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.
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.
On behalf of the Comparative Advantage Editorial Board, we are pleased to present the eighth volume of Stanford University’s undergraduate economics journal.
By Smeet Butala, University of Maryland -- This paper examines the effects of increasing national coverage of All India Radio on financial inclusion during the early 2000s. Specifically, the dependent variable is bank account ownership and the explanatory variable of interest is subdistrict-level radio coverage.
By Shreyansh Budhia, The George Washington University -- Carbon taxes, or the taxation of greenhouse gas emissions, have been touted as a solution to rein in both climate change and the ballooning U.S. national debt. Carbon tax proposals also maintain many free market principles and have found support even among some fiscal conservatives.
By Juan Andres Mesias, The George Washington University -- This paper studies the macroeconomic consistency of the Ecuadorian economy from 2007- 2016. Initially, the paper develops a Three-Gap Model to carry out a basic consistency check on all three macroeconomic accounts, public, private and current accounts.
By Bishoy Megalla, Yale University -- During the early days of 2007, Northern Rock stood as the fifth-largest bank in the United Kingdom by mortgage assets; with £113.5 billion in assets, the bank had grown tremendously from its origins in the twentieth century as a simple building society.
By Christopher Deranian, University of Maryland, College Park -- Over the past two decades, drought conditions in California have repeatedly threatened freshwater security in the state. Since Governor Jerry Brown declared a state of emergency in 2014, a variety of policies have been enacted to promote water conservation.
By Madison Smith, Yale University -- The goal of this paper is to highlight the importance of China implementing economic reforms in order to avoid a sustained slowdown following decades of substantial GDP growth.