EEX: Intraday Markets Grow In April - Highest Price Convergence In Central...
In April 2016, a total volume of 42.6 TWh was traded on EPEX SPOT Day-Ahead and Intraday power markets (April 2015: 47.1 TWh).read more...
View ArticleKBZSC And AYA Trust, Myanmar Deploy TCS BaNCS In 90 Days - To Leverage Global...
Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has today announced that the two largest banks in Myanmar, KBZSC...
View ArticleFederal Coal Program Reform, the Clean Power Plan, and the Interaction of...
Coal mined on federally managed lands accounts for approximately 40% of U.S. coal consumption and 13% of total U.S. energy-related CO2 emissions. The U.S. Department of the Interior is undertaking a...
View ArticlePremium Subsidies, the Mandate, and Medicaid Expansion: Coverage Effects of...
Using a combination of subsidized premiums for Marketplace coverage, an individual mandate, and expanded Medicaid eligibility, the Affordable Care Act (ACA) has significantly increased insurance...
View ArticleFinancial Frictions in Production Networks -- by Saki Bigio, Jennifer La'O
We study how an economy's production structure determines the response of aggregate output and employment to sectoral financial shocks. In our framework, economic production is organized in an...
View ArticleGrowth of income and welfare in the U.S, 1979-2011 -- by John Komlos
We estimate growth rates of real incomes in the U.S. by quintiles using the Congressional Budget Office's (CBO) post-tax, post-transfer data as basis for the period 1979-2011. We improve upon them by...
View ArticleThe History and Economics of Safe Assets -- by Gary B. Gorton
Safe assets play a critical role in an(y) economy. A "safe asset" is an asset that is (almost always) valued at face value without expensive and prolonged analysis. That is, by design there is no...
View ArticleWho Sold During the Crash of 2008-9? Evidence from Tax-Return Data on Daily...
We examine individual stock sales from 2008 to 2009 using population tax return data. The share of sales by the top 0.1 percent of income recipients and other top income groups rose sharply following...
View ArticleVolatility Managed Portfolios -- by Alan Moreira, Tyler Muir
Managed portfolios that take less risk when volatility is high produce large, positive alphas and increase factor Sharpe ratios by substantial amounts. We document this fact for the market, value,...
View ArticleThe Long-term Consequences of Teacher Discretion in Grading of High-stakes...
This paper analyzes the long-term consequences of teacher discretion in grading of high-stakes tests. Evidence is currently lacking, both on which students receive test score manipulation and on...
View ArticleDisability policies: Reform strategies in a comparative perspective -- by...
We analyze different disability policy strategies using policy scores developed by the OECD for the period 1990 to 2007. Applying model-based and hierarchical agglomerative clustering, we investigate...
View ArticleThe 'Pupil' Factory: Specialization and the Production of Human Capital in...
Starting in the 2013-2014 school year, I conducted a randomized field experiment in fifty traditional public elementary schools in Houston, Texas designed to test the potential productivity benefits of...
View ArticleWho Wants Affordable Housing in their Backyard? An Equilibrium Analysis of...
We nonparametrically estimate spillovers of properties financed by the Low Income Housing Tax Credit (LIHTC) onto neighborhood residents by developing a new difference-in-differences style estimator....
View ArticleImage Versus Information: Changing Societal Norms and Optimal Privacy -- by...
We analyze the costs and benefits of using social image to foster virtuous behavior. A Principal seeks to motivate reputation-conscious agents to supply a public good. Each agent chooses how much to...
View ArticleWho Gets Hired? The Importance of Finding an Open Slot -- by Edward P....
A model of hiring into posted job slots suggests hiring is based on comparative advantage: being hired depends not only on one's own skill but also on the skills of other applicants. The model has...
View ArticleThe Economics of Bank Supervision -- by Thomas M. Eisenbach, David O. Lucca,...
We study bank supervision by combining a theoretical model distinguishing supervision from regulation and a novel dataset on work hours of Federal Reserve supervisors. We highlight the trade-offs...
View ArticleThe Effect of Weight on Labor Market Outcomes: an Application of Genetic...
The increase in the prevalence of obesity worldwide has led to great interest in the economic consequences of obesity, but valid and powerful instruments for obesity, which are needed to estimate its...
View ArticleMortality Inequality: The Good News from a County-Level Approach -- by Janet...
Analysts who have concluded that inequality in life expectancy is increasing have generally focused on life expectancy at age 40 to 50. However, we show that among infants, children, and young adults,...
View ArticleDGCX Crosses 6 Million Contracts
Year-to-date (YTD) trading volumes on the Dubai Gold & Commodities Exchange (DGCX) crossed 6 million contracts in April 2016, growing 45% over the same period last year whilst maintaining a steady...
View ArticleNasdaq Nordic And Baltic Markets Trading Statistics April 2016
Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic1 and Baltic2 markets. Below follows a summary of the statistics for April 2016:read more...
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