Our Winter 2020-2021 Issue
On behalf of the Comparative Advantage Editorial Board, we are honored to present the ninth volume, Winter issue, of the Stanford Undergraduate Economics Journal. Continue reading Our Winter 2020-2021 Issue
Keystroke Money: Empirical Evidence From India (1999-2019)
Louis Lamaury, University of Leeds
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Since the revival of money supply endogeneity of the 1980s, post-Keynesian monetary theory has become increasingly accepted in central banking institutions. In developed economies, academia has paved the way forward through empirical research but has often neglected developing economies. This paper investigates the exogenous-endogenous money supply hypothesis in India from 1999 to 2019. Continue reading Keystroke Money: Empirical Evidence From India (1999-2019)
Analyzing the Effects of Unemployment on Political Polarization in New York State
By Mohammed Al-Khulaifi, Georgetown University School of Foreign Service
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In this empirical research I attempt to investigate possible causation between the level of unemployment and the level of political polarization in New York State by county. I hypothesize that the increase in unemployment will lead to higher levels of political polarization following the intuition of political fanaticism grounded on economic distress. Continue reading Analyzing the Effects of Unemployment on Political Polarization in New York State
BLOG: Cap-and-Trade and Environmental Justice: A Study of California’s RECLAIM Program
By Aidan Acosta, Middlebury College
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Cap-and-trade has been shown by previous studies to be at least as effective as prescriptive regulation at reducing air pollution. However, regulators must ensure that the dispersion of emissions that is dictated by the market is environmentally just in order for cap-and-trade to be a viable solution. Continue reading BLOG: Cap-and-Trade and Environmental Justice: A Study of California’s RECLAIM Program
The European Central Bank’s Monetary Policy Announcement Effect on the Exchange Rate in the Effective Lower Bound Era
By Raisa Khadija Muhtar, University of St. Andrews
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Using a high-frequency event study of the European Central Bank’s (ECB) monetary policy announcements for both the “Press Release” event window and “Press Conference” event window, this paper observes an increasing sensitivity of exchange rate response to monetary policy announcements windows over the period of 2002 to 2019. Continue reading The European Central Bank’s Monetary Policy Announcement Effect on the Exchange Rate in the Effective Lower Bound Era
High Hopes and Low Budget: An Empirical Investigation on the Impact of Differential School Investment in Khyber Pakhtunkhwa, Pakistan
By Emaan Siddique, University of California, Berkeley
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Since the Pakistan Tehreek-e-Insaf (PTI) won the majority of seats in the Provincial Assembly of Khyber Pakhtunkhwa (KPK) in 2013, the party has received widespread acclamation for improving public education within the province. However, there is weak evidence to support whether these policies have had an immediate effect on educational out- comes. Continue reading High Hopes and Low Budget: An Empirical Investigation on the Impact of Differential School Investment in Khyber Pakhtunkhwa, Pakistan
Our Spring 2020 Issue
On behalf of the Comparative Advantage Editorial Board, we are pleased to present the eighth volume of Stanford University’s undergraduate economics journal. Continue reading Our Spring 2020 Issue
The Effect of National Radio on Financial Behavior
By Smeet Butala, University of Maryland
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This paper examines the effects of increasing national coverage of All India Radio on financial inclusion during the early 2000s. Specifically, the dependent variable is bank account ownership and the explanatory variable of interest is subdistrict-level radio coverage. Continue reading The Effect of National Radio on Financial Behavior
BLOG: One Solution to Two Problems: Solving Federal Debt and the Climate Problem through a Human-Oriented Carbon Tax
By Shreyansh Budhia, The George Washington University
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Carbon taxes, or the taxation of greenhouse gas emissions, have been touted as a solution to rein in both climate change and the ballooning U.S. national debt. Carbon tax proposals also maintain many free market principles and have found support even among some fiscal conservatives. Continue reading BLOG: One Solution to Two Problems: Solving Federal Debt and the Climate Problem through a Human-Oriented Carbon Tax