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Vox EU:

Design-based fiscal stimulus transfers: Evidence and macro implications

In recent years, and during Covid-19 in particular, many countries have experimented with innovative approaches to fiscal stimulus. This column reports on an experiment in France in which individuals were given a debit c...Read more...

Journal article

International Review of Financial Analysis :

Does it matter who owns firms? Evidence on the impact of supermajority control on private firms in Europe

We explore how the type of owner affects private enterprise investment decisions in Europe. In contrast to the literature, we analyze firms with concentrated (>95%) ownership stakes to reduce the potential that agency pr...Read more...

Journal article

Research Policy :

No inventor is an island: social connectedness and the geography of knowledge flows in the US

Do informal social ties connecting inventors across distant places promote knowledge flows between them? To measure informal ties, we use a new and direct index of social connectedness of regions based on aggregate Faceb...Read more...

Journal article

Review of International Economics:

The geometry of the distance coefficient in gravity equations in international trade

Gravity equations in trade imply that trade flows are proportional to the size of a country and inversely proportional to distance. This paper develops the analogy of gravity in physics with gravity in trade and provides...Read more...

Journal article

The Economic Journal:

Tariffs, trade and productivity: a quantitative evaluation of heterogeneous firm models

We examine the quantitative predictions of heterogeneous firm in the context of the Canada?US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity and compare the...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Location, Search Costs and Youth Unemployment: Experimental Evidence from Transport Subsidies in Addis Ababa

Do high search costs affect the labour market outcomes of job seekers living far away from jobs? I randomly assign transport subsidies to unemployed youth in urban Ethiopia. Treated respondents increase job search intens...Read more...

Journal article

American Economic Journal: Economic Policy:

Do cash transfers improve birth outcomes? Evidence from matched vital statistics, and program and social security data

There is limited empirical evidence on whether cash transfers to poor pregnant women improve children's birth outcomes and potentially help weaken the cycle of intergenerational poverty. Using a unique array of program a...Read more...

Journal article

Economic Development and Cultural Change:

Organization of disaster aid delivery: spending your donations

Extreme disasters catch the public eye, often resulting in massive infusions of aid that affect not just individual well-being but the fabric of societies. In developing countries, this typically involves foreign nongove...Read more...

CEP discussion paper

Do Cash Transfers Improve Birth Outcomes? Evidence from Matched Vital Statistics, Social Security and Program Data

There is limited empirical evidence on whether unrestricted cash social assistance to poor pregnant women improves children?s birth outcomes. Using program administrative micro-data matched to longitudinal vital statisti...Read more...

CEP discussion paper

Government Transfers and Political Support

We estimate the impact of a large anti-poverty program ? the Uruguayan PANES ? on political support for the government that implemented it. The program mainly consisted of a monthly cash transfer for a period of roughly ...Read more...

CEP discussion paper

Investment, R&D and Financial Constraints in Britain and Germany

This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in two countries between 1985 and 1994. For German firms, cash flow is not informative in simple econome...Read more...

CEP discussion paper

Looking Into the Black Box: A Survey of the Matching Function

We survey the microfoundations, empirical evidence and estimation issues underlying the aggregate matching function. Several microeconomic matching mechanisms have been suggested in the literature with some successes but...Read more...