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The Australian Real‐Time Fiscal Database: An Overview with Illustrations of Its Use in Analysing Fiscal Policy (2019)
Journal Article
Lee, K., Morley, J., Shields, K., & Tan, M. S. (2020). The Australian Real‐Time Fiscal Database: An Overview with Illustrations of Its Use in Analysing Fiscal Policy. Economic Record, 96(312), 87-106. https://doi.org/10.1111/1475-4932.12509

This paper describes a fiscal database for Australia including measures of government spending, revenue, deecits, debt and various sub-aggregates as initially published and subsequently revised. The data vintages are collated from various sources and... Read More about The Australian Real‐Time Fiscal Database: An Overview with Illustrations of Its Use in Analysing Fiscal Policy.

Moderating Loss Aversion: Loss Aversion Has Moderators, But Reports of its Death are Greatly Exaggerated (2019)
Journal Article
Herrmann, A., Mrkva, K., Gächter, S., & Johnson, E. J. (2020). Moderating Loss Aversion: Loss Aversion Has Moderators, But Reports of its Death are Greatly Exaggerated. Journal of Consumer Psychology, 30(3), 407-428. https://doi.org/10.1002/jcpy.1156

Loss aversion, the principle that losses impact decision making more than equivalent gains, is a fundamental idea in consumer behavior and decision making, though its existence has recently been called into question. Across five unique samples (Ntota... Read More about Moderating Loss Aversion: Loss Aversion Has Moderators, But Reports of its Death are Greatly Exaggerated.

China's Dual Export Sector (2019)
Book Chapter
Riano, A., & Defever, F. (2019). China's Dual Export Sector. In WTO and Economic Development. Massachusetts Institute of Technology Press (MIT Press)

China has transitioned from being an almost autarkic economy to become the world's largest exporter in less than three decades. Given this unique transformation, this paper investigates if the key stylized facts that characterize the behavior of fir... Read More about China's Dual Export Sector.

Subsidies, spillovers and exports (2019)
Journal Article
Girma, S., Görg, H., & Stepanok, I. (2020). Subsidies, spillovers and exports. Economics Letters, 186, Article 108840. https://doi.org/10.1016/j.econlet.2019.108840

© 2019 Elsevier B.V. We ask whether production related subsidies have a role to play in explaining Chinese firms’ export performance. We, firstly, implement an estimation approach that allows for both direct and indirect (“spillover”) effects of the... Read More about Subsidies, spillovers and exports.

The political economy of trade and migration: Evidence from the U.S. Congress (2019)
Journal Article
Conconi, P., Facchini, G., Steinhardt, M. F., & Zanardi, M. (2019). The political economy of trade and migration: Evidence from the U.S. Congress. Economics and Politics,

We compare the drivers of U.S. congressmen's votes on trade and migration reforms since the 1970's. Standard trade theory suggests that trade reforms that lower barriers to goods from less skilled-labor abundant countries and migration reforms that l... Read More about The political economy of trade and migration: Evidence from the U.S. Congress.

Macroprudential policy under incomplete information (2019)
Journal Article
Rubio, M., & Unsal, D. F. (2019). Macroprudential policy under incomplete information. European Journal of Finance, https://doi.org/10.1080/1351847X.2019.1679209

In this paper, we use a DSGE model to study the passive and time-varying implementation of macroprudential policy when policy-makers have noisy and lagged data. The model features an economy with two agents; households and entrepreneurs. Entrepreneur... Read More about Macroprudential policy under incomplete information.

Are Victims Truly Worse Off in the Presence of Bystanders? Revisiting the Bystander Effect (2019)
Journal Article
Fromell, H., Nosenzo, D., Owens, T., & Tufano, F. (2019). Are Victims Truly Worse Off in the Presence of Bystanders? Revisiting the Bystander Effect. Revue Economique, 70(6), 927-944. https://doi.org/10.3917/reco.706.0927

Previous studies have shown that individuals are less likely to help a person in need when there are “bystanders” present who can also offer help. We designed an experiment to re-examine this “bystander effect” using modified dictator games. We find... Read More about Are Victims Truly Worse Off in the Presence of Bystanders? Revisiting the Bystander Effect.

Social comparisons in job search (2019)
Journal Article
Fu, J., Sefton, M., & Upward, R. (2019). Social comparisons in job search. Journal of Economic Behavior and Organization, 168, 338-361. https://doi.org/10.1016/j.jebo.2019.10.013

© 2019 Elsevier B.V. Using a laboratory experiment we examine how social comparisons affect behavior in a sequential search task. In a control treatment subjects search in isolation, while in two other treatments subjects get feedback on the search d... Read More about Social comparisons in job search.

Exchange Rate and Inflation Dynamics in a Resource Rich Setting: The Case of Zambia (2019)
Journal Article
Roger, L., Smith, G., & Morrissey, O. (2019). Exchange Rate and Inflation Dynamics in a Resource Rich Setting: The Case of Zambia. South African Journal of Economics, 87(4), 490-514. https://doi.org/10.1111/saje.12236

This paper investigates the relationship between copper prices, the exchange rate and consumer price inflation in Zambia using a structural vector autoregression with quarterly data for 1995–2014 and a combination of sign and zero restrictions to ide... Read More about Exchange Rate and Inflation Dynamics in a Resource Rich Setting: The Case of Zambia.

People prefer coordinated punishment in cooperative interactions (2019)
Journal Article
Molleman, L., Kölle, F., Starmer, C., & Gächter, S. (2019). People prefer coordinated punishment in cooperative interactions. Nature Human Behaviour, 3, 1145–1153. https://doi.org/10.1038/s41562-019-0707-2

Human groups can often maintain high levels of cooperation despite the threat of exploitation by individuals who reap the benefits of cooperation without contributing to its costs1,2,3,4. Prominent theoretical models suggest that cooperation is parti... Read More about People prefer coordinated punishment in cooperative interactions.

Reexamining How Utility and Weighting Functions Get Their Shapes: A Quasi-Adversarial Collaboration Providing a New Interpretation (2019)
Journal Article
Alempaki, D., Canic, E., Mullett, T., Skylark, W., Starmer, C., Stewart, N., & Tufano, F. (2019). Reexamining How Utility and Weighting Functions Get Their Shapes: A Quasi-Adversarial Collaboration Providing a New Interpretation. Management Science, 65(10), 4451-4949. https://doi.org/10.1287/mnsc.2018.3170

Stewart, Reimers and Harris (2015, SRH hereafter) demonstrated that shapes of utility and probability weighting functions could be manipulated by adjusting the distributions of outcomes and probabilities on offer, as predicted by the theory of Decisi... Read More about Reexamining How Utility and Weighting Functions Get Their Shapes: A Quasi-Adversarial Collaboration Providing a New Interpretation.

Academic Salaries and Public Evaluation of University Research: Evidence from the UK Research Excellence Framework (2019)
Journal Article
De Fraja, G., Facchini, G., & Gathergood, J. (2019). Academic Salaries and Public Evaluation of University Research: Evidence from the UK Research Excellence Framework. Economic Policy, 34(99), 523-583. https://doi.org/10.1093/epolic/eiz009

We study the effects of public evaluation of university research on the pay structures of academic departments. A simple equilibrium model of university pay determination shows how the pay-performance relationship can be explained by the incentives i... Read More about Academic Salaries and Public Evaluation of University Research: Evidence from the UK Research Excellence Framework.

What is the association between price and economic activity with cigarette consumption in Cuba from 1980 to 2014? (2019)
Journal Article
Varona-Perez*, P., Bridges, S., Lorenzo-Vazquez, E., Suarez-Medina, R., Venero-Fernandez, S., Langley, T., …Fogarty, A. W. (2019). What is the association between price and economic activity with cigarette consumption in Cuba from 1980 to 2014?. Public Health, 173, 126-129. https://doi.org/10.1016/j.puhe.2019.05.014

Objectives: Cuba is a tobacco producing country that has been economically isolated as a consequence of an embargo imposed by the USA, and has also experienced a severe economic depression in the 1990s after the withdrawal of support by the former So... Read More about What is the association between price and economic activity with cigarette consumption in Cuba from 1980 to 2014?.

Hedonic adaptation to treatment: evidence from a medical intervention (2019)
Journal Article
Barazzetta, M., Appleton, S., & Owens, T. (2020). Hedonic adaptation to treatment: evidence from a medical intervention. Journal of Development Studies, 56(3), 613-629 . https://doi.org/10.1080/00220388.2019.1618450

We investigate whether changes in life circumstances lead to long-lasting changes in subjective well-being using a medical intervention that provided orthotic equipment to Ugandan adults with lower limb disabilities. The intervention had a positive e... Read More about Hedonic adaptation to treatment: evidence from a medical intervention.

Promoting voter registration: the effects of low-cost interventions on behaviour and norms (2019)
Journal Article
Kölle, F., Lane, T., Nosenzo, D., & Starmer, C. (2020). Promoting voter registration: the effects of low-cost interventions on behaviour and norms. Behavioural Public Policy, 4(1), 26-49. https://doi.org/10.1017/bpp.2019.10

We report two studies investigating whether, and if so how, different low-cost interventions affect voter registration rates. Low-cost message-based interventions are increasingly used to promote target behaviours. While growing evidence shows that s... Read More about Promoting voter registration: the effects of low-cost interventions on behaviour and norms.

The Red, the Black, and the Plastic: Paying Down Credit Card Debt for Hotels, Not Sofas (2019)
Journal Article
Quispe-Torreblanca, E. G., Quispe-Torreblanca, E., Stewart, N., Gathergood, J., & Loewenstein, G. (2019). The Red, the Black, and the Plastic: Paying Down Credit Card Debt for Hotels, Not Sofas. Management Science, 65(11), 5392-5410. https://doi.org/10.1287/mnsc.2018.3195

Using transaction data from a sample of 1.8 million credit card accounts, we provide the first field test of a major prediction of Prelec and Loewenstein’s (1998) theory of mental accounting: that consumers will pay off expenditure on transient form... Read More about The Red, the Black, and the Plastic: Paying Down Credit Card Debt for Hotels, Not Sofas.

Credit Constraints and the Inverted?U Relationship Between Competition and Innovation (2019)
Journal Article
Bonfatti, R., & Pisano, L. (2019). Credit Constraints and the Inverted?U Relationship Between Competition and Innovation. Economica, https://doi.org/10.1111/ecca.12312

Empirical studies have uncovered an inverted‐U relationship between product‐market competition and innovation. This is inconsistent with the original Schumpeterian model, where greater competition always reduces the profitability of innovation and th... Read More about Credit Constraints and the Inverted?U Relationship Between Competition and Innovation.

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.