This paper analyzes the spillover effects of U.S. monetary policy announcements on emerging market economies since end-2008, the period coinciding with the use of unconventional policy measures. Monetary policy surprises are measured by changes in two-year Treasury yields in short windows of...

Chief Executive Officer (CEO) salaries are a topic of interest among the public and academics in the US as well as the world over. They have also been studied by many academics but few have looked at CEO pay in the fashion business. Executive Fashion is a pioneering study of executive...

Frontmatter -- Contents -- Prologue: Bad Bet—New Jersey And The Revel Atlantic City Fiasco -- Part I. Dens Of Thieves: Government Muscles Out The Mob -- 1. The Sport Of Kings: Horse Racing And The Dark Power Of The Wire -- 2. Golden Ticket: State-Run Lotteries Topple Illegal Numbers Rackets --...

We estimate the market value of reproductive rights as capitalized into U.S. housing markets. We do so using a synthetic difference-in-differences design to evaluate the effects of total abortion bans following the 2022 Dobbs decision, and drawing on housing market indices from Zillow and...

Online loan marketplaces are changing consumer lending. Here we investigate consumer behavior in these markets with near-zero search costs. Using administrative data on 730,000 applications, 750,000 offers, and 200,000 individuals, together with credit registry records, we document four facts....