History matters: even in very deep and heavily traded markets
We analyze patterns of bilateral financial investment using data on US investors' holdings of foreign bonds. We document a "history effect" in which the pattern...
Observations and thoughts on India, Kolkata
I am visiting Kolkata this week, the Centre for the Study of Social Science Calcutta. It is a great chance to collect observations and cross-check...
A cost benefit framework as deus ex machina
Marian Borges of The Age recently wrote seeking comment on an article on fire prevention which was subsequently written up by her and Peter Martin...