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Junqué de FortunyEnric, MartensDavid, and ProvostFoster. Big Data. December 2013, 1(4): 215-226. doi:10.1089/big.2013.0037. Published in Volume: 1 Issue 4: January 7, 2014 Online Ahead of Print: October 24, 2013. “With the increasingly widespread collection and processing of “big data,” there is natural interest in using these data assets to improve decision making. One of the best understood ways to …
“In this business report, MIT Technology Review explores a big question: how are data and the analytical tools to manipulate it changing decision making today? On Nasdaq, trading bots exchange a billion shares a day. Online, advertisers bid on hundreds of thousands of keywords a minute, in deals greased by heuristic solutions and optimization models rather than two-martini …
Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries, Ernesto Crivelli; Sanjeev Gupta. January 2014. “This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992-2009 to analyze the impact of expanding resource revenues on different types of domestic (non resource) tax revenues. Overall, we find a statistically significant negative …
News release: “The OECD area employment rate in the third quarter of 2013 – defined as the share of people of working-age who are in employment – increased for the second consecutive quarter (by 0.1 percentage point to 65.2%). In the euro area, the employment rate rose for the first time since the second quarter …
Via Freshfields Bruckhaus Deringer: “As global economies slowly emerge from recession, we see regulators promoting competitive markets, and asserting consumer protection concerns, in an increasingly wide range of sectors. More than ever before, authorities are using antitrust and other regulatory powers for broader political and economic purposes – to promote competition and restrain inflation as …
“The Department of Commerce has released a new infographic, International Trade Between U.S. and Canada, which celebrates the world’s largest and most comprehensive trading relationship. It illustrates the top U.S. imports from and exports to Canada and presents an annual time series of data on trade between the two neighbors. The time begins shortly after …
Coping with policy normalization in high-income countries, January 2014 “The report describes a global economy that is at a turning point. For the first time in five years, there are indications that a self-sustaining recovery has begun among high-income countries – suggesting that they may now join developing countries as a second engine of growth in …
Discount Window Stigma during the 2007-2008 Financial Crisis. by Olivier Armantier. Eric Ghysels, Asani Sarkar, and Jeffrey Shrader. January 2011 Number 483. Revised September 2013 “We provide empirical evidence for the existence, magnitude, and economic cost of stigma associated with banks borrowing from the Federal Reserve’s Discount Window (DW) during the 2007-08 financial crisis. We find that banks were willing to pay a premium …
Jason Bram and Richard Deitz: “Today, the Federal Reserve Bank of New York begins releasing its monthly survey of regional business activity, called the Business Leaders Survey. This survey is a close cousin of our Empire State Manufacturing Survey, with some differences. The Business Leaders Survey covers the service sector rather than the manufacturing sector, and its respondents come from New York, …
CFA Calls on Fifth Third Bank to Discontinue Deposit Advance Product: “In a positive step forward for consumers, three of the largest providers of bank payday loans announced that they would no longer offer high-cost loans to their checking account customers. Recent findings from a report issued by the Consumer Financial Protection Bureau found that bank payday loans, commonly …
The Effect of Fundamental Housing Policy Reforms on Program Participation, Edgar O. Olsen, University of Virginia – Department of Economics. January 14, 2014 “This paper estimates the effects of alternative reforms of the current system of low-income housing assistance on the number of people of various types who would receive assistance. The reforms are designed to eliminate the …
H.R. 3547 – Consolidated Appropriations Act, 2014. The measure is the vehicle for FY2014 consolidated appropriations. The House Committee on Rules has posted explanatory material and texts.
