HAR Inference: Recommendations for Practice
The classic papers by Newey and West (1987) and Andrews (1991) spurred a large body of work on how to improve heteroscedasticity- and autocorrelation-robust (HAR) inference in time series regression.
Research
Raphael, Superstar, and His Extraordinary Prices
The patrons of Raphael, among the most powerful men in Europe, paid far more for his paintings than they did for those by most of his celebrated contemporaries.
Computer Vision and Real Estate: Do Looks Matter and Do Incentives Determine Looks
How much does the appearance of a house, or its neighbors, impact its price? Do events that impact the incentives facing homeowners, like foreclosure, impact the maintenance and appearance of a home?
Multinationals as Global Institution: Power, Authority and Relative Autonomy
This article aims to inform the long-standing and unresolved debate between voluntary corporate social responsibility and initiatives to impose binding legal obligations on multinational enterprises.
Production and Welfare: Progress in Economic Measurement
While the GDP was intended by its originators as a measure of production, the absence of a measure of welfare in the national accounts has led to widespread misuse of the GDP to proxy welfare.
US will Lack Fiscal Space to Respond when Next Recession Comes
The US economy is doing well. But the next recession – and there is always another recession – could be very bad.
Money, Millennials and Human Rights: Sustaining ‘Sustainable Investing’
The first part of this paper examines the rise and current state of ESG investing. The second addresses the conceptual and statistical weakness of the S domain.
Upping the Ante: The Equilibrium Effects of Unconditional Grants to Private Schools
We test for financial constraints as a market failure in education in a low-income country by experimentally allocating unconditional cash grants to either one (L) or to all (H) private schools in a v
Round Hole, Square Peg? Sustaining Dual Social And Commercial Goals In A Cooperative Bank
To examine how hybrid organizations make decisions that enable them to sustain the joint pursuit social and commercial goals, and how these decision-making processes unfold over time as tensions betwe
Inside a Multinational Corporation Combining Commercial and Social Objectives
This qualitative study explores whether, and if so how, a multinational corporation can organize itself to develop internal ventures that pursue blended, commercial and social, value at the base of th
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