This paper by Blueprint Director Joshua Angrist, Alberto Abadie, Brigham Frandsen, and Jörn-Steffen Pischke surveys econometric innovations related to differences-in-differences estimators and to event-study models with time-varying treatment effects. The researchers discussion highlights...

This paper evaluates the effect of the Russian invasion of Ukraine in February 2022 on refinery margins, i.e. the difference between wholesale prices for road fuels (gasoline and diesel) and oil prices in Europe and Germany in particular. Following the Russian invasion of Ukraine, wholesale road...

This paper evaluates the effect of the Russian invasion of Ukraine in February 2022 on refinery margins, i.e. the difference between wholesale prices for road fuels (gasoline and diesel) and oil prices in Europe and Germany in particular. Following the Russian invasion of Ukraine, wholesale road...

We analyze 481 speeches by FOMC members since 2007, excluding official press conferences. Combining high-frequency financial data with text analysis, we identify monetary policy surprises and measure each speech's similarity to the Chair's press conference preceding it. On average, monetary...

The environmental footprint of cryptocurrency networks, particularly the electricity-intensive Bitcoin (BTC) blockchain, has raised growing concern among policymakers, investors, and environmental organizations. This study examines how major global environmental events and climate policy...

This paper examines the market reaction to the approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs), focusing on the return dynamics of a functionally diverse types of leading cryptocurrencies, including coins (BTC, BCH, LTC, XRP), smart contract platforms (ETH, ADA, AVAX), and...

This study examines the impact of Conference of the Parties (COP) summits on innovation using an event study framework. Innovation is measured by patent grants, distinguishing between the total number of patents and the number of patents in environmental technologies, based on the World...

We show that the widespread approach to estimate the career costs of motherhood – so called “child penalties” – is prone to produce biased results, as it pools first-time mothers of all ages without accounting for their differences in characteristics and outcomes. We propose a novel...

Extreme weather events are becoming more frequent with climate change, yet cold stress events remain understudied. I use the 2021 Texas freeze to examine household adaptation to extreme weather-induced blackouts, focusing on (1) adaptation uptake, (2) socio-economic disparities in adaptive...

We show that the widespread approach to estimate the career costs of motherhood - so- called "child penalties" - is prone to produce biased results, as it pools first-time mothers of all ages without accounting for their differences in characteristics and outcomes. We propose a novel method...

The introduction of the EU Carbon Border Adjustment Mechanism (CBAM) has triggered statistically significant negative stock market responses for firms within the EU. Comparing EU customers that have non-EU suppliers in CBAM-affected industries with their non- treated peers in the control group,...

Financial markets are filled with rumors because of information asymmetry. Although issuing clarification announcements is the most straightforward approach for organizations, previous research has mostly focused on analyzing the influence of rumors and the heterogeneity of their clarification...