Category: Blog

Blog, Immigration, International, Labor

BLOG: Unemployment, Refugees, Asylum Seekers, and the 2008 Financial Crisis – An Analysis using Structural VAR and Dynamic Panel Models

Sarah von Bargen, Columbia University
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This paper analyzes the relationships between refugee and asylum seeker flows, unemployment rates, and suicide rates using both structural vector autoregression and dynamic panel models. Specifically, structural VAR is initially used for analyzing data from 1980-2018 in the United States, and a random effects dynamic panel model is utilized for analyzing post-2008 financial crisis data of these four variables in the United States, France, and the United Kingdom. Continue reading BLOG: Unemployment, Refugees, Asylum Seekers, and the 2008 Financial Crisis – An Analysis using Structural VAR and Dynamic Panel Models

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Behavioral, Blog, Microeconomics

BLOG: The Decoy Effect and Risk Aversion

By Ryan Pak, New York University Stern School of Business
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The decoy effect arises when a firm offers a product that is clearly inferior to another product in order to drive sales of the latter. This phenomenon has been displayed experimentally in many different situations, but remains understudied theoretically. We develop a model of almost rational consumer choice, with a single behavioral tendency — regret aversion. Continue reading BLOG: The Decoy Effect and Risk Aversion

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Blog, Labor, Political Economy

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

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Blog, Energy

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

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Blog, Energy

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

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Blog, International, Macroeconomics

BLOG: Three Gap Analysis of Macroeconomic Consistency: A Case Study of the Ecuadorian Economy

By Juan Andres Mesias, The George Washington University
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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. Continue reading BLOG: Three Gap Analysis of Macroeconomic Consistency: A Case Study of the Ecuadorian Economy

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Blog, Finance, International

BLOG: Northern Rock: The Forgotten Harbinger of the Global Financial Crisis

By Bishoy Megalla, Yale University
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During the early days of 2007, Northern Rock stood as the fifth-largest bank in the United Kingdom by mortgage assets; with £113.5 billion in assets, the bank had grown tremendously from its origins in the twentieth century as a simple building society. Continue reading BLOG: Northern Rock: The Forgotten Harbinger of the Global Financial Crisis

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Blog, Microeconomics

BLOG: How Price and Non-Price Incentives Affect California Water Demand

By Christopher Deranian, University of Maryland, College Park
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Over the past two decades, drought conditions in California have repeatedly threatened freshwater security in the state. Since Governor Jerry Brown declared a state of emergency in 2014, a variety of policies have been enacted to promote water conservation. Continue reading BLOG: How Price and Non-Price Incentives Affect California Water Demand

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