Measuring Global Value Chains -- by Robert C. Johnson
Recent decades have seen the emergence of global value chains (GVCs), in which production stages for individual goods are broken apart and scattered across countries. Stimulated by these developments,...
View ArticleCharacterizing the Drug Development Pipeline for Precision Medicines -- by...
Precision medicines - therapies that rely on genetic, epigenetic, and protein biomarkers - create a better match between individuals with specific disease subtypes and medications that are more...
View ArticlePass-Through of Input Cost Shocks Under Imperfect Competition: Evidence from...
The advent of hydraulic fracturing lead to a dramatic increase in US oil production. Due to regulatory, shipping and processing constraints, this sudden surge in domestic drilling caused an...
View ArticleBid Shading and Bidder Surplus in the U.S. Treasury Auction System -- by Ali...
We analyze bidding data from uniform price auctions of U.S. Treasury bills and notes between July 2009-October 2013. Primary dealers consistently bid higher yields compared to direct and indirect...
View ArticleMissing Growth from Creative Destruction -- by Philippe Aghion, Antonin...
Statistical agencies typically impute inflation for disappearing products based on surviving products, which may result in overstated inflation and understated growth. Using U.S. Census data, we apply...
View ArticleThe 'China Shock', Exports and U.S. Employment: A Global Input-Output...
We quantify the impact on U.S. employment from imports and exports during 1995-2011, using the World Input-Output Database. We find that the growth in U.S. exports led to increased demand for 2 million...
View ArticleOrphan Drug Designations as Valuable Intangible Assets for IPO Investors in...
Orphan Drug (OD) legislation has been implemented with regulatory and financial incentives to encourage drug innovation in order to treat rare diseases. This study aims to test whether OD Designations...
View ArticleThe Information Pharms Race and Competitive Dynamics of Precision Medicine:...
Precision medicines inherently fragment treatment populations, generating small-population markets, creating high-priced "niche busters" rather than broadly prescribed "blockbusters". It is plausible...
View ArticleHow Well Do Automated Methods Perform in Historical Samples? Evidence from...
New large-scale data linking projects are revolutionizing empirical social science. Outside of selected samples and tightly restricted data enclaves, little is known about the quality of these "big...
View ArticleParity Wallet Hack Explained
Video: The #Parity Wallet Hack Explained - https://t.co/Gc8TiKdByB #ethereum â Financial Technology (@fin_tech) November 24, 2017
View ArticleHow Universities Are Failing Finance Students
With investment shops fighting over mathematicians and engineers, a Guggenheim executive argues that finance degrees and departments "face irrelevancy."â¦
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Europe's Crises
Today, the European Union is facing a crisis as serious as anything it has experienced since its origins more than half a century ago. What makes this so serious is that it is not a single crisis...
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Europe's Crises
Today, the European Union is facing a crisis as serious as anything it has experienced since its origins more than half a century ago. What makes this so serious is that it is not a single crisis...
View ArticleOn the Optimal Stopping Problem of Linear Diffusions in Regime-switching...
In this article, a general form of optimal stopping problems in regime-switching models is studied under certain standard assumptions. An optimal stopping problem with an arbitrary value function in...
View ArticleImpact of Cross-Listing Chinese Stock Returns. A and N Shares Rate of Return...
The paper examines the Chinese market reaction to the ADR issue by comparing returns and their stochastic variances of the Chinese firms cross-listed in the U.S. stock market. First, It was implemented...
View ArticleEquivalence Between Time Consistency and Nested Formula. (arXiv:1711.08633v1...
You are a financial analyst. At the beginning of every week, you are able to rank every pair of stochastic processes starting from that week up to the horizon. Suppose that two processes are equal at...
View ArticleWiley: Beyond Smart Beta: Index Investment Strategies for Active Portfolio...
Book - Beyond Smart Beta: Index Investment Strategies for Active Portfolio Management @wiley_finance https://t.co/p7Cf1ehZm3 â moneyscience (@moneyscience)â¦
View ArticleImplementing a Neural Network from Scratch in Python – An Introduction
Implementing a Neural Network from Scratch in #python â An Introduction https://t.co/2APWHldED8#MachineLearning â moneyscience (@moneyscience) November 27,â¦
View ArticleThe Most Expensive U.S. Hurricane Season Ever: By the Numbers
"The Most Expensive U.S. Hurricane Season Ever: By the Numbers" https://t.co/LEL97ACJqR ht @C_Barraud http://pic.twitter.com/YacJnUgmyH â Freakonometricsâ¦
View Article‘Psychopath’ Hedge Fund Managers Make Less Money
âPsychopathâ Hedge Fund Managers Make Less Money - Being manipulative and mean isnât the secret to success, a new study by two psychology professors says.â¦
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