Imperfect Financial Markets and Shareholder Incentives in Partial and General...
We analyze the firm-level and aggregate consequences of equity market imperfections in the form of noisy information aggregation for corporate risk-taking and investment. Market imperfections cause...
View ArticleSurvey Measurement of Probabilistic Macroeconomic Expectations: Progress and...
Economists commonly suppose that persons have probabilistic expectations for uncertain events, yet empirical research measuring expectations was long rare. The inhibition against collection of...
View ArticleHandle with Care: The Local Air Pollution Costs of Coal Storage. -- by...
Burning coal is known to have environmental costs; this paper quantities the local environmental costs of transporting and storing coal at U.S. power plants for the sample period 2002-2012. We first...
View ArticleAustralian Squatters, Convicts, and Capitalists: Dividing Up a Fast-Growing...
Compared with its nineteenth century competitors, Australian GDP per worker grew exceptionally fast, about twice that of the US and three times that of Britain. This paper asks whether the fast growth...
View ArticleFrom Extreme to Mainstream: How Social Norms Unravel -- by Leonardo Bursztyn,...
Social norms are typically thought to be persistent and long-lasting, sometimes surviving through growth, recessions, and regime changes. In some cases, however, they can quickly change. This paper...
View ArticleStatus Goods: Experimental Evidence from Platinum Credit Cards -- by Leonardo...
This paper provides novel field-experimental evidence on status goods. We work with an Indonesian bank that markets platinum credit cards to high-income customers. In a first experiment, we show that...
View ArticleIs Preventive Care Worth the Cost? Evidence from Mandatory Checkups in Japan...
Using unique individual-level panel data, we investigate whether preventive medical care triggered by health checkups is worth the cost. We exploit the fact that biomarkers just below and above a...
View ArticleGender Differences in the Benefits of an Influential Early Childhood Program...
This paper estimates gender differences in life-cycle impacts across multiple domains of an influential enriched early childhood program targeted toward disadvantaged children that was evaluated by the...
View ArticlePolicy Uncertainty In Japan -- by Elif C. Arbatli, Steven J. Davis, Arata...
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper...
View ArticleAl Mawared Amman Stock Exchange Weekly Report, 22 May 2017
Jordanian stocks rise by 0.27% WoW, snapping a 6-week losing streakread more...
View ArticleFourth Annual FTSE Russell Global Institutional Smart Beta Survey Marks Peak...
FTSE Russell, a leading global index and data provider, today confirmed a new high in global smart beta index adoption and continued strong interest in smart sustainability and multi-factor indexes...
View ArticleEuropean Commission: Statement By Michel Barnier At The Press Conference...
Merci Louis.read more...
View ArticleMIAX Options & MIAX PEARL Holiday Schedule - Memorial Day 2017
Please be advised the MIAX Exchanges will be closed on Monday, May 29, 2017 in observance of Memorial Day.
View ArticleLedgerX Raises $11.4 Million To Establish A Regulated Bitcoin Options...
Ledger Holdings, parent company of bitcoin options exchange LedgerX, closes $ 11.4 Million in Series B financing. Led by Miami International Holdings Inc. and Huiyin Blockchain Venture Investments,...
View ArticleEgyptian Exchange: Trading Hours During Ramadan Holy Month
The Egyptian Exchange (EGX) decided that the trading session dates during the month of Ramadan to be as follows:read more...
View ArticleWeekly Top 5 Papers â May 22nd 2017
1. Defense Against the Dark Arts of Copyright Trolling by Matthew Sag (Loyola University Chicago School of Law) and Jake Haskell (Independent)read more...
View ArticleShenzhen Stock Exchange: New Interest Calculation Method For Pledge-Style...
As the bond market of Shenzhen Stock Exchange (SZSE) has been scaling up in recent years, the trading amount of pledge-styled repo (hereinafter referred to as “repo”) also increases and the market is...
View ArticleWorking Hours Of The Amman Stock Exchange And Trading Hours During The Holy...
On the occasion of the holy month of Ramadan, the ASE has decided to change the official working and trading hours during the holy month of Ramadan, the working hours will be from 09:30 to 15:30, as...
View ArticleShenzhen Stock Exchange Releases Guideline For Information Disclosure Of...
In order to further regulate the information disclosure of listed companies engaging in civil engineering and construction industry, Shenzhen Stock Exchange (SZSE) has recently formulated and released...
View ArticleWhy Opportunity And Inclusion Matter To Americaâs Economic Strength -...
I want to thank Neel Kashkari for launching the Opportunity and Inclusive Growth Institute and for inviting me to join the deliberations of this distinguished group today. This new Institute is another...
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