综合经济学
The first-ever article published in Research Policy was Casimir's (1971) advocacy of academic freedom in light of the industry's increasing influence on research in universities. Half a century later, the literature attests to the dearth of…
The November 2022 ranked choice election for District 4 School Director in Oakland, CA, was very interesting from the perspective of social choice theory. The election did not contain a Condorcet winner and exhibited downward and upward…
In the past, the seed keywords for CPI prediction were often selected based on empirical summaries of research and literature studies, which were prone to select omitted and invalid variables. In this paper, we design a keyword expansion…
In this paper, we identify two different sets of problems. The first covers the problems that the iterative proportional fitting (IPF) algorithm was developed to solve. These concern completing a population table by using a sample. The…
I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on winning the Nobel Prize. Conditional on being Nobel-worthy, students and…
Preliminary research indicated that an increasing number of young adults end up in debt collection. Yet, debt collection agencies (DCAs) are still lacking knowledge on how to approach these consumers. A large-scale mixed-methods survey of…
We illustrate the point with an empirical analysis of assortative mating in the US, namely, that the outcome of comparing two distant groups can be sensitive to whether comparing the groups directly, or indirectly via a series of…
We study a heterogeneous agent macroeconomic model with an infinite number of households and firms competing in a labor market. Each household earns income and engages in consumption at each time step while aiming to maximize a concave…
Using the 2017 National Household Travel Survey (NHTS), this study analyzes America's urban travel trends compared with earlier nationwide travel surveys, and examines the variations in travel behaviors among a range of socioeconomic…
College students graduating in a recession have been shown to face large and persistent negative effects on their earnings, health, and other outcomes. This paper investigates whether students delay graduation to avoid these effects. Using…
In international trade, firms face lengthy ordering-producing-delivery times and make shipping frequency decisions based on the per-shipment costs and financing costs. In this paper, I develop a model of importer-exporter procurement where…
The vast literature on exchange rate fluctuations estimates the exchange rate pass-through (ERPT). Most ERPT studies consider annually aggregated data for developed or large developing countries for estimating ERPT. These estimates vary…
We propose four channels through which government guarantees affect banks' incentives to smooth income. Empirically, we exploit two complementary settings that represent plausible exogenous changes in government guarantees: the increase in…
Index insurance is a promising tool to reduce the risk faced by farmers, but high basis risk, which arises from imperfect correlation between the index and individual farm yields, has limited its adoption to date. Basis risk arises from two…
In this paper, we consider a mean field model of social behavior where there are an infinite number of players, each of whom observes a type privately that represents her preference, and publicly observes a mean field state of types and…
This article conducts a literature review on the topic of monetary policy in developing countries and focuses on the effectiveness of monetary policy in promoting economic growth and the relationship between monetary policy and economic…
This synthetic control study quantifies the economic costs of the Russo-Ukrainian war in terms of foregone entrepreneurial activity in both countries since the invasion of Crimea in 2014. Relative to its synthetic counterfactual, Ukraine's…
From the perspective of social choice theory, ranked-choice voting (RCV) is known to have many flaws. RCV can fail to elect a Condorcet winner and is susceptible to monotonicity paradoxes and the spoiler effect, for example. We use a…
Portfolio optimization is an inseparable part of strategic asset allocation at the Czech National Bank. Quantum computing is a new technology offering algorithms for that problem. The capabilities and limitations of quantum computers with…
Search frictions can impede the formation of optimal matches between consumer and supplier, or employee and employer, and lead to inefficiencies. This paper revisits the effect of search frictions on the firm size distribution when…