Another run with new data

historic/papers-we-have-seen-metadata.csv

@@ -392,3 +392,4 @@ Divided We Fall: Differential Exposure to Geopolitical Fragmentation in Trade,"S
 Dealing with Imperfect Randomization: Inference for the HighScope Perry Preschool Program,"James Heckman, Rodrigo Pinto, Azeem Shaikh","This paper considers the problem of making inferences about the effects of a program on multiple outcomes when the assignment of treatment status is imperfectly randomized. By imperfect randomization we mean that treatment status is reassigned after an initial randomization on the basis of characteristics that may be observed or unobserved by the analyst. We develop a partial identification approach to this problem that makes use of information limiting the extent to which randomization is imperfect to show that it is still possible to make nontrivial inferences about the e ects of the program in such settings. We consider a family of null hypotheses in which each null hypothesis specifies that the program has no effect on one of many outcomes of interest. Under weak assumptions, we construct a procedure for testing this family of null hypotheses in a way that controls the familywise error rate- the probability of even one false rejection in infinite samples. We develop our methodology in the context of a reanalysis of the HighScope Perry Preschool program. We find statistically significant effects of the program on a number of different outcomes of interest, including outcomes related to criminal activity for males and females, even after accounting for imperfections in the randomization and the multiplicity of null hypotheses.",https://bfi.uchicago.edu/working-paper/dealing-with-imperfect-randomization-inference-for-the-highscope-perry-preschool-program/,2023-155,"Dec 20, 2023",BFI,12/28/2023
 The Intergenerational Health Effects of Forced Displacement: Japanese American Incarceration during WWII,"Daniel S. Grossman, Umair Khalil, Laura Panza","We study the intergenerational health consequences of  forced displacement and incarceration of Japanese Americans in the US during WWII. Incarcerated mothers had babies who were less healthy at birth. This decrease in health represents a shift in the entire birthweight distribution due to exposure to prison camps. Imprisoned individuals were less likely to have children with fathers of other ethnic groups but were more likely to receive prenatal care, invest in education, and participate in the labor market. To the extent human capital effects mitigate the full negative effects of incarceration on intergenerational health, our results are a lower bound.",https://www.nber.org/papers/w31992,31992,December 2023,NBER,12/28/2023
 The Role of Intermediaries in Selection Markets: Evidence form Mortgage Lending,"Jason Allen, Robert Clark, Jean-François Houde, Shaoteng Li, Anna V. Trubnikova","We study the role of brokers in selection markets. We find broker-clients in the Canadian mortgage market are observationally different from branch-clients. They finance larger loans with more leverage and longer amortization. We build and estimate a model of mortgage demand to disentangle three possible explanations for these riskier product choices: (i) selection on observables, (ii) unobserved borrower preferences for riskier loans, and (iii) a causal effect of brokers. Although we find that brokers influence product choices, the main reason borrowers choose high-leverage products is unobserved preferences. Borrowers prefer larger loans and brokers facilitate qualification for them.",https://www.nber.org/papers/w31989,31989,December 2023,NBER,12/28/2023
+Can Supply Shocks Be Inflationary with a Flat Phillips Curve?,"Jean-Paul L’Huillier, Gregory Phelan","Not in standard models. With conventional pricing frictions, imposing a flat Phillips curve also imposes a price level that is rigid with respect to supply shocks. In the New Keynesian model, price markup shocks need to be several orders of magnitude bigger than other shocks in order to fit the data, leading to unreasonable assessments of the magnitude of the increase in costs during inflationary episodes. To account for the facts, we propose a strategic microfoundation of shock-dependent price stickiness: prices are sticky with respect to demand shocks but flexible with respect to supply shocks. This friction is demand-intrinsic, in line with narrative accounts for the imperfect adjustment of prices. Firms can credibly justify a price increase due to a rise in costs, whereas it is harder to do so when demand increases. Inflation from supply shocks is efficient and does not justify a monetary policy response.",https://www.clevelandfed.org/publications/working-paper/wp-2336-can-supply-shocks-be-inflationary-with-flat-phillips-curve,23-36,12.28.2023,FED-CLEVELAND,12/31/2023