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Using Aggregated Relational Data to Feasibly Identify Network Structure Without Network Data

Breza, Emily - 2017

Social network data is often prohibitively expensive to collect, limiting empirical network research. Typical economic network mapping requires (1) enumerating a census, (2) eliciting the names of all network links for each individual, (3) matching the list of social connections to the census,...

Persistent link: https://www.econbiz.de/10012954457

Adoption Curves and Social Interactions

Brock, William A. - 2010

This paper considers the observational implications of social influences on adoption decisions for an environment of perfect foresight adopters. We argue that social influences can produce two observable effects: 1) discontinuities in unconditional adoption curves and 2) pattern reversals in...

Persistent link: https://www.econbiz.de/10013152509

Bank Trading Risk and Systemic Risk

Jorion, Philippe - 2010

This paper provides an empirical analysis of the risk of trading revenues of U.S. commercial banks. We collect quarterly data on trading revenues, broken down by business line, as well as the Value at Risk-based market risk charge. The overall picture from these preliminary results is that there...

Persistent link: https://www.econbiz.de/10012762521

Transparency and International Investor Behavior

Gelos, Gaston - 2002

Does country transparency affect international portfolio investment? We examine this and related questions using some new measures of transparency and a unique micro dataset on international portfolio holdings. We distinguish between government and corporate transparency. There is clear evidence...

Persistent link: https://www.econbiz.de/10012787084

When Everyone Runs for the Exit

Pedersen, Lasse Heje - 2010

The dangers of shouting "fire" in a crowded theater are well understood, but the dangers of rushing to the exit in the financial markets are more complex. Yet, the two events share several features, and I analyze why people crowd into theaters and trades, why they run, what determines the risk,...

Persistent link: https://www.econbiz.de/10013151054

The Great Recession : A Self-Fulfilling Global Panic

Bacchetta, Philippe - 2013

While the 2008-2009 financial crisis originated in the United States, we witnessed steep declines in output, consumption and investment of similar magnitudes around the globe. This raises two questions. First, given the observed strong home bias in goods and financial markets, what can account...

Persistent link: https://www.econbiz.de/10013081512

Is There Too Much Benchmarking in Asset Management?

Kashyap, Anil K.; Kovrijnykh, Natalia; Li, Jian; … - 2022

We propose a model of asset management in which benchmarking arises endogenously, and analyze its unintended welfare consequences. Fund managers’ portfolios are unobservable and they incur private costs in running them. Conditioning managers’ compensation on a benchmark portfolio’s...

Persistent link: https://www.econbiz.de/10013291778

Consistent Trade Policy Aggregation

Anderson, James E. - 2008

Most empirical policy work requires the aggregation of policies. Trade policy aggregation exemplifies the aggregation … problem poignantly, with thousands of highly dispersed trade barriers. This paper provides methods of policy aggregation that …-country policy modeling. An application to India shows that the standard atheoretic method of aggregation overstates India's real …

Persistent link: https://www.econbiz.de/10012771785

Aggregation and the Gravity Equation

Redding, Stephen - 2019

characteristics. A key decision for researchers in estimating this relationship is the level of aggregation, since the gravity … equation is log linear, whereas aggregation involves summing the level rather than the log level of trade flows. In this paper …

Persistent link: https://www.econbiz.de/10012894434

Machine Learning for Regularized Survey Forecast Combination : Partially-Egalitarian Lasso and its Derivatives

Diebold, Francis X. - 2018

Despite the clear success of forecast combination in many economic environments, several important issues remain incompletely resolved. The issues relate to selection of the set of forecasts to combine, and whether some form of additional regularization (e.g., shrinkage) is desirable. Against...

Persistent link: https://www.econbiz.de/10012911728