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143 research outcomes, page 1 of 15
  • publication . Preprint . Report . Article . 2010
    Open Access
    Authors:
    Nicolas Coeurdacier; Hélène Rey;
    Project: EC | IFA DYNAMICS (210584)

    Standard theory would predict that investors hold a well diversified portfolio of equities across the world but despite the process of ‘financial globalization’, investors still hold a disproportionate share of local equities in their portfolio: the ‘equity home bias’ (...

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  • publication . Article . Preprint . Report . Research . 2009
    Open Access English
    Authors:
    Stéphane Bonhomme; Jean-Marc Robin;
    Publisher: HAL CCSD

    International audience; We study linear factor models under the assumptions that factors are mutually independent and independent of errors, and errors can be correlated to some extent. Under the factor non-Gaussianity, second-to-fourth-order moments are shown to yield ...

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  • publication . Report . 2017
    French
    Authors:
    Guadelli, Jean-Luc; Sirakov, Nikolay; Dimitrova, Irena; Fontugne, Michel; Guadelli, Aleta; Hopkins, Rachel; Jacob, Eileen; Kovacheva, Meri; Krumov, Ivaylo; Monesi, Edoardo; ...
    Publisher: HAL CCSD
    Project: EC | PALAEOCHRON (324139)
  • publication . Book . Article . Preprint . Report . 2016
    Open Access English
    Authors:
    Markus K. Brunnermeier; Luis Garicano; Philip R. Lane; Marco Pagano; Ricardo Reis; Tano Santos; David Thesmar; Stijn Van Nieuwerburgh; Dimitri Vayanos;
    Persistent Identifiers
    Publisher: Centre for Economic Performance, London School of Economics and Political Science

    We propose a simple model of the sovereign-bank diabolic loop, and establish four results. First, the diabolic loop can be avoided by restricting banks' domestic sovereign exposures relative to their equity. Second, equity requirements can be lowered if banks only hold...

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  • publication . Article . Report . 2020
    Open Access English
    Authors:
    David Altig; Scott R. Baker; Jose Maria Barrero; Nicholas Bloom; Philip Bunn; Scarlet Chen; Steven J. Davis; Julia Leather; Brent Meyer; Emil Mihaylov; ...
    Publisher: HAL CCSD

    International audience; We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based policy uncertainty, Twitter chatter about economic uncertainty, subjective uncertainty...

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  • publication . Report . Article . 2020
    Open Access
    Authors:
    Sascha O. Becker; Irena Grosfeld; Pauline Grosjean; Nico Voigtländer; Ekaterina Zhuravskaya;
    Persistent Identifiers
    Publisher: National Bureau of Economic Research
    Project: EC | Econ_Prejudice (646662)

    We exploit a unique historical setting to study the long-run effects of forced migration on investment in education. After World War II, the Polish borders were redrawn, resulting in large-scale migration. Poles were forced to move from the Kresy territories in the East...

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  • publication . Preprint . Report . 2008
    Open Access
    Authors:
    Martin, Philippe; Mayer, Thierry; Mayneris, Florian;
    Persistent Identifiers

    This paper analyzes empirically the effect of spatial agglomeration of activities on the productivity of firms using French individual firm data from 1996 to 2004. This allows us to control for endogeneity biases that the estimation of agglomeration economies typically ...

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  • publication . Article . Preprint . Report . 2013
    Open Access
    Authors:
    Bruno Crépon; Esther Duflo; Marc Gurgand; Roland Rathelot; Philippe Zamora;
    Persistent Identifiers

    This article reports the results from a randomized experiment designed to evaluate the direct and indirect (displacement) impacts of job placement assistance on the labor market outcomes of young, educated job seekers in France. We use a two-step design. In the first st...

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  • publication . Preprint . Article . Report . 2011
    Open Access English
    Authors:
    Jochmans, Koen;
    Publisher: HAL CCSD

    Abstract This note shows that the asymptotic variance of Chen’s [Chen, S., 2002. Rank estimation of transformation models. Econometrica 70 (4) 1683–1697] two-step estimator of the link function in a linear transformation model depends on the first-step estimator of the ...

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  • publication . Article . Report . Preprint . 2008
    Open Access English
    Authors:
    Laurent E. Calvet; Adlai J. Fisher;
    Publisher: HAL CCSD
    Project: SSHRC

    This paper proposes that equilibrium valuation is a powerful method to generate endogenous jumps in asset prices, which provides a structural alternative to traditional reduced-form specifications with exogenous discontinuities. We specify an economy with continuous con...

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143 research outcomes, page 1 of 15