Wintertime for Deceptive Advertising?

By Jonathan Zinman and Eric Zitzewitz

American Economic Journal: Applied Economics, January 2016

Casual empiricism suggests that deceptive advertising about product quality is prevalent, and several classes of theories explore its causes and consequences. We provide unusually sharp empirical evidence on its extent, mechanics, and dynamics. Ski resort...

Are Sticky Prices Costly? Evidence from the Stock Market

By Yuriy Gorodnichenko and Michael Weber

American Economic Review, January 2016

We show that after monetary policy announcements, the conditional volatility of stock market returns rises more for firms with stickier prices than for firms with more flexible prices. This differential reaction is economically large and strikingly robust...

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Policy interventions in conflict areas

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Do cash transfer programs foster peace or fuel violence in unstable regions?

Katharine Abraham, Distinguished Fellow 2020

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Immigration Policies, Backlash, and School Bullying

By Catalina Amuedo-Dorantes and Esther Arenas-Arroyo

AEA Papers and Proceedings, May 2024

Bullying against Hispanic students is on the rise. We examine how immigration policies perceived as granting a racial advantage, as might be the case with sanctuary policies, impact bullying. Using administrative school data, we find that sanctuary polici...

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