Narrow search
Showing 1 - 10 of 4,155
Cover Image
On Wars, Sanctions and Sovereign Default
Bianchi, Javier; Sosa Padilla, César - National Bureau of Economic Research - 2022
This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...
Persistent link: https://www.econbiz.de/10013191083
Cover Image
Intertemporal Choice Bracketing and the Measurement of Time Preferences
Alem, Yonas; Loeser, John; Mahajan, Aprajit - National Bureau of Economic Research - 2024
financial choices, providing a rationale for the common practice of interpreting MEL choices as a proxy for time preferences …
Persistent link: https://www.econbiz.de/10014635646
Cover Image
Political Careers or Career Politicians?
Mattozzi, Andrea - 2007
Two main career paths are prevalent among politicians in modern democracies: there are career politicians (i.e., politicians who work in the political sector until retirement), and political careers (i.e., there are politicians who leave politics before retirement and work in the private...
Persistent link: https://www.econbiz.de/10012465735
Cover Image
Fiscal Policy in Europe : A Helicopter View
Bilbiie, Florin O. - 2020
persistent, unidirectional transfers between countries, an issue that largely reflects a Northern vs. Southern Europe divide …
Persistent link: https://www.econbiz.de/10012482336
Cover Image
What Explains Temporal and Geographic Variation in the Early US Coronavirus Pandemic?
Allcott, Hunt - 2020
We provide new evidence on the drivers of the early US coronavirus pandemic. We combine an epidemiological model of disease transmission with quasi-random variation arising from the timing of stay-at-home-orders to estimate the causal roles of policy interventions and voluntary social...
Persistent link: https://www.econbiz.de/10012482185
Cover Image
Decomposing the U.S. External Returns Differential
Curcuru, Stephanie E. - 2009
We decompose the returns differential between U.S. portfolio claims and liabilities into the composition, return, and timing effects. Our most striking and robust finding is that foreigners exhibit poor timing when reallocating between bonds and equities within their U.S. portfolios. The poor...
Persistent link: https://www.econbiz.de/10012463572
Cover Image
The Myth of the Patient Japanese : Corporate Myopia and Financial Distress in Japan and the US
Hall, Brian J. - 1996
It is widely believed that the stock-market oriented US financial system forces corporate managers to behave myopically relative to their Japanese counterparts, who operate in a bank-based system. We hypothesize that if US firms are more myopic than Japanese firms, then episodes of financial...
Persistent link: https://www.econbiz.de/10012473010
Cover Image
When we change the clock, does the clock change us?
Baylis, Patrick; Borenstein, Severin; Rubin, Edward - National Bureau of Economic Research - 2023
The practice of standardizing the designation of time is a central device for coordinating activities and economic … with others and engaging in those activities at their own preferred time. When time is standardized across large geographic … environmental conditions created by natural or "solar" time. This tension is at the heart of current state and national debates …
Persistent link: https://www.econbiz.de/10014247919
Cover Image
A Theory of Power Structure and Institutional Compatibility : China vs. Europe Revisited
Jia, Ruixue; Roland, Gérard; Xie, Yang - National Bureau of Economic Research - 2021
opportunities to access elite status than Premodern Europe, for example via the civil service exam and the absence of hereditary … differences in the power structure of society: (1) the Ruler enjoyed weaker absolute power in Europe; (2) the People were more on … differences between Imperial China and Premodern Europe, as well as specific institutions such as the bureaucracy in China and the …
Persistent link: https://www.econbiz.de/10012482621
Cover Image
The Secular Decline in Private Firm Leverage
Dobridge, Christine L.; Gilje, Erik P.; Whitten, Andrew - National Bureau of Economic Research - 2022
Using firm-level administrative tax data on the 43% of business liabilities in the United States tied to privately held firms, we document dramatic reductions in leverage since the Great Recession. Leverage for the average private firm fell fifteen percent between 2004 and 2018. In contrast,...
Persistent link: https://www.econbiz.de/10013210062