Browsing Congressos / RP by Issue Date
Now showing items 121-132 of 132
-
Commodity price shocks and misattribution of responsibility for the economy: observational and experimental evidence
2018-07-11This paper examines correction of misattribution bias in the context of retrospective voting. We first report observational evidence from Brazil and Ecuador that is compatible with the existence of misattribution bias (i.e. ... -
Matching estimators with few treated and many control observations
2018-09We analyze the properties of matching estimators when there are few treated, but many control observations. We show that, under standard assumptions, the nearest neighbor matching estimator for the average treatment effect ... -
Risk externalities
2018-09-26Current analysis of macro-prudential policy has largely focused on excessive leverage and fire sales, while abstracting from firm-level risk and portfolio decisions. We show that these matter for the design of optimal ... -
The choice channel of financial innovation
2018-11-15Financial innovation in recent decades has expanded portfolio choice. We investigate how greater choice a¤ects investors.savings and asset returns. We establish a choice channel by which greater portfolio choice increases ... -
Measuring the welfare of intermediaries in vertical markets
2018-12-10We empirically investigate the welfare of intermediaries in oligopolistic markets, where intermediaries offer additional services. We exploit the unique circumstance that, in our empirical setting, consumers can purchase ... -
Legal teaching and the reconceptualizing of the state: discussing global law programs
2019Globalization has made traditional readings of the State deeply problematical. The vanishing of old frontiers and the building of new walls, which characterize the so-called new global order, have become the object of ... -
Institutional specialization
2019-01This paper presents a theory of institutional specialization in which some countries uphold the rule of law while others choose extractive institutions, even though they are ex-ante identical.This is borne out of two key ... -
Price discovery and market microstructure noise
2019-01-21Using a continuous-time price discovery model, we show that the standard econometric framework typically yields inconsistent estimates of the price discovery measures in the presence of market microstructure noise due the ... -
The role of resource misallocation in structural change
2019-02-27We develop a multi-sector model of economic growth to explain the distinct patterns of structural change in manufacturing sectors in industrialized countries and those in developing and emerging industrial countries. To ... -
On the road to social mobility? affirmative action and major choice
2019-06-14Around the world, students from a disadvantaged background are underrepresented in prestigious and lucrative fields of study, such as medicine and STEM. We know little about whether universities can affect individuals' ... -
Preferential trade agreements and global sourcing
2019-07-01We study how a preferential trade agreement (PTA) affects international sourcing decisions, aggregate productivity and welfare under incomplete contracting and endogenous matching. Contract incompleteness implies ... -
O impacto econômico de Open Insurance
2021-11-29No dia 29 de novembro de 2021, o Instituto de Inovação em Seguros e Resseguros da Fundação Getulio Vargas (FGV IISR) realizou um seminário on-line sobre os potenciais impactos econômicos da implementação do Open Insurance ...
