Willpower: Discover It, Use It and Get What You Want
Willpower is the handbook you need for success in all areas of your life. Regardless of what you want to achieve, you need the strength to persevere, forge ahead and keep going no matter how tough it...
View ArticleNadex Schedule For The Presidentâs Day Holiday On Monday, February 20,...
Nadex will observe the following product specific trading hours for the week of February 20, 2017:read more...
View ArticleTehran Stock Exchange Weekly Market Review - 15 February 2017
Click here to download Tehran Stock Exchange's weekly market review.
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The Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market...
The total value of shares traded for the week  ending 16 February 2017 amounted to SAR 18.02 billion, decreasing by 5.68% over the previous week; while total stock market capitalization reached SAR...
View ArticleThe amazing power of dimensional analysis: Quantifying market impact....
This note complements the inspiring work on dimensional analysis and market microstructure by Kyle and Obizhaeva \cite{kyle2016dimensional}. Our main theorem shows by a similar argument as usually...
View ArticleEstimation for the Prediction of Point Processes with Many Covariates....
Estimation of the intensity of a point process is considered within a nonparametric framework. The intensity measure is unknown and depends on covariates, possibly many more than the observed number of...
View ArticleMaktoum Bin Mohammed Officially Opens Bank Of Singaporeâs Branch In DIFC
Deputy Ruler of Dubai and President of Dubai International Financial Centre His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum yesteday officially opened Bank of Singapore’s branch in the...
View ArticlePolitical Cycles and Stock Returns -- by Lubos Pastor, Pietro Veronesi
We develop a model of political cycles driven by time-varying risk aversion. Heterogeneous agents make two choices: whether to work in the public or private sector and which of two political parties to...
View ArticleFirm-Related Risk and Precautionary Saving Response -- by Andreas Fagereng,...
We propose a new approach to identify the strength of the precautionary motive and the extent of self-insurance in response to earnings risk based on Euler equation estimates. To address endogeneity...
View ArticleImpact of Violent Crime on Risk Aversion: Evidence from the Mexican Drug War...
Whereas attitudes towards risk are thought to play an important role in many decisions over the life-course, factors that affect those attitudes are not fully understood. Using longitudinal survey data...
View ArticleHuman Decisions and Machine Predictions -- by Jon Kleinberg, Himabindu...
We examine how machine learning can be used to improve and understand human decision-making. In particular, we focus on a decision that has important policy consequences. Millions of times each year,...
View ArticleFunding Liquidity without Banks: Evidence from a Shock to the Cost of Very...
In 2011, Colombia instituted a tax on repayment of bank loans, thereby increasing the cost of short-term bank credit more than long-term credit. Firms responded by cutting their short-term loans for...
View ArticleIllusory Gains from Chile's Targeted School Voucher Experiment -- by Benjamin...
In 2008, Chile implemented a targeted voucher program that increased voucher values for disadvantaged students at participating schools by approximately 50%. Although disadvantaged students made...
View ArticleSticking Points: Common-Agency Problems and Contracting in the U.S....
We propose a "common-agency" model for explaining inefficient contracting in the U.S. healthcare system. In our setting, common-agency problems arise when multiple payers seek to motivate a shared...
View ArticleFirms' Internal Networks and Local Economic Shocks -- by Xavier Giroud,...
This paper shows that firms spread the adverse impacts of local employment shocks across regions through their internal networks of establishments. Linking confidential micro data at the establishment...
View ArticleCurrency Matters: Analyzing International Bond Portfolios -- by John D....
Currency denomination is a prominent feature in the analysis of the structure of international bond markets, but is largely absent from analyses of cross-border investment in debt securities. This...
View ArticleThe Returns to Nursing: Evidence from a Parental Leave Program -- by Benjamin...
Nurses comprise the largest health profession. In this paper, we measure the effect of nurses on health care delivery and patient health outcomes across sectors. Our empirical strategy takes advantage...
View ArticleWhen Work Disappears: Manufacturing Decline and the Falling Marriage-Market...
The structure of marriage and child-rearing in U.S. households has undergone two marked shifts in the last three decades: a steep decline in the prevalence of marriage among young adults, and a sharp...
View ArticleRecovery from the Great Depression: The Farm Channel in Spring 1933 -- by...
In the four months following the trough of the Great Depression in March 1933, industrial production rose 57 percent. We argue that an important source of recovery was the direct effect of dollar...
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