The Effects of Perceived Disease Risk and Access Costs on Infant Immunization...
This paper examines the determinants of parental decisions about infant immunization. Using the exact timing of vaccination relative to birth, we estimate the effects of local pertussis outbreaks...
View ArticleSchool District Reform in Newark: Within- and Between-School Changes in...
In 2011-12, Newark launched a set of educational reforms supported by a gift from Facebook CEO Mark Zuckerberg and Priscilla Chan. Using data from 2009 through 2016, we evaluate the change in Newark...
View ArticleDoes Capital Scarcity Matter? -- by Anusha Chari, Peter Blair Henry, Racha...
This paper quantifies the welfare impact of a permanent increase in the level of per capita income brought about by a temporary increase in the growth rate of GDP per capita following capital account...
View ArticleReported Preference vs. Revealed Preference: Evidence from the Propensity to...
We evaluate the consistency of two methods for estimating the effect of an economic policy: i) surveying people to report the change in their behavior caused by the policy, ii) inferring this change...
View ArticleBlind Spots that Derail Careers
Fast Company's Stephanie Vozza writes this week about the need for accurate self-assessment. She argues that being blind about our weaknesses can derail our careers. She cites a new book by Kellogg...
View ArticleDo We Need Economic Inequality?
Although economic inequality provokes widespread disquiet, its supposed necessity is rarely questioned. At best, a basic level of inequality is seen as a necessary evil. At worst, it is seen as...
View ArticleDo We Need Economic Inequality?
Although economic inequality provokes widespread disquiet, its supposed necessity is rarely questioned. At best, a basic level of inequality is seen as a necessary evil. At worst, it is seen as...
View ArticleCFTC Announces Clearinghouse Liquidity Stress Test Results
Staff of the U.S. Commodity Futures Trading Commission (CFTC) today issued a report detailing the results of an evaluation of settlement liquidity at clearinghouses.
View ArticleWeekly Top 5 Papers – October 16th, 2017
1. The Rise of Behavioral Economics: Richard Thaler’s ‘Misbehaving’ by Cass R. Sunstein ( Harvard Law School)read more...
View ArticleGeometric Learning and Filtering in Finance. (arXiv:1710.05829v1 [q-fin.MF])
We develop a method for incorporating relevant non-Euclidean geometric information into a broad range of classical filtering and statistical or machine learning algorithms. We apply these techniques to...
View ArticleEfficient hedging in Bates model using high-order compact finite differences....
We evaluate the hedging performance of a high-order compact finite difference scheme from [4] for option pricing in Bates model. We compare the scheme's hedging performance to standard finite...
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Loss Leader or Value Creator? Deconstructing Amazon Prime
I am an Amazon Prime member and have been one for a long time, and I am completely hooked. Not only do I (and my family) use Amazon Prime for items ranging from tissue paper to big screen televisions,...
View ArticleIntroduction and Keynote Remarks: Commissioner Quintenz before the Federal...
Introduction and Keynote Remarks: Commissioner Quintenz before the Federal Reserve Bank of Chicagoâs Fourth Annual Conference on CCP Risk Management
View ArticleCFTC’s LabCFTC Releases Primer on Virtual Currencies
The Commodity Futures Trading Commissionâs LabCFTC today released, âA CFTC Primer on Virtual Currencies.â
View ArticleNavigating dark liquidity (How Fisher catches Poisson in the Dark)....
In order to reduce signalling, traders may resort to limiting access to dark venues and imposing limits on minimum fill sizes they are willing to trade. However, doing this also restricts the liquidity...
View ArticlePreliminary steps toward a universal economic dynamics for monetary and...
We consider the relationship between economic activity and intervention, including monetary and fiscal policy, using a universal dynamic framework. Central bank policies are designed for growth without...
View ArticleDisruptive firms. (arXiv:1710.06132v1 [q-fin.EC])
This study proposes the concept of disruptive firms: they are firms with market leadership that deliberate introduce new and improved generations of durable goods that destroy, directly or indirectly,...
View ArticleReview of all members' implementation of the LCR completed by the Basel...
Press release about the Basel Committee completing review of all members' implementation of the LCR (18 October 2017). The Basel Committee on Banking Supervision today published assessment reports on...
View ArticleRegulatory Consistency Assessment Programme (RCAP) - Assessment of Basel III...
The Basel Committee is publishing the "Regulatory Consistency Assessment Programme (RCAP) - Assessment of Basel III LCR regulations - Australia", October 2017.
View ArticleRegulatory Consistency Assessment Programme (RCAP) - Assessment of Basel III...
The Basel Committee is publishing the "Regulatory Consistency Assessment Programme (RCAP) - Assessment of Basel III LCR regulations - Brazil", October 2017.
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