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How Do U.S. Firms Withstand Foreign Industrial Policies?

Cen, Xiao; Fos, Vyacheslav; Jiang, Wei - National Bureau of Economic Research - 2024

China's industrial policies ("Five-Year Plans") displace U.S. production/employment and heighten plant closures in the … same industries as those targeted by the policies in China. The impact was not anticipated by the stock market, but U … industries benefiting from the boost, or offshore to government-endorsed industries in China. Such within-firm adjustments offset …

Persistent link: https://www.econbiz.de/10014544690

Short selling regulation after the financial crisis : first principles revisited

Grünewald, Seraina Neva; Wagner, Alexander F.; Weber, … - 2009

This article examines the recent regulatory developments with regard to short selling. Short selling regulation is an important factor in firm governance because it affects the way in which firms are subject to market discipline. We begin with a comprehensive compilation of emergency...

Persistent link: https://www.econbiz.de/10003970469

Building Non-Discriminatory Algorithms in Selected Data

Arnold, David; Dobbie, Will; Hull, Peter - National Bureau of Economic Research - 2024

We develop new quasi-experimental tools to understand algorithmic discrimination and build non-discriminatory algorithms when the outcome of interest is only selectively observed. These tools are applied in the context of pretrial bail decisions, where conventional algorithmic predictions are...

Persistent link: https://www.econbiz.de/10014544682

Access to Credit Reduces the Value of Insurance

Jaffe, Sonia; Malani, Anup; Reif, Julian - National Bureau of Economic Research - 2024

We analyze the value of insurance when individuals have access to credit markets. Loans allow consumers to smooth financial shocks over time, decreasing the value of consumption smoothing from insurance. We derive formulas for the value of insurance that can be taken to data, and show how that...

Persistent link: https://www.econbiz.de/10014544674

Understanding Demand for Police Alternatives

Ba, Bocar A.; Baskar, Meghna; Mariman, Rei - National Bureau of Economic Research - 2024

While police brutality has sparked demands to scale back policing, public constituencies still have limited knowledge about policing alternatives. In survey experiments, we provide information about dontcallthepolice.com--a database of police alternatives--and police violence statistics and...

Persistent link: https://www.econbiz.de/10014544697

Exorbitant Privilege : A Safe-Asset View

Jiang, Zhengyang - National Bureau of Economic Research - 2024

I propose a dynamic model of the reserve currency paradigm that centers on the liquidity demand for safe assets. In global recessions, the demand for the U.S. safe bond increases and raises its convenience yield, giving rise to a stronger dollar and a countercyclical seigniorage revenue. The...

Persistent link: https://www.econbiz.de/10014544732

Unpacking the agricultural black box : the rise and fall of American farm productivity growth

Pardey, Philip G.; Alston, Julian Mark - 2024

Persistent link: https://www.econbiz.de/10014540670

Drivers of COVID-19 in U.S. counties : a wave-level analysis

Baum, Christopher F.; García, Andrés; Henry, Miguel; … - 2024

Persistent link: https://www.econbiz.de/10014540819