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- 15 Apr 2014
- First Look
First Look: April 15
pay. We argue that this controversy increased wage comparisons within firms, particularly those with geographically dispersed managers-managers with the greatest information frictions. Following the controversy, pay in dispersed firms View Details
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Sean Silverthorne
- 22 Mar 2011
- First Look
First Look: March 22
Securities (TIPS) from the co-movement of breakeven inflation with liquidity proxies. The liquidity premium is around 70 basis points in normal times, but much larger during the early years of TIPS issuance and during the height of the...
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Sean Silverthorne
- 20 Nov 2012
- First Look
First Look: November 20
co-movement (or pay-referent sensitivity, PRS) to be more pronounced in geographically concentrated firms where we expect divisional proximity to facilitate information sharing about pay and magnify peer comparisons. To separate the peer...
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Sean Silverthorne
- 28 Sep 2010
- First Look
First Look: September 28, 2010
explain the following stylized facts: (1) U.S. and Mexican output co-move more than consumption, (2) U.S. shocks have a larger effect on Mexico than in the U.S., (3) U.S. business cycles lead over medium-term fluctuations in Mexico, and...
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Sean Silverthorne
- 02 Jul 2013
- First Look
First Look: July 2
between 1920 and 1939. During the 1920s prices reached their highest level in the third quarter of 1929 before falling by 67% at the end of 1932 and hovering around that value for most of the Great Depression. The value of high-end properties strongly View Details
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Anna Secino