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Atwood (2022b) reports a positive effect of the 1963 measles vaccine on long-run economic outcomes. The identifying variation is from pre-vaccine average reported measles incidence, but this plausibly represents reporting capacity or initial health levels, rather than actual disease incidence. I...
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Carvalho et al. (2023) propose a theoretical framework that explains longrun inflation expectations' dynamic using short-run inflation surprises and beliefs about monetary policy. In an empirical exercise, they show that this concise framework predicts long-term inflation expectations well over...
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Zhang (2023) used an online, pre-registered, large-scale controlled experiment to test the effect of an endorsement of Joe Biden by the scientific journal Nature on several perceptual and behavioural outcomes. The main results of the paper were the following: the endorsement of Biden caused a...
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Das Bail-in-Instrument soll Europa und die USA vor der Ausweitung der nächsten Bankenkrise in eine Finanzmarkt- oder Staatsschuldenkrise bewahren. Doch mit der amerikanischen Single-Point-of-Entry-Strategie und der europäischen Open-Bank-Bail-in-Strategie stehen sich zwei Bail-in-Strategien...
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