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The Bitcoin Boom: Asset, Currency, Commodity or Collectible?
As I have noted with my earlier posts on crypto currencies, in general, and bitcoin, in particular, I find myself disagreeing with both its most virulent critics and its strongest proponents. Â Unlike...
View ArticleAmazon: No Need to Disclose (yet)
Shira Ovide has a terrific article for Bloomberg BusinessWeek titled, "Amazon Takes Secrecy to a Comic Extreme." Â She writes,Companies, of course, would prefer to reveal as little as possible. And...
View ArticleA Topological Approach to Scaling in Financial Data. (arXiv:1710.08860v1...
There is a large body of work, built on tools developed in mathematics and physics, demonstrating that financial market prices exhibit self-similarity at different scales. In this paper, we explore the...
View Article$\epsilon$-Monotone Fourier Methods for Optimal Stochastic Control in...
Stochastic control problems in finance having complex controls inevitably give rise to low order accuracy, usually at most second order. Fourier methods are efficient at advancing the solution between...
View ArticleLead with Wisdom: How Wisdom Transforms Good Leaders into Great Leaders
This book argues that great leadership requires wisdom. Rather than a formulaic managerial approach to leadership, Lead with Wisdom presents the case for leadership based on our shared humanity and the...
View ArticleIdentification and management of step-in risk
The Basel Committee is publishing guidelines on identification and management of step-in risk, October 2017.
View ArticleFinal guidelines on identification and management of step-in risk issued by...
Press release about the Basel Committee issuing final guidelines on identification and management of step-in risk (25 October 2017). The Basel Committee on Banking Supervision released today the final...
View ArticleTelltale Signs That You Might be Fired
In many cases, workers are shocked when they are dismissed from their jobs. They don't see it coming. In today's Wall Street Journal, Sue Shellenbarger writes about the signs that might suggest your...
View ArticleThe Impact of Seasonal Affective Disorder on Financial Analysts by Kin Lo,...
The Impact of Seasonal Affective Disorder on Financial Analysts https://t.co/lgXGk7Dvvz https://t.co/6BacxLVWTV — moneyscience (@moneyscience) October 25,…
View ArticleThe 100 Most Influential Women in Finance
The 100 Most Influential Women in Finance https://t.co/XIOfFjxENs via @FinancialNews — John Lothian (@JohnLothian) October 30, 2017
View ArticleExploding Asthma and ADHD Caseloads: The Role of Medicaid Managed Care -- by...
In the U.S., nearly 11% of school-age children have been diagnosed with ADHD, and approximately 10% of children suffer from asthma. In the last decade, the number of children diagnosed with these...
View ArticleParental Monitoring and Children's Internet Use: The Role of Information,...
This paper explores how asymmetric information between parents and children and direct parental controls can influence children's internet use in Chile. We designed and implemented a set of randomized...
View ArticleMutual Funds as Venture Capitalists? Evidence from Unicorns -- by Sergey...
Using novel contract-level data, we study the recent trend in open-end mutual funds investing in unicorns--highly valued, privately held start-ups--and the consequences of these investments for...
View ArticleTaxing Humans: Pitfalls of the Mechanism Design Approach and Potential...
A growing body of evidence suggests that psychological biases can lead different implementations of otherwise equivalent tax incentives to result in meaningfully different behaviors. We argue that in...
View ArticleRelative Prices and Sectoral Productivity -- by Margarida Duarte, Diego...
The relative price of services rises with development. A standard interpretation of this fact is that productivity differences across countries are larger in manufacturing than in services. The service...
View ArticleCan Audits Backfire? Evidence from Public Procurement in Chile -- by Maria...
Audits are generally intended to monitor compliance with existing rules. However, audits can also create unintended impacts and incentives through the specific protocol by which they are executed. In...
View ArticleThe Neo-Fisher Effect in the United States and Japan -- by Martin Uribe
I investigate the effects of an increase in the nominal interest rate on inflation and output in the United States and Japan during the postwar period. I postulate a structural autoregressive model...
View ArticlePayroll Taxes, Firm Behavior, and Rent Sharing: Evidence from a Young...
This paper uses administrative data to analyze a large and long-lasting employer payroll tax rate cut from 31% down to 15% for young workers (aged 26 or less) in Sweden. We find a zero effect on...
View ArticleThe Center and the Periphery: Two Hundred Years of International Borrowing...
A common belief in both academic and policy circles is that capital flows to the emerging periphery are excessive and ending in crises. One of the most frequently mentioned culprits is the cycles of...
View ArticleInforming SPR Policy Through Oil Futures and Inventory Dynamics -- by Richard...
This paper examines how information on the time pattern of expected future prices for crude oil, based on the term structure of futures contracts, can be used in informing whether to draw down, or...
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