Macroeconomics of bank capital and liquidity regulations
We study the transmission mechanisms of liquidity and capital regulations as well as their effects on the economy and welfare. We propose a macro-economic model in which a regulator faces the following...
View ArticleNot All Measures of GDP are Created Equal
"Not All Measures of GDP are Created Equal" https://t.co/Xg7cHVlkCW #feedly â Miguel A. Arranz (@miguelarrnz6) December 19, 2016
View ArticleSolar can already generate more energy than oil, says major scientific review...
Solar power is already able to produce more energy than oil and gas for every unit of energy invested. https://t.co/6Zrg8vNedS â moneyscience (@moneyscience)â¦
View ArticleLearning, Confidence, and Business Cycles -- by Cosmin L. Ilut, Hikaru Saijo
We build a tractable heterogeneous-firm business cycle model where firms face Knightian uncertainty about their profitability and learn it through production. The cross-sectional mean of firm-level...
View ArticleEstimating market power Evidence from the US Brewing Industry -- by Jan De...
While inferring markups from demand data is common practice, estimation relies on difficult-to-test assumptions, including a specific model of how firms compete. Alternatively, markups can be inferred...
View ArticleEnergy Efficiency Standards Are More Regressive Than Energy Taxes: Theory and...
Economists promote energy taxes as cost-effective. But policymakers raise concerns about their regressivity, or disproportional burden on poorer families, preferring to set energy efficiency standards...
View ArticleAgricultural Fires and Infant Health -- by Marcos A. Rangel, Tom Vogl
Fire has long served as a tool in agriculture, but this practice's human capital consequences have proved difficult to study. Drawing on data from satellites, air monitors, and vital records, we study...
View ArticleLife Word: Discover Your One Word to Leave a Legacy
Discover your Life Word!read more...
View ArticleMSc Investment Management - Postgraduate Programs - Marketplace.MoneyScience
Info: MSc Investment Management at the ICMA Centre - Marketplace.MoneyScience - @icmacentre #financialeducation https://t.co/UQEn1hcde7 â moneyscienceâ¦
View ArticleJapanese company replaces office workers with artificial intelligence
Japanese insurance firm replaces office workers with artificial intelligencehttps://t.co/xrlDq35vrS â moneyscience (@moneyscience) January 5, 2017
View ArticleMiFID II Not Just for EU: New Buyside Survey Finds North American Asset...
NEW YORK, Jan. 05, 2017 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today released a survey of North American institutional investors about the...
View ArticleDo Technical Experts Make Better Leaders? Part 2
Someone read yesterday's blog post about technical experts as leaders, and they asked me if I had done a similar analysis for NFL coaches. In yesterday's blog post, I showed that most NBA...
View ArticleThe Golden Era of Hedge Funds Draws to a Close With Clients in Revolt
The Golden Era of Hedge Funds Draws to a Close With Clients in Revolt https://t.co/BBU2bLcC7E â moneyscience (@moneyscience) January 5, 2017
View ArticleChebyshev Reduced Basis Function applied to Option Valuation....
This paper concerns the design of a Reduced basis function approach to mitigate the impact of the "Curse of Dimensionality" which appears when we deal with multidimensional interpolation, in...
View ArticlePredicting Economic Recessions Using Machine Learning Algorithms....
Even at the beginning of 2008, the economic recession of 2008/09 was not being predicted. The failure to predict recessions is a persistent theme in economic forecasting. The Survey of Professional...
View ArticleRational Decision-Making Under Uncertainty: Observed Betting Patterns on a...
What would you do if you were invited to play a game where you were given \$25 and allowed to place bets for 30 minutes on a coin that you were told was biased to come up heads 60% of the time? This is...
View ArticleOptimal liquidation in a Level-I limit order book for large tick stocks....
We propose a framework to study the optimal liquidation strategy in a limit order book for large-tick stocks, with spread equal to one tick. All order book events (market orders, limit orders and...
View ArticleBurst and inter-burst duration statistics as empirical test of long-range...
We address the problem of long-range memory in the financial markets. There are two conceptually different ways to reproduce power-law decay of auto-correlation function: using fractional Brownian...
View ArticleEfficient asymptotic variance reduction when estimating volatility in high...
This paper shows how to carry out efficient asymptotic variance reduction when estimating volatility in the presence of stochastic volatility and microstructure noise with the realized kernels (RK)...
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