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作者：Berka, Martin; Devereux, Michael B.; Engel, Charles
作者单位：Massey University; University of British Columbia; University of Wisconsin System; University of Wisconsin Madison
摘要：We investigate the link between real exchange rates and sectoral TFP for eurozone countries. We show that real exchange rate variation, both cross-country and time-series, closely accords with an amended Balassa-Samuelson interpretation, incorporating sectoral productivity shocks and a labor market wedge. We construct a DSGE model to generate a cross section and time series of real exchange rates to compare to data. Estimates from simulated regressions are very similar to estimates for eumzone...
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作者：Dobkin, Carlos; Finkelstein, Amy; Kluender, Raymond; Notowidigdo, Matthew J.
作者单位：University of California System; University of California Santa Cruz; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT); Northwestern University
摘要：We use an event study approach to examine the economic consequences of hospital admissions for adults in two datasets; survey data from the Health and Retirement Study, and hospitalization data linked to credit reports. For non-elderly adults with health insurance, hospital admissions increase out-of-pocket medical spending, unpaid medical bills, and bankruptcy, and reduce earnings, income, access to credit, and consumer borrowing. The earnings decline is substantial compared to the out-of-poc...
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作者：Gneezy, Uri; Kajackaite, Agne; Sobel, Joel
作者单位：University of California System; University of California San Diego; University of Amsterdam; University of California System; University of California San Diego
摘要：This paper studies lying. An agent randomly picks a number from a known distribution. She can then report any number and receive a monetary payoff based only on her report. The paper presents a model of lying costs that generates hypotheses regarding behavior. In an experiment, we find that the highest fraction of lies is from reporting the maximal outcome, but some participants do not make the maximal lie. More participants lie partially when the experimenter cannot observe their outcomes tha...
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作者：Vieider, Ferdinand M.
作者单位：University of Reading
摘要：In this comment on Callen et al. (20141), I revisit recent evidence uncovering a preference for certainty in violation of dominant normative and descriptive theories of decision-making under risk. I show that the empirical findings are potentially confounded by systematic noise. I then develop choice lists that allow me to disentangle these different explanations. Experimental results obtained with these lists reject explanations based on a preference for certainty in favor of explanations bas...
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作者：Pons, Vincent
作者单位：Harvard University
摘要：This paper provides the first estimate of the effect of door-to-door canvassing on actual electoral outcomes, via a countrywide experiment embedded in Francois Hollande's campaign in the 2012 French presidential election. While existing experiments randomized door-to-door visits at the individual level, the scale of this campaign (five million doors knocked) enabled randomization by precinct, the level at which vote shares are recorded administratively. Visits did not affect turnout, but incre...
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作者：Maggiori, Matteo
作者单位：Harvard University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
摘要：I model the equilibrium risk sharing between countries with varying financial development. The most financially developed country takes greater risks because its financial intermediaries deal with funding problems better. In good times, the more financially developed country consumes more and runs a trade deficit financed by the higher financial income that it earns as compensation for taking greater risk. During global crises, it suffers heavier losses. Its currency emerges as the reserve cur...
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作者：Martin, Gregory J.; Yurukoglu, Ali
作者单位：Emory University; Stanford University; National Bureau of Economic Research
摘要：We measure the persuasive effects of slanted news and tastes for like-minded news, exploiting cable channel positions as exogenous shifters of cable news viewership. Channel positions do not correlate with demographics that predict viewership and voting, nor with local satellite viewership. We estimate that Fox News increases Republican vote shares by 0.3 points among viewers induced into watching 2.5 additional minutes per week by variation in position. We then estimate a model of voters who ...
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作者：Huang, Zhangkai; Li, Lixing; Ma, Guangrong; Xu, Lixin Colin
作者单位：Tsinghua University; Peking University; Renmin University of China; The World Bank
摘要：Hayek (1945) argues that local information is key to understanding the efficiency of alternative economic systems and whether production should be centralized or decentralized. The Chinese experience of decentralizing SOEs confirms this insight: when the distance to the government is farther, the SOE is more likely to be decentralized, and this distance-decentralization link is more pronounced with higher communication costs and greater firm-performance heterogeneity. However, when the Chinese...
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作者：Berman, Nicolas; Couttenier, Mathieu; Rohner, Dominic; Thoenig, Mathias
作者单位：Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite; Center for Economic & Policy Research (CEPR); University of Geneva; University of Lausanne; University of Lausanne
摘要：We combine georeferenced data on mining extraction of 14 minerals with information on conflict events at spatial resolution of 0.5 o x 0.5 o for all of Africa between 1997 and 2010. Exploiting exogenous variations in world prices, we find a positive impact of mining on conflict at the local level. Quantitatively, our estimates suggest that the historical rise in mineral prices (commodity super-cycle) might explain up to one-fourth of the average level of violence across African countries over ...
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作者：Bogan, Vicki L.; Fernandez, Jose M.
作者单位：Cornell University; University of Louisville
