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Access to adequate housing is fundamental to wellbeing and sustainable development, yet systematic measurement of multidimensional housing quality and its spatial distribution is limited
Luiss University, in collaboration with CEPR, is pleased to announce the fifth edition of the Luiss Finance Workshop, to be held in Rome on
Remittances and social protection programmes have become two of the most important sources of financial support for households across low- and middle-income countries. While
In addition to contributed papers, the program will feature presentations by invited speakers Olivier Coibion (UT Austin and CEPR), Francesco D’Acunto (Georgetown University and
This paper studies how China uses access to public equity markets as an instrument of industrial policy. We find that policy-favored status, rather than
Latent-variable models are central to economics but often entail intractable integration. Variational inference (VI), widely used in machine learning, turns this integration into tractable,
We invert structural gravity to recover trade cost changes delivering targeted outcomes. For attainable welfare targets, one instrument per target yields a unique solution.
Although the environmental impact of trade has been a long-standing concern, there is still scant evidence on the channels through which international market access
We hypothesize that broad contact, involving brief interactions with multiple outgroup members, and deep contact, meaning longer interactions with a single outgroup member, play
Can we explain asset price movements even with ex post observations of their drivers? Reinterpreting Roll’s (1988) AFA Presidential Address, “R2,” as a modern
We show that cross-border learning is an important feature of modern semiconductor manufacturing and that several important channels – such as knowledge sharing along
Error in the measurement of key development outcomes affects our understanding of socioeconomic phenomena and their policy implications. This paper focuses on measuring intimate
We examine how physical health, health behaviors, and mortality vary with income for prime-age adults. To do so, we leverage population-wide, individual-level cardiovascular health
We study the consequences of affirmative action in college admissions. We develop an empirical framework that distinguishes the effects on marginally benefited and displaced
Does working from home increase fertility? I study the 2020 expansion of remote work by comparing changes in births across U.S. college graduates whose
Many public policies aim to support (or change the behavior of) a specific, targeted sub-group of the population. To measure the causal impacts of
The Critical Access Hospital (CAH) program, established under the Balanced Budget Act of 1997, provides cost-based Medicare reimbursement to small rural hospitals in exchange
Randomized Controlled Trials (RCTs) have played a major role in detecting direct forms of racial discrimination. In this essay, we ask whether RCTs can
This paper studies how judicial ideology shapes financial markets' expectations about the macroeconomy. We use unexpected deaths of U.S. Supreme Court Justices as quasi-experimental
We model a finite-horizon game of repeated oligopoly competition in which sellers choose quantities of a homogeneous product with linear demand and have private
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