Becker Friedman Institute for Economics
@BeckerFriedman
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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.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
Every dollar Medicare spends on monitoring generates $24–29 in government savings, mainly from the deterrence of medically unnecessary future care.
Harris Policy's Maggie Shi
ow.ly/c6Ya50RghXS
New working paper, 'Monetary Policy, Segmentation, and the Term Structure,' from Chicago Booth's Rohan Kekre, Moritz Lenel, and Federico Mainardi. ow.ly/7rbW50RgzCp
ChatGPT generates measures of corporations’ exposure to risks that outperform existing measures in predicting firm-level stock market volatility, investment, & innovation.
Chicago Booth's Alex G. Kim, Maximilian Muhn, & Valeri Nikolaev
ow.ly/tbKe50Rgfcy
Households (small businesses) paid $204 ($92)million per year in Upstate NY due to electricity use by cryptomining. When energy prices are fixed, cryptomining deteriorates wages & investments.
Chicago Booth's Giovanni Compiani, Matteo Benetton, & Adair Morse
ow.ly/xRzr50QJm0p