Manuel García-Santana, Enrique Moral-Betino, Josep Pijoan-Mas and Roberto Ramos show that negative TFP growth was caused by the increase in within-industry misallocation of production factors.
How is individual behavior affected by the emotional attachment to one’s own language? Do individuals change their economic decisions because of the identification they experience with their language? And if so, how should policies be designed to enhance economic welfare? Ramon Caminal and Antonio Di Paolo take two important steps to answer these crucial questions.
Puriya Abbassi, Rajkamal Iyer, José-Luis Peydró and Francesc R. Tous find that banks with higher trading expertise increase their investments in securities and decrease their lending during a crisis.
Giacomo De Giorgi and Michele Pellizzari have been awarded the RES Prize for their paper, “Understanding Social Interactions: Evidence from the Classroom”
Can economic uncertainty make it easier for politicians to implement painful but beneficial reforms? Alessandra Bonfiglioli and Gino Gancia find evidence that indeed this is the case.
Joram Mayshar, Omer Moav, Zvika Neeman and Luigi Pascali find that one consistent difference between farming societies that developed complex hierarchies and those that did not was whether those societies relied on cereal grains or roots and tubers.