High-Skilled Immigration and the Rise of STEM Occupations in U.S. Employment...
Abstract In this paper, we document the importance of high-skilled immigration for U.S. employment in STEM fields. To begin, we review patterns of U.S. employment in STEM occupations among workers with...
View ArticleIs The Mediterranean The New Rio Grande? US And EU Immigration Pressures In...
How will worldwide changes in population affect pressures for international migration in the future? We contrast the past three decades, during which population pressures contributed to substantial...
View ArticleA Framework for Eliciting, Incorporating, and Disciplining Identification...
To estimate causal effects from observational data, an applied researcher must impose beliefs. The instrumental variables exclusion restriction, for example, represents the belief that the instrument...
View ArticleFinancial Risk Protection from Social Health Insurance -- by Kayleigh Barnes,...
This paper estimates the impact of social health insurance on financial risk reduction by utilizing data from a natural experiment created by the phased roll out of a social health insurance program...
View ArticleMobile Collateral versus Immobile Collateral -- by Gary Gorton, Tyler Muir
In the face of the Lucas Critique, economic history can be used to evaluate policy. We use the experience of the U.S. National Banking Era to evaluate the most important bank regulation to emerge from...
View ArticleReal Interest Rates, Imbalances and the Curse of Regional Safe Asset...
The current environment is characterized by low real rates and by policy rates close to or at their lower bound in all major financial areas. We analyze these unusual economic conditions from a...
View ArticleThe Perils of Top-down State Building: Evidence from Colombia's False...
How should a state which lacks the monopoly of violence go about acquiring it? We investigate the use of high-powered incentives for members of the Colombian army as part of a strategy to combat...
View ArticleDesigning Online Marketplaces: Trust and Reputation Mechanisms -- by Michael...
Online marketplaces have proliferated over the past decade, creating new markets where none existed. By reducing transaction costs, online marketplaces facilitate transactions that otherwise would not...
View ArticleReal-Time Forecast Evaluation of DSGE Models with Stochastic Volatility -- by...
Recent work has analyzed the forecasting performance of standard dynamic stochastic general equilibrium (DSGE) models, but little attention has been given to DSGE models that incorporate nonlinearities...
View ArticleDebt Constraints and Employment -- by Patrick Kehoe, Elena Pastorino,...
During the Great Recession, regions of the United States that experienced the largest declines in household debt also experienced the largest drops in consumption, employment, and wages. Employment...
View ArticleNominal Rigidities in Debt and Product Markets -- by Carlos Garriga, Finn E....
Standard models used for monetary policy analysis rely on sticky prices. Recently, the literature started to explore also nominal debt contracts. Focusing on mortgages, this paper compares the two...
View ArticleFirm Age and Size and the Financial Management of Infrequent Shocks -- by...
Age and size distinctly affect firms' financial management of infrequent risks. We examine a rare, severe event using detailed firm-level data collected following Hurricane Sandy in the New York area....
View ArticleMoscow Exchange: Revised Maximum Quantity Of Securities Eligible As...
Due to NCC Clearing Bank decision maximum quantity of securities eligible as collateral at Derivatives Market will be changed starting from September 15, 2016 at 7:00 p.m.:read more...
View ArticleBuy-Side Firms Prioritize Liquidity And Relationships As Top Concerns In...
The regulatory challenges and cost pressures facing buy-side firms are putting further demands on the sell-side to prove their relationship value. According to conversations with 100 U.S. head traders...
View Article12Sep/Claudia Buch appointed Chair of the Irving Fischer Committee on Central...
Press release about Claudia Buch being appointed Chair of the Irving Fischer Committee on Central Bank Statistics (12 September 2016)
View ArticleSIX Swiss Exchange: Participating In The Trends Of The Future
Participation products allow investors to put their investment ideas into practice relatively easily, transparently and even with a low initial investment.read more...
View ArticleMIAX Options Exchange - MIAX Options - Market Data (ToM, AIS And MOR)...
Please be advised the MIAX Options Exchange is currently experiencing duplicate packet issues on the A feed impacting Market Data (ToM, AIS and MOR) affecting users on the 10 Gig non-ULL network. No...
View Article14 Thai Listed Firms Named In 2016 DJSI, Highest Among ASEAN
The Stock Exchange of Thailand (SET) announces that 14 Thai listed companies have been included in the Dow Jones Sustainability Indices (DJSI), one of the most highly regarded global sustainability...
View ArticleMIAX Options Exchange - MIAX Options - Update: Market Data (ToM, AIS And MOR)...
Please be advised the MIAX Options Exchange is currently experiencing duplicate packet issues on the A feed impacting Market Data (ToM, AIS and MOR) affecting users on the 10 Gig non-ULL network. No...
View ArticleSimCorp Provides Clients With Full Foreign Exchange Netting Capabilities Via...
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that it has enhanced its partnership with FX Connect® to provide...
View Article