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Keynes Fund

Oil, Growth and Misallocation: Evidence from a Quasi-Experiment and Establishments Level Data. The study of the effects of natural resource abundance on economic growth and development has a long tradition in economics.

Adam Smith, David Ricardo and Thomas Malthus1 believed that countries...

When forming expectations and making financial decisions, do economic agents use their social interactions to augment their information sets and learn from them?

While there is growing evidence on the importance of peer effects for subjective expectation formation and financial decision-...

We analyse data on managers in a large chain of food and drink stores in order to shed light on some fundamental questions about human behaviour.

In this firm, managers face a high-powered tournament incentive scheme, which provides a rich research opportunity.  Somewhat uniquely, we are...

Slums represent a large proportion of housing markets in developing countries. Although the definition of slums varies depending on the country, slums are always associated with some sort of deprivation such as insecure land tenure, low standards of urban services, and non-durable housing structures....

The industrial revolution is usually considered a market-driven process. We hypothesize that state policies designed to mitigate market failure played a much more significant role in the Industrial Revolution than the historiography currently suggests. We plan to investigate: the scale of the effects of...

The impact of automation on the labor market is one of the more widely discussed topics in the academic and policy debate. The fear is that automation can have disruptive consequences on the organization of labor, leading to a surge in unemployment of workers performing tasks that could be replaced by...

The objective of this project was to produce the empirical foundations for a new analysis of the debates around the public vs. private provision of coastal lighting. All previous studies relied on only a handful of case studies to reach very general conclusions on the role of government in the provision of...

The goal of the project is to develop econometric techniques to study climate change and forecast its consequences. We interpret the subject of climate widely to include environmental issues in general and entitle our project Persistence and Forecasting in Climate and Environmental Econometrics....

The theoretical and experimental literatures on the endogenous emergence of monetary systems have almost exclusively focused on bilateral and temporary trade encounters. Market participants cannot choose with whom and how many individuals to interact in a period. In other words, trade cannot happen on a...