Since the onset of HIV/AIDS awareness in the early 1980s, much attention has centered around the substantial negative effects of the disease throughout the world. This paper provides evidence of a secondary effect the disease has had on sexual behavior in the United States. Using a...

We study changes in the plucking behavior of employment growth, as well as changes in its relationship with the output cycle in the G7 countries. Using both revised and real-time data, we consider several popular measures of the output cycle. For most countries, we see significant evidence in...

The effects of FDI on export behavior of both recipients and non-recipient competing firms in the same sector often guides economic development policy. We estimate a Logit model of the probability of export and Pooled Tobit and Fixed and Random Effects Tobit models of the volume of exports using...

In this paper we argue that major shifts in monetary policy regimes can explain a large part of the forward discount puzzle. First, we build a simple theoretical model suggesting that shifts by central banks from destabilizing regimes - when the Taylor principle is violated - to stabilizing...

We address the concerns surrounding fast-disappearing liquidity and its effects on both the market and the order placement behavior of slow traders. We find that in response to an increase in short-lived cancellations, slow traders submit fewer and less aggressive orders, thus being at a...