Now showing items 51-60 of 127
News or Noise? The Missing Link
(Economic Research Initiatives at Duke (ERID), 2016-09-07)
The macroeconomic literature on belief-driven business cycles treats news and noise as distinct representations of people’s beliefs about economic fundamentals. We prove that these two representations are actually observationally ...
Exchange Rate Determination, Risk Sharing and the Asset Market View
(Economic Research Initiatives at Duke (ERID), 2012-12-15)
Recent research in international finance has equated changes in real exchange rates with differences between the marginal utility growths of representative agents in different economies. The asset market view of exchange ...
A Fair and Impartial Jury? The Role of Age in Jury Selection and Trial Outcomes
(Economic Research Initiatives at Duke (ERID), 2012-02-01)
This paper uses data from over 700 felony trials in Sarasota and Lake Counties in Florida from 2000-2010 to examine the role of age in jury selection and trial outcomes. The results of the analysis imply that prosecutors ...
Commitment-Flexibility Trade-Off and Withdrawal Penalties
(Economic Research Initiatives at Duke (ERID), 2012-03-01)
Withdrawal penalties are common features of time deposit contracts offered by commercial banks, as well as individual retirement accounts and employer-sponsored plans. Moreover, there is a significant amount of early withdrawals ...
Internal and External Validity of Experimental Risk and Time Preferences
(Economic Research Initiatives at Duke (ERID), 2016-10-31)
Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable heterogeneity in both dimensions and relatively stable distributions across our various specifications, ...
Experiments, Passive Observation and Scenario Analysis: Trygve Haavelmo and the Cointegrated Vector Autoregression
(Univ. of Copenhagen Dept. of Economics Discussion Paper, 2012-11-05)
The paper provides a careful, analytical account of Trygve Haavelmo's unsystematic, but important, use of the analogy between controlled experiments common in the natural sciences and econometric techniques. The experimental ...
Call Me Maybe: Experimental Evidence on Using Mobile Phones to Survey Microenterprises
(Economic Research Initiatives at Duke (ERID), 2016-07-27)
High-frequency data is useful to measure volatility, reduce recall bias, and measure dynamic treatment effects. We conduct the first experimental evaluation of high-frequency phone surveys in a developing country or with ...
Constrained Discretion and Central Bank Transparency
(Economic Research Initiatives at Duke (ERID), 2015-02-01)
We develop and estimate a general equilibrium model to quantitatively assess the effects and welfare implications of central bank transparency. Monetary policy can deviate from active inflation stabilization and agents conduct ...
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The Decline of Diversity in Our Schools