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In an open emerging market economy, firm inflation expectations are not simply noisy survey responses; instead, they are a state-dependent transmission channel through which
We analyze firms’ IPO decisions using detailed financial data on US private firms. Firms with higher external capital needs are more likely to go
We exploit the staggered, province-level rollout of China's Fully Digitalized Electronic Invoice (the Shu-Dian- Piao, or FDEI) between late 2021 and 2023 to identify
We study the relation between strategic complementarities and aggregate persistence in linear-quadratic mean field games with interactions in states and actions. The framework provides
Oversight changes the evidence it relies on. We ask when randomized audits and scoring align AI agents that can conceal misconduct and alter records.
We trace the impact of central bank stock purchases by exploiting discontinuities in the Bank of Japan's policy rule, which triggers purchases when stock
Policies restricting gun sales face substantial political opposition and constitutional constraints. In this paper, we ask how costly it would be to induce potential
Congestion pricing policies are widely debated and critics often argue that toll costs outweigh congestion relief. We show theoretically that welfare gains depend on
Pension funds are long-horizon investors with predictable liability structures. As such, they are often perceived as investors who can provide liquidity and stabilize markets.
The Asia School of Business Tun Ismail Ali Center of Excellence and the Centre for Economic Policy Research are organizing a central banking research workshop.
The global financial system is experiencing significant structural changes, prompting new questions about global imbalances, the future role of the dollar, and system stability.
The study examines support for a market-based organ procurement system among Benin residents descended from enslaved people or slave-owners.
This study investigates why many Sub-Saharan Africans choose risky irregular sea migration to Europe, based on a lab-in-the-field experiment in West Africa.
The announcement discusses how the risk of cultural extinction, measured by language loss, is influenced by societal factors such as male dominance.
This paper assesses the South African Reserve Bank's past monetary policy stance by applying different inputs to the Bank's forecasting model's Taylor rule specification.
Between January 2015 and January 2020, the price level rose 10 percent in the U.S., 6 percent in the euro area, and 3 percent
Ludwig Straub (Harvard University) will present the paper 'Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel' at the Virtual Seminar on Monetary Economics.
The CEPR Network on Household Finance is hosting an online seminar on Friday the 13th titled 'Do you know your worth? Attention and wealth inequality.'
Vietnam’s expansion of university admission pathways has raised questions about whether high school (HS) transcripts or national exam scores better predict student success. Examining
This research announcement reports on a study using census data to document significant variation in education mobility across municipalities in the Philippines.
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