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Statement Of James R. Wigand Director Office Of Complex Financial Institutions On Improving Cross Border Resolution To Better Protect Taxpayers And The Economy, James R. Wigand May 2013

Statement Of James R. Wigand Director Office Of Complex Financial Institutions On Improving Cross Border Resolution To Better Protect Taxpayers And The Economy, James R. Wigand

Documents

No abstract provided.


Press Release: Imf Executive Board Approves E1 Billion Arrangement Under Extended Fund Facility For Cyprus, International Monetary Fund (Imf) May 2013

Press Release: Imf Executive Board Approves E1 Billion Arrangement Under Extended Fund Facility For Cyprus, International Monetary Fund (Imf)

Documents

No abstract provided.


Eleventh Decree For Temporary Restrictive Measures On Transactions, Central Bank Of Cyprus May 2013

Eleventh Decree For Temporary Restrictive Measures On Transactions, Central Bank Of Cyprus

Documents

No abstract provided.


Transfer Of Assets And Liabilities Of First Business Bank To The National Bank Of Greece In Accordance With Law 3601/2007, Bank Of Greece/Central Bank Of Greece May 2013

Transfer Of Assets And Liabilities Of First Business Bank To The National Bank Of Greece In Accordance With Law 3601/2007, Bank Of Greece/Central Bank Of Greece

Documents

No abstract provided.


Japan To Normalize Short-Selling Regulations, Sadakazu Osaki May 2013

Japan To Normalize Short-Selling Regulations, Sadakazu Osaki

Documents

No abstract provided.


Tarp Monthly Report To Congress - April 2013, United States: Department Of The Treasury May 2013

Tarp Monthly Report To Congress - April 2013, United States: Department Of The Treasury

Documents

No abstract provided.


China Monetary Policy Report 2013 Q1, People's Bank Of China: Monetary Policy Analysis Group May 2013

China Monetary Policy Report 2013 Q1, People's Bank Of China: Monetary Policy Analysis Group

Documents

No abstract provided.


The Role Of Tarp Assistance In The Restructuring Of General Motors, Bill Canis, Baird Webel May 2013

The Role Of Tarp Assistance In The Restructuring Of General Motors, Bill Canis, Baird Webel

Documents

U.S. Auto Industry Bailout: Restructuring of General Motors


U.S. Government Financial Support For General Motors Through The Troubled Asset Relief Program, Bill Canis, Baird Webel May 2013

U.S. Government Financial Support For General Motors Through The Troubled Asset Relief Program, Bill Canis, Baird Webel

Documents

No abstract provided.


Nama Bonds, Houses Of The Oireachtas May 2013

Nama Bonds, Houses Of The Oireachtas

Documents

No abstract provided.


Subsidizing Price Discovery, Braz Camargo, Kyungmin Kim, Benjamin R. Lester May 2013

Subsidizing Price Discovery, Braz Camargo, Kyungmin Kim, Benjamin R. Lester

Documents

No abstract provided.


Exchange Of Views With The Economic And Monetary Affairs Committee Of The European Parliament On Financial Assistance To Cyprus, European Central Bank May 2013

Exchange Of Views With The Economic And Monetary Affairs Committee Of The European Parliament On Financial Assistance To Cyprus, European Central Bank

Documents

No abstract provided.


Exchange Of Views With The Economic And Monetary Affairs Committee Of The European Parliament On Financial Assistance To Cyprus, European Central Bank May 2013

Exchange Of Views With The Economic And Monetary Affairs Committee Of The European Parliament On Financial Assistance To Cyprus, European Central Bank

Documents

No abstract provided.


State Aid Sa.35460 (2013/Nn), European Union: European Commission May 2013

State Aid Sa.35460 (2013/Nn), European Union: European Commission

Documents

No abstract provided.


From Practical Woodsman To Professional Forester: Henry S. Graves And The Professionalization Of Forestry In The United States, 1900-1920, Brendan D. Ross May 2013

From Practical Woodsman To Professional Forester: Henry S. Graves And The Professionalization Of Forestry In The United States, 1900-1920, Brendan D. Ross

Kaplan Senior Essay Prize for Use of Library Special Collections

This research paper looks at the life and career of Henry S. Graves (1871-1951), the founding dean of the Yale Forest School who, along with Gifford Pinchot, lead efforts to professionalize forest science in the United States. In working to bring a new applied science to the U.S., Graves sought to legitimize forestry within academia, federal bureaucracy, and the communities of the American West. Graves’ diverse career adds rich context to the environmental history of forestry and the history of professionalization. Drawing on Graves’ extensive archives, from his work at the Yale Forest School to his time as second chief …


Who Governed Yale? Kingman Brewster And Higher Education In The 1970s, Nathaniel Zelinsky May 2013

Who Governed Yale? Kingman Brewster And Higher Education In The 1970s, Nathaniel Zelinsky

Kaplan Senior Essay Prize for Use of Library Special Collections

Relying on archival material and oral history, this essay examines two committees at Yale in the 1970s as case studies in how University President Kingman Brewster reshaped the school after the student unrest of the long 1960s. The first committee, led by the political scientist Robert Dahl, endorsed the equal admission of female students in 1972. The second committee, chaired by historian C. Vann Woodward, composed a nationally renowned report on the importance of “unfettered” free expression at the university in 1974-5. I show how each of these committees was a carefully calibrated political tool that allowed Brewster to moderate …


Problems Of Sample-Selection Bias In The Historical Heights Literature: A Theoretical And Econometric Analysis, Howard Bodenhorn, Timothy Guinnane, Thomas A. Mroz May 2013

Problems Of Sample-Selection Bias In The Historical Heights Literature: A Theoretical And Econometric Analysis, Howard Bodenhorn, Timothy Guinnane, Thomas A. Mroz

Discussion Papers

No abstract provided.


Mixed Method Evaluation Of A Passive Mhealth Sexual Information Texting Service In Uganda, Julian Jamison, Dean Karlan, Pia Raffler May 2013

Mixed Method Evaluation Of A Passive Mhealth Sexual Information Texting Service In Uganda, Julian Jamison, Dean Karlan, Pia Raffler

Discussion Papers

No abstract provided.


Long-Run Price Elasticities Of Demand For Credit: Evidence From A Countrywide Field Experiment In Mexico, Dean Karlan, Jonathan Zinman May 2013

Long-Run Price Elasticities Of Demand For Credit: Evidence From A Countrywide Field Experiment In Mexico, Dean Karlan, Jonathan Zinman

Discussion Papers

No abstract provided.


Win Some Lose Some? Evidence From A Randomized Microcredit Program Placement Experiment By Compartamos Banco, Manuela Angelucci, Dean Karlan, Jonathan Zinman May 2013

Win Some Lose Some? Evidence From A Randomized Microcredit Program Placement Experiment By Compartamos Banco, Manuela Angelucci, Dean Karlan, Jonathan Zinman

Discussion Papers

No abstract provided.


The Limits Of Price Discrimination, Dirk Bergemann, Benjamin Brooks, Stephen Morris May 2013

The Limits Of Price Discrimination, Dirk Bergemann, Benjamin Brooks, Stephen Morris

Cowles Foundation Discussion Papers

We analyze the welfare consequences of a monopolist having additional information about consumers’ tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out “third degree price discrimination.” We show that the segmentation and pricing induced by the additional information can achieve every combination of consumer and producer surplus such that: (i) consumer surplus is non-negative, (ii) producer surplus is at least as high as profits under the uniform monopoly price, and (iii) total surplus does not exceed the surplus generated by efficient trade.


Sieve Wald And Qlr Inferences On Semi/Nonparametric Conditional Moment Models, Xiaohong Chen, Demian Pouzo May 2013

Sieve Wald And Qlr Inferences On Semi/Nonparametric Conditional Moment Models, Xiaohong Chen, Demian Pouzo

Cowles Foundation Discussion Papers

This paper considers inference on functionals of semi/nonparametric conditional moment restrictions with possibly nonsmooth generalized residuals, which include all of the (nonlinear) nonparametric instrumental variables (IV) as special cases. For these models it is often difficult to verify whether a functional is regular (i.e., root-n estimable) or irregular (i.e., slower than root-n estimable). We provide computationally simple, unified inference procedures that are asymptotically valid regardless of whether a functional is regular or not. We establish the following new useful results: (1) the asymptotic normality of a plug-in penalized sieve minimum distance (PSMD) estimator of a (possibly irregular) functional; (2) the …


Sieve Wald And Qlr Inferences On Semi/Nonparametric Conditional Moment Models, Xiaohong Chen, Demian Pouzo May 2013

Sieve Wald And Qlr Inferences On Semi/Nonparametric Conditional Moment Models, Xiaohong Chen, Demian Pouzo

Cowles Foundation Discussion Papers

This paper considers inference on functionals of semi/nonparametric conditional moment restrictions with possibly nonsmooth generalized residuals, which include all of the (nonlinear) nonparametric instrumental variables (IV) as special cases. These models are often ill-posed and hence it is difficult to verify whether a (possibly nonlinear) functional is root- n estimable or not. We provide computationally simple, unified inference procedures that are asymptotically valid regardless of whether a functional is root- n estimable or not. We establish the following new useful results: (1) the asymptotic normality of a plug-in penalized sieve minimum distance (PSMD) estimator of a (possibly nonlinear) functional; (2) …


Sieve Quasi Likelihood Ratio Inference On Semi/Nonparametric Conditional Moment Models, Xiaohong Chen, Demian Pouzo May 2013

Sieve Quasi Likelihood Ratio Inference On Semi/Nonparametric Conditional Moment Models, Xiaohong Chen, Demian Pouzo

Cowles Foundation Discussion Papers

This paper considers inference on functionals of semi/nonparametric conditional moment restrictions with possibly nonsmooth generalized residuals. These models belong to the difficult (nonlinear) ill-posed inverse problems with unknown operators, and include all of the (nonlinear) nonparametric instrumental variables (IV) as special cases. For these models it is generally difficult to verify whether a functional is regular (i.e., root-n estimable) or irregular (i.e., slower than root-n estimable). In this paper we provide computationally simple, unified inference procedures that are asymptotically valid regardless of whether a functional is regular or irregular. We establish the following new results: (1) the asymptotic normality of …


The Limits Of Price Discrimination, Dirk Bergemann, Benjamin Brooks, Stephen Morris May 2013

The Limits Of Price Discrimination, Dirk Bergemann, Benjamin Brooks, Stephen Morris

Cowles Foundation Discussion Papers

We analyze the welfare consequences of a monopolist having additional information about consumers’ tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out “third degree price discrimination.” We show that the segmentation and pricing induced by the additional information can achieve every combination of consumer and producer surplus such that: (i) consumer surplus is non-negative, (ii) producer surplus is at least as high as profits under the uniform monopoly price, and (iii) total surplus does not exceed the surplus generated by efficient trade.


The Limits Of Price Discrimination, Dirk Bergemann, Benjamin Brooks, Stephen Morris May 2013

The Limits Of Price Discrimination, Dirk Bergemann, Benjamin Brooks, Stephen Morris

Cowles Foundation Discussion Papers

We analyze the welfare consequences of a monopolist having additional information about consumers’ tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out “third degree price discrimination.” We show that the segmentation and pricing induced by the additional information can achieve every combination of consumer and producer surplus such that: (i) consumer surplus is non-negative, (ii) producer surplus is at least as high as profits under the uniform monopoly price, and (iii) total surplus does not exceed the efficient gains from trade. As well as characterizing …


The Limits Of Price Discrimination, Dirk Bergemann, Benjamin Brooks, Stephen Morris May 2013

The Limits Of Price Discrimination, Dirk Bergemann, Benjamin Brooks, Stephen Morris

Cowles Foundation Discussion Papers

We analyze the welfare consequences of a monopolist having additional information about consumers’ tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out “third degree price discrimination.” We show that the segmentation and pricing induced by the additional information can achieve every combination of consumer and producer surplus such that: (i) consumer surplus is non-negative, (ii) producer surplus is at least as high as profits under the uniform monopoly price, and (iii) total surplus does not exceed the efficient gains from trade. As well as characterizing …


Likelihood Inference In Some Finite Mixture Models, Xiaohong Chen, Maria Ponomareva, Elie Tamer May 2013

Likelihood Inference In Some Finite Mixture Models, Xiaohong Chen, Maria Ponomareva, Elie Tamer

Cowles Foundation Discussion Papers

Parametric mixture models are commonly used in applied work, especially empirical economics, where these models are often employed to learn for example about the proportions of various types in a given population. This paper examines the inference question on the proportions (mixing probability) in a simple mixture model in the presence of nuisance parameters when sample size is large. It is well known that likelihood inference in mixture models is complicated due to 1) lack of point identification, and 2) parameters (for example, mixing probabilities) whose true value may lie on the boundary of the parameter space. These issues cause …


Reflections On Finance And The Good Society, Robert J. Shiller May 2013

Reflections On Finance And The Good Society, Robert J. Shiller

Cowles Foundation Discussion Papers

After the financial crisis that began in 2007 many have expressed renewed doubts about the basic goodness of the financial sectors, doubts related to deeply-held moral principles and traditions of larger society. We need to reconcile these doubts with financial practice. We must acknowledge the important principle of reciprocity. We must understand that there are natural human tendencies towards aggression and hoarding, which no financial institutions and codes of ethics can completely eliminate. We must appreciate the important role of professional organizations in moderating these tendencies. When these principles are made part of financial education we can expect better public …


National Reform Programme 2013-2014, Slovenia May 2013

National Reform Programme 2013-2014, Slovenia

Documents

No abstract provided.