To paraphrase Larry Summers, some people are scared – just look around. The crisis of 2007–08 took a toll on a lot of people, investors included. What seemed to be a new age of steady, moderately high growth and stable equity returns suddenly turned into the biggest economic crisis since the 1930s:
The ‘fear factor’: Personal experience and risk aversion in times of crisis
Peter Koudijs, Hans-Joachim Voth, 12 April 2014
How can small groups put a stop to bad behaviour? Make it a race for second place
James Andreoni, Laura Katherine Gee, 14 June 2011
We all know of professors who like teaching but prefer to do research. How does our department make sure we put the right effort into our classes? Our neighbours want us to be clean, even when we might want to tidy our yards later. How can neighbours enforce civility while remaining civil? These situations represent a classic problem in social science.
Individual losses in a banking crisis have long-lasting effects on expectations and behaviour
Shannon Mudd, Konstantin Pashev, Neven Valev, 2 January 2011
The cost of banking crises is usually measured as the loss of output and the fiscal cost of cleaning up the financial system (e.g. Reinhart and Rogoff 2009, Laeven and Valencia 2010). While these may well be substantial, there is also a third potential cost, which is more long-term and difficult to measure.
Is there a link between impatience and procrastination?
Paola Sapienza, Ernesto Reuben, Luigi Zingales, 28 January 2008
Are impatient people also likely to procrastinate? While these two behavioural characteristics are often said to be linked, the authors of CEPR DP6668 use lab, field and survey evidence to test this link empirically and discover that it does exist.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- The economics of Scottish independence in an interdependent worldHughes Hallett
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- Corporate Finance Theory Symposium19 - 20 September 2014 / Cambridge / Judge Business School, Cambridge University
- International Trade, Finance, and Macroeconomics: Research Frontiers and Challenges for Policy18 - 19 December 2014 / The Bank of England, London / The Bank of England, Centre for Macroeconomics and CEPR