Abstract We provide a unifying foundation for monetary policy and macroprudential policies in financial markets for economies with nominal rigidities in goods and labor markets and constraints on monetary policy such as the zero lower bound or fixed exchange rates. Macroprudential interventions...

Taking algebra by eighth grade is considered an important milestone on the pathway to college readiness. We highlight a collaboration to investigate one district?s effort to increase middle school algebra course-taking. In 2010, the Wake County Public Schools began assigning middle school...

Abstract: Reeling under an average AT & C losses of around 33%, it is quite impossible for power distribution sector to keep up the desired economic pace without major reforms in the Power sector, especially in Distribution. System Integrator has been working closely in Power distribution sector...

Since the Fall of 2008, out-of-the money puts on high interest rate currencies have become significantly more expensive than out-of-the-money calls, suggesting a large crash risk of those currencies. To evaluate crash risk precisely, we propose a parsimonious structural model that includes both...

We study a model of mechanism design in which the designer cannot force the players to use the mechanism. Instead they must voluntarily sign away their decision rights, and if they instead keep their decision rights they act on their own accord. We ask what social choice functions can be...

We present a theory of consumer choice that combines elements of limited recall and of allocationof attention distorted by salience. The theory helps clarify and organize a variety of evidence dealingwith consumer reaction to information, including surprises in quality and prices, unshrouding...

Abstract Knowing the carbon emission baseline of a region is a precondition for any mitigation effort, but the baselines are highly dependent on the system boundaries for which they are calculated. On the basis of sectoral energy statistics and a nested provincial and global multi-regional...