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作者：Markevich, Andrei; Naumenko, Natalya; Qian, Nancy
作者单位：University of Helsinki; New Economic School; Center for Economic & Policy Research (CEPR); George Mason University; Northwestern University; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research
摘要：We construct a novel panel dataset for interwar Soviet Union to study the causes of Ukrainian famine mortality (Holodomor) during 1932-3 and document several facts: (1) Ukraine produced enough food in 1932 to avoid famine in Ukraine; (2) 1933 mortality in the Soviet Union was increasing in the pre-famine ethnic Ukrainian population share and (3) was unrelated to food productivity across regions; (4) this pattern exists even outside of Ukraine; (5) migration restrictions exacerbated mortality; ...
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作者：Alvarez, Fernando; Ferrara, Andrea; Gautier, Erwan; Le Bihan, Herve; Lippi, Francesco
作者单位：University of Chicago; National Bureau of Economic Research; Northwestern University; European Central Bank; Bank of France; Universite PSL; Universite Paris-Dauphine; Curtin University; Luiss Guido Carli University
摘要：In a broad class of sticky-price models, the non-neutrality of nominal shocks is captured by a simple sufficient statistic: the ratio of the kurtosis of the price change distribution over the frequency of price changes. We test the sufficient statistic proposition using data for a large sample of products representative of the French economy. We first extend the theory to allow for empirically relevant monetary shocks with a transitory predictable component. We then use the microdata to measur...
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作者：Bhuller, Manudeep; Sigstad, Henrik
作者单位：University of Oslo; BI Norwegian Business School
摘要：Do judges respond to reversals of their decisions? Using random assignment of cases across two stages of the criminal justice system in Norway and a novel dataset linking trial court decisions to reversals in appeals courts, we provide causal evidence on feedback effects in judicial decision-making. By exploiting differences in the tendencies of randomly assigned appeal panels to reverse trial court decisions, we show that trial court judges who receive a reversal of a sentence respond by upda...
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作者：Fernandez-Villaverde, Jesus; Mandelman, Federico; Yu, Yang; Zanetti, Francesco
作者单位：University of Pennsylvania; National Bureau of Economic Research; Centre for Economic Policy Research - UK; Federal Reserve System - USA; Federal Reserve Bank - Atlanta; Shanghai Jiao Tong University; University of Oxford
摘要：We document five novel facts about the role of search effort in forming trading relationships among firms by combining a variety of micro and macro datasets. These facts strongly suggest the presence of search complementarities. To study the implications of these facts for aggregate fluctuations, we build a dynamic general equilibrium model, disciplined by our new firm-level evidence on search effort. The model matches key aspects of the macro and micro data that have remained unaccounted for ...
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作者：Korovkin, Vasily; Makarin, Alexey; Miyauchi, Yuhei
作者单位：Barcelona School of Economics; Pompeu Fabra University; Massachusetts Institute of Technology (MIT); Boston University
摘要：How do localized conflicts disrupt supply chains and prompt firms to reorganize them? How do these forces affect firm-level and aggregate economic activity? Using firm-to-firm Ukrainian railway-shipment data before and during the 2014 Russia-Ukraine conflict, we document that firms with prior supplier and buyer exposure to the conflict areas substantially decreased their output. Simultaneously, firms reorganized their production linkages away from partners directly or indirectly exposed to the...
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作者：Atkin, David; Costinot, Arnaud; Fukui, Masao
作者单位：Massachusetts Institute of Technology (MIT); Boston University
摘要：We study the relationship between international trade and development in a model where countries differ in their capability, goods differ in their complexity, and capability growth is a function of a country's pattern of specialization. Theoretically, we show that it is possible for international trade to increase capability growth in all countries and, in turn, to push all countries up the development ladder. This occurs if (i) shifting employment towards more complex sectors raises capabilit...
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作者：Rostek, Marzena; Yoder, Nathan
作者单位：University of Wisconsin System; University of Wisconsin Madison; University System of Georgia; University of Georgia
摘要：When selling goods like wireless spectrum or electricity contracts, designers often opt for core-selecting mechanisms-i.e. those that induce outcomes in the core-in order to balance revenue and efficiency goals. But increasingly, auctions-such as the Federal Communications Commission's Incentive Auction and those explored for natural resources-seek to reallocate goods, not just sell them. We show that when bidders can both buy and sell, substitutability among goods is no longer sufficient or n...
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作者：Adusumilli, Karun
作者单位：University of Pennsylvania
摘要：We study sequential experiments where sampling is costly and a decision-maker aims to determine the best treatment for full-scale implementation by (1) adaptively allocating units between two possible treatments, and (2) stopping the experiment when the expected welfare (inclusive of sampling costs) from implementing the chosen treatment is maximised. Working under a continuous time limit, we characterise the optimal policies under the minimax regret criterion. We show that the same policies a...
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作者：Sergeyev, Dmitriy; Lian, Chen; Gorodnichenko, Yuriy
作者单位：Bocconi University; Centre for Economic Policy Research - UK; Bocconi University; University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：We study the psychological costs of financial constraints and their economic consequences. Using a representative survey of U.S. households, we document the prevalence of financial stress in U.S. households and a strong relationship between financial stress and measures of financial constraints. We incorporate financial stress into an otherwise standard dynamic model of consumption and labour supply. We emphasize two key results. First, both financial stress itself and naivete about financial ...
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作者：Bhalotra, Sonia; Britto, Diogo G. C.; Pinotti, Paolo; Sampaio, Breno
作者单位：University of Warwick; Centre for Economic Policy Research - UK; Bocconi University; University of Milano-Bicocca; Bocconi University; Universidade Federal de Pernambuco
摘要：We estimate impacts of male job loss, female job loss, and male unemployment benefits on domestic violence (DV) in Brazil. We merge individual-level employment and welfare registers with different measures of DV: judicial cases brought to criminal courts, the use of public shelters by victims, and mandatory DV notifications by health providers. Leveraging mass layoffs for identification, we first show that both male and female job loss, independently, lead to large, and pervasive increases in ...
