Working Papers
-
Journal article
Financialization and U.S. Income Inequality, 1970–2008
Feb 2013
-
Grantee paper
Time Series Forecasting: Model Evaluation and Selection Using Nonparametric Risk Bounds
Nov 2012
We derive generalization error bounds — bounds on the expected inaccuracy of the predictions — for traditional time series forecasting models.
-
Grantee paper
Conventions and the European Periphery
Nov 2012
The European periphery is qualitatively dierent from the core.
-
Grantee paper
Modeling Moments of Crisis: The Case of Ireland
Nov 2012
Ireland has experienced a series of interlocking banking, fiscal, unemployment and political crises since 2007.
-
Grantee paper
Poisoning the Well, or How Economic Theory Damages Moral Imagination
Oct 2012
Contemporary mainstream economics has widely “poisoned the well” from which people get their ideas about the relationship between economics and ethics.
-
Grantee paper
Fat-Tail Distributions and Business-Cycle Models
Sep 2012
Recent empirical findings suggest that macroeconomic variables are seldom normally distributed.
-
Grantee paper
The Pricing Effects of Ambiguous Private Information
Sep 2012
Ambiguous private information leads to informational inefficiency of asset prices in rational expectations equilibrium.
-
Grantee paper
Chartbook of Economic Inequality: 25 Countries 1911-2010
Sep 2012
The purpose of this Chartbook is to present a summary of evidence about changes in economic inequality – primarily income, earnings, and wealth – for 25 countries covering a 100 year period from 1911 to 2010.
-
Grantee paper
Are Women Really More Risk-Averse than Men?
Sep 2012
While a substantial literature in economics and finance has concluded that women are more risk averse than men, this conclusion merits reconsideration.
-
Grantee paper
Would Women Leaders Have Prevented the Global Financial Crisis? Implications for Teaching about Gender, Behavior, and Economics
Sep 2012
Would having more women in leadership have prevented the financial crisis?
-
Grantee paper
Is Dismissing the Precautionary Principle the Manly Thing to Do? Gender and the Economics of Climate Change
Sep 2012
Many public debates about climate change now focus on the economic “costs” of taking action.
-
Grantee paper
Income Distribution, Credit and Fiscal Policies in an Agent-Based Keynesian Model
Aug 2012
This work studies the interactions between income distribution and monetary and fiscal policies in terms of ensuing dynamics of macro variables (GDP growth, unemployment, etc.) on the grounds of an agent-based Keynesian model.
-
Grantee paper
Method to simultaneously determine stock, flow, and parameter values in large stock flow consistent models
Jun 2012
Stock flow consistent macroeconomic models suffer from the lack of a coherent estimation method due to the complicated nature of the modeling process.
-
Grantee paper
Macroeconomic Policy in DSGE and Agent-Based Models
Jun 2012
The Great Recession seems to be a natural experiment for macroeconomics showing the inadequacy of the predominant theoretical framework — the New Neoclassical Synthesis — grounded on the DSGE model.
-
Grantee paper
The Financialization of the US Corporation: What Has Been Lost, and How It Can Be Regained
Jun 2012
Background paper for a presentation to the Seattle University School of Law Berle IV Symposiun, “The Future of Financial/Securities Markets,” London June 14-15, 2012.