High Returns from Low Risk: A Remarkable Stock Market Paradox
For generations investors have believed that risk and return are inseparable. But is this really true? In High Returns from Low Risk, Pim van Vliet, founder and fund manager of multi-billion...
View ArticleWiley: Plumbers and Visionaries by Peter Norman Selected as the Yearâs...
New book! Plumbers and Visionaries by Peter Norman Selected as the Year’s Most Popular Financ... https://t.co/N5A9DYieDL via @wiley_finance — moneyscience…
View ArticleWhen Donald Trump Hate-Tweeted Lockheed Martin, Hedge Funds Were Ready
Sentiment, Donald Trump & Lockheed Martin https://t.co/aGptRZNJmN — moneyscience (@moneyscience) December 15, 2016
View ArticleForbes Welcome
Billionaire Dan Loeb's Quant Trading Effort Sparked Legal Battle Over 32-Year-Old Data Scientisthttps://t.co/rEHRLLpnBD — moneyscience (@moneyscience) December…
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A Failure of Insurance Regulation
Credit: Bloomberg || Graph of Penn Treaty’s stock price 2002-2009read more...
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Extreme prices in electricity balancing markets from an approach of...
An increase in energy production from renewable energy sources is viewed as a crucial achievement in most industrialized countries. read more...
View ArticleStratified regression-based variance reduction approach for weak...
In this paper we suggest a modification of the regression-based variance reduction approach recently proposed in Belomestny et al. This modification is based on the stratification technique and allows...
View ArticleMacroeconomics of bank capital and liquidity regulations
We study the transmission mechanisms of liquidity and capital regulations as well as their effects on the economy and welfare. We propose a macro-economic model in which a regulator faces the following...
View ArticleNot All Measures of GDP are Created Equal
"Not All Measures of GDP are Created Equal" https://t.co/Xg7cHVlkCW #feedly — Miguel A. Arranz (@miguelarrnz6) December 19, 2016
View ArticleSolar can already generate more energy than oil, says major scientific review...
Solar power is already able to produce more energy than oil and gas for every unit of energy invested. https://t.co/6Zrg8vNedS — moneyscience (@moneyscience)…
View ArticleLearning, Confidence, and Business Cycles -- by Cosmin L. Ilut, Hikaru Saijo
We build a tractable heterogeneous-firm business cycle model where firms face Knightian uncertainty about their profitability and learn it through production. The cross-sectional mean of firm-level...
View ArticleDistributional National Accounts: Methods and Estimates for the United States...
This paper combines tax, survey, and national accounts data to estimate the distribution of national income in the United States since 1913. Our distributional national accounts capture 100% of...
View ArticleGlobalization and Wage Inequality -- by Elhanan Helpman
Globalization has been blamed for rising inequality in rich and poor countries. Yet the views of many protagonists in this debate are not based on evidence. To help form an evidence-based opinion, I...
View ArticleDominant Currency Paradigm -- by Camila Casas, Federico J. Diez, Gita...
Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer's currency or in local currency. We model instead a...
View ArticleOlder Peoples' Willingness to Delay Social Security Claiming -- by Raimond...
We have designed and fielded an experimental module in the 2014 HRS which seeks to measure older persons' willingness to voluntarily defer claiming of Social Security benefits. In addition, we evaluate...
View ArticleBusiness Cycles, Investment Shocks, and the "Barro-King" Curse --...
Recent empirical evidence identifies investment shocks as key driving forces behind business cycle fluctuations. However, existing New Keynesian models emphasizing these shocks counterfactually imply a...
View ArticleSanitation, Disease Externalities, and Anemia: Evidence From Nepal -- by...
Anemia impairs physical and cognitive development in children and reduces human capital accumulation. The prior economics literature has focused on the role of inadequate nutrition in causing anemia....
View ArticleAsymmetric Effects of Non-Pecuniary Signals on Search and Purchase Behavior...
We report the results of a field experiment where we exogenously vary the use of social comparisons "nudges" and subsidies for participation in an in-home energy audit program, and follow subjects...
View ArticleImproving the Measurement of Earnings Dynamics -- by Moira Daly, Dmytro...
The stochastic process for earnings is the key element of incomplete markets models in modern quantitative macroeconomics. We show that a simple modification of the canonical process used in the...
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