Akshit Baru In the lexicon of political economy, election-year budgets are almost invariably associated with the “political business cycle”-a phenomenon where incumbents ramp up populist spending to ...

Social media platforms like Twitter have demonstrated a continuous increase of active users over the most recent years (Pereira-Kohatsu et al. 2019). An average of 500 million tweets per day combined ...

We solve and estimate a dynamic model that allows agents to optimally choose their labor hours and consumption and that allows for both human capital accumulation and savings. Estimation results and ...

We test a conditional asset pricing model that includes long‐term interest rate risk as a priced factor for four asset classes—large stocks, small stocks, and long‐term Treasury and corporate bonds.

Every day we make decisions that trade off short-term and long-term consequences. In such intertemporal choices between sooner-smaller and later-larger rewards, humans and other animals exhibit ...

Financial word of the day: Intertemporalization is the process of evaluating economic choices across time, not at a single moment. In finance and economics, it means weighing present costs against ...

Intertemporal choice examines how individuals weigh rewards available at different points in time, while delay discounting quantifies the tendency to devalue future rewards in favour of more immediate ...

… is from Thomas Sowell’s 2010 book “Intellectuals and Society” in the chapter titled “Intertemporal Abstractions” (emphasis mine): The intelligentsia in 21st century America speak of “whites” and ...

Intertemporal risk parity is a strategy that rebalances risky assets and cash in order to target a constant level of ex ante risk over time. When applied to equities and compared with a buy-and-hold ...