-
作者：Bonadio, Barthelemy; Fischer, Andreas M.; Saure, Philip
作者单位：University of Michigan System; University of Michigan; Swiss National Bank (SNB); Johannes Gutenberg University of Mainz
摘要：On January 15, 2015, the Swiss National Bank discontinued its minimum exchange rate policy of 1 euro against 1.2 Swiss francs. This policy change resulted in a sharp, unanticipated, and permanent appreciation of the Swiss franc by more than 11% against the euro. We analyze the pass-through of this unusually clean exchange rate shock into import unit values at the daily frequency using Swiss transaction-level trade data. Our key findings are twofold. First, for goods invoiced in euros, the pass...
-
作者：Lavy, Victor
作者单位：University of Warwick; Hebrew University of Jerusalem
摘要：This paper uses a natural experiment in Israel to assess the impact of school teaching resources and how it is used, time-on-task, on academic achievements and noncognitive outcomes. It exploits variation induced by a change in the funding formula that reduced instructional resources funding for some schools and increased them for others. The results suggest that increased school resources and students' spending more time at school and on key tasks all lead to increased academic achievements w...
-
作者：Luo, Renfu; Miller, Grant; Rozelle, Scott; Sylvia, Sean; Vera-Hernandez, Marcos
作者单位：Peking University; Stanford University; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine; University of London; University College London
摘要：Unlike performance incentives for private sector managers, little is known about performance incentives for managers in public sector bureaucracies. Through a randomized trial in rural China, we study performance incentives rewarding school administrators for reducing student anemia-as well as complementarity between incentives and orthogonally assigned discretionary resources. Large (but not small) incentives and unrestricted grants both reduced anemia, but incentives were more cost-effective...
-
作者：Bietenbeck, Jan
作者单位：Lund University
摘要：This paper evaluates how sharing a kindergarten classroom with low-achieving repeaters affects the long-term educational performance of regular first-time kindergarten students. Exploiting random assignment of teachers and students to classes in Project STAR, I document three sets of causal impacts: students who are exposed to repeaters (1) score lower on a standardized math test at the end of kindergarten, an effect that fades out in later grades; (2) show persistent improvements in noncognit...
-
作者：Corvalan, Alejandro; Querubin, Pablo; Vicente, Sergio
作者单位：University Diego Portales; New York University; Universidad Carlos III de Madrid; University of London; Queen Mary University London
摘要：We study the relationship between the composition of the political class and the size of government. First, we use a citizen-candidate model to show that the extension of suffrage is inconsequential for government spending when stricter eligibility requirements are in place. The removal of eligibility requirements, on the other hand, leads to the election of less wealthy politicians and the enactment of more redistributive policies. We test these predictions empirically using data from the 13 ...
-
作者：Grimm, Veronika; Mengel, Friederike
作者单位：University of Erlangen Nuremberg; University of Essex; Lund University
摘要：We study belief formation in social networks using a laboratory experiment. Participants in our experiment observe an imperfect private signal on the state of the world and then simultaneously and repeatedly guess the state, observing the guesses of their network neighbors in each period. Across treatments we vary the network structure and the amount of information participants have about the network. Our first result shows that information about the network structure matters and in particular...
