Showing 1 - 10 of 91
Can raising awareness of racial bias subsequently reduce that bias? We address this question by exploiting the … widespread media attention highlighting racial bias among professional basketball referees that occurred in May 2007 following … the release of an academic study. Using new data, we confirm that racial bias persisted in the years after the study …
Persistent link: https://www.econbiz.de/10011084624
We examine the expected survival time of a unilateral exchange rate target zone, when constraints on monetary policy prevent the central bank from exclusively focusing on defending the target zone. In general, the width of the target zone has a negligible effect on the expected survival time,...
Persistent link: https://www.econbiz.de/10005791503
Recent contribution emphasize that the presence of exchange rate target zones has important effects on the within-band behaviour of exchange rates. We show that the implications of available models are strikingly inconsistent with European Monetary System data, and we propose a model of...
Persistent link: https://www.econbiz.de/10005792134
The large dollar fluctuations of the last decade are often viewed as a classic example of a lack of macroeconomic coordination. This paper examines these fluctuations from a European perspective and suggests five conclusions. First, interdependence between Europe and the US is quite limited as...
Persistent link: https://www.econbiz.de/10005281278
corner solutions. These intermediate regimes are characterized by significant foreign exchange market interventions of … different forms of floating on the basis of a central bank's intervention activity: pure floating (no interventions … interventions and sterilization and we explain why a central bank has an interest in controlling simultaneously the exchange rate …
Persistent link: https://www.econbiz.de/10005114175
This article provides a review of recent literature in economics on the effect of mass media on politics. The focus is on the welfare effects of mass media. I also discuss the likely implications of existing behavioral theories of media effects, developed outside of economics.
Persistent link: https://www.econbiz.de/10011168894
in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education … findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking … we show smoking reflects family background and using it as an instrument exacerbates ability bias. …
Persistent link: https://www.econbiz.de/10005662039
distribution of VAR impulse response estimators is undermined by the estimator’s bias. A natural conjecture is that impulse … estimators tend to have both higher bias and higher variance, resulting in pointwise impulse response confidence intervals that …
Persistent link: https://www.econbiz.de/10005666791
choices are private information. It is optimal for the organization to `bias' the second contest in favor of the early winner …
Persistent link: https://www.econbiz.de/10005667058
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policy-maker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truth telling, we show that the...
Persistent link: https://www.econbiz.de/10005792547