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Toward a Holistic Approach to Central Bank Trust

Eickmeier, Sandra; Petersen, Luba - National Bureau of Economic Research - 2024

We examine public trust in the European Central Bank (ECB) and its determinants using data from the Bundesbank … psychology, we offer a fresh perspective on the factors influencing central bank trust that is more holistic than the … their trust in the ECB, tend to express higher trust in the ECB. Conversely, those who place greater importance on values …

Persistent link: https://www.econbiz.de/10014635679

Confidence Risk and Asset Prices

Bansal, Ravi - 2009

In the data, asset prices exhibit large negative moves at frequencies of about 18 months. These large moves are puzzling as they do not coincide, nor are they followed by any significant moves in the real side of the economy. On the other hand, we find that measures of investor's uncertainty...

Persistent link: https://www.econbiz.de/10012463832

Embedded Culture as a Source of Comparative Advantage

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - National Bureau of Economic Research - 2024

This paper examines how the concept of embedded culture played a transformative role in the ongoing cultural revolution within economics and business. We trace the field's shift from the 20th-century concept of homo economicus universalis to an approach incorporating cultural embeddedness in...

Persistent link: https://www.econbiz.de/10015171671

Cultural Diversity, Geographical Isolation, and the Origin of the Wealth of Nations

Ashraf, Quamrul - 2011

This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion...

Persistent link: https://www.econbiz.de/10012461017

Who is Neoliberal? Durkheimian Individualism and Support for Market Mechanisms

Landier, Augustin; Thesmar, David - National Bureau of Economic Research - 2022

This paper investigates the drivers of support for market mechanisms (competition and optimizing behavior by agents). We elicit such attitudes using concrete and simplified situations where respondents face a tradeoff between an economically efficient situation and a pro-social objective. We...

Persistent link: https://www.econbiz.de/10013191037

Ethnographic Records, Folklore, and AI

Michalopulos, Stelios - National Bureau of Economic Research - 2025

In this Handbook chapter, I examine how integrating ethnographic and folklore records has shaped research on culture and economics in the 21st century. Advances in text analysis techniques and the incorporation of historical and satellite data have transformed the field. I explore how George...

Persistent link: https://www.econbiz.de/10015398152

How to Eliminate Pyramidal Business Groups - The Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy

Morck, Randall - 2004

Arguments for eliminating the double taxation of dividends apply only to dividends paid by corporations to individuals. The double (and multiple) taxation of dividends paid by one firm to another -- intercorporate dividends - was explicitly included in the 1930s as part of a package of tax and...

Persistent link: https://www.econbiz.de/10012467743

Business Groups in Canada : Their Rise and Fall, and Rise and Fall Again

Morck, Randall - 2015

Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch-up industrialization, but largely gave way to widely held free-standing firms by mid- century. In the 1970s and early 1980s - an era of high inflation, financial reversal,...

Persistent link: https://www.econbiz.de/10012456963

Does Conflict of Interest Lead to Biased Coverage? Evidence from Movie Reviews

DellaVigna, Stefano - 2014

Media outlets are increasingly owned by conglomerates, inducing a conflict of interest: a media outlet can bias its coverage to benefit companies in the same group. We test for bias by examining movie reviews by media outlets owned by News Corp.--such as the Wall Street Journal--and by Time...

Persistent link: https://www.econbiz.de/10012458004

The Great Pyramids of America : A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950

Kandel, Eugene - 2013

Most listed firms are freestanding in the U.S, while listed firms in other countries often belong to business groups: lasting structures in which listed firms control other listed firms. Hand-collected historical data illuminate how the present ownership structure of the United States arose: (1)...

Persistent link: https://www.econbiz.de/10012458971