News shocks, consumer confidence and business cycles
Abstract We study the causal effects of consumer sentiment shocks on macroeconomic aggregates. By constructing a novel instrument based on major non‐economic news shocks in the USA over 1969–2022, and opinion polls around these events, we identify exogenous changes in consumer confidence.
Syed M. Hussain, Zara Liaqat
wiley +1 more source
Network carrier allocation optimization based on immune algorithm under massive concurrent access. [PDF]
Qi L.
europepmc +1 more source
Abstract Eaton, Kortum, and Kramarz (2011) (EKK) discovered empirical patterns from French manufacturing firms that a baseline firm heterogeneity model could not explain. The authors proposed and estimated a model that closely matches the patterns observed in French data.
Jiatong Zhong
wiley +1 more source
Near Linearity of the Macroscopic Hall Current Response in Infinitely Extended Gapped Fermion Systems. [PDF]
Wesle M +4 more
europepmc +1 more source
Contested Compromise: Public Policy Reforms as Share Contests
ABSTRACT Public policy reforms often benefit certain societal groups while being costly for others. Both supporters and opponents of reforms can form lobby groups to influence the policy outcome in their preferred direction. This paper presents a simple two‐stage model of a public policy reform that results from the partial implementation of a policy ...
Achim Hagen
wiley +1 more source
Spin conductivity in two-dimensional Heisenberg model on Lieb lattice under magnetic field and spin-orbit interactions. [PDF]
Azizi F, Rezania H.
europepmc +1 more source
Building a Potemkin village in occupied China: Japan's wartime system of linked trade, 1939–43
Abstract The paper discusses the novel but little‐known exchange rate system of Japanese‐occupied North China during the Second Sino‐Japanese War, in which exporters were given the right to import in the form of a piece of yellow paper, which could be sold in the secondary market.
Shinji Takagi
wiley +1 more source
Interpretable nonconvex submodule clustering algorithm using ℓr-induced tensor nuclear norm and ℓ2,p column sparse norm with global convergence guarantees. [PDF]
Yang M, Han S, Chen L, Wang J.
europepmc +1 more source
Strategic Flip‐Flopping in Political Competition
ABSTRACT We study candidates' position adjustments in response to information about voters' preferences. Repositioning allows candidates to move closer to the median voter, but it incurs financial and electoral costs. In a subgame‐perfect equilibrium, candidates diverge from the center ex ante if the costs of adjustment are sufficiently large.
Gaëtan Fournier +2 more
wiley +1 more source

