Exciting News for 2021-22 and Beyond – Our Name has Changed!

For almost a decade, Comparative Advantage has published incredible research papers from undergraduate students across the globe, serving as a medium to amplify the voices of some of the world’s brightest minds. Starting this year, we are attempting to broaden our publication’s impact by venturing into new territory: the realm of commentaries.  Especially in the context of the COVID-19 pandemic, economic analysis is more important … Continue reading Exciting News for 2021-22 and Beyond – Our Name has Changed!

Our Summer 2021 Issue

On behalf of the Comparative Advantage Editorial Board, we are pleased to present the ninth volume, summer issue, of Stanford University’s undergraduate economics journal. This volume presents undergraduate work on a wide variety of topics, including environmental economics, political economy, and labor economics. Furthermore, as the COVID-19 pandemic continues to exact a toll on individuals and healthcare systems worldwide, this volume may inform the debates … Continue reading Our Summer 2021 Issue

Keystroke Money: Empirical Evidence From India (1999-2019)

Louis Lamaury, University of Leeds

Since the revival of money supply endogeneity of the 1980s, post-Keynesian monetary theory has become increasingly accepted in central banking institutions. In developed economies, academia has paved the way forward through empirical research but has often neglected developing economies. This paper investigates the exogenous-endogenous money supply hypothesis in India from 1999 to 2019. Continue reading Keystroke Money: Empirical Evidence From India (1999-2019)

Analyzing the Effects of Unemployment on Political Polarization in New York State

By Mohammed Al-Khulaifi, Georgetown University School of Foreign Service

In this empirical research I attempt to investigate possible causation between the level of unemployment and the level of political polarization in New York State by county. I hypothesize that the increase in unemployment will lead to higher levels of political polarization following the intuition of political fanaticism grounded on economic distress. Continue reading Analyzing the Effects of Unemployment on Political Polarization in New York State

BLOG: Cap-and-Trade and Environmental Justice: A Study of California’s RECLAIM Program

By Aidan Acosta, Middlebury College

Cap-and-trade has been shown by previous studies to be at least as effective as prescriptive regulation at reducing air pollution. However, regulators must ensure that the dispersion of emissions that is dictated by the market is environmentally just in order for cap-and-trade to be a viable solution. Continue reading BLOG: Cap-and-Trade and Environmental Justice: A Study of California’s RECLAIM Program

The European Central Bank’s Monetary Policy Announcement Effect on the Exchange Rate in the Effective Lower Bound Era

By Raisa Khadija Muhtar, University of St. Andrews

Using a high-frequency event study of the European Central Bank’s (ECB) monetary policy announcements for both the “Press Release” event window and “Press Conference” event window, this paper observes an increasing sensitivity of exchange rate response to monetary policy announcements windows over the period of 2002 to 2019. Continue reading The European Central Bank’s Monetary Policy Announcement Effect on the Exchange Rate in the Effective Lower Bound Era

High Hopes and Low Budget: An Empirical Investigation on the Impact of Differential School Investment in Khyber Pakhtunkhwa, Pakistan

By Emaan Siddique, University of California, Berkeley

Since the Pakistan Tehreek-e-Insaf (PTI) won the majority of seats in the Provincial Assembly of Khyber Pakhtunkhwa (KPK) in 2013, the party has received widespread acclamation for improving public education within the province. However, there is weak evidence to support whether these policies have had an immediate effect on educational out- comes. Continue reading High Hopes and Low Budget: An Empirical Investigation on the Impact of Differential School Investment in Khyber Pakhtunkhwa, Pakistan