Category: International

Europe, International, Law and Economics

Market Effects of Court Decisions: A Case Study of Antiquities at Auction in New York and London

Olivia Zitkus, University of North Carolina at Chapel Hill
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The changing legal landscape of the market for ancient art provides an opportunity to study the impact of legal constraints on economic markets. Working with novel data from Sotheby’s and Bonhams auction houses and court decisions from London and New York between 2003 and 2019, I look for the effects of legal rulings and settlements on the art market. Continue reading Market Effects of Court Decisions: A Case Study of Antiquities at Auction in New York and London

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Finance, International, Macroeconomics, Political Economy

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)

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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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Finance, International

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

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Education, International

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

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Finance, International

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

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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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