We provide a simple example demonstrating that the unconditional revelation information in a war of attrition with private budget…
It has been proposed that central banks should target Nominal GDP (NGDP), as an alternative to targeting the money supply, exchange rate,…
Nonprofit charities and foundations hold endowments and many other kinds of investments. How do these investments perform? Some high-…
We continue our examination of the investment performance of nonprofit charities and foundations. This analysis tests hypotheses about what…
As an intrinsic part of the classic microfinance model, group meetings are intended to employ social capital to ensure timely repayment.…
Informal Employment and Development: Patterns of Inclusion and Exclusion, Martha Chen, September 2014, Paper, At present, there is…
Political Budget Cycles: Evidence from Italian Cities. Alberto Alesina, September 2014, Paper. "The introduction of a new real estate tax…
Culture and Institutions. Alberto Alesina, September 1, 2014, Paper. "A growing body of empirical work measuring different types of…
An Economy Doing Half Its Job: Harvard Business School's 2013-2014 Survey on U.S. Competitiveness. Michael E. Porter, Jan W. Rivkin,…
The Impact of Regulation on Mortgage Risk: Evidence from India. John Y. Campbell, September 2014, Paper. "We employ loan-level data on over…