Wall Street’s 2017 Market Predictions: Pathetically Wrong
Forecasting is difficult, but this year showed exactly how pointless it can be: Markets performed opposite of virtually all predictionsâ¦
View ArticleThe Effect of Education and School Quality on Female Crime -- by Javier...
This paper estimates the effects of educational attainment and school quality on crime among American women. Using changes in compulsory schooling laws as instruments, we estimate significant effects...
View ArticleStudent Loan Nudges: Experimental Evidence on Borrowing and Educational...
We estimate the impact of student loan "nudges" on community college students' borrowing and provide the first experimental evidence of the effect of student loans on educational attainment. Nonbinding...
View ArticleThe Uncovered Interest Parity Puzzle, Exchange Rate Forecasting, and Taylor...
Recent research has found that the Taylor-rule fundamentals have power to forecast changes in U.S. dollar exchange rates out of sample. Our work casts some doubt on that claim. However, we find strong...
View ArticleLearning from Coworkers: Peer Effects on Individual Investment Decisions --...
We use unique data on employee decisions in the employee stock purchase plans (ESPPs) of U.S. public firms to measure the influence of networks on investment decisions. Comparing only employees within...
View ArticleShould we Get rid of the Natural Rate Hypothesis? -- by Olivier J. Blanchard
50 years ago, Milton Friedman articulated the natural rate hypothesis. It was composed of two sub-hypotheses: First, the natural rate of unemployment is independent of monetary policy. Second, there is...
View ArticleUS Exports and Employment -- by Robert C. Feenstra, Hong Ma, Yuan Xu
We examine the employment responses to import competition from China and to global export expansion from the United States, both of which have been expanding strongly during the past decades. We find...
View ArticleMoral Hazard in Health Insurance: What We Know and How We Know It -- by Liran...
We describe research on the impact of health insurance on healthcare spending ("moral hazard"), and use this context to illustrate the value of and important complementarities between different...
View ArticlePersonalized Medicine When Physicians Induce Demand -- by David H. Howard,...
Advocates for "personalized medicine" tests claim they can reduce health care spending by identifying patients unlikely to benefit from costly treatments. But most tests are imperfect, and so...
View ArticleIOSCO report provides new data on global hedge fund industry
The Board of the International Organization of Securities Commissions (IOSCO) today published its Report on the Fourth IOSCO Hedge Fund Survey, which provides regulators new insights into the global...
View ArticleIOSCO Good Practices for the Termination of Investment Funds seek to Protect...
The Board of the International Organization of Securities Commissions (IOSCO) today published 14 good practices on the voluntary termination of investment funds that seek to protect investors’...
View ArticleRemarks of Chairman J. Christopher Giancarlo to the Federal Reserve Board of...
Remarks of Chairman J. Christopher Giancarlo to the Federal Reserve Board of New York Third Annual Conference on the Evolving Structure of the U.S. Treasury Market âThe Importance of Large Trade Size...
View ArticleHBO: Opportunity vs. Threat Framing in the Response to Cord-Cutting Behavior
Bloomberg BusinesWeek's Megan Murphy recently interviewed HBO's CEO, Richard Plepler. The discussion offers some terrific insights regarding how an incumbent player can grow and innovate, overcoming...
View ArticleFederal Court Orders California Residents Joseph Dufresne, Megan Renkow, and...
The Commodity Futures Trading Commission (CFTC) obtained a Consent Order against Defendants Joseph Dufresne, and Megan Renkow, both of Palos Verdes Estates, California, and their companies, United...
View ArticleNew EU rules will increase competition between banks and fintech
New #EU rules increases competition and #security between #banks and #fintech - https://t.co/rnCIvB0jT5 â Stanley Epstein (@StanleyEpstein) November 28, 2017
View ArticleThe Rise of GPU Databases
The Rise of GPU Databases https://t.co/wSgv9ZW5e1 â Howard Getson (@hgetson) November 28, 2017
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Women’s & Gender Studies Research Network
 Womenâs and Gender Studies research to benefit from a dedicated new network on SSRN â WGSRN Rochester, New York, October 27, 2017 – Elsevier, the information analytics business specializing in...
View ArticleWeekly Top 5 Papers – November 27th, 2017
1. Proposed Judgeship Bill by Steven G. Calabresi (Northwestern University – Pritzker School of Law) and Shams Hirji (Northwestern University, School of Law)read more...
View ArticleFreezing site/Moving to Patreon & Profstevekeen
Iâm freezing this site and moving to both Patreon (https://www.patreon.com/ProfSteveKeen) and a new website http://www.profstevekeen.com/. There are several reasons:read more...
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