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Ratings and Asset Allocation : An Experimental Analysis
McDonald, Robert L. - 2018
Investment ratings (e.g., by Morningstar) provide a simple ordinal scale (e.g., 1 to 5) for comparing investments. Typically, ratings are assigned within categories -- groups of assets sharing common characteristics -- but using the same ordinal scale for all groups. Comparing such categorized...
Persistent link: https://www.econbiz.de/10012480699
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Log-linear Approximation versus an Exact Solution at the ZLB in the New Keynesian Model
Eggertsson, Gauti B. - 2016
How accurate is a log-linear approximation of the New Keynesian model when the nominal interest rate is bounded by zero? This paper compares the solution of the exact non-linear model to the log-linear approximation. It finds that the difference is modest. This applies even for extreme events in...
Persistent link: https://www.econbiz.de/10012455896
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Interaction Effects and Difference-in-Difference Estimation in Loglinear Models
Mullahy, John - 1999
In applied econometric work, analysts are concerned often with estimation of and inferences about interaction effects, e.g. 'Does the magnitude of the effect of z1 on y depend on z2? ' This paper develops tests for and proper interpretation of various forms of interaction effects in one...
Persistent link: https://www.econbiz.de/10012471373
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The flow-of-funds approach to social accounting : appraisal, analysis, and applications
1962 - Nachdr. der Ausg. 1962
Persistent link: https://www.econbiz.de/10001464237
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Adoption of CSR and Sustainability Reporting Standards : Economic Analysis and Review
Christensen, Hans B. - 2019
This study provides an economic analysis of the determinants and consequences of corporate social responsibility (CSR …-CSR) literatures in accounting, economics, finance, and management. Based on a discussion of the fundamental economic forces at play …
Persistent link: https://www.econbiz.de/10012480115
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The Real Effects of Mandatory CSR Disclosure on Emissions : Evidence from the Greenhouse Gas Reporting Program
Yang, Lavender; Muller, Nicholas Z.; Liang, Pierre Jinghong - National Bureau of Economic Research - 2021
primary channel through which mandatory Corporate Social Responsibility (CSR) reporting programs affect firm behavior …
Persistent link: https://www.econbiz.de/10012599274
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From Flat to Fair? : The Effects of a Progressive Tax Reform
Ajzenman, Nicolas; Cruces, Guillermo; Perez-Truglia, Ricardo - National Bureau of Economic Research - 2024
This paper investigates the impact of a progressive tax reform on tax compliance. We leverage a major progressive tax reform in a large Argentine municipality. First, we use a quasi-experimental design to estimate the causal effect of changes in a household's own tax rates on its tax compliance....
Persistent link: https://www.econbiz.de/10015171689
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International Borrowing and Macroeconomic Performance in Argentina
Dominguez, Kathryn M.E. - 2005
This paper provides an overview of the major economic events in Argentina from the adoption of the convertibility plan … currency board and capital flows, and the inescapable link between fiscal and monetary policy. Argentina inadvertently entered … late 1990s, when Argentina went into recession, it required some sort of stimulus -- either a loosening of monetary policy …
Persistent link: https://www.econbiz.de/10012467330
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Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile
Calvo, Guillermo A. - 2005
statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August … 1998, it did not suffer the excruciating collapse suffered by Argentina, where even the payments system came to a full stop …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer …
Persistent link: https://www.econbiz.de/10012467532