Deutsche Börse Cash Market: Uniper SE IPO on Frankfurt Stock Exchange -...
Uniper SE (ISIN: DE000UNSE018) has been listed in the Prime Standard at the Frankfurt Stock Exchange since 12 September 2016. A total of about 366 million shares were placed in the IPO. The total issue...
View ArticleUnited Kingdom Parliament Treasury Committee Update: Letter From Tracey...
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View ArticleDeputy Governor Minouche Shafik To Leave Bank Of England
Minouche Shafik, Deputy Governor for Markets and Banking, will leave the Bank at the end of February 2017 to become the Director of the London School of Economics (LSE). Bank of England Governor Mark...
View ArticleEfficiency-Morality Trade-Offs in Repugnant Transactions: A Choice Experiment...
Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and...
View ArticleTechnological Leadership (de)Concentration: Causes in ICTE -- by Yasin Ozcan,...
Using patents as indicators of inventive activity, this article characterizes the concentration of origins of invention from 1976 to 2010, and how these changed over time. The analysis finds pervasive...
View ArticleStudent Coaching: How Far Can Technology Go? -- by Philip Oreopoulos, Uros...
Recent studies show that programs offering structured, one-on-one coaching and tutoring tend to have large effects on the academic outcomes of both high school and college students. These programs are...
View ArticleThrivers and Divers: Using Non-Academic Measures to Predict College Success...
We collect a comprehensive set of non-academic characteristics for a representative sample of incoming freshman to explore which measures best predict the wide variance in first-year college...
View ArticleHeterogeneous Impact Dynamics of a Rural Business Development Program in...
We study the impacts of a rural development program designed to boost the income of the small-farm sector in Nicaragua. Exploiting the random assignment of treatment, we find statistically and...
View ArticleUsing Big Data to Estimate Consumer Surplus: The Case of Uber -- by Peter...
Estimating consumer surplus is challenging because it requires identification of the entire demand curve. We rely on Uber's "surge" pricing algorithm and the richness of its individual level data to...
View ArticleHeterogeneous Wealth Dynamics: On the Roles of Risk and Ability -- by Paulo...
This paper studies the causal mechanisms behind persistent poverty. Using original data on Boran pastoralists of southern Ethiopia, we find that heterogeneous and nonlinear wealth dynamics arise purely...
View ArticleThe Importance of Unemployment Insurance as an Automatic Stabilizer -- by...
We assess the extent to which unemployment insurance (UI) serves as an automatic stabilizer to mitigate the economy's sensitivity to shocks. Using a local labor market design based on heterogeneity in...
View ArticleAgro-Ecosystem Productivity and the Dynamic Response to Shocks -- by...
This paper investigates the nonlinear dynamic response to shocks, relying on a threshold quantile autoregression (TQAR) model as a flexible representation of stochastic dynamics. The TQAR model can...
View ArticleHigh-Skilled Immigration and the Rise of STEM Occupations in U.S. Employment...
Abstract In this paper, we document the importance of high-skilled immigration for U.S. employment in STEM fields. To begin, we review patterns of U.S. employment in STEM occupations among workers with...
View ArticleIs The Mediterranean The New Rio Grande? US And EU Immigration Pressures In...
How will worldwide changes in population affect pressures for international migration in the future? We contrast the past three decades, during which population pressures contributed to substantial...
View ArticleA Framework for Eliciting, Incorporating, and Disciplining Identification...
To estimate causal effects from observational data, an applied researcher must impose beliefs. The instrumental variables exclusion restriction, for example, represents the belief that the instrument...
View ArticleFinancial Risk Protection from Social Health Insurance -- by Kayleigh Barnes,...
This paper estimates the impact of social health insurance on financial risk reduction by utilizing data from a natural experiment created by the phased roll out of a social health insurance program...
View ArticleMobile Collateral versus Immobile Collateral -- by Gary Gorton, Tyler Muir
In the face of the Lucas Critique, economic history can be used to evaluate policy. We use the experience of the U.S. National Banking Era to evaluate the most important bank regulation to emerge from...
View ArticleReal Interest Rates, Imbalances and the Curse of Regional Safe Asset...
The current environment is characterized by low real rates and by policy rates close to or at their lower bound in all major financial areas. We analyze these unusual economic conditions from a...
View ArticleThe Perils of Top-down State Building: Evidence from Colombia's False...
How should a state which lacks the monopoly of violence go about acquiring it? We investigate the use of high-powered incentives for members of the Colombian army as part of a strategy to combat...
View ArticleDesigning Online Marketplaces: Trust and Reputation Mechanisms -- by Michael...
Online marketplaces have proliferated over the past decade, creating new markets where none existed. By reducing transaction costs, online marketplaces facilitate transactions that otherwise would not...
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