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作者：Siddique, Abu; Vlassopoulos, Michael; Zenou, Yves
作者单位：University of London; Royal Holloway University London; University of London; London School Economics & Political Science; University of Southampton; Monash University; Centre for Economic Policy Research - UK
摘要：This article investigates whether virtual contact, initiated through a documentary film, can promote interethnic harmony. We carried out a cluster-randomized field experiment involving over 3,300 households across 121 multiethnic villages in Bangladesh. We find that a documentary film, designed to humanize the ethnic-minority Santals and evoke empathy among the ethnic majority Bengalis, increased the ethnic majority's prosociality toward minorities, though the strength of the evidence varies b...
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作者：Baron, Matthew; Laeven, Luc; Penasse, Julien; Usenko, Yevhenii
作者单位：Georgetown University; European Central Bank; Tilburg University; Centre for Economic Policy Research - UK; University of Luxembourg; Massachusetts Institute of Technology (MIT)
摘要：We study the mechanisms driving bank losses across historical banking crises in 46 economies and the effectiveness of policy interventions in restoring bank capitalization. We find that bank stocks experience large, permanent declines at the onset of crises. These losses predict commensurate long-term declines in banks' earnings and dividends, rather than elevated future equity returns. Bank losses are primarily driven by write-downs of nonperforming assets, not asset sales during panics. Forc...
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作者：Del Canto, Felipe; Grigsby, John; Qian, Eric; Walsh, Conor
作者单位：Harvard University; Princeton University; National Bureau of Economic Research; Columbia University
摘要：We develop a framework to measure the welfare impact of macroeconomic shocks throughout the distribution. The first-order impact of a shock is summarized by the induced movements in agents' feasible sets: their budget constraint and borrowing constraints. We combine estimated impulse response functions with micro-data on household consumption bundles, asset holdings, and labor income for different U.S. households. We find that inflationary oil shocks are regressive, but monetary expansions are...
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作者：Kalyani, Aakash; Bloom, Nicholas; Carvalho, Marcela; Hassan, Tarek; Lerner, Josh; Tahoun, Ahmed
作者单位：Federal Reserve System - USA; Federal Reserve Bank - St. Louis; Stanford University; National Bureau of Economic Research; University of London; London Business School; Boston University; Harvard University
摘要：We identify phrases associated with novel technologies using textual analysis of patents, job postings, and earnings calls, enabling us to identify four stylized facts on the diffusion of jobs relating to new technologies. First, the development of economically impactful new technologies is geographically highly concentrated, more so even than overall patenting: 56% of the most economically impactful technologies come from just two U.S. locations, Silicon Valley and the Northeast Corridor. Sec...
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作者：Juhasz, Reka; Sakabe, Shogo; Weinstein, David E.
作者单位：University of British Columbia; Centre for Economic Policy Research - UK; National Bureau of Economic Research; Columbia University
摘要：This article examines the global adoption of technology in the late nineteenth century. We construct several novel data sets to test the idea that the codification of technical knowledge in the vernacular was necessary for countries to absorb the technologies of the first Industrial Revolution. We find that comparative advantage shifted to industries that could benefit from these technologies in countries and colonies with access to codified technical knowledge, but not in other regions. Using...
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作者：Mcleay, Michael; Tenreyro, Silvana
作者单位：Bank of England; University of London; London School Economics & Political Science
摘要：Has the dominance of the dollar in global trade rendered monetary policy ineffective? An emerging view contends that if a country invoices its exports in dollars, exchange rates cannot stabilize economic activity, as the classical expenditure-switching channel is muted. This view rests on the premise that export prices are sticky in dollars, breaking the link between export demand and depreciations. But this assumption is not borne out by the data: goods priced in dollars tend to have more fle...
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作者：Bates, Michael; Dinerstein, Michael; Johnston, Andrew C.; Sorkin, Isaac
作者单位：University of California System; University of California Riverside; Duke University; National Bureau of Economic Research; University of California System; University of California Merced; Stanford University
摘要：We estimate a matching model of teachers and elementary schools with rich data on teachers' applications and principals' ratings from a large, urban district in North Carolina. Both teachers' and principals' preferences deviate from those that would maximize the achievement of economically disadvantaged students: teachers prefer schools with fewer disadvantaged students, and principals' ratings are weakly related to teacher effectiveness. In equilibrium, these two deviations combine to produce...
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作者：Costa-Ramon, Ana; Slotwinski, Michaela; Schaede, Ursina; Brenoe, Anne Ardila
作者单位：University of Zurich; Centre for Economic Policy Research - UK; University of Neuchatel; University of Basel; Leibniz Association; Ifo Institut; Tufts University
摘要：Does information about the long-run financial costs of reduced labor supply increase mothers' working hours? We document descriptively that long-term financial factors are not top of mind when mothers decide on their employment level. Moreover, a substantial share of women holds overly optimistic expectations about pension receipt and wage growth under part-time work. In a large-scale field experiment in Switzerland, we randomly assign mothers working part-time as teachers to receive objective...
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作者：Londono-Velez, Juliana; Saravia, Estefania
作者单位：University of California System; University of California Los Angeles; National Bureau of Economic Research
摘要：This article examines the impact of denying a wanted abortion on women and children in Colombia using high-quality administrative microdata and credibly exogenous variation in abortion access. Women can seek legal abortions through a tutela, with cases randomly assigned to judges. Female judges are 20 percentage points (32%) less likely to deny abortion cases than are male judges, and we use the judge's sex as an instrument for abortion denial. Denial of a wanted abortion has both immediate an...
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作者：Brynjolfsson, Erik; Li, Danielle; Raymond, Lindsey
作者单位：Stanford University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：We study the staggered introduction of a generative AI-based conversational assistant using data from 5,172 customer-support agents. Access to AI assistance increases worker productivity, as measured by issues resolved per hour, by 15% on average, with substantial heterogeneity across workers. The effects vary significantly across different agents. Less experienced and lower-skilled workers improve both the speed and quality of their output, while the most experienced and highest-skilled worke...
