Filetype
Romer and Romer (2004) propose a simple method to estimate monetary policy shocks using forecasts and real-time data. However, such data is not always (publicly) available, especially in a historical context. We explore the consequences of using revised data instead of the original forecast and real-time data when estimating policy shocks using the Romer and Romer framework. To this end, we estima
School districts in the US and around the world are increasingly moving away from traditional neighborhood school assignment, in which pupils attend closest schools to their homes. Instead, they allow families to choose from schools within district boundaries. This creates a market with parental demand over publicly-supplied school seats. More frequently than ever, this market for school seats is
In this article, we propose a new estimator of panel data models with interactive fixed effects and multiple structural breaks that is suitable when the number of time periods, T, is fixed and only the number of cross-sectional units, N, is large. This is done by viewing the determination of the breaks as a shrinkage problem, and to estimate both the regression coefficients, and the number of brea
We use Google internet search volumes to measure households’ pessimism about overall market-wide credit health in the economy, and show that this “household default sentiment” is positively correlated with the credit default swap (CDS) spread level in the market. However, while household default sentiment might drive the cost of credit to some degree, either directly or indirectly through its effe
Purpose: To increase the understanding of storytelling in the realm of social entrepreneurship, and to highlight how storytelling is used in social entrepreneurial resource acquisition. Methodology: With an interpretivist and objectivist stance qualitative interview material has been collected from 9 respondents. Analysis and conclusions are based on an iterative interpretation of primary intervie
Reflexivity without reflexives Eric Reuland, Anna Volkova1 Utrecht institute of Linguistics OTS, Universiteit Utrecht Background: What prevents pronominals from being locally bound? Does this a) reflect an intrinsic property of pronominals (Chomsky 1981), is it b) a relative (economy) effect, that only shows up where there is a more dedicated competitor (see from different perspectives, Safir 2004
We develop a framework for categorization in games, applicable both to multistagegames of complete information and static games of incomplete information.Players use categories to form coarse beliefs about their opponents’behavior. Players best-respond given these beliefs, as in analogy-based expectationsequilibria. Categories are related to strategies via the requirementsthat categories contain a
This paper examines the causal effect of public discourse in one or both sides of the market on overall market socially responsible behavior. In a laboratory setting, we vary whether firms and/or consumers participate in a public discussion before trading begins. When both sides take part, the share of socially responsible trades increases slightly; however, when only one side participates, market
It is widely believed that Friedrich von Hayek’s first encounter with Gunnar Myrdal involved the latter’s last-minute contribution, as a replacement for Erik Lindahl, to a Sammelband edited by the former in 1933, and that Hayek was lukewarm towards Myrdal and his ideas from the very beginning. Correspondence between the two shows that, in fact Myrdal was among Hayek’s original invitees,and that th
Engagement in foreign markets can have an impact on firm organization and on the type of occupations that a firm needs. We examine the effect of globalization on the occupational mix using detailed Swedish data that cover all firms and a representative sample of the labor force for 1997-2005. We find a robust relationship between a firm’s degree of international integration and its occupational mi
Is possible to quantify modernization? I will refer as "agnumetry" the measure of the brokenness of an environment; from "agnumy" the Greek word for "break". The presence of broken technologies makes an environment more or less broken; the measurement of this grade of brokenness could be an interesting manner to compare these environments with each other. In this paper, I introduce some criteria t
In a previous study (van de Weijer 2003), it was shown that it is a relatively uncommon pattern to find two IC within the same monomorphemic word. The main purpose of the present study was to establish whether listeners have implicit knowledge of this aspect of phonological word structure. A lexical decision experiment was carried out in which subjects listened to nonsense words and real words in
This paper presents a computerized grammar which can analyze and generate a sample of pedagogical Chinese sentences, in particular those mentioned in the textbook Kinesiska är inte svårt (‘Chinese is not difficult’) by Göran Malmqvist 1974. Equivalent grammars for English and Swedish have also been constructed allowing translation between the three languages. The grammar model used is the Swetra g
Permutational Grammar, PG, is a grammar inspired by the Free Word Order grammar, FOG, presented in Vladimir Pericliev & Alexander Grigorov 1992. Some languages, notably Latin, are said to have free word order, see e.g. Siewierska 1988. The name Permutational Grammar is derived from the use of permutations in order to generate order variation. The general problem to be solved by FOG and PG is t
This study aims att developing a methodology for investigating the relationship between the fluent and disfluent productions of the Swedish conjunction ATT ‘that’ and the complexity of speech fragments following them. A study of the syntactic structure of the speech fragments following ATT and their relation to the pragmatic structure of the discourse, in particular the fragments’ role as regards
We conduct a contest experiment where participants can invest in increasing both the mean and the spread of an uncertain performance variable. Subjects are treated with different prize schemes and in accordance with theory we observe substantial investments in spread. We find that both types of investments can be controlled with a three level prize scheme. However, the control is imperfect and beh
We consider the taxation of exchanges among a set of agents where each agent owns one object. Agents may have different valuations for the objects and they need to pay taxes for exchanges. Using basic properties, we show that if pairwise (or some) exchanges of objects are allowed, then all exchanges (in any possible manner) must be feasible. Furthermore, whenever any agent exchanges his object, he
A time bank is a group of individuals and/or organizations in a local community that set up a common platform to trade services among themselves. There are several well-known problems associated with this type of banking, e.g., high overhead costs for record keeping and difficulties to identify feasible trades. This paper demonstrates that these problems can be solved by organizing time banks as a
Several recent models of choice build on the idea that decision makers are more likely to choose an option if its attributes stand out compared to the attributes of the available alternatives. One example is the model of focusing by Köszegi and Szeidl (2013) where decision makers focus disproportionally on the attributes in which the available options differ more, implying that some attributes wil
