TOCOM And Nikkei Add New Leveraged And Inverse Indices
The Tokyo Commodity Exchange Inc. and Nikkei Inc. will add 10 new leveraged and inverse indices based on the Soybean, Corn and the others. They will be published from September 20, 2016.read more...
View ArticleA New RTGS Service For The United Kingdom: Safeguarding Stability, Enabling...
Stakeholders agreed that now was the right time for us to develop the next generation of RTGS. They strongly encouraged us to continue to make safeguarding the payments system’s overall stability our...
View ArticleWholesale Gas Prices Continue To Fall In The EU But Electricity Prices End...
The downward trend of wholesale energy prices continued in most of the EU in 2015, according to the latest ACER/CEER Market Monitoring Report1, whose wholesale volumes were published today. The results...
View ArticleRipple Raises $55 Million In Series B Funding - New Strategic Investors...
Ripple, the global provider of financial settlement solutions, announced yesterday that it has completed a $55 million Series B financing. The company will use the funds to accelerate its rapid...
View ArticleIncarceration, Recidivism and Employment -- by Manudeep Bhuller, Gordon B....
Understanding whether, and in what situations, time spent in prison is criminogenic or preventive has proven challenging due to data availability and correlated unobservables. This paper overcomes...
View ArticleBetter, Faster, Stronger: Global Innovation and Trade Liberalization -- by...
This paper estimates the effect of trade policy during the Great Liberalization of the 1990s on innovation in over 60 countries using international firm-level patent data. The empirical strategy...
View ArticleNonlinear Tax Incidence and Optimal Taxation in General Equilibrium -- by...
We study the incidence and the optimal design of nonlinear income taxes in a Mirrleesian economy with a continuum of endogenous wages. We characterize analytically the incidence of any tax reform by...
View ArticleInternational Banking and Cross-border Effects of Regulation: Lessons from...
Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment where banks operate globally. Using U.S. micro-banking data for the first quarter...
View ArticlePreferences for Equality in Environmental Outcomes -- by Maureen Cropper,...
Benefit-cost analyses of health regulations traditionally evaluate their economic efficiency--ignoring equity. To help address the importance of equity, we develop a survey to elicit respondents'...
View ArticleCredible Ecological Inference for Personalized Medicine: Formalizing Clinical...
This paper studies the ecological inference problem that arises when clinicians seek to personalize patient care by making health risk assessments conditional on observed patient attributes. Let y be a...
View ArticleDeriving Risk Adjustment Payment Weights to Maximize Efficiency of Health...
Risk adjustment of payments to health plans is fundamental to regulated competition among private insurers, which serves as the basis of national health policy in many countries. To date, estimation...
View ArticleTitle IX and the Spatial Content of Female Employment--Out of the Lab and...
Sports participation is a leading environmental explanation of the male advantage in some spatial skills. We exploit the large increase in females' high school sports participation due to Title IX to...
View ArticleThe Role of Information and Cash Transfers on Early Childhood Development:...
While substantial progress has been made in combating malnutrition at a global level, chronic maternal and child malnutrition remains a serious problem in many parts of the developing world. In this...
View ArticleMonetary Policy for a Bubbly World -- by Vladimir Asriyan, Luca Fornaro,...
We propose a model of money, credit and bubbles, and use it to study the role of monetary policy in managing asset bubbles. In this model, bubbles pop up and burst, generating fluctuations in credit,...
View ArticleHow Quantitative Easing Works: Evidence on the Refinancing Channel -- by...
Despite massive large-scale asset purchases (LSAPs) by central banks around the world since the global financial crisis, there is a lack of empirical evidence on whether and how these programs affect...
View ArticleImporting Political Polarization? The Electoral Consequences of Rising Trade...
Has rising trade integration between the U.S. and China contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and 2010 congressional elections, we detect an ideological...
View ArticleTrade and the Environment: New Methods, Measurements, and Results -- by Jevan...
We review recent research linking international trade to the environment, with a focus on new results and methods. The review is given structure by a novel decomposition linking changes in emissions to...
View ArticleIncentive Fees and Competition in Pension Funds: Evidence from a Regulatory...
Concerned with excessive risk taking, regulators worldwide generally prohibit private pension funds from charging performance-based fees. Instead, the premise underlying the regulation of private...
View ArticleResearch and Impacts of Digital Financial Services -- by Dean Karlan, Jake...
A growing body of rigorous research shows that financial services innovations can have important positive impacts on wellbeing, but also that many do not. We first describe the latest evidence on what...
View ArticleHow You Pay Affects How You Do: Financial Aid Type and Student Performance in...
Students receiving financial aid pay different amounts for equivalent education and do so in different ways: Grants, which do not have to be repaid, loans, which are paid back in the future, and...
View Article