importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in …

importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in …

investor demand for these securitizations. Using micro-data on insurers' and mutual funds' bond holdings, we find considerable … heterogeneity in investor demand for securitizations in the pre-crisis period. We argue that both investor beliefs and incentives … help to explain this variation in demand. By contrast, our data paints a more uniform picture of investor behavior in the …

consumer demand for alcohol responds to changes in the local economic conditions is of great importance. We use high …-frequency purchase data from a large panel of U.S. households between 2004 and 2011 to examine how alcohol demand changes over the … business cycle in a dynamic panel-data estimation framework. We find strong evidence that demand for packaged alcohol is …