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  • November 2024
  • Article

Perceptions About Monetary Policy

By: Michael D. Bauer, Carolin Pflueger and Adi Sunderam
We estimate perceptions about the Federal Reserve’s monetary policy rule from panel data on professional forecasts of interest rates and macroeconomic conditions. The perceived dependence of the federal funds rate on economic conditions varies substantially over time,... View Details
Keywords: Monetary Policy; Policy; Interest Rates; Perception; Economy; Forecasting and Prediction
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  • 2011
  • Working Paper

Do Not Trash the Incentive! Monetary Incentives and Waste Sorting

By: Alessandro Bucciol, Natalia Montinari and Marco Piovesan
This paper examines whether monetary incentives are an effective tool for increasing domestic waste sorting. We exploit the exogenous variation in the pricing systems experienced during the 1999-2008 decade by the 95 municipalities in the district of Treviso (Italy).... View Details
Keywords: Household; Cost Management; Consumer Behavior; Wastes and Waste Processing; Motivation and Incentives; Public Administration Industry; Italy
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    How Much Is a Win Worth? An Application to Intercollegiate Athletics

    Intercollegiate athletics in the United States have become a multibillion-dollar industry over the past several decades. In this study, we investigate the short- and long-term direct monetary effects of operating a winning athletics program for an academic institution... View Details
    • 26 May 2015
    • Research & Ideas

    Corporate Field Researchers Share Tricks of the Trade

    provides the opportunity for a few faculty members to share recent work with an audience of doctoral students, staff members, and other professors. In a panel discussion, several professors shared the practical findings of recent field... View Details
    Keywords: by Carmen Nobel
    • November 2024
    • Article

    Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge

    By: Alberto Cavallo and Oleksiy Kryvtsov
    We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between 2018 and 2024. Measuring... View Details
    Keywords: Macroeconomics; Inflation and Deflation; Price; Consumer Behavior; Personal Finance; Product Positioning
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    • 2017
    • Working Paper

    Self-Employment Dynamics and the Returns to Entrepreneurship

    By: Eleanor W. Dillon and Christopher T. Stanton
    Small business owners and others in self-employment have the option to transition to paid work. If there is initial uncertainty about entrepreneurial earnings, this option increases the expected lifetime value of self-employment relative to pay in a single year. This... View Details
    Keywords: Self-employed; Small Business; Business Earnings; Entrepreneurship; Ownership; Compensation and Benefits
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    • November 2004
    • Article

    Unemployment Benefits As a Substitute for a Conservative Central Banker

    By: Rafael Di Tella and Robert MacCulloch
    In the many years since their introduction, positive theories of inflation have rarely been tested. This paper documents a negative relationship between inflation and the welfare state (proxied by the parameters of the unemployment benefit program) that is to be... View Details
    Keywords: Unemployment; Welfare State; Compensation and Benefits; Inflation and Deflation
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    • 08 Nov 2012
    • HBS Seminar

    Avi Goldfarb, University of Toronto

    • June 2024
    • Article

    Valuing the Societal Impact of Medicines and Other Health Technologies: A User Guide to Current Best Practices

    By: Jason Shafrin, Jaehong Kim, Joshua T. Cohen, Louis P. Garrison, Dana A. Goldman, Jalpa A. Doshi, Joshua Krieger, Darius N. Lakdawalla, Peter J. Neumann, Charles E. Phelps, Melanie D. Whittington and Richard Willke
    This study argues that value assessment conducted from a societal perspective should rely on the Generalized Cost-Effectiveness Analysis (GCEA) framework proposed herein. Recently developed value assessment inventories—such as the Second Panel on Cost-Effectiveness’s... View Details
    Keywords: Health Care and Treatment; Valuation; Cost vs Benefits; Society
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    • 12 Mar 2019
    • HBS Seminar

    Giorgos Zervas, Boston University

    • 2010
    • Working Paper

    Do Call Centers Promote Education? Evidence from India

    By: Emily Fair Oster and Mary Bryce Millett
    Over the last two decades in India there have been large increases in outsourced jobs and large increases in schooling rates, particularly in English. Existing evidence suggests the trends are broadly related. In this paper we explore how localized these impacts are;... View Details
    Keywords: Job Cuts and Outsourcing; Education; Training; Geographic Location; Technology Industry; India
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    • Research Summary

    Selection, Reallocation, and Spillover: Identifying the Sources of Gains from Multinational Production (with Maggie Chen)

    By: Laura Alfaro

    Quantifying the gains from multinational production has been a vital topic of economic research. Positive productivity gains are often attributed to knowledge spillover from multinational to domestic firms. An alternative, less stressed explanation is firm selection... View Details

    Keywords: Gains From Multinational Production; Firm Selection; Knowledge Spillover
    • 03 Nov 2016
    • HBS Seminar

    Olav Sorenson, Yale University

    • November 2014
    • Article

    The Dynamics of Firm Lobbying

    By: William R. Kerr, William F. Lincoln and Prachi Mishra
    We study the determinants of the dynamics of firm lobbying behavior using a panel data set covering 1998–2006. Our data exhibit three striking facts: (i) few firms lobby, (ii) lobbying status is strongly associated with firm size, and (iii) lobbying status is highly... View Details
    Keywords: Lobbying; Political Economy; H-1B; Organizational Change and Adaptation; Policy; Immigration
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    • 2013
    • Working Paper

    The Dynamics of Firm Lobbying

    By: William R. Kerr, William F. Lincoln and Prachi Mishra
    We study the determinants of the dynamics of firm lobbying behavior using a panel data set covering 1998–2006. Our data exhibit three striking facts: (i) few firms lobby, (ii) lobbying status is strongly associated with firm size, and (iii) lobbying status is highly... View Details
    Keywords: Lobbying; Political Economy; H-1B; Business Ventures; Policy; Government Legislation; Immigration; Business and Government Relations; Research; Prejudice and Bias
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    • 2017
    • Working Paper

    Management as a Technology?

    By: Nicholas Bloom, Raffaella Sadun and John Van Reenen
    Are some management practices akin to a technology that can explain firm and national productivity, or do they simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 countries. We find large cross-country... View Details
    Keywords: Management Practices; Productivity; Competition; Management Practices and Processes; Performance Productivity
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    • July 2021
    • Article

    Medical Debt in the U.S., 2009–2020

    By: Raymond Kluender, Neale Mahoney, Francis Wong and Wesley Yin
    Importance: Medical debt is an increasing concern in the US, yet there is limited understanding of the amount and distribution of medical debt, and its association with health care policies.

    Objective: To measure the amount of medical debt nationally and by... View Details
    Keywords: Debt; Borrowing and Debt; Health Care and Treatment; United States
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      Strict ID Laws Don't Stop Voters: Evidence form a U.S. Nationwide Panel, 2008-2018

      U.S. states increasingly require identification to vote—an ostensible attempt to deter fraud that prompts complaints of selective disenfranchisement. Using a difference-in-differences design on a panel data set with 1.6 billion observations, 2008–2018, we find that... View Details

      • Research Summary

      Wearing a Red Hat ¨C The Impact of Activist Industrial Policy on Software Development in China

      The idea that the government should steer economic development by strategically hand-picking and managing certain industries is controversial but appeals to many developing countries that are eager to upgrade their industries. In this paper, I study China's recent... View Details

      • 01 Nov 2021
      • What Do You Think?

      How Long Does It Take to Improve an Organization’s Culture?

      consultants who provide advice on changing an organization’s culture generally estimate that the chances of success are low, typically one in three or four attempts. Those odds aren’t encouraging. But what isn’t clear in those statistics... View Details
      Keywords: by James Heskett