Our Seminars & Workshops

Title: Macroeconomic news announcements and identification of policy shocks in SVARs

Abstract: This paper considers jumps in asset prices in short windows around macroeconomic news announcements and considers SVAR identification using the assumption that these jumps are not correlated with policy shocks. It switches the usual approach of an external instrument from something that is correlated with only the policy shock to one that is uncorrelated with the policy shock. Frequentist inference is considered. In principle, the approach can achieve point identification. In practice, the proposed instruments are too weak for point identification, but they can be used to sharpen frequentist sign identification. In an application, they reduce the width of confidence intervals for the impulse responses to a monetary policy shock.

Title: Testing Appraisal Tendencies in Financial Markets

Title: Ownership and Digital Interoperability

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Title: The Cost of State Building: Evidence from Germany

Abstract: I examine the potential of pro-development state (capacity) building projects to be coopted for repression. I leverage the natural experiment created by the differential build-up of capacity between formerly Prussian and formerly non-Prussian parts of unified Germany, and the radical policy shifts instigated by the Nazi regime. Across a geographical discontinuity, and across different stops of the \textit{same} train transport to the East, I find that Prussian municipalities are significantly more efficient at deporting Germany's Jews. They are also better at providing public goods and at collecting taxes, facilitated by a legacy of better organization and information management. Just before the Nazis came to power, Prussian municipalities provide more public goods as well, but they are not differentially involved with anti-Semitism. I show that democratic oversight and aspects of bureaucratic culture can mitigate the potential for future abuse of state building projects. Ideologically fanatic principals and hierarchical local bureaucracies may exacerbate repression.

Title: Career ladders and the skill structure of the labor market

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Title: Dual Learning: How and How Much Can Platforms Learn from Searching Consumers? (with Maarten Janssen)

Paper is available at https://drive.google.com/file/d/1VHPop4V3hKzxWp4FFPJWkMxUKlyXN-ii/view?usp=drive_linkLink opens in a new window

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Title: Aligning UG Research in Economics towards AI-driven Research Skills

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When and why does choice differ from rejection?

Title: The Long-Run Impact of Cash Transfers to Poor Families: New Estimates using Larger Samples and New Methods (with Anna Aizer, Sungwoo Cho, Joseph Ferrie and Adriana Lleras-Muney).

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Title: The Evolutionary Success of Moral Universalism vs Moral Particularism.

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The Accuracy and Malleability of parental First and Second-Order Beliefs about Child Socio-Emotional Health

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