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Politically Influenced Counterterrorism Policy and Welfare Efficiency

Bandyopadhyay, Subhayu; Sandler, Todd M. - 2022

underprovision, raise overall counterterrorism, and reduce terrorism. Welfare decreases in the politically influenced country but … increases in the other targeted country owing to enhanced free riding. Lobbying influence on the targeted countries’ welfare is … tied to terrorists’ targeting preferences and how the lobbied government weighs citizens’ welfare. For key parametric …

Persistent link: https://www.econbiz.de/10013295262

Local Polynomial Regressions Versus Ols for Generating Location Value Estimates : Which is More Efficient in Out-of-Sample Forecasts?

Cohen, Jeffrey - 2019

As an alternative to ordinary least squares (OLS), we estimate location values for single family houses using a standard housing price and characteristics dataset by local polynomial regressions (LPR), a semi-parametric procedure. We also compare the LPR and OLS models in the Denver metropolitan...

Persistent link: https://www.econbiz.de/10012904071

Terms-of-trade and counterterrorism externalities

Bandyopadhyay, Subhayu; Sandler, Todd; Younas, Javed - 2017

This paper investigates the interplay of trade and terrorism externalities under free trade between a developed nation that exports a manufactured good to and imports a primary product from a developing nation. A terrorist organization targets both nations and reduces its attacks in response to...

Persistent link: https://www.econbiz.de/10011691593

Counterterrorism Policy : Spillovers, Regime Stability, and Corner Solutions

Bandyopadhyay, Subhayu; Sandler, Todd - 2020

This paper takes a unique approach to the scenario where a resident terrorist group in a (fragile) developing nation poses a terrorism threat at home and abroad. The host developing nation’s proactive countermeasures against the resident terrorist group not only limits terrorism at home and...

Persistent link: https://www.econbiz.de/10014095743

Persistence of Shocks and the Reallocation of Labor

Angelidis, Timotheos - 2019

This paper proposes a theoretical and quantitative analysis of the reallocation of labor across firms in response to idiosyncratic shocks of different persistence. Creating and destroying jobs is costly and workers are paid a share of the value of the marginal worker. The model predicts that...

Persistent link: https://www.econbiz.de/10012903110

Natural Resources and Global Misallocation

Monge-Naranjo, Alexander - 2019

Are production factors allocated efficiently across countries? To differentiate misallocation from factor intensity differences, we provide a new methodology to estimate output shares of natural resources based solely on current rent flows data. With this methodology, we construct a new dataset...

Persistent link: https://www.econbiz.de/10012903849

Inflation and Money : A Puzzle

Wang, Pengfei - 2006

We document that persistent and lagged inflation (with respect to output) is a worldwide phenomenon in that these short-run inflation dynamics are highly synchronized across countries. We investigate whether standard monetary models are consistent with the empirical facts. We find that neither...

Persistent link: https://www.econbiz.de/10012734800

Mortgages and Monetary Policy

Garriga, Carlos - 2019

Mortgages are long-term loans with nominal payments. Consequently, under incomplete asset markets, monetary policy can affect housing investment and the economy through the cost of new mortgage borrowing and real payments on outstanding debt. These channels, distinct from traditional real rate...

Persistent link: https://www.econbiz.de/10012903321

Individual and Aggregate Constrained Efficient Intertemporal Wedges in Dynamic Mirrleesian Economies

Chen, Yunmin - 2019

Assuming a neoclassical production technology, this paper characterizes constrained efficient intertemporal wedges for the macro aggregate as well as the micro individual allocation of dynamic Mirrleesian economies. We first construct “Pareto-Negishi weights” from the multipliers on a...

Persistent link: https://www.econbiz.de/10012903385

Estimating Border Effects : The Impact of Spatial Aggregation

Coughlin, Cletus C. - 2019

Trade data are typically reported at the level of regions or countries and are therefore aggregates across space. In this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which symmetric micro regions are aggregated into macro...

Persistent link: https://www.econbiz.de/10012903440

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