作者：Smith, Sarah; Windmeijer, Frank; Wright, Edmund
作者单位：University of Bristol; University of London; University College London
摘要：There is a widespread belief that peer effects are important in charitable giving but little evidence on how donors respond to their peers. Analysing a unique data set of donations to online fund-raising pages, we find positive and sizeable peer effects: a 10 pound increase in the mean of past donations increases giving by 2.50 pound, on average. Donations respond to both very large and very small amounts and to changes in the mode. We find little evidence that donations signal charity quality...
作者：Passari, Evgenia; Rey, Helene
作者单位：Universite PSL; Universite Paris-Dauphine; University of London; London Business School; Centre for Economic Policy Research - UK; National Bureau of Economic Research
摘要：We review the findings of the literature on the benefits of international financial flows and find that they are quantitatively elusive. We then present evidence on the existence of a global cycle in gross cross-border flows, asset prices and leverage and discuss its impact on monetary policy autonomy across different exchange rate regimes. We focus in particular on the effect of US monetary policy shocks on the UK's financial conditions.
