Open Access. Powered by Scholars. Published by Universities.®

Digital Commons Network™

Open Access. Powered by Scholars. Published by Universities.®

Yale University

Discipline
Keyword
Publication Year
Publication
Publication Type
File Type

Articles 4381 - 4410 of 33851

Full-Text Articles in Entire DC Network

Securities Lending Of Holdings Under The Asset Purchase Programme (App) And Pandemic Emergency Purchase Programme (Pepp), European Central Bank (Ecb) Aug 2021

Securities Lending Of Holdings Under The Asset Purchase Programme (App) And Pandemic Emergency Purchase Programme (Pepp), European Central Bank (Ecb)

Documents

General PSPP securities lending framework and securities lending arrangements of the ECB


Bank Of Canada Holdings, Bank Of Canada/Central Bank Of Canada/La Banque Du Canada Aug 2021

Bank Of Canada Holdings, Bank Of Canada/Central Bank Of Canada/La Banque Du Canada

Documents

No abstract provided.


Information Markets And Nonmarkets, Dirk Bergemann, Marco Ottaviani Aug 2021

Information Markets And Nonmarkets, Dirk Bergemann, Marco Ottaviani

Cowles Foundation Discussion Papers

As large amounts of data become available and can be communicated more easily and processed more e¤ectively, information has come to play a central role for economic activity and welfare in our age. This essay overviews contributions to the industrial organization of information markets and nonmarkets, while attempting to maintain a balance between foundational frameworks and more recent developments. We start by reviewing mechanism-design approaches to modeling the trade of information. We then cover ratings, predictions, and recommender systems. We turn to forecasting contests, prediction markets, and other institutions designed for collecting and aggregating information from decentralized participants. Finally, we …


Experimental Persuasion, Ian Ball, José-Antonio Espín-Sánchez Aug 2021

Experimental Persuasion, Ian Ball, José-Antonio Espín-Sánchez

Cowles Foundation Discussion Papers

We introduce experimental persuasion between Sender and Receiver. Sender chooses an experiment to perform from a feasible set of experiments. Receiver observes the realization of this experiment and chooses an action. We characterize optimal persuasion in this baseline regime and in an alternative regime in which Sender can commit to garble the outcome of the experiment. Our model includes Bayesian persuasion as the special case in which every experiment is feasible; however, our analysis does not require concavification. Since we focus on experiments rather than beliefs, we can accommodate general preferences including costly experiments and non-Bayesian inference.


Bank Of England, Public Sector Debt And Money Markets Operations Data, Bank Of England/Central Bank Of The United Kingdom Aug 2021

Bank Of England, Public Sector Debt And Money Markets Operations Data, Bank Of England/Central Bank Of The United Kingdom

Documents

No abstract provided.


Ppplf Transaction-Specific Disclosures - 8/11/21, Federal Reserve System: Board Of Governors Aug 2021

Ppplf Transaction-Specific Disclosures - 8/11/21, Federal Reserve System: Board Of Governors

Documents

No abstract provided.


Corrective Regulation With Imperfect Instruments, Eduardo Dávila, Ansgar Walther Aug 2021

Corrective Regulation With Imperfect Instruments, Eduardo Dávila, Ansgar Walther

Cowles Foundation Discussion Papers

This paper studies the optimal design of second-best corrective regulation, when some agents or activities cannot be perfectly regulated. We show that policy elasticities and Pigouvian wedges are sufficient statistics to characterize the marginal welfare impact of regulatory policies in a large class of environments. We show that the optimal second-best policy is determined by a subset of policy elasticities: leakage elasticities, and characterize the marginal value of relaxing regulatory constraints. We apply our results to scenarios with unregulated agents/activities and with uniform regulation across agents/activities. We illustrate our results in applications to shadow banking, scale-invariant regulation, asset substitution, and …


Periodic Report: Update On Outstanding Lending Facilities Authorized By The Board Under Section 13(3) Of The Federal Reserve Act (August 10, 2021), Federal Reserve System: Board Of Governors Aug 2021

Periodic Report: Update On Outstanding Lending Facilities Authorized By The Board Under Section 13(3) Of The Federal Reserve Act (August 10, 2021), Federal Reserve System: Board Of Governors

Documents

No abstract provided.


Sigtarp About Us Webpage, United States: Office Of The Special Inspector General For The Tarp Aug 2021

Sigtarp About Us Webpage, United States: Office Of The Special Inspector General For The Tarp

Documents

No abstract provided.


The Platinum Rule Meets The Golden Minimum: Inclusive And Efficient Archival Description Of Oral Histories, Weatherly A. Stephan Aug 2021

The Platinum Rule Meets The Golden Minimum: Inclusive And Efficient Archival Description Of Oral Histories, Weatherly A. Stephan

Journal of Contemporary Archival Studies

This article presents an oral history description methodology, rooted in both extensible processing practices as well as cultural humility, that results in efficiently-processed but richly-described oral history interviews. The author explores three key questions. Is there a way to process oral history to the golden minimum? Is there a way to process oral history ethically, with an empathetic approach to narrators and the communities they originate from or discuss? And is there a way to do both at the same time? In addition to the application of this descriptive methodology, the article examines the archives and oral history professional ethics …


Parliament Passes Deposit Insurance And Credit Guarantee Corporation Amendment Bill, Press Trust Of India (Pti) Aug 2021

Parliament Passes Deposit Insurance And Credit Guarantee Corporation Amendment Bill, Press Trust Of India (Pti)

Documents

No abstract provided.


Holding Up Green Energy, Nicholas Ryan Aug 2021

Holding Up Green Energy, Nicholas Ryan

Cowles Foundation Discussion Papers

Green energy is produced by relationship-specific assets that are vulnerable to hold-up if contracts are not strictly enforced. I study the role of counterparty risk in the procurement of green energy using data on the universe of solar procurement auctions in India. The Indian context allows clean estimates of how risk affects procurement, because solar power plants set up in the same states, by the same firms, are procured in auctions variously intermediated by either risky states themselves or the central government. I find that: (i) the counterparty risk of an average state increases solar energy prices by 10%; (ii) …


History Of Fannie Mae And Freddie Mac Conservatorships, United States: Federal Housing Finance Agency (Fhfa) Aug 2021

History Of Fannie Mae And Freddie Mac Conservatorships, United States: Federal Housing Finance Agency (Fhfa)

Documents

No abstract provided.


Nonlinear Pricing With Finite Information, Dirk Bergemann, Edmund M. Yeh, Jinkun Zhang Aug 2021

Nonlinear Pricing With Finite Information, Dirk Bergemann, Edmund M. Yeh, Jinkun Zhang

Cowles Foundation Discussion Papers

We analyze nonlinear pricing with finite information. We consider a multi-product environment where each buyer has preferences over a d-dimensional variety of goods. The seller is limited to offering a finite number n of d-dimensional choices. The limited menu reflects a finite communication capacity between the buyer and seller. We identify necessary conditions that the optimal finite menu must satisfy, for either the socially efficient or the revenue-maximizing mechanism. These conditions require that information be bundled, or "quantized," optimally. We introduce vector quantization and establish that the losses due to finite menus converge to zero at a rate …


Monthly Report On Programs The Bank Of Israel Is Operating In The Financial Markets In View Of The Coronavirus Crisis - August 5, 2021, Bank Of Israel Aug 2021

Monthly Report On Programs The Bank Of Israel Is Operating In The Financial Markets In View Of The Coronavirus Crisis - August 5, 2021, Bank Of Israel

Documents

No abstract provided.


Curse Of Democracy: Evidence From The 21st Century, Yusuke Narita, Ayumi Sudo Aug 2021

Curse Of Democracy: Evidence From The 21st Century, Yusuke Narita, Ayumi Sudo

Cowles Foundation Discussion Papers

Democracy is widely believed to contribute to economic growth and public health. However, we find that this conventional wisdom is no longer true and even reversed; democracy has persistent negative impacts on GDP growth since the beginning of this century. This finding emerges from five different instrumental variable strategies. Our analysis suggests that democracies cause slower growth through less investment, less trade, and slower value-added growth in manufacturing and services. For 2020, democracy is also found to cause more deaths from Covid-19.


Greening The Archive: The Social Climate Of Cotton Manufacturing In The "Samuel Oldknow Papers, 1782-1924", Bernadette Myers, Melina Moe Aug 2021

Greening The Archive: The Social Climate Of Cotton Manufacturing In The "Samuel Oldknow Papers, 1782-1924", Bernadette Myers, Melina Moe

Journal of Contemporary Archival Studies

This article re-examines the records and correspondence of Samuel Oldknow, a late eighteenth century textile manufacturer, within the context of the environmental humanities. Oldknow’s papers, a portion of which are held at Columbia University, are most often used by economic historians to date the beginnings of the factory wage labor system. We highlight, instead, the environmental implications of Oldknow’s cotton enterprise by juxtaposing documents related to the global reach of Oldknow’s empire with evidence of his transformation of the local landscape of northern England. This process of re-scaling captures a sense of what we call the “social climate” of the …


The Fed's Emergency Lending Supports The Paycheck Protection Program, Stefanie Aschenbrenner, Dan Hartzheim, Richard Jamieson, Renee Pederson, Anna Stagg Aug 2021

The Fed's Emergency Lending Supports The Paycheck Protection Program, Stefanie Aschenbrenner, Dan Hartzheim, Richard Jamieson, Renee Pederson, Anna Stagg

Documents

No abstract provided.


The Dynamics Of The U.S. Overnight Triparty Repo Market, Mark E. Paddrik, Carlos A. Ram­Rez, Matthew J. Mccormick Aug 2021

The Dynamics Of The U.S. Overnight Triparty Repo Market, Mark E. Paddrik, Carlos A. Ram­Rez, Matthew J. Mccormick

Documents

No abstract provided.


Imf Governors Approve A Historic Us$650 Billion Sdr Allocation Of Special Drawing Rights, International Monetary Fund (Imf) Aug 2021

Imf Governors Approve A Historic Us$650 Billion Sdr Allocation Of Special Drawing Rights, International Monetary Fund (Imf)

Documents

No abstract provided.


Overcoming A Corporate Crisis: The Role Of A Hegemonic Elite – The Banco Ambrosiano Case (1982), Carlo Bellavite Pellegrini, Andrea Lionzo, Alessandro Lai Aug 2021

Overcoming A Corporate Crisis: The Role Of A Hegemonic Elite – The Banco Ambrosiano Case (1982), Carlo Bellavite Pellegrini, Andrea Lionzo, Alessandro Lai

Documents

No abstract provided.


Effects Of Dialectical Behavior Therapy On Body Modification In Borderline Personality Disorder, Tyler Godek Aug 2021

Effects Of Dialectical Behavior Therapy On Body Modification In Borderline Personality Disorder, Tyler Godek

Yale School of Medicine Physician Associate Program Theses

Borderline Personality Disorder is a mood disorder characterized by emotional dysregulation, increased impulsivity, and increased self-harm. Recently, a positive correlation has been made relating number of body modifications (such as piercings, tattoos, and scarification) and severity of disease. Dialectical Behavior Therapy is the first-line treatment for Borderline Personality Disorder and has been found to significantly reduce engagement in another form of self-harming behavior (non-suicidal self-injury). However, the effects of Dialectical Behavior Therapy on body modification are not understood. In this randomized control study, we will compare the effects of Dialectical Behavior Therapy, pharmacotherapy, or non-treatment on the number of body …


Learning Efficiency Of Multi-Agent Information Structures, Mira Frick, Ryota Iijima, Yuhta Ishii Aug 2021

Learning Efficiency Of Multi-Agent Information Structures, Mira Frick, Ryota Iijima, Yuhta Ishii

Cowles Foundation Discussion Papers

We study which multi-agent information structures are more effective at eliminating both first-order and higher-order uncertainty, and hence at facilitating efficient play in incomplete-information coordination games. We consider a learning setting à la Cripps, Ely, Mailath, and Samuelson (2008) where players have access to many private signal draws from an information structure. First, we characterize the rate at which players achieve approximate common knowledge of the state, based on a simple learning efficiency index. Notably, this coincides with the rate at which players’ first-order uncertainty vanishes, as higher-order uncertainty becomes negligible relative to first-order uncertainty after enough signal draws. Based …


Bank Of England: Monetary Policy Report (August 2021), Bank Of England/Central Bank Of The United Kingdom: Monetary Policy Committee Aug 2021

Bank Of England: Monetary Policy Report (August 2021), Bank Of England/Central Bank Of The United Kingdom: Monetary Policy Committee

Documents

No abstract provided.


Evolution Of Bilateral Swap Lines, Michael Perks, Yudong Rao, Jongsoon Shin, Kiichi Tokuoka Aug 2021

Evolution Of Bilateral Swap Lines, Michael Perks, Yudong Rao, Jongsoon Shin, Kiichi Tokuoka

Documents

No abstract provided.


Guidance Note For Fund Staff On The Treatment And Use Of Sdr Allocations, International Monetary Fund (Imf) Aug 2021

Guidance Note For Fund Staff On The Treatment And Use Of Sdr Allocations, International Monetary Fund (Imf)

Documents

No abstract provided.


Central Bank Swap Arrangements In The Covid-19 Crisis, Joshua Aizenman, Hiro Ito, Gurnain Kaur Pasricha Aug 2021

Central Bank Swap Arrangements In The Covid-19 Crisis, Joshua Aizenman, Hiro Ito, Gurnain Kaur Pasricha

Documents

No abstract provided.


Banking Resolution: Expansion Of The Resolution Toolkit And The Changing Role Of Deposit Insurers, Ryan Defina Aug 2021

Banking Resolution: Expansion Of The Resolution Toolkit And The Changing Role Of Deposit Insurers, Ryan Defina

Documents

No abstract provided.


The Fifteenth Report Of The Congressional Oversight Commission, United States: Congressional Oversight Commission Jul 2021

The Fifteenth Report Of The Congressional Oversight Commission, United States: Congressional Oversight Commission

Documents

No abstract provided.


Accounting For Covid-19 Related Funding, Credit, Liquidity, And Loan Facilities In The Financial Accounts Of The United States, Matthew Hoops, Robert Kurtzman Jul 2021

Accounting For Covid-19 Related Funding, Credit, Liquidity, And Loan Facilities In The Financial Accounts Of The United States, Matthew Hoops, Robert Kurtzman

Documents

No abstract provided.