By Sara Diressova, Princeton University -- Di Tella and Kurlat (2017) and Drechser et al. (2017a) study the effects of a nominal interest rate shock on various bank balance sheet variables. I study the same relationships using a VAR model, to understand them over multiple periods of time, without assumptions of exogeneity, and with clear interactions between variables through impulse response functions (Hamilton 1994). I find that ...
Author: ruruhoong
Part-time economist, writer, tanguera. Full time glutton.
BLOG: To Stay or Migrate? Preferences and Occupational Choice in China’s Rural Ethnic Tourism Industry
By Virginia Zhang, New York University --- Though rural workers in China now have more opportunities for rural-urban migration, they still face uncertainties in urban labor markets. For many rural Chinese ethnic minority workers, ...