Interpreting Recent Quasi-Experimental Evidence on the Effects of...
We critically review recent methodological and empirical contributions aiming to provide a comprehensive assessment of the effects of unemployment benefit extensions on the labor market and attempt to...
View ArticleAllocative and Remitted Wages: New Facts and Challenges for Keynesian Models...
Modern monetary business-cycle models rely heavily on price and wage rigidity. While there is substantial evidence that prices do not adjust frequently, there is much less evidence on whether wage...
View ArticleDo Field Experiments on Labor and Housing Markets Overstate Discrimination?...
There have been over 60 field experiments on discrimination in labor and housing markets conducted since 2000, in 16 countries. These studies nearly always find significant levels of discrimination...
View ArticlePrivate Provision of Social Insurance: Drug-specific Price Elasticities and...
Standard theory suggests that optimal consumer cost-sharing in health insurance increases with the price elasticity of demand, yet publicly-provided drug coverage typically involves uniform...
View ArticleVolatility and the Gains from Trade -- by Treb Allen, David Atkin
By reducing the negative correlation between local prices and productivity shocks, trade liberalization changes the volatility of returns. In this paper, we explore the second moment effects of trade....
View ArticleIs the Macroeconomy Locally Unstable and Why Should We Care? -- by Paul...
In most modern macroeconomic models, the steady state (or balanced growth path) of the system is a local attractor, in the sense that, in the absence of shocks, the economy would converge to the steady...
View ArticleHow Credit Constraints Impact Job Finding Rates, Sorting & Aggregate...
We empirically and theoretically examine how consumer credit access affects displaced workers. Empirically, we link administrative employment histories to credit reports. We show that an increase in...
View ArticleA note on optimal expected utility of dividend payments with proportional...
In this paper, we consider the problem of maximizing the expected discounted utility of dividend payments for an insurance company that controls risk exposure by purchasing proportional reinsurance. We...
View ArticleMinimal Investment Risk of Portfolio Optimization Problem with Budget and...
In the present paper, the minimal investment risk for a portfolio optimization problem with imposed budget and investment concentration constraints is considered using replica analysis. Since the...
View ArticlePortfolio Optimization Problem with Non-identical Variances of Asset Returns...
The portfolio optimization problem in which the variances of the return rates of assets are not identical is analyzed in this paper using the methodology of statistical mechanical informatics,...
View ArticleAsymptotic Eigenvalue Distribution of Wishart Matrices whose Components are...
In the present work, eigenvalue distributions defined by a random rectangular matrix whose components are neither independently nor identically distributed are analyzed using replica analysis and...
View ArticleThe impact of the financial crisis on the long-range memory of European...
This paper investigates the presence of long memory in corporate bond and stock indices of six European Union countries from July 1998 to February 2015. We compute the Hurst exponent by means of the...
View ArticleFIA President And CEO Walt Lukken Statement On NFA President Dan Roth's...
Upon the announcement that National Futures Association (NFA) president and CEO Dan Roth is retiring, FIA President and CEO Walt Lukken released the following statement thanking him for his service to...
View ArticleMAS Directs BSI Bank To Shut Down In Singapore
The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches...
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Westpac MNI China Consumer Sentiment Indicator Falls In May - Slowing Economy...
Chinese consumer sentiment declined in May, eroding further the significant gain seen in March, as consumers turned more risk averse. The Westpac MNI China Consumer Sentiment Indicator fell 3.1% on...
View ArticleHKEX And Thomson Reuters Sign Agreement For New Index Series
Hong Kong Exchanges and Clearing Limited (HKEX) and Thomson Reuters today (Tuesday) signed an agreement for the creation of a new series of Renminbi (RMB) indices.read more...
View ArticleFIA Japan Newsletter May 2016 Edition Released
Futures Industry Association of Japan has released the May 2016 edition of its bimonthly newsletter. For browse, please access the following URL.read more...
View ArticleHeidrick & Struggles Adds New Partner In London - Marcus de Luca Joins...
Heidrick & Struggles (Nasdaq: HSII), a premier provider of executive search, leadership consulting and culture shaping worldwide, has appointed Marcus de Luca as a Partner in its Financial Services...
View ArticleMutual Funds For Dummies, 7th Edition
Are you looking for a trusted resource to help you add mutual funds to your investment strategy? With straightforward advice and a plethora of specific, up-to-date mutual fund recommendations, personal...
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