-
作者：Becker, Anke
作者单位：Harvard University
摘要：This article studies the origins and function of customs and norms that intend to keep women from being promiscuous. Using large-scale survey data from more than 100 countries, I test the anthropological theory that a particular form of pre-industrial subsistence-pastoralism-favoured the adoption of such customs and norms. Pastoralism was characterized by frequent and often extended periods of male absence from the settlement, implying difficulties in monitoring women's behaviour and larger in...
-
作者：Tabellini, Marco; Magistretti, Giacomo
作者单位：Harvard University; National Bureau of Economic Research; International Monetary Fund
摘要：In this paper, we study the effects of economic integration with democratic partners on democracy. We assemble a large country-level panel dataset from 1960 to 2015, and exploit improvements in air, relative to sea, transportation to derive a time-varying instrument for economic integration. We find that economic integration with democracies increases countries' democracy scores, whereas the impact of economic integration with non-democracies is muted. Results are stronger when democratic part...
-
作者：Akbarpour, Mohammad; Combe, Julien; He, YingHua; Hiller, Victor; Shimer, Robert; Tercieux, Olivier
作者单位：Stanford University; Institut Polytechnique de Paris; Ecole Polytechnique; ENSAE Paris; Rice University; Universite Paris-Pantheon-Assas; University of Chicago; Centre National de la Recherche Scientifique (CNRS); Paris School of Economics
摘要：For an incompatible patient-donor pair, kidney exchanges often forbid receipt-before-donation (the patient receives a kidney before the donor donates) and donation-before-receipt, causing a double-coincidence-of-wants problem. We study an algorithm, the Unpaired kidney exchange algorithm, which eliminates this problem. In a dynamic matching model, we show that the waiting time of patients under Unpaired is close to optimal and substantially shorter than under widely used algorithms. Using a ri...
-
作者：de Paula, Aureo; Rasul, Imran; Souza, Pedro C. L.
作者单位：University of London; University College London; University of London; University College London; University of London; Queen Mary University London
摘要：Social interactions determine many economic behaviours, but information on social ties does not exist in most publicly available and widely used datasets. We present results on the identification of social networks from observational panel data that contains no information on social ties between agents. In the context of a canonical social interactions model, we provide sufficient conditions under which the social interactions matrix, endogenous and exogenous social effect parameters are globa...
-
作者：Ekmekci, Mehmet; Zhang, Hanzhe
作者单位：Boston College; Michigan State University
摘要：Two parties negotiate in the presence of external resolution opportunities (e.g. court, arbitration, or war). The outcome of external resolution depends on the privately held justifiability/strength of their claims. A justified party issues an ultimatum for resolution whenever possible, but an unjustified party strategically bluffs with an ultimatum to establish a reputation for being justified. We show that the availability of external resolution opportunities can benefit or hurt an unjustifi...
-
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...
-
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...
-
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 ...
-
作者：Acharya, Viral V.; Vij, Siddharth
作者单位：New York University; Centre for Economic Policy Research - UK; National Bureau of Economic Research; University System of Georgia; University of Georgia
摘要：We establish that macroprudential controls limiting capital flows can curb risks arising from foreign currency borrowing by corporates in emerging markets. Firm-level data show that Indian firms tend to issue more foreign currency debt when the interest rate differential between India and the U.S. is higher. This carry trade relationship, however, breaks down once regulators institute more stringent interest rate caps on borrowing; in response, riskier borrowers cut issuance most. Prior to ado...
-
作者：Melcangi, Davide; Sterk, Vincent
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; University of London; University College London
摘要：Recent literature has shown that the fraction of liquidity-constrained households in the population critically determines the mix of transmission channels of monetary policy. In this article, we bring a different but important dimension of heterogeneity to the forefront: stock market participation. We show that the stock market participation rate not only shapes the mix of policy channels but also heavily affects the aggregate responses. This happens as direct rebalancing effects and indirect ...
