工作论文 PAPERS
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Quantifying the Macroeconomic Impact of Credit Expansions
Although the literature has emphasized different channels through which chang...
Corina Boar, Matthew Knowles, Kjetil Storesletten, Yicheng Wang
Working Paper | No. 20231103 |
Keywords: Credit Market Deregulation, Credit Market Friction, Macroeconomic Impact, Heterogenous Firm, Ne
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Spatial Search
This paper considers a random search model where some locations provide selle...
Xiaoming Cai, Pieter Gautier, Ronald Wolthoff
Working Paper | No. 20231102 |
Keywords: search frictions, spatial equilibrium, sorting
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Search, Screening and Sorting
We examine how search frictions impact labor market sorting by constructing a...
Xiaoming Cai, Pieter Gautier, Ronald Wolthoff
Working Paper | No. 20231101 |
Keywords: sorting, complementarity, search frictions, information frictions, heterogeneity
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Leasing and the Idiosyncratic Volatility Puzzle
Our study elucidates the idiosyncratic volatility puzzle, the observed negati...
Kai Li, Kaihong Song
Working Paper | No. 20230902 |
Keywords: idiosyncratic volatility; financial constraint; leased capital; cross-section of expected retur
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Climate Innovation and Carbon Emissions: Evidence from Supply Chain Networks
We study whether climate-related innovation leads to carbon emission reductio...
Ulrich Hege, Kai Li, Yifei Zhang
Working Paper | No. 20230901 |
Keywords: : climate change mitigation technologies (CCMTs); climate innovations; supply chain; new custom
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Affirmative Action’s Connected Apportionments
It is not feasible to reserve a fraction of a seat, therefore to respect the ...
Haydar Evren, Manshu Khanna
Working Paper | No. 20230701 |
Keywords: Affirmative Action, Rotation, Indivisibility, Apportionment, Divisor Methods
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Guilty by Political Association: The Impact of Political Scandals on Connecte...
Using scandals involving US congresspersons over the period 1992-2018, we inv...
April Knill, Baixiao Liu, John J. McConnell, Cayman Seagraves
Working Paper | No. 20230504 |
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The Effect of Short Sale Restrictions on Corporate Managers
We examine how the exemption of short sale uptick tests due to the Regulation...
Baixiao Liu, John McConnell, Andrew Schrowang
Working Paper | No. 20230503 |
Keywords: Short Sale Restrictions, Short Selling, Regulation SHO, Pilot Program
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Common Correlated Effects Estimation of Nonlinear Panel Data Models
This paper focuses on estimating the coefficients and average partial effects...
Liang Chen, Minyuan Zhang
Working Paper | No. 20230502 |
Keywords: Panel data, interactive fixed effects, nonlinear models, incidental parameters, bias correction
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Exporting, Wage Profiles, and Human Capital: Evidence from Brazil
Export activity shapes workers’ experience-wage profiles Using detailed empl...
Xiao Ma, Marc-Andreas Muendler, Alejandro Nakab
Working Paper | No. 20230501 |
Keywords: Export Activity; Wage Profiles; Human Capital Accumulation