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Information, Risk Aversion, and Healthcare Economics  

Hendrik Schmitz and Svenja Winkler

Online publication date:
Jun 2018
The terms information and risk aversion play central roles in healthcare economics. While risk aversion is among the main reasons for the existence of health insurance, information ... More

Insider Trading: A Clash Between Law and Economics  

Stephen F. Diamond

Online publication date:
Jan 2020
Insider trading is not widely understood. Insiders of corporations can, in fact, buy and sell shares of those corporations. But, over time, Congress, the courts and the Securities and ... More

Institutions and Development: An Overview of Case Studies in China and India  

Pranab Bardhan

Online publication date:
Jan 2020
In contrast with the existing cross-country literature on institutions and development the overview in this article focuses instead on case studies of institutions at the disaggregated ... More

International Capital Flow Reversals (Sudden Stops)  

Eduardo A. Cavallo

Online publication date:
May 2019
Sudden stops in capital flows are a form of financial whiplash that creates instability and crises in the affected economies. Sudden stops in net capital flows trigger current account ... More

International Prices and Exchange Rate Pass-Through  

Ehsan U. Choudhri

Online publication date:
Apr 2020
Exchange rates often display sudden and large changes. There is considerable interest in examining how these changes affect prices, especially import and consumer prices. Exchange rate ... More

International Trade Since 1914  

James Foreman-Peck

Online publication date:
Feb 2020
Long-distance international trade for hundreds of years stemmed primarily from differences in climate. Generally free-trade policy and reduced transport cost superimposed another pattern by ... More

International Reserves, Exchange Rates, and Monetary Policy: From the Trilemma to the Quadrilemma  

Joshua Aizenman

The links of international reserves, exchange rates, and monetary policy can be understood through the lens of a modern incarnation of the “impossible trinity” (aka the “trilemma”), based ... More

Investments in Children’s Mental Health  

Daniel Eisenberg and Ramesh Raghavan

Online publication date:
Apr 2019
One of the most important unanswered questions for any society is how best to invest in children’s mental health. Childhood is a sensitive and opportune period in which to invest in ... More

The Law and Economics of Employment Discrimination Law  

Joni Hersch and Blair Druhan Bullock

Online publication date:
Feb 2019
The labor market is governed by a panoply of laws, regulating virtually all aspects of the employment relation, including hiring, firing, information exchange, privacy, workplace safety, ... More

The Law and Political Economy of International Trade Agreements  

Michael Trebilcock

Online publication date:
Apr 2019
While economists overwhelmingly favor free trade, even unilateral free trade, because of the gains realizable from specialization and the exploitation of comparative advantage, in fact ... More

Law, Economics, and Courts  

Nuno Garoupa

Online publication date:
Sep 2018
Law and economics is an important, growing field of specialization for both legal scholars and economists. It applies efficiency analysis to property, contracts, torts, procedure, and many ... More

Long-Distance Trade from the Voyages of Discovery to the First World War, 1500–1914  

C. Knick Harley

Online publication date:
Aug 2020
The highly integrated world economy at the outbreak of World War I emerged from discoveries and technological change in previous centuries. Territories unknown to the economy of Eurasia ... More

Long-Distance Trade in Medieval Europe  

Mika Kallioinen

Online publication date:
Jun 2020
Traditional historiography has overestimated the significance of long-distance trade in the medieval economy. However, it could be argued that, because of its dynamic nature, long-distance ... More

Long Memory Models  

Peter Robinson

Long memory models are statistical models that describe strong correlation or dependence across time series data. This kind of phenomenon is often referred to as “long memory” or ... More

Machine Learning Econometrics: Bayesian Algorithms and Methods  

Dimitris Korobilis and Davide Pettenuzzo

Bayesian inference in economics is primarily perceived as a methodology for cases where the data are short, that is, not informative enough in order to be able to obtain reliable ... More

Machine Learning in Policy Evaluation: New Tools for Causal Inference  

Noémi Kreif and Karla DiazOrdaz

While machine learning (ML) methods have received a lot of attention in recent years, these methods are primarily for prediction. Empirical researchers conducting policy evaluations are, on ... More

Macroeconomic Aspects of Housing  

Charles Ka Yui Leung and Cho Yiu Joe Ng

This article summarizes research on the macroeconomic aspects of the housing market. In terms of the macroeconomic stylized facts, this article demonstrates that with respect to business ... More

Macroeconomics of the Euro  

Paul Bergin

Online publication date:
Jun 2020
While it is a long-standing idea in international macroeconomic theory that flexible nominal exchange rates have the potential to facilitate adjustment in international relative prices, a ... More

Marriage and Labor Market Outcomes  

Terra McKinnish

Online publication date:
Jan 2020
Marriage and labor market outcomes are deeply related, particularly for women. A large literature finds that the labor supply decisions of married women respond to their husbands’ ... More

Measurement Error: A Primer for Macroeconomists  

Simon van Norden

Online publication date:
Jan 2020
Most applied researchers in macroeconomics who work with official macroeconomic statistics (such as those found in the National Accounts, the Balance of Payments, national government ... More

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