Sub Categories

Display:
Sort By:

Webinar Series

|

Pandemic

|

May 2020

Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?

Veronica GUERRIERI, Guido LORENZONI, Ludwig STRAUB, Iván WERNING
We present a theory of Keynesian supply shocks: supply shocks that trigger changes in aggregate demand larger than the shocks themselves. We argue that the economic shocks associated to the COVID-19 epidemic—shutdowns, layoffs, and firm exits—may have this feature. In one-sector economies supply...
Keywords: 2019-nCoVCOVID-19, Disease Outbreak, Supply Shocks, Demand Shortages, Macroeconomic Implications
  • View
  • Download
  • Bookmark
  •    |   

Webinar Series

|

Pandemic

|

May 2020

Internal and External Effects of Social Distancing in a Pandemic

Maryam FARBOODI, Gregor JAROSCH, Robert SHIMER
We use a conventional dynamic economic model to integrate individual optimization, equilibrium interactions, and policy analysis into the canonical epidemiological model. Our tractable framework allows us to represent both equilibrium and optimal allocations as a set of differential equations that c...
Keywords: Social Distancing, 2019-nCoVCOVID-19, Disease Outbreak
  • Download
  • Bookmark
  •    |   

Webinar Series

|

Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

|

Feb 2022

The Efficiency of A Dynamic Decentralized Two-sided Matching Market

Chenyu YANG, ZhiXi WAN, Tracy Xiao LIU
This paper studies a decentralized dynamic matching market by using data from a Chinese ride-sharing platform to estimate a model of search and matching between drivers and passengers. We measure passenger valuations of trips, driver preferences, distributions of planned search length, and waiting c...
Keywords: Dynamic Matching, Moment Inequality
  • View
  • Download
  • Bookmark
  •    |   

Webinar Series

|

Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

|

Jan 2022

FinTech Lending and Cashless Payments

Pulak GHOSH, Yao ZENG, Boris VALLEE
This study provides a new perspective on the rise of FinTech lending by uncovering an informational synergy with cashless payments. Theoretically, FinTech lenders screen borrowers more efficiently when borrowers use cashless payments that produce transferable and verifiable information. In turn, bec...
Keywords: FinTech, Lending, payments, verifiability, data sharing, open banking
  • View
  • Download
  • Bookmark
  •    |   

Webinar Series

|

Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

|

Dec 2021

Merger Analysis in the App Economy: An Empirical Model of Ad-Sponsored Media

Kohei KAWAGUCHI, Toshifumi KURODA, Susumu SATO
In the mobile app market, multiple monetizing policies such as paid and free ad-sponsored models co-exist. This paper proposes a novel model of ad-sponsored media with endogenous business model choice, that is applicable to the mobile app industry. The model defines an equilibrium over consumers’ ...
Keywords: Merger simulation, market definition, SSNIP, antitrust policy, ad-sponsored media, platform transaction fee, app economy, distributed word representation.
  • View
  • Download
  • Bookmark
  •    |