Mortality Inequality in Canada and the U.S.: Divergent or Convergent Trends?...
Mortality is a crucial dimension of wellbeing and inequality in a population, and mortality trends have been at the core of public debates in many Western countries. In this paper, we provide the first...
View ArticleCrop Disease and Agricultural Productivity -- by Christine L. Carroll, Colin...
Crop diseases and how they are managed can have a large impact on agricultural productivity. This paper discusses the effects on agricultural productivity of Verticillium dahliae, a soil borne fungus...
View ArticleCredit Market Freezes -- by Efraim Benmelech, Nittai K. Bergman
Credit market freezes in which debt issuance declines dramatically and market liquidity evaporates are typically observed during financial crises. In the financial crisis of 2008-09, the structured...
View ArticleFinance, farms, and the Fed's early years -- by Bruce Carlin, William Mann
We provide causal evidence that discount rate changes by the Federal Reserve affected economic output in the 1920s. Our identification strategy exploits county-level variation in access to the Fed's...
View ArticleRight-to-Carry Laws and Violent Crime: A Comprehensive Assessment Using Panel...
The 2004 report of the National Research Council (NRC) on Firearms and Violence recognized that violent crime was higher in the post-passage period (relative to national crime patterns) for states...
View ArticleWeekly Top 5 Papers â June 19th 2017
1. Is it Ethical to Teach that Beta and CAPM Explain Something? by Pablo Fernandez (University of Navarra – IESE Business School)read more...
View ArticleIOSCO issues report on order routing incentives as part of effort to protect...
IOSCO/MR/11/2017read more...
View ArticleSymbolic dynamics techniques for complex systems: Application to share price...
The symbolic dynamics technique is well-known for low-dimensional dynamical systems and chaotic maps, and lies at the roots of the thermodynamic formalism of dynamical systems. Here we show that this...
View ArticleSpeed and biases of Fourier-based pricing choices: A numerical analysis....
We compare the CPU effort and pricing biases of six Fourier-based implementations. Our analyses show that truncation and discretization errors significantly increase as we move away from the Black-...
View ArticleAn\'alisis de cointegraci\'on con una aplicaci\'on al mercado de deuda en...
Certain theoretical aspects of vector autoregression (VAR) as tools to model economic time series are revised, in particular their capacity to include both short term and long term information. The VAR...
View ArticleFood Productivity Trends from Hybrid Corn: Statistical Analysis of Patents...
In this research we study productivity trends of hybrid corn - an important subdomain of food production. We estimate the yearly rate of yield improvement of hybrid corn (measured as bushel per acre)...
View ArticleHeterogeneous Preferences, Constraints, and the Cyclicality of Leverage....
This paper documents a new stylized fact about the leverage cycle and proposes a model of risk preference heterogeneity to explain this fact. In particular, leverage cyclicality depends on the...
View ArticleNews-sentiment networks as a risk indicator. (arXiv:1706.05812v1 [q-fin.RM])
To understand the relationship between news sentiment and company stock price movements, and to better understand connectivity among companies, we define an algorithm for measuring sentiment-based...
View ArticleQuantifying the Benefits of Infrastructure Sharing. (arXiv:1706.05735v1 [cs.GT])
We analyze the benefits of network sharing between telecommunications operators. Sharing is seen as one way to speed the roll out of expensive technologies such as 5G since it allows the service...
View ArticleModeling credit default swap premiums with stochastic recovery rate....
There are many studies on development of models for analyzing some derivatives such as credit default swaps .
View ArticleTransfer entropy between communities in complex networks. (arXiv:1706.05543v1...
With the help of transfer entropy, we analyze information flows between communities of complex networks. We show that the transfer entropy provides a coherent description of interactions between...
View ArticleClik here to view.
Critical Perspectives on Gender and Student Leadership: New Directions for...
How do students’ social identities, particularly their gender, influence their leadership practices and development? Using Kimberlé Crenshaw’s concept of intersectionality as a framework, this...
View ArticleMacroprudential policy and bank risk
This paper investigates the effects of macroprudential policies on bank risk through a large panel of banks operating in 61 advanced and emerging market economies. There are three main findings. First,...
View ArticleYou Don't Always Want To Focus
Dr. Srini Pillay, an author and executive coach who teaches part-time at Harvard Medical School, has written an intriguing HBR post about the value of "focus" in our work. Pillay argues that focus can...
View ArticleStatement of Acting Chairman J. Christopher Giancarlo before the Market Risk...
Statement of Acting Chairman J. Christopher Giancarlo before the Market Risk Advisory Committee Meeting
View Article