Working Papers-Peking University HSBC Business School(PHBS)

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This research takes a forward rate unbiasedness hypothesis (FRUH) perspective to the study of event-detection and

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Declining worker power has been advanced as an explanation for dramatic generational changes in the U S macroecon

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Five studies show that recipients are most likely to appreciate gifts of monetary values aligning with their expe

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We study the quantitative impact of lender control rights on firm investment, asset prices, and the aggregate eco

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We examine how strategic buyer behavior affects equilibrium outcomes in a model of dynamic price competition where

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A major issue of the increasingly popular robust optimization is the tendency to produce overly conservative solut

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Using the positive shift in tone of Fox News coverage of macroeconomic news after the Republican Bush election i

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The literature oﬀers two foundations for competitive search equilibrium, a Nash approach and a market-maker approa

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Workers in richer countries experience faster rates of wage growth over their lifetimes than workers in poorer co

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Export activity shapes workers’ experience-wage profiles Using detailed Brazil-ian manufacturing employer-employe