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People only pay attention to new information when they want to

People only pay attention to new information when they want to
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Ryan opreaOxford university pressJournal of the european economic associationOxford universityExchange of motivated beliefsEuropean economic associationGame stopஆக்ஸ்ஃபர்ட் பல்கலைக்கழகம் ப்ரெஸ்இதழ் ஆஃப் தி ஐரோப்பிய பொருளாதார சங்கம்ஆக்ஸ்ஃபர்ட் பல்கலைக்கழகம்ஐரோப்பிய பொருளாதார சங்கம்விளையாட்டு நிறுத்து

Mortgage rates, origination fees, and the transmission of monetary policy

Mortgage rates, origination fees, and the transmission of monetary policy
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United statesUnited kingdomCity ofOxford university pressJournal of the european economic associationMassachusetts institute of technologyOxford universityLonger term refinancing operationsLending schemeSoutheast englandFinancial economicsQuarterly journalAmerican economic reviewMassachusetts instituteEuropean economic associationFinancial studies

The rise of non-bank finance and its implications for monetary policy transmission

The rise of non-bank finance and its implications for monetary policy transmission
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United statesAlan greenspanIsabel schnabelSecurities holdings statisticsEuropean economic associationAmerican economic associationExecutive boardAnnual congressHoldings statisticsEuropean economic reviewWorking paper seriesAmerican economic journalFinancial stability board

The aftermath of sovereign debt crises | VOX, CEPR Policy Portal

Rui Esteves, Seán Kenny, Jason Lennard 20 July 2021 There is little consensus on the macroeconomic impacts of sovereign debt crises, despite the regularity of such events. This column quantifies the aggregate costs of defaults using a narrative approach on a large panel of 50 sovereigns between 1870 and 2010. It estimates significant and persistent negative effects of debt crises starting at 1.6% of GDP and peaking at 3.3%, before reverting to trend five years later. In addition, underlying causes matter. Defaults driven by aggregate demand shocks result in short-term contractions, whereas aggregate supply shocks lead to larger, more persistent losses. Nicola Gennaioli, Alberto Martin, Stefano Rossi

United statesUnited kingdomThomas griesaJournal of the european economic associationPrinceton universityEmpirical research on sovereign debtJournal of international moneyJournal of international economicsPrinceton university pressJournal of development economicsFinancial timesCanada technical reportSovereign defaults hurtOpen economies reviewPo gourinchasCt hsieh

Gender pay gap means fewer female candidates on the ballot

Credit: Paolo Tonato A new study by Thomas Le Barbanchon and Julien Sauvagnat, two Associate Professors at Bocconi University, published in the Journal of the European Economic Association, finds that electoral districts with a larger gender pay gaps show favoritism toward male political candidates in Parliamentary elections, with fewer female candidates on the ballot. Professors Le Barbanchon and Sauvagnat gathered data for seven parliamentary elections in France between 1988 and 2017. They studied candidates from the Left and Right political coalitions, which account for 80% of elected members of Parliament. The researchers consulted administrative and web data on candidates and electoral outcomes, survey data on voters attitude towards gender, as well as census data on earnings, and voters demographics across electoral districts.

Thomas le barbanchonJulien sauvagnatLe barbanchonJournal of the european economic associationProfessors at bocconi universityAssociate professorsBocconi universityEuropean economic associationParity lawஇதழ் ஆஃப் தி ஐரோப்பிய பொருளாதார சங்கம்இணை ப்ரொஃபெஸ்ஸர்ஸ்போக்கோணி பல்கலைக்கழகம்ஐரோப்பிய பொருளாதார சங்கம்சமநிலை சட்டம்