Management, Supervision, and Health Care: A Field Experiment -- by Felipe A....
If health service delivery is poorly managed, then increases in inputs or ability may not translate into gains in quality. However, little is known about how to increase managerial capital to generate...
View ArticlePolitics, Hospital Behavior, and Health Care Spending -- by Zack Cooper,...
This paper examines the link between legislative politics, hospital behavior, and health care spending. When trying to pass sweeping legislation, congressional leaders can attract votes by adding...
View ArticleBail-ins and Bail-outs: Incentives, Connectivity, and Systemic Stability --...
This paper develops a framework to analyze the consequences of alternative designs for interbank networks, in which a failure of one bank may lead to others. Earlier work had suggested that, provided...
View ArticleMonetary-Fiscal Interactions and the Euro Area's Malaise -- by Marek...
When monetary and fiscal policy are conducted as in the euro area, output, inflation, and government bond default premia are indeterminate according to a standard general equilibrium model with sticky...
View ArticleLeaning Against the Wind: The Role of Different Assumptions About the Costs...
"Leaning against the wind" (LAW), that is, tighter monetary policy for financial-stability purposes, has costs in terms of a weaker economy with higher unemployment and lower inflation and possible...
View ArticleEducation Technology: An Evidence-Based Review -- by Maya Escueta, Vincent...
In recent years, there has been widespread excitement around the potential for technology to transform learning. As investments in education technology continue to grow, students, parents, and teachers...
View ArticleThe Gender Unemployment Gap -- by Stefania Albanesi, Ayseguel sahin
The gender unemployment gap, the difference between female and male unemployment rates, was positive until the early 1980s. This gap disappeared after 1983, except during recessions, when men's...
View ArticleHow Important is the Global Financial Cycle? Evidence from Capital Flows --...
This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and...
View ArticleWeekly Top 5 Papers â September 4th 2017
1. Congressional Control of Presidential Pardons by Glenn Reynolds (University of Tennessee College of Law)read more...
View ArticleLearning and Equilibrium Refinements in Signalling Games. (arXiv:1709.01024v1...
We propose two new signalling-game refinements that are microfounded in a model of patient Bayesian learning. Agents are born into player roles and play the signalling game against a random opponent...
View ArticleSharpness of improved Fr\'echet-Hoeffding bounds: an optimal transport...
The improved Fr\'echet--Hoeffding bounds are ad-hoc estimates on the Fr\'echet class of probability distributions with given marginals and prescribed values on a subset of R d . Using an optimal...
View ArticleAn Option Pricing Model with Memory. (arXiv:1709.00468v1 [q-fin.PR])
We obtain option pricing formulas for stock price models in which the drift and volatility terms are functionals of a continuous history of the stock prices. That is, the stock dynamics follows a...
View ArticlePython for Quant Finance
16th Python for Quant Finance Meetup: quantum computing. https://t.co/ES7KVVUYX4 â Arto Thurlin, PhD (@art_thu) September 2, 2017
View ArticleMemorandum of Understanding signed by the Basel Committee on Banking...
Press release about the the IFRS Foundation and the Basel Committee signing a Memorandum of Understanding (5 September 2017).
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Commissioner Quintenz Names Kevin Webb New Chief of Staff
U.S. Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz announced today that Kevin Webb will serve as his Chief of Staff.
View ArticleA Strategy for Solving Problems Creatively
Theodore Scaltsas wrote a Harvard Business Review article last year in which he outlined an interesting strategy for solving problems creatively. Scaltsas explains that the brain mines our past...
View ArticleCFTC Orders Dallas, Texas-based W Resources, LLC to Pay a $150,000 Civil...
The U.S. Commodity Futures Trading Commission (CFTC) entered an Order requiring Dallas, Texas-based W Resources, LLC to pay a $150,000 civil monetary penalty for acting as a Commodity Pool Operator...
View ArticleEstimating Cost Savings from Early Cancer Diagnosis. (arXiv:1709.01484v1...
We estimate treatment cost-savings from early cancer diagnosis. For breast, lung, prostate and colorectal cancers and melanoma, which account for more than 50% of new incidences projected in 2017, we...
View ArticleBacktesting Expected Shortfall: is it really that hard?. (arXiv:1709.01337v1...
In this short note we propose a new backtesting framework for Expected Shortfall that could be used by the regulator. Instead of looking at the estimated capital reserve and the realized cash-flow...
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