Discrimination law prohibits direct discrimination, indirect discrimination and harassment, on protected grounds, such as race, sex, etc. Workers who use the legislation, or assist others to do so, need protection against retaliation by their employer. Accordingly, the legislation seeks to...

We estimate shadow rates (Black (1995); Wu and Xia (2016)) using forward rates on US Treasuries and forecasts of short term interest rates from the Blue Chip Financial Survey. We estimate a suite of alternative models with different numbers of factors, with and without forecast data, and...

I use the introduction of supervisory stress testing of large U.S. banks as a quasi-experiment to examine the compositional effect of macroprudential policy on the real economy. Following the 2009 round of U.S. bank stress tests (SCAP), tested banks altered their lending behavior in the...