Becker Friedman Institute for Economics
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The Becker Friedman Institute @UChicago supports inquiry on significant economic and policy questions. RT/Follow ≠ endorsement.
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http://bfi.uchicago.edu 22-11-2011 18:14:45
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New working paper, 'Homelessness and the Persistence of Deprivation: Income, Employment, and Safety Net Participation,' by Bruce Meyer (Harris Policy), Angela Wyse, Gillian Meyer, Alexa Grunwaldt, and Derek Wu. ow.ly/Okuy50Rkrvu
At #StiglerAntitrust24 , Antitrust Division Assistant Attorney General Jonathan Kanter reflected on the legacy of our conference (co-organized by Zingales, Guy Rolnik, and Filippo Lancieri) and how it has evolved alongside the evolution of the field and profession of #antitrust itself.
Policies that reduce economic desperation, such as job programs & transfers, reduce property crime & hence, overall crime. They have little, if any, systematic effect on violent crime, however.
Jens Ludwig (Harris Policy) & Kevin Schnepel
bfi.uchicago.edu/insight/resear…
ICYMI: Policies that reduce economic desperation reduce property crime (and hence overall crime rates) but have little effect on violent crime. New research brief from Jens Ludwig (Harris Policy) and Kevin Schnepel. ow.ly/1HQg50RjcAu
Firms do not typically update their discount rates when inflation expectations change. As a result, expected inflation raises real investment by lowering the real required return to capital.
Chicago Booth's Kilian Huber, Niels J. Gormsen, & Masao Fukui
ow.ly/ncB750RjtBX
.Milena Almagro (@ChicagoBooth) presented her research “Optimal Urban Transportation Policy: Evidence from Chicago” at today’s BFI Student Lunch Series. ow.ly/6W7050RjkxR
Policies that reduce economic desperation reduce property crime (and hence overall crime rates) but have little effect on violent crime. New research brief from Jens Ludwig (Harris Policy) and Kevin Schnepel. ow.ly/1HQg50RjcAu
Using data on night-time lights captured by satellites, Harris Policy's Luis Martínez shows that autocracies overstate yearly GDP growth by as much as 35%.
ow.ly/HR8950R4qLE
A new growth model from Benny Kleinman, Ernest Liu, Stephen Redding, & Motohiro Yogo offers insights into how countries respond to changes in trade and investment frictions, & can be applied to the economic “decoupling” between China and the United States.
ow.ly/ReWi50R4qE8
Startups backed by venture capitalists (vs. banks) have more promising growth & innovation prospects than other startups.
UChicago Economics' Ufuk Akcigit, Emin Dinlersoz, Jeremy Greenwood, & Veronika Penciakova.
ow.ly/TUOG50R2iMo
In Chicago, welfare would be increased by charging ~$0 for public transit, increasing the frequency of trains & lowering the frequency of buses.
@Chicagobooth's Milena Almagro, Felipe Barbieri, Nathaniel Hickok, Tobias Salz, & Juan Camilo Castillo:
bfi.uchicago.edu/insight/resear…
A police training designed to improve decision-making leads to 23% fewer uses of force & discretionary arrests & 11% fewer arrests of Black civilians.
From Harris Policy's Oeindrila Dube, Anuj K. Shah, & Sandy Jo MacArthur
ow.ly/kvg550R4qaK
Startups backed by venture capitalists (vs. banks) have more promising growth & innovation prospects than other startups.
UChicago Economics' Ufuk Akcigit, Emin Dinlersoz, Jeremy Greenwood, & Veronika Penciakova.
ow.ly/TUOG50R2iMo
Firms often keep their nominal discount rates constant even in the face of changing inflation expectations. ⬆️ in expected inflation therefore ⬇️ firms’ real discount rates and ⬆️ real investment. Masao Fukui, Niels Gormsen & Kilian Huber (Chicago Booth) ow.ly/Bbmc50RhxHJ