SPEAKER & DISCUSSANT BIOS Session 1
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Street Prostitution Zones and Crime
UvA-DARE (Digital Academic Repository) Street prostitution zones and crime Bisschop, P.; Kastoryano, S.; van der Klaauw, B. DOI 10.1257/pol.20150299 Publication date 2017 Document Version Final published version Published in American Economic Journal. Economic Policy License Other Link to publication Citation for published version (APA): Bisschop, P., Kastoryano, S., & van der Klaauw, B. (2017). Street prostitution zones and crime. American Economic Journal. Economic Policy, 9(4), 28-63. https://doi.org/10.1257/pol.20150299 General rights It is not permitted to download or to forward/distribute the text or part of it without the consent of the author(s) and/or copyright holder(s), other than for strictly personal, individual use, unless the work is under an open content license (like Creative Commons). Disclaimer/Complaints regulations If you believe that digital publication of certain material infringes any of your rights or (privacy) interests, please let the Library know, stating your reasons. In case of a legitimate complaint, the Library will make the material inaccessible and/or remove it from the website. Please Ask the Library: https://uba.uva.nl/en/contact, or a letter to: Library of the University of Amsterdam, Secretariat, Singel 425, 1012 WP Amsterdam, The Netherlands. You will be contacted as soon as possible. UvA-DARE is a service provided by the library of the University of Amsterdam (https://dare.uva.nl) Download date:02 Oct 2021 American Economic Journal SUMIT AGARWAL, NATHAN MARWELL, AND LESLIE MCGRANAHAN Consumption Responses to Temporary Tax Incentives: Evidence from State Sales Tax Holidays PAUL BISSCHOP, STEPHEN KASTORYANO, AND BAS VAN DER KLAAUW Economic Policy Economic Policy Street Prostitution Zones and Crime CHAD P. -
CURRICULUM VITAE A. Craig Burnside
CURRICULUM VITAE A. Craig Burnside Duke University Department of Economics Durham, NC 27708–0097 PROFESSIONAL EXPERIENCE • Mary Grace Wilson Professor, Duke University, 2018–. Chair, Department of Economics, Duke University, 2015–2020. Professor, Department of Economics, Duke University, 2004–. • Professor, Department of Economics, University of Virginia, 2002–04. • Lead Economist, PREM-Economic Policy, World Bank, 2001–02. Senior Economist, Development Research Group, World Bank, 1999–2001. Economist, Development Research Group, World Bank, 1995–99. • Assistant Professor, Department of Economics, University of Pittsburgh, 1992–95. • Assistant Professor, Department of Economics, Queen's University, 1991–92. Lecturer, 1990–91. • Research Professor of Economics, Adam Smith Business School, University of Glasgow, 2011–. • Research Associate, National Bureau of Economic Research (EFG & IFM) • Visiting Professor, Department of Economics, University of California San Diego, 2001. • Visiting Professor, Department of Economics, Johns Hopkins University, 2000. • National Fellow, Hoover Institution, Stanford University, 1998–99. EDUCATION Ph.D., Economics, Northwestern University, 1991. (M.A., 1990) B.A. (Hons), Economics, University of British Columbia, 1985. EDITORIAL POSITIONS • Board of Editors, American Economic Review, 2001–06, 2011–2020. • Associate Editor, Review of Economics and Statistics, 2012–2015. • Co-Editor, Canadian Journal of Economics, 2007–10. • Associate Editor, Journal of Money, Credit and Banking, 2003–11. PUBLICATIONS AND PAPERS Published Articles • “On the Asset Market View of Exchange Rates,” with Jeremy Graveline. Review of Financial Studies. 33(1), 2020, 239-60. • “Understanding Booms and Busts in Housing Markets,” with Martin Eichenbaum and Sergio Rebelo. Journal of Political Economy 124(4), 2016, 1088-147. • “Identification and Inference in Linear Stochastic Discount Factor Models with Excess Returns,” Journal of Financial Econometrics 14(2), 2016, 295-330. -
Nber Working Paper Series Do Equilibrium Real Business
NBER WORKING PAPER SERIES DO EQUILIBRIUM REAL BUSINESS CYCLE THEORIES EXPLAIN POST-WAR U.S. BUSINESS CYCLES? Martin Eichenbaum Kenneth J. Singleton Working Paper No. 1932 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 May 1986 We have benefited from helpful discussions with Lars Hansen, Bennett McCallum, Allan Meltzer, Dan Peled, Michael Woodford, and our discussants Robert Barro and Greg Mankiw. Research assistance was provided by Kun-hong Kim and David Marshall. The research reported here is part of the NBER's research program in Economic Fluctuations. Any opinions expressed are those of the authors and not those of the National Bureau of Economic Research. Working Paper #1932 May 1986 Do Equilibrium Real Business Cycle Theories Explain Post-War U.S. Business Cycles? ABSTRACT This paper presents and interprets some rw evidenceon the validity of the Real Business Cycle approach to businesscycle analysis. The analysis is conducted in the context of a nnetary businesscycle model which makes explicit one potential link between monetary policy and realallocations. This model is used to interpret Granger causal relationsbetween nominal and real aggregates. Perhaps the nost strikingempirical finding is that money growth does not Granger cause output growth in the context of several multivariate VARs and for various sample periodsduring the post war period in the U.S. Several possible reconciliations of thisfinding with both real and monetary business cycles models are discussed. We find that it is difficult to reconcile our npirical results with the view thatexogenous monetary shocks were an important independent source of variationin output growth. Martin Eichenbaum Kenneth J. -
Currency Crisis Models
1 CURRENCY CRISIS MODELS Craig Burnside, Martin Eichenbaum, and Sergio Rebelo The New Palgrave: A Dictionary of Economics, 2nd Edition February 2007 There have been many currency crises during the post-war era (see Kaminsky and Reinhart, 1999). A currency crisis is an episode in which the exchange rate depreciates substantially during a short period of time. There is an extensive literature on the causes and consequences of a currency crisis in a country with a fixed or heavily managed exchange rate. The models in this literature are often categorized as first-, second- or third-generation. In first-generation models the collapse of a fixed exchange rate regime is caused by unsustainable fiscal policy. The classic first-generation models are those of Krugman (1979) and Flood and Garber (1984). These models are related to earlier work by Henderson and Salant (1978) on speculative attacks in the gold market. Important extensions of these early models incorporate consumer optimization and the government’s intertemporal budget constraint into the analysis (see Obstfeld, 1986; Calvo, 1987; Drazen and Helpman, 1987; Wijnbergen, 1991). Flood and Marion (1999) provide a detailed review of first-generation models. In a fixed exchange rate regime a government must fix the money supply in accordance with the fixed exchange rate. This requirement severely limits the government’s ability to raise seigniorage revenue. A hallmark of first-generation models is that the government runs a persistent primary deficit. This deficit implies that the government must either deplete assets, such as foreign reserves, or borrow to finance the deficit. It is infeasible for the government to borrow or deplete reserves indefinitely. -
Explaining the Boom-Bust Cycle in the U.S. Housing Market: a Reverse-Engineering Approach.” Federal Reserve Bank of San Francisco Working Paper 2015-02
FEDERAL RESERVE BANK OF SAN FRANCISCO WORKING PAPER SERIES Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach Paolo Gelain European Central Bank Norges Bank Kevin J. Lansing Federal Reserve Bank of San Francisco Gisle J. Natvik BI Norwegian Business School February 2018 Working Paper 2015-02 http://www.frbsf.org/economic-research/publications/working-papers/2015/02/ Suggested citation: Gelain, Paolo, Kevin J. Lansing and Gisle J.Natvik. 2018. “Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach.” Federal Reserve Bank of San Francisco Working Paper 2015-02. https://doi.org/10.24148/wp2015-02 The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System. Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach Paolo Gelainy Kevin J. Lansingz Gisle J. Natvikx February 23, 2018 Abstract We use a quantitative asset pricing model to “reverse-engineer”the sequences of shocks to housing demand and lending standards needed to replicate the boom-bust patterns in U.S. housing value and mortgage debt from 1993 to 2015. Conditional on the observed paths for U.S. real consumption growth, the real mortgage interest rate, and the supply of residential fixed assets, a specification with random walk expectations outperforms one with rational expectations in plausibly matching the patterns in the data. Counterfactual simulations show that shocks to housing demand, housing supply, and lending standards were important, but movements in the mortgage interest rate were not. -
NBER Reporter NATIONAL BUREAU of ECONOMIC RESEARCH
NBER Reporter NATIONAL BUREAU OF ECONOMIC RESEARCH Reporter OnLine at: www.nber.org/reporter 2013 Number 4 The 2013 Martin Feldstein Lecture Economic Possibilities for Our Children Lawrence H. Summers* This is the 40th anniversary of the summer when I first met Marty Feldstein and went to work for him. I learned from working under Marty’s auspices that empirical economics was a profoundly important thing, that it had the opportunity to illuminate the world in important ways, that it had the opportunity to change people’s perspectives as they thought about economic problems, and that the successful solution or resolution of eco- nomic problems didn’t happen with the immediacy with which a doctor treated a patient, but did touch and affect the lives of hundreds of thou- sands, if not millions, of people. Lawrence H. Summers I learned about how to approach economic research from watching Marty. There is a central element that has been a part of his approach to IN THIS ISSUE economics, and it has always been a part of mine, both as an economist and a policymaker. It is the approach of many in our profession, but not all. The Martin Feldstein Lecture 1 This is the belief that we cannot aspire to know the world with complete precision; that no single parameter will measure with precision how our Research Summaries economy is going to respond to a policy or a shock. Rather, what we can The Economics of Obesity 7 aspire to establish is a combination of logic, modeling, suggestive anecdote Public Sector Retirement Plans 10 and experience, and empirical measurements from multiple different per- High-Skilled Immigration 13 spectives that lead to an overall view on economic phenomena. -
Economic Perspectives
The Journal of The Journal of Economic Perspectives Economic Perspectives The Journal of Spring 2018, Volume 32, Number 2 Economic Perspectives Symposia Does the US Really Gain from Trade? Arnaud Costinot and Andrés Rodríguez-Clare, “The US Gains From Trade: Valuation Using the Demand for Foreign Factor Services” Robert C. Feenstra, “Alternative Sources of the Gains from International Trade: Variety, Creative Destruction, and Markups” Teresa C. Fort, Justin R. Pierce, and Peter K. Schott, “New Perspectives on the Decline of US Manufacturing Employment” Dani Rodrik, “What Do Trade Agreements Really Do?” A journal of the Risk in Economics and Psychology American Economic Association Ted O’Donoghue and Jason Somerville, “Modeling Risk Aversion in Economics” Thomas Dohmen, Armin Falk, David Huffman, and Uwe Sunde, “On the Relationship 32, Number 2 Spring 2018 Volume between Cognitive Ability and Risk Preference” Hannah Schildberg-Hörisch, “Are Risk Preferences Stable?” Rui Mata, Renato Frey, David Richter, Jürgen Schupp, and Ralph Hertwig, “Risk Preference: A View from Psychology” Articles Matthew Weinzierl, “Space, the Final Economic Frontier” Daron Acemoglu, “Dave Donaldson: Winner of the 2017 Clark Medal” Features Bruce Elmslie, “Retrospectives: Adam Smith’s Discovery of Trade Gravity” Recommendations for Further Reading Spring 2018 The American Economic Association The Journal of Correspondence relating to advertising, busi- Founded in 1885 ness matters, permission to quote, or change Economic Perspectives of address should be sent to the AEA business EXECUTIVE COMMITTEE office: [email protected]. Street ad- Elected Officers and Members dress: American Economic Association, 2014 A journal of the American Economic Association President Broadway, Suite 305, Nashville, TN 37203. -
No. 37 Terri Parrish
Editors: Maryann Semer Fall 2004, No. 37 Terri Parrish This edition covers events and publications involving economists at Northwestern for the period of September 1, 2003 through August 31, 2004. Additional copies are available from the editor in Room 350, Andersen Hall. APPOINTMENTS, HONORS, AND GRANTS RON BRAEUTIGAM has been appointed Associate Dean for Undergraduate Studies in the Weinberg College of Arts and Sciences. Ron was also selected to the Associated Student Government Faculty/Administrator Honor Roll for 2004. LOUIS CAIN completed his term as President of the Illinois Economics Association in October 2003 and continued as Chairman of the Board of Trustees of the Cliometric Society. In January 2004, he was appointed an assistant editor of Macmillan’s The History of World Trade Since 1450. EDDIE DEKEL’s NSF grant “Assessment via Contests: (1) Persistence in Occupation Choice; (2) Over/Underconfidence and Interaction Levels,” was renewed for the period July 1, 2003 through June 30, 2004. Dekel continues to serve as Editor of Econometrica. JEFF ELY was awarded a Research Fellowship for the years 2003-2004 from the Alfred P. Sloan Foundation. In addition, the NSF extended funding for his project “CAREER: Economic Theory at Northwestern” for the year 2004. Jeff was named to the editorial boards of Journal of Economic Theory and BE Press Journal of Theoretical Economics. ROBERT J. GORDON has been reappointed as a Senior Member of the Brookings Panel on Economic Activity, as a member of the economic advisory panels of the Congressional Budget Office and the Bureau of Economic Analysis, and as a research affiliate of OFCE in Paris. -
Erik Loualiche
Erik Loualiche CONTACT Carlson School of Management Phone: +1-612-625-5679 INFORMATION 321 19th Avenue South, 3-117 E-mail: [email protected] Minneapolis, MN 55455 Web: loualiche.gitlab.io/www/ ACADEMIC Assistant Professor of Finance September 2017 to present APPOINTMENTS University of Minnesota, Carlson School of Management Assistant Professor of Finance July 2013 to August 2017 MIT Sloan School of Management EDUCATION Northwestern University, Evanston, IL Ph.D., Economics, June 2013 Ecole Polytechnique, Palaiseau Polytechnicien (B.Sc., M.Sc.), Applied Mathematics and Economics, June 2008 RESEARCH Asset Pricing. International trade and finance. INTERESTS PUBLISHED [1] Buyout Activity: The Impact of Aggregate Discount Rates. PAPERS with Valentin Haddad and Matthew Plosser. Journal of Finance, February 2017, 72:1 [2] The Globalization Risk Premium. with Jean-Noël Barrot and Julien Sauvagnat Journal of finance, October 2019, 74:5 [3] State and Local Government Employment in the COVID-19 Crisis. with Daniel Green Journal of Public Economics, January 2021, 193 [4] Asset Pricing with Entry and Imperfect Competition. Forthcoming at the Journal of Finance WORKING [5] Import Competition and Household Debt PAPERS with Jean-Noël Barrot, Matthew Plosser and Julien Sauvagnat Revise & Resubmit at the Journal of Finance [6] Bubbles and the Value of Innovation with Valentin Haddad and Paul Ho [7] Firm Networks in the Great Depression with Chris Vickers and Nicolas L. Ziebarth 1 of 5 [8] The Case of the Disappearing Skewness with Matthieu Gomez and Valentin -
Econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics National Bureau of Economic Research (NBER) (Ed.) Periodical Part NBER Reporter Online, Volume 2006 NBER Reporter Online Provided in Cooperation with: National Bureau of Economic Research (NBER), Cambridge, Mass. Suggested Citation: National Bureau of Economic Research (NBER) (Ed.) (2006) : NBER Reporter Online, Volume 2006, NBER Reporter Online, National Bureau of Economic Research (NBER), Cambridge, MA This Version is available at: http://hdl.handle.net/10419/61989 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu NBER Reporter NATIONAL BUREAU OF ECONOMIC RESEARCH Reporter OnLine at: www.nber.org/reporter WINTER 2006/7 Program Report IN THIS ISSUE Program Report Productivity 1 Productivity Research Summaries Exchange Rate Regimes … 10 Microeconomic Evidence on Contagion … 13 Ernst R. -
Inequality in Life and Death"+
Inequality in Life and Deathy Martin S. Eichenbaumz Sergio Rebelox Mathias Trabandt{ July 15, 2021 Abstract We argue that the Covid epidemic disproportionately a¤ected the economic well- being and health of poor people. To disentangle the forces that generated this outcome, we construct a model that is consistent with the heterogeneous impact of the Covid recession on low- and high-income people. According to our model, two thirds of the inequality in Covid deaths re‡ect pre-existing inequality in comorbidity rates and access to quality health care. The remaining third, stems from the fact that low-income people work in occupations where the risk of infection is high. Our model also implies that the rise in income inequality generated by the Covid epidemic re‡ects the nature of the goods that low-income people produce. Finally, we assess the health-income trade-o¤s associated with …scal transfers to the poor and mandatory containment policies. JEL Classi…cation: E1, I1, H0. Keywords: Epidemic, inequality, recession. We thank Laura Murphy and Federico Puglisi for excellent research assistance. yReplication codes are available on the authors’websites. zNorthwestern University and NBER. Address: Northwestern University, Department of Economics, 2211 Campus Dr, Evanston, IL 60208. USA. E-mail: [email protected]. xNorthwestern University, NBER, and CEPR. Address: Northwestern University, Kellogg School of Man- agement, 2211 Campus Dr, Evanston, IL 60208. USA. E-mail: [email protected]. {Goethe University Frankfurt, Theodor-W.-Adorno-Platz 3, 60323 Frankfurt am Main, Germany and Halle Institute for Economic Research (IWH), E-mail: [email protected]. -
Martin Stewart Eichenbaum Curriculum Vita March 2010
Martin Stewart Eichenbaum Curriculum Vita March 2010 Office Address Department of Economics Northwestern University 2003 Sheridan Road Evanston Illinois, 60208 1-847-491-8232 Degrees 1981 Ph.D. (Economics), The University of Minnesota 1976 B. Comm (Economics), McGill University Employment Assistant Professor of Economics Graduate School of Industrial Administration Carnegie Mellon University, 1981-1985. Associate Professor of Economics Graduate School of Industrial Administration Carnegie Mellon University, September 1985 - August 1987 Visiting Associate Professor of Economics Graduate School of Business, University of Chicago, September 1987 - June 1988. Professor of Economics, Northwestern University, September 1988 - present. Ethel and John Lindgren Professor of Economics, Northwestern University, September 2004 - present. Visiting Professor of Economics, Wharton School of Business, University of Pennsylvania, January 2005 - May 2005. Visiting Professor, Chicago Booth School of Business, September 2009 - June 2010. Professional Affiliations American Economics Association Consultant, Federal Reserve Bank of Chicago, Federal Reserve Bank of Atlanta. Associate Editor, Journal of Monetary Economics Associate Editor, American Economics Journal - Macro 1 Associate Editor, Journal of Money, Credit and Banking, 1993 - 2008. Honors Fellow of the Econometric Society Research Associate, National Bureau of Economic Research, Economic Fluctuations, Monetary Economics and International Finance and Macroeconomics. Member of the National Science Foundation Panel on Economics (Spring 1988 – Spring 1990). National Science Foundation Grants: 1983 - 2004, 2007 - 2008. Searle Foundation Grant, 2002 - 2004. Searle Foundation Grant, 2005 - 2006. PUBLICATIONS 1. Martin Eichenbaum, Nir Jaimovic and Sergio Rebelo, `Reference Prices and Nominal Rigidities’, forthcoming, American Economic Review. 2. David Altig, Lawrence Christiano, Martin Eichenbaum and Linde Jesper, `Firm Specific Capital, Nominal Rigidities and the Business Cycle’, forthcoming, Review of Economic Dynamics.