that larger countries should be much richer than smaller ones. New trade models share the same counterfactual feature. In fact, new trade models exhibit other counterfactual implications associ... Read More about Trade, Domestic Frictions, and Scale Effects.

Bank insolvencies, priority claims and systemic risk (2016)
Journal Article
Bougheas, S., & Kirman, A. (2016). Bank insolvencies, priority claims and systemic risk. Lecture Notes in Economics and Mathematical Systems, 683, 195-208. https://doi.org/10.1007/978-3-319-40803-3_8

We review an extensive literature debating the merits of alternative priority structures for banking liabilities put forward by financial economists, legal scholars and policymakers. Up to now, this work has focused exclusively on the relative advant... Read More about Bank insolvencies, priority claims and systemic risk.

Payment choice in international trade: theory and evidence from cross-country firm-level data (2016)
Journal Article
Hoefele, A., Schmidt-Eisenlohr, T., & Yu, Z. (in press). Payment choice in international trade: theory and evidence from cross-country firm-level data. Canadian Journal of Economics / Revue Canadienne d'Économique, 49(1), 296-319. https://doi.org/10.1111/caje.12198

When trading across borders, firms choose between different payment contracts. Theoretically, this should allow firms to trade-off differences in financing costs and enforcement across countries. This paper provides evidence for this hypothesis emplo... Read More about Payment choice in international trade: theory and evidence from cross-country firm-level data.

What can explain the Chinese patent explosion? (2016)
Journal Article
Eberhardt, M., Helmers, C., & Yu, Z. (2017). What can explain the Chinese patent explosion?. Oxford Economic Papers, 69(1), 239-262. https://doi.org/10.1093/oep/gpw042

We analyse the ‘explosion’ of patent filings by Chinese residents both domestically and in the United States during the early 2000s, employing a unique dataset of 374,000 firms matching patent applications to manufacturing census data. Our analysis r... Read More about What can explain the Chinese patent explosion?.

Long-run commodity prices, economic growth and interest rates: 17th century to the present day (2016)
Journal Article
Harvey, D. I., Kellard, N. M., Madsen, J. B., & Wohar, M. E. (in press). Long-run commodity prices, economic growth and interest rates: 17th century to the present day. World Development, 89, https://doi.org/10.1016/j.worlddev.2016.07.012

A significant proportion of the trade basket of many developing countries is comprised of primary commodities. This implies relative price movements in commodities may have important consequences for economic growth and poverty reduction. Taking a lo... Read More about Long-run commodity prices, economic growth and interest rates: 17th century to the present day.

Taxes and international risk sharing (2016)
Journal Article
Epstein, B., Mukherjee, R., & Ramnath, S. (2016). Taxes and international risk sharing. Journal of International Economics, 102, 310-326. https://doi.org/10.1016/j.jinteco.2016.08.002

We extend a standard model of international risk sharing to include an empirically plausible distortion: Taxes. The tax-inclusive theory implies, even under full risk sharing, a predictable relationship between consumption growth and the consumption... Read More about Taxes and international risk sharing.

The new financial regulation in Basel III and monetary policy: A macroprudential approach (2016)
Journal Article
Rubio, M., & Carrasco-Gallego, J. A. (2016). The new financial regulation in Basel III and monetary policy: A macroprudential approach. Journal of Financial Stability, 26, 294-305. https://doi.org/10.1016/j.jfs.2016.07.012

The aim of this paper is to study the interaction between Basel I, II and III regulations with monetary policy. In order to do that, we use a dynamic stochastic general equilibrium (DSGE) model with a housing market, banks, borrowers, and savers. Res... Read More about The new financial regulation in Basel III and monetary policy: A macroprudential approach.

Public spending reallocations and economic growth across different income levels (2016)
Journal Article
Acosta-Ormaechea, S., & Morozumi, A. (2017). Public spending reallocations and economic growth across different income levels. Economic Inquiry, 55(1), 98-114. https://doi.org/10.1111/ecin.12382

This paper examines the effects of public spending reallocations on economic growth. Assembling a disaggregated public spending dataset of 83 countries over the 1970-2011 period, we show that spending reallocations towards education, from health and... Read More about Public spending reallocations and economic growth across different income levels.

Coordinating macroprudential policies within the Euro Area: the case of Spain (2016)
Journal Article
Rubio, M., & Carrasco-Gallego, J. A. (in press). Coordinating macroprudential policies within the Euro Area: the case of Spain. Economic Modelling, 59, https://doi.org/10.1016/j.econmod.2016.06.006

In the aftermath of the global financial crisis, there is consensus on the need for macroprudential policies to promote financial stability. However, the optimal way to implement such policies in the Euro area is a question open to debate, given that... Read More about Coordinating macroprudential policies within the Euro Area: the case of Spain.