Multinational Expansion in Time and Space
This paper studies the expansion patterns of multinational enterprises (MNEs) in time and space Informed by a se

Stefania Garetto, Xiao Ma, Lindsay Oldenski, Natalia Ramondoy

Working Paper | No. 20241204 |

Keywords: Multinational firms, foreign direct investment, firm dynamics, sunk costs

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Asylum Assignment and Burden-Sharing
We analyze the problem of matching asylum seekers to member states, incorporating wait times, preferences of asylu

Gian Caspari, Manshu Khanna

Working Paper | No. 20241203 |

Keywords: matching theory, market design, stability, asylum assignment

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Information Design for Social Learning on a Recommendation Platform
A recommendation platform sequentially collects information about a new product revealed from past consumer trials

Chen Lyu*

Working Paper | No. 20241201 |

Keywords: information design, social learning, recommendation platform, Lagrangian duality

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No Sparsity in Asset Pricing: Evidence from a Generic Statistical Test
We present a novel test to determine sparsity in characteristic-based factor models Applying the test to industry

Junnan He, Lingxiao Zhao, Guofu Zhou

Working Paper | No. 20241202 |

Keywords: factor models, characteristic-based factors, sparsity, test

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Monetary Policy in Open Economies with Production Networks
 

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Keywords: ESG, Mutual fund family, Spillover effect, Fund flows, Affection-based judgement, Fund proliferatio

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Transcontinental Railways and Hinterland Development
 

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Keywords: ESG, Mutual fund family, Spillover effect, Fund flows, Affection-based judgement, Fund proliferatio

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How do Multinationals Impact China’s Technology? The Role of Quid Pro Quo Policy and Technology Spillovers
 

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Keywords: ESG, Mutual fund family, Spillover effect, Fund flows, Affection-based judgement, Fund proliferatio

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Overnight Learning, Price Discovery, and Macroeconomic Announcements
 

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Keywords: ESG, Mutual fund family, Spillover effect, Fund flows, Affection-based judgement, Fund proliferatio

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A High-Frequency Measure of Chinese Monetary Policy Shocks
 

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Keywords: ESG, Mutual fund family, Spillover effect, Fund flows, Affection-based judgement, Fund proliferatio

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The Incident-Driven Green Products
 

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Keywords: ESG, Mutual fund family, Spillover effect, Fund flows, Affection-based judgement, Fund proliferatio

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