14 February 2020

Sibling Spillovers in College Enrollment

An older sibling’s attending a more selective college raises younger siblings’ college enrollment rates and the quality of college chosen, particularly for families with low predicted probabilities of college enrollment,Joshua Goodman, Michael Hurwitz, Christine Mulhern, and Jonathan Smith find.

13 February 2020

Demographic Obstacles to European Growth

Thomas F. Cooley, Espen Henriksen, and Charlie Nusbaum estimate that population aging accounts for as much as 70 percent of the slowdown economic growth in France and Germany over the last few decades, and between 25 and 50 percent of the slowdowns in Italy and the United Kingdom.

12 February 2020

Inflation: Dead, Dormant, or Determined Abroad?

CPI inflation rates in many countries have become more synchronized, but both core inflation and wage inflation are still largely determined domestically, according to new research by Kristin Forbes.

11 February 2020

Unintended Consequences of China's One-Child Policy

Xiaojia Bao, Sebastian Galiani, Kai Li, and Cheryl Long provide empirical evidence that strict one-child policy implementation in China led to more child abandonment, mostly of girls, and more child abduction, mostly of boys.

10 February 2020

Angel Investor Tax Credits Don't Boost Entrepreneurship

Tax credits for angel tax investors, which subsidize wealthy individuals’ investments in startups, have no measurable effect on local entrepreneurial activity or beneficiary company outcomes, according to research by Sabrina T. Howell and Filippo Mezzanotti.

7 February 2020

Spillovers from Publicy-Supported R&D

Using OECD and French data, Enrico Moretti, Claudia Steinwender, and John Van Reenen find that increases in government-funded R&D for an industry or a firm result in significant increases in private sector R&D.

6 February 2020

The Impact of Europe's Data Rules on the Internet

The European Union’s General Data Protection Regulation has had no effect on the number or types of interconnection agreements between independently operated networks and the Internet, Ran Zhuo, Bradley Huffaker, KC Claffy, and Shane Greenstein find.

5 February 2020

Financial Stability and Transmission of Monetary Policy

When banks face capital constraints, monetary policy easing by the central bank may be less effective than otherwise because these constraints impair both the bank-lending channel and the central bank's lender-of-last-resort function, according to a study by Viral V. Acharya, Björn Imbierowicz, Sascha Steffen, and Daniel Teichmann.

4 February 2020

A Phillips Curve for the Euro Area

Fluctuations in core inflation since the creation of the euro are well explained by expected inflation, the output gap as measured by the OECD, and the pass-through of movements in headline inflation, according to Laurence M. Ball and Sandeep Mazumder.

3 February 2020

Networking Frictions and Gender in Venture Capital

Exposure to more venture capitalists – because of random fluctuations in the size of judging panels – during the Harvard Business School’s New Venture Competition increases the likelihood of starting a venture-backed firm by more for men than for women, research by Sabrina T. Howell and Ramana Nanda finds.
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