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Anticipated versus Realized Benefits: Can Event Studies Be Used To Predict the Impact of New Regulations?

Reynolds, Kara M. - EconWPA - 2005

Economists often use event study methodology to evaluate the impact of new regulations on firms before there is enough data to empirically estimate the effects. This research investigates the degree to which event study methodology can provide useful information in this regard by studying how...

Persistent link: https://www.econbiz.de/10005556466

Wealth Effects of Banks' Rights to Market and Originate Annuities

Cowan, Arnold R.; Howell, Jann C.; Power, Mark L. - EconWPA - 2002

We examine wealth effects, for banks and insurers, of bank rights to sell and underwrite annuities. The stock-price reactions to four court and regulatory decisions are consistent with expectations of bank gains at insurers' expense. Cross-sectionally, smaller, riskier insurers with higher...

Persistent link: https://www.econbiz.de/10005561610

Lobbying, Information Transmission, and Unequal Representation

Lagerlof, Johan; Frisell, Lars - EconWPA - 2004

We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policymaker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truthtelling, we show that the...

Persistent link: https://www.econbiz.de/10005076613

Output Changes and Inflationary Bias in Transition

Filer, Randall K.; Hanousek, Jan - EconWPA - 2001

. Reasonable estimates of the size of the inflationary bias in the Czech Republic suggest that conventionally reported declines in …

Persistent link: https://www.econbiz.de/10005126136

Monetary Policy Shifts, Indeterminacy and Inflation Dynamics

Surico, Paolo - EconWPA - 2005

The New-Keynesian Phillips curve plays a central role in modern macroeconomic theory. A vast empirical literature has estimated this structural relationship over various postwar full-samples. While it is well know that in a New-Keynesian model a weak central bank response to inflation generates...

Persistent link: https://www.econbiz.de/10005126312

Biais cognitifs, asymétrie d’information et formation des prix

Kaestner, Michael - EconWPA - 2005

/or failing to assess correctly the quality of their private signal. We evaluate the impact of the considered bias on the …

Persistent link: https://www.econbiz.de/10005134796

Publication Bias Against Null Results

Hubbard, Raymond; Armstrong, JS - EconWPA - 2005

Studies suggest a bias against the publication of null (p > .05) results. Instead of significance, we advocate …

Persistent link: https://www.econbiz.de/10005062675

HOW ACCURATE ARE THE SWEDISH FORECASTERS ON GDP-GROWTH,CPI- INFLATION AND UNEMPLOYMENT? (1993-2001)

Barot, Bharat - EconWPA - 2005

, the root mean square error, bias and finally directional accuracy. The forecasts are even compared to naive random walk … by the naive random walk model. Tests of bias indicate that the Swedish forecasters underestimate GDP-growth and …, root mean square error, directional accuracy, bias, revisions, final respective preliminary outcomes, Theil index, naïve …

Persistent link: https://www.econbiz.de/10005412654

Lobbying, Information Transmission, and Unequal Representation

Lagerlof, Johan; Frisell, Lars - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005413244

Media, Education, and anti-Americanism in the Muslim World

Gentzkow, Matthew A.; Shapiro, Jesse M. - EconWPA - 2004

Recent surveys in the United States and the Muslim world show widespread misinformation about the events of September 11, 2001. Using data from 9 predominantly Muslim countries, we study how such beliefs depend on exposure to news media and levels of education. Standard economic theory would...

Persistent link: https://www.econbiz.de/10005413251