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 Sara Diressova, Princeton University
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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 ...
By Eric Karsten, Chong An Ong, Immanuel Adriana Rakshana, and Arushi Saksena, University of Chicago
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The minimum wage is a contentious issue, with proponents arguing that it is required to protect the wage security of low-income earners, and opponents arguing that it places downwards pressure on employment in the labor market. Our paper uses a differences in differences regression model, similar to the one used in Card & Krueger(1993) to estimate the unemployment effects of a minimum wage increase.
By Charles LeSueur, Vassar College
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The purpose of this paper is to analyze whether Title II of the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) effectively fulfills the stated goals of ending “too big to fail”, “no more taxpayer-funded bailouts”, and decreasing systemic risk. I argue that Title II institutionalized taxpayer-funded bailouts under different language and increased systemic risk ...
By Wei Wang. University of California, Berkeley
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This study investigates the relationship between developing stock markets and the real economy by examining the effect of stock market crashes on...
By Yifan (Eva) Gong. Macalester College.
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This paper attempts to examine technology's impact on the labor market through the lens of skilled labor. Technical changes in the late 20th century are skill-biased...
By Domagoj Babic. Princeton University.
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When companies choose to undertake foreign direct investments (FDI) in emerging countries (such as those in Central and Eastern Europe) rather than...
By Cody Kallen. Washington University of St. Louis.
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This paper examines the effects of financial development on growth rates using a sample of countries at different points in time, with the observation for each country beginning at the year it reaches a GDP per capita of $10,000 in constant 2005 dollars.
By Michel Cassard. Princeton University.
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This paper uses vector autoregressive analysis to show a change to the Federal Reserve’s reaction function post 2008.
