Results 241 to 250 of about 16,496 (311)

News shocks, consumer confidence and business cycles

open access: yesEconomica, EarlyView.
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

Reducing the replication time for structural estimations: A successful replication of “An Anatomy of International Trade” using GPU computing

open access: yesEconomic Inquiry, Volume 63, Issue 2, Page 424-440, April 2025.
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

Contested Compromise: Public Policy Reforms as Share Contests

open access: yesEconomics &Politics, EarlyView.
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

Building a Potemkin village in occupied China: Japan's wartime system of linked trade, 1939–43

open access: yesThe Economic History Review, EarlyView.
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

Strategic Flip‐Flopping in Political Competition

open access: yesInternational Economic Review, EarlyView.
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

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