Meritocracy vs Egalitarianism in Democratic Societies
Salvador Barberà, Carmen Beviá, and Clara Ponsatí investigate the interactions between locational and distributive choices, and their consequences on the social composition of countries.
Where is the incentive sweet spot?
When are people more likely to complete a task: when they receive one dollar or when they receive nothing? Sound obvious? Uri Gneezy and Pedro Rey-Biel use behavioral economics to show that finding the incentive sweet spot is not as easy as it first appears.
On the Impact of Microcredit: Evidence from a Randomized Intervention in Rural Ethiopia
Alessandro Tarozzi, Jaikishan Desai, and Kristin Johnson investigate the impact of microcredits in rural Ethiopia.
The Effects of Monetary Policy on Asset Price Bubbles: Some Evidence
Jordi Galí and Luca Gambetti provide evidence on the response of stock prices to monetary policy shocks, and try to use that evidence to infer the nature of the impact of interest rate changes on the bubble component of stock prices.
