• Economic policy uncertainty and heterogeneous institutional investor horizons 

  Wang, Xiaoqiong; Wei, Siqi; Zhu, Xiaoyang (Springer, 2023-08)

  Existing literature has extensively discussed the impact of economic policy uncertainty (EPU) on firm-related activities, but there is sparse evidence of its impact on the behavior of institutional investors. Using quarterly ...

• The effect of fiscal decentralization on municipal fiscal condition: An empirical study of large American cities 

  Wang, Xiaoheng; Cheng, Jen-Chi (SAGE Publications Inc., 2023-06-29)

  Local governments' ability to sustain a healthy fiscal structure and meet service obligations is critical in avoiding financial hardship. This study empirically tests the effects of intrastate fiscal decentralization on ...

• The home price-income relationship for US states 

  Miles, William; Jung, Samuel Moon; Vijverberg, Chu-Ping Chen (Routledge, 2023-05-07)

  There are conflicting theories on whether house prices and income should share a long-run relationship. Empirical work on the topic has yielded mixed results. Most previous studies have investigated whether the house ...

• Housing and the changing impact of monetary policy 

  Miles, William; Zhu, Xiaoyang (Elsevier Ltd, 2023-07-01)

  Housing is the leading indicator of the business cycle. The impact of monetary policy on housing has thus unsurprisingly been the subject of numerous studies. Some have also investigated whether the impact of monetary ...

• Is the "smoke-filled room" necessary? An experimental study of the effect of communication networks on collusion 

  Flannery, Timothy; Wang, Siyu (John Wiley & Sons, Ltd, 2023-03-03)

  We investigate how well firms can collude with partial communication in relation to full communication. We find that firms vary their communication strategies with network structures. In the networks that have either an ...

• The effects of government spending on consumption and the real exchange rate: a comparison between developed and developing countries 

  Li, Yu; Zhu, Xiaoyang (Emerald Publishing Limited, 2023-02-13)

  Purpose – The degree of development and the way to identify a fiscal shock matter in evaluating the effects of the fiscal policy. This paper contributes to the debate on the effects of a fiscal expansion on private consumption ...

• Stand in the wind: Market power reformation during uncertain periods 

  Wang, Heng; Wei, Siqi; Zhu, Xiaoyang (Elsevier Inc., 2023-03-01)

  Economic policy uncertainty affects firm dynamics and profitability, and thus imposes an impact on firm markups and market power. Using quarterly data of the U.S. publicly listed firms over 1985Q1 to 2020Q3, this paper ...

• Financial development and declining market dynamics: Another dark side of “too much finance”? 

  Zhu, Xiaoyang (Springer, 2022-11-06)

  This paper empirically investigates whether financial development has played a role in the rise of market concentration over the past decades. Using an industry-level panel of 41 countries over the period 1989–2010, we ...

• Regional house price co-movement in the USA: the medium cycle is not the business cycle 

  Miles, William (Springer Nature, 2022-08-02)

  Co-movement in different regional housing markets has implications for portfolio management, as well as the effectiveness of monetary and other policies. Such co-movement has thus been the subject of several previous ...

• The Northern Ireland housing market: would unification with the south be problematic? 

  Miles, William (AccessEcon LLC, 2022-02-20)

  Recent political events such as Brexit, as well as changing demographics have made the unification of Northern Ireland and the Republic likelier than recently thought possible. Unification would require addressing many ...

• FinTech and capital allocation efficiency: Another equity-efficiency dilemma? 

  Xie, Xueyan; Zhu, Xiaoyang (Elsevier, 2022-05-22)

  The emergence of financial technology (FinTech) introduces new tools and solutions to lending and equity markets, and has significantly increased the accessibility of marginal firms to funds, a property known as financial ...

• Complex and entangled public policy: Here be dragons in Emergence, Entanglement, and Political Economy 

  Devereaux, Abigail (Springer, Cham, 2020-12-05)

  The tools and concepts of the emerging field of complexity science—like agent-based modeling, network theory, and machine learning—can offer powerful insights to economists and crafters of public policy. Complexity science ...

• Scottish home prices: Compatible with Euro membership? 

  Miles, William (Universita Carlo Cattaneo, 2021)

  Although the Scottish electorate voted down independence in 2014, Brexit has led to renewed calls from Scottish political leaders for a second referendum. Scottish independence would likely lead to joining the European ...

• The impact of parental migration on social identity - A framed field experiment with left-behind children in China 

  Wang, Siyu; Xu, Hui (Elsevier, 2021-07-01)

  Recent studies suggest that an estimated 61 million rural migrants in China were living outside their hometowns with their children left behind. We examine the impact of parental migration on the social identity among ...

• Intention or request: The impact of message structures 

  Wang, Siyu; Flannery, Timothy (MDPI, 2021-02)

  This paper investigates how different message structures impact communication strategy as well as sender and receiver behavior. Specifically, we focus on comparing communication games with messages stating an intention ...

• The dynamics of house prices and income in the UK 

  Miles, William (Global Social Science Institute, 2020)

  Asset prices and fundamentals can move apart, as is the case during bubble episodes. However, they should exhibit a stable relationship in the long run. For UK housing, previous studies have investigated whether house ...

• Convergence in the Eurozone: Progress Towards the Goal? 

  Miles, William (Wiley-Blackwell, 2020-09-23)

  Convergence in per capita income across member countries is a stated goal of the European Union. This goal applies, of course, to all eurozone nations. The impact of a common currency on income convergence is both theoretically ...

• House price convergence in the euro zone: a pairwise approach 

  William, Miles (Elsevier, 2020-07-29)

  The adoption of the euro common currency was expected to lead to convergence for a number of economic and financial variables across national borders, including house prices. We apply a probabilistic pairwise approach to ...

• The digital Wild West: on social entrepreneurship in extended reality 

  Devereaux, Abigail N. (Emerald, 2020-07-10)

  Purpose: Our central thesis is that the dynamic, immersive and agile nature of extended reality (XR) both provides an unusually fertile ground for the development of alternative forms of governance and essentially necessitates ...

• Energy efficiency: Indicator, estimation, and a new idea 

  Chen, Ku Hsieh; Cheng, Jen-Chi; Lee, Joe Ming; Li, Liou Yuan; Peng, Sheng Yu (MDPI AG, 2020-06-17)

  Energy efficiency has long been an important issue to the global economic and political theaters; however, searching for an effective and concise measure for efficiency remains a contentious and intriguing topic. There are ...

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