综合经济学
We study whether ChatGPT and DeepSeek can extract information from the Wall Street Journal to predict the stock market and the macroeconomy. We find that ChatGPT has predictive power. DeepSeek underperforms ChatGPT, which is trained more…
Analyzing development projects is crucial for understanding donors aid strategies, recipients priorities, and to assess development finance capacity to adress development issues by on-the-ground actions. In this area, the Organisation for…
Proponents of blockchains believe that this technology will revolutionize e-commerce. To evaluate this belief, we invite several groups of students to transact on a decentralized peer-to-peer marketplace built on the platform provided by…
This paper examines labor market polarization through a comparative analysis of skill-based employment and wage distributions in India and the United States during 2018-2023, with particular attention to differential automation risks and AI…
We examine how production and the development of property rights interact with cultural transmission to shape the treatment of the elderly across societies. Our model posits that respect for the elderly arises endogenously: parents invest…
Ghana records a low penetration of 1.05% compared to some of its African counterparts. For example South Africa, which has an insurance penetration rate of 17%, followed by Namibia which records 6.3%. This means, there is more room for…
The objective of this study is to analyze the CO2 emissions and economic impacts of the implementation of the National Efficient Cooking Program (NECP) in Ecuador, which aims to migrate the population from Liquefied Petroleum Gas…
We develop an analytical framework to assess the adaptations in a coupled ecological-economic system and apply it to a bio-economic model. Our framework allows us to quantify the impact of multiple drivers on a coupled ecological-economic…
The emergence of Artificial General Intelligence (AGI) labor, including AI agents and autonomous systems operating at near-zero marginal cost, reduces the marginal productivity of human labor, ultimately pushing wages toward zero. As AGI…
The integration of Artificial General Intelligence (AGI) into economic production represents a transformative shift with profound implications for labor markets, income distribution, and technological growth. This study extends the Constant…
This paper seeks to clarify whether the processing of two types of messages that promote responsible gambling, namely personalized messages and normative messages, varies across gamblers severity habits and rational thinking
In recent years, large language models (LLMs) have attracted attention due to their ability to generate human-like text. As surveys and opinion polls remain key tools for gauging public attitudes, there is increasing interest in assessing…
This paper revisits the limitations of the Median Voter Theorem and introduces a novel framework to analyze the optimal economic ideological positions of political parties. By incorporating Nash equilibrium, we examine the mechanisms and…
The complex interplay between famine, warfare, and climate constitutes a multifaceted and context-dependent relationship that has profoundly influenced human history, particularly in early modern Europe. This study advances the literature…
We present empirical evidence on the relationship between demand shocks and price changes, conditional on returns to scale. We find that in industries with decreasing returns to scale, demand increases (which raise costs) correspond to…
The financialization of agricultural commodities and its impact on food security has become an increasing concern. This study empirically investigates the role of financialization in global food markets and its policy implications for a…
Dynamic Stochastic General Equilibrium (DSGE) models are nowadays a crucial quantitative tool for policy-makers. However, they did not emerge spontaneously. They are built upon previously established ideas in Economics and relatively recent…
This paper argues that military buildups lead to a significant rise in greenhouse gas emissions and can disrupt the green transition. Identifying military spending shocks, I use local projections to show that a percentage point rise in the…
This study examines whether exporting enhances efficiency and favors specific inputs. We develop a production function model within a dynamic exporting and investment framework, capturing factor-biased technical changes. Using Kalman…
We investigate the optimal regulation of energy production in alignment with the long-term goals of the Paris Climate Agreement. We analyze the optimal regulatory incentives to foster the development of non-emissive electricity generation…