Morgan Stanley Picks Frankfurt for Its New EU Trading Hub
Morgan Stanley Picks Frankfurt for Its New EU Trading Hub #Brexit https://t.co/TFp8oijpUL — Yves Hilpisch (@dyjh) July 19, 2017
View ArticleIBM Data Science on Twitter
Do you know which #machinelearning language is the most popular? @JFPuget does. Read his blog for the answer: https://t.co/SGK9curi1j #ML…
View ArticleEnterprise Ethereum Alliance Becomes World’s Largest Open-source...
Enterprise Ethereum Alliance Becomes World’s Largest Open-source Blockchain Initiative https://t.co/eEhan4N8gy @EntEthAlliance — moneyscience (@moneyscience)…
View ArticleSome Countries Like 'Nudges' More Than Others
Do some nations respond less to nudging? Do some nations like nudges better than others? Some early evidence.https://t.co/mWJoJGOw43 — Cass Sunstein…
View ArticleAmerican Options with Discontinuous Two-Level Caps. (arXiv:1707.06138v1...
This paper examines the valuation of American capped call options with two-level caps. The structure of the immediate exercise region is significantly more complex than in the classical case with...
View ArticleContagious disruptions and complexity traps in economic development....
Poor economies not only produce less; they typically produce things that involve fewer inputs and fewer intermediate steps. Yet the supply chains of poor countries face more frequent...
View ArticleMeasuring the Knowledge Intensity of Economies with an Improved Measure of...
How much knowledge is there in an economy? In recent years, data on the mix of products that countries export has been used to construct measures of economic complexity that estimate the knowledge...
View ArticleMeasuring Social Connectedness -- by Michael Bailey, Ruiqing (Rachel) Cao,...
We introduce a new measure of social connectedness between U.S. county-pairs, as well as between U.S. counties and foreign countries. Our measure, which we call the "Social Connectedness Index" (SCI),...
View ArticleThe Effects of the Affordable Care Act on Health Insurance Coverage and Labor...
The Affordable Care Act (ACA) includes several provisions designed to expand insurance coverage that also alter the tie between employment and health insurance. In this paper, we exploit variation...
View ArticleThe Medieval Roots of Inclusive Institutions: From the Norman Conquest of...
The representation of merchant interests in parliaments played a crucial role in constraining monarchs' power and expanding the protection of property rights. We study the process that led to the...
View ArticleThe Dire Effects of the Lack of Monetary and Fiscal Coordination -- by...
What happens if the government's willingness to stabilize a large stock of debt is waning, while the central bank is adamant about preventing a rise in inflation? The large fiscal imbalance brings...
View ArticleAge of Marriage, Weather Shocks, and the Direction of Marriage Payments -- by...
This paper studies how aggregate economic conditions affect marriage markets in developing countries where marriage is regulated by traditional customary norms. We examine how local economic shocks...
View ArticleIndividual Results May Vary: Elementary Analytics of Inequality-Probability...
While many results from the treatment-effect and related literatures are familiar and have been applied productively in health economics evaluations, other potentially useful results from those...
View ArticleRegression Discontinuity in Time: Considerations for Empirical Applications...
Recent empirical work in several economic fields, particularly environmental and energy economics, has adapted the regression discontinuity framework to applications where time is the running variable...
View ArticleThe Economic Burden of Chronic Diseases: Estimates and Projections for China,...
We propose a novel framework to analyse the macroeconomic impact of noncommunicable diseases. We incorporate measures of disease prevalence into a human capital augmented production function, which...
View ArticleDo People Respond to the Mortage Interest Deduction? Quasi-Experimental...
Using linked housing and tax records from Denmark combined with a major reform of the mortgage interest deduction in the late 1980s, we carry out the first comprehensive long-term study of how tax...
View ArticleInstitutions and Political Party Systems: The Euro Case -- by Jesus...
This paper argues that institutions and political party systems are simultaneously determined. A large change to the institutional framework, such as the creation of the euro by a group of European...
View ArticleThe Financing of Local Government in China: Stimulus Loan Wanes and Shadow...
China's four-trillion-yuan stimulus package fueled by bank loans in 2009 has led to the rapid growth of shadow banking activities in China after 2012. The local governments in China financed the...
View ArticleDemand for Health Insurance Marketplace Plans Was Highly Elastic in 2014-2015...
A major provision of the Affordable Care Act was the creation of Health Insurance Marketplaces, which began operating for the 2014 plan year. Although enrollment initially grew in these markets,...
View ArticleOn the Structure of General Mean-Variance Hedging Strategies....
We provide a new characterization of mean-variance hedging strategies in a general semimartingale market. The key point is the introduction of a new probability measure $P^{\star}$ which turns the...
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