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We use an experiment to estimate the effect of the SEC's Summary Prospectus, which simplifies mutual fund disclosure. Our subjects chose an…
We use an experiment to estimate the effect of the SEC’s Summary
Prospectus, which simplifies mutual fund disclosure. Our subjects chose an…
In this recession, we seek the boogeyman. If we can identify a villain, the recourse is simple: Slay it (or neutralize it or bail it out).…
The clarion call for a global system of financial regulation can be heard everywhere. From Angela Merkel to Gordon Brown, from Jean-Claude…
The key elements of a new architecture for the U.S. national accounts have been developed in a prototype system constructed by Dale W.…
Talk of "nationalizing the banks" is in the air again this week, as President Obama hits the road to sell his recovery plan and Tim…
Matching estimators are widely used in statistical data analysis. However, the distribution of matching estimators has been derived only…
The economic changes associated with globalization tighten financial pressures on governments of high-income countries by increasing the…