Working Paper Series

Mali Chivakul (IMF) and Bernhard Kassner (Ludwig-Maximilians-Universität München)

Can Consumption Growth in China Keep Up As Investment Slows?

• Published in Comparative Economic Studies

Michele Ca' Zorzi (ECB), Michal Rubaszek (SGH Warsaw School of Economics)

Exchange rate forecasting on a napkin

• Published in Journal of International Money and Finance

Luca Dedola (ECB, CEPR), Georgios Georgiadis (ECB), Johannes Grab (ECB) and Arnaud Mehl (ECB)

Does a Big Bazooka Matter? Central Bank Balance-Sheet Policies and Exchange Rates

Errors in Probabilistic Reasoning and Judgment Biases

• Published in Handbook of Behavioral Economics: Applications and Foundations 1

Boğaçhan Çelen (Melbourne), Sen Geng and Huihui Li (Xiamen)

Belief Error and Non-Bayesian Social Learning: An Experimental Evidence

Rasmus Fatum, Runjuan Liu (University of Alberta), Jiadong Tong, Jiayun Xu (Nankai University)

Beggar Thy Neighbor or Beggar Thy Domestic Firms? Evidence from 2000-2011 Chinese Customs Data

• Published in Journal of International Economics

Huichou Huang (Jupiter Asset Management) and Lukas Menkhoff (DIW Berlin and Humboldt University)

Global Positioning Risk and FX Trading Strategies

Estelle Xue Liu and Zijun Liu (HKMA)

Funding Shocks through Cross-border Banking in Asia A Network-based Approach

Tanjim Hossain (Toronto), Elizabeth Lyons (UC San Diego) and Aloysius Siow (Toronto) 

Equity and Efficiency in the Organization of Firms

Riccardo Pansini, (Kunming Institute of Zoology / Chinese Academy of Sciences), Marco Campennì (Exeter) and Lei Shi (Yunnan University of Finance and Economics)

Asymmetric Use of Punishment in Socioeconomic Segregated Societies Leads to an Unequal Distribution of Wealth

• Published in Palgrave Communications

Charles Ka Yui LEUNG, Joe Cho Yiu NG (City University of HK)

Macro Aspects of Housing

Sumit Agarwal (National University of Singapore), Elvira Sojli and Wing Wah Tham (University of New South Wales)

Commute Time and Labor Supply

Daniel J. Benjamin (USC / NBER), Don A. Moore (UC Berkeley) and Matthew Rabin (Harvard / Cambridge)

Biased Beliefs About Random Samples: Evidence from Two Integrated Experiments

Appendices

Mika Meitz (Helsinki), Daniel Preve (City University of HK), Pentti Saikkonen (Helsinki)

A mixture autoregressive model based on Student’s t–distribution

• Published in Communications in Statistics - Theory and Methods

Eric Osei Opoku (City University of HK), Isabel K.M. Yan (City University of HK) and Kate Hydes (University College Dublin)

Reaching Up and Reaching Out: The Impact of Competition on Firms’ Productivity and Export Decisions

• Published in Pacific Economic Review

Abhijit Ramalingam (Appalachian State University), Brock V. Stoddard (Appalachian State University), James M. Walker (Indiana)

The Market for Talent: Competition for Resources and Self-Governance in Teams

• Published in Games and Economic Behavior

The RMB Central Parity Formation Mechanism: August 2015 to December 2016

• Published in Journal of International Money and Finance

ECB vs Bundesbank: Diverging Tones and Policy Effectiveness

Debauchery and Original Sin: The Currency Composition of Sovereign Debt

Youngjin Yun (Bank of Korea)

Reserve Accumulation and Bank Lending: Evidence from Korea

• Published in Journal of International Money and Finance

Learning about Term Structure Predictability under Uncertainty

Sven Steinkamp and Frank Westermann (Osnabrück University, Germany)

Systemic crisis and growth revisited: Has the global financial crisis marked a new era

• Published in Economic Letters

Peter Tillmann (Justus-Liebig-University Gießen, Germany)

Monetary Policy Uncertainty and the Response of the Yield Curve to Policy Shocks

• Published in Journal of Money, Credit and Banking

Woo Jin Choi (Korea Development Institute), Alan M. Taylor (UC Davis)

Lena Kraus, Jürgen Beier, Bernhard Herz (Universität Bayreuth)

Sudden stops inside and outside the euro area - what a difference TARGET2 makes

Jeffry Frieden (Harvard)

The politics of the globalization backlash: Sources and implications