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When is Sovereign Debt Odious? A Theory of Government Repression, Growth Traps, and Growth Boosts
Acharya, Viral V.; Rajan, Raghuram Govind; Shim, Jack - National Bureau of Economic Research - 2022
We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...
Persistent link: https://www.econbiz.de/10013334513
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"If you compete with us, we shan't marry you" The (Mary Paley and) Alfred Marshall Lecture
Pande, Rohini; Roy, Helena - National Bureau of Economic Research - 2021
Cambridge University, where Paley became one of the first women to take the Tripos exam and the first female lecturer in … enforces them, and suggest relevant policy work and areas for future research …
Persistent link: https://www.econbiz.de/10012696390
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How Rapidly Does Science Leak Out?
Adams, James D. - 2006
In science as well as technology, the diffusion of new ideas influences innovation and productive efficiency. With this as motivation we use citations to scientific papers to measure the diffusion of science through the U.S. economy. To indicate the speed of diffusion we rely primarily on the...
Persistent link: https://www.econbiz.de/10012466678
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Economic Policy Challenges for the Age of AI
Korinek, Anton - National Bureau of Economic Research - 2024
This paper examines the profound challenges that transformative advances in AI towards Artificial General Intelligence (AGI) will pose for economists and economic policymakers. I examine how the Age of AI will revolutionize the basic structure of our economies by diminishing the role of labor,...
Persistent link: https://www.econbiz.de/10015072921
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Voluntary Emission Restraints in Developing Economies : The Role of Trade Policy
Caliendo, Lorenzo; Dolabella, Marcelo; Moreira, … - National Bureau of Economic Research - 2024
We study the role of trade policy in one of the most pressing climate policy challenges that developing countries face: meeting voluntary emission restraints (VERs). To do so, we develop a general equilibrium trade model that extends Caliendo and Parro (2015) in three dimensions. First, we model...
Persistent link: https://www.econbiz.de/10014544737
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Language Models and Cognitive Automation for Economic Research
Korinek, Anton - National Bureau of Economic Research - 2023
Large language models (LLMs) such as ChatGPT have the potential to revolutionize research in economics and other … disciplines. I describe 25 use cases along six domains in which LLMs are starting to become useful as both research assistants and … tutors: ideation, writing, background research, data analysis, coding, and mathematical derivations. I provide general …
Persistent link: https://www.econbiz.de/10014226154
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How Credible is the Credibility Revolution?
Lang, Kevin - National Bureau of Economic Research - 2023
When economists analyze a well-conducted RCT or natural experiment and find a statistically significant effect, they conclude the null of no effect is unlikely to be true. But how frequently is this conclusion warranted? The answer depends on the proportion of tested nulls that are true and the...
Persistent link: https://www.econbiz.de/10014372423
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AGING IN STYLE : Seniority and Sentiment in Scholarly Writing
Kosnik, Lea-Rachel; Hamermesh, Daniel S. - National Bureau of Economic Research - 2023
The scholarly impact of academic research matters for academic promotions, influence, relevance to public policy, and … research. Nobel laureates' scholarly writing evinces less certainty about the conclusions of their research than that of other …
Persistent link: https://www.econbiz.de/10014250168
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Why Do Older Scholars Slow Down?
Hamermesh, Daniel S.; Kosnik, Lea-Rachel - National Bureau of Economic Research - 2023
Using data describing all "Top 5" economics journal publications from 1969-2018, we examine what determines which authors produce less as they age and which retire earlier. Sub-field has no impact on the rate of production, but interacts with it to alter retirement probabilities. A positive,...
Persistent link: https://www.econbiz.de/10014250192
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Ph.D. Publication Productivity : The Role of Gender and Race in Supervision in South Africa
Rossello, Giulia; Cowan, Robin A.; Mairesse, Jacques - National Bureau of Economic Research - 2023
We study whether student-advisor gender and race composition matters for publication productivity of Ph.D. students in South Africa. We consider all Ph.D. students in STEM graduating between 2000 and 2014, after the recent systematic introduction of doctoral programs in this country. We...
Persistent link: https://www.econbiz.de/10014322734