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Now showing items 31-40 of 1133
Religious Conversion in Colonial Africa
(American Economic Association, 2010)
Rules versus Discretion at the Federal Reserve: On to the Second Century
(Elsevier, 2012)
Much of the experience of the U.S. Federal Reserve System, during the institution’s first hundred years, has revolved around controversies that fit squarely within the classical debate over rules versus discretion in ...
Monetary Policy, Fiscal Policy, and the Efficiency of Our Financial System: Lessons from the Financial Crisis
(Association of the International Journal of Central Banking, 2012)
X-CAPM: An Extrapolative Capital Asset Pricing Model
(National Bureau of Economic Research, 2013)
Survey evidence suggests that many investors form beliefs about future stock market returns by extrapolating past returns. Such beliefs are hard to reconcile with existing models of the aggregate stock market. We study a ...
Growth in Regions
(National Bureau of Economic Research, 2013)
We use a newly assembled sample of 1,503 regions from 82 countries to compare the speed of per capita income convergence within and across countries. Regional growth is shaped by similar factors as national growth, such ...
Expectations of Returns and Expected Returns
(Oxford University Press (OUP), 2014)
We analyze time series of investor expectations of future stock market returns from six data sources between 1963 and 2011. The six measures of expectations are highly positively correlated with each other, as well as with ...
Competition for Attention
(National Bureau of Economic Research, 2013)
We present a model of market competition and product differentiation in which consumers' attention is drawn to the products' most salient attributes. Firms compete for consumer attention via their choices of quality and ...
Salience and Asset Prices
(American Economic Association, 2013)
The Long-Term Effects of Moving to Opportunity on Youth Outcomes
(US Department of Housing and Urban Development, 2012)
Evidence about the effects of neighborhood environments on children and youth is central to the design of a wide range of public policies. Armed with long-term survey data from the Moving to Opportunity (MTO) for Fair ...
The Long-Term Effects of Moving to Opportunity on Adult Health and Economic Self-Sufficiency
(US Department of Housing and Urban Development, 2012)
Adults living in high-poverty neighborhoods often fare worse than adults in more advantaged neighborhoods on their physical health, mental health, and economic well-being. Although social scientists have observed this ...