Eastern Economic Journal最新文献

Studies have shown that women perform worse than men in winner-take-all competitions and often avoid such settings entirely, which could put women at a significant disadvantage in the labor market. Recent research, however, has challenged this view. One problem with testing for risk averse behavior is the difficulty of finding settings in which people can display it. We find such a setting in the Final Jeopardy segment of the game show Jeopardy! Using data on wagers in Final Jeopardy, we show that women who compete on the show are no more risk averse than men.

Abstract

We examine the impact of coach gender on the probability that NCAA Division I women’s basketball teams advance to the end-of-year NCAA tournament. Results of our full sample analysis show that coach gender has no significant impact on the likelihood of advancing, providing no evidence for ability as a potential explanation for the decline in women coaches. In the subsample analysis, while we find that men coaches have higher predicted probabilities of tournament appearances in non-Power Five conferences, women coaches are more successful in the elite Power Five conferences, where they have been losing the most ground in coaching positions.

Abstract

Barbara Bergmann’s exploration of gender issues, especially the intra-house division of labor and marriage theory, was a central focus in early feminist economics (1970–1980s). Trained in mathematics and economics, she initially examined race and gender-based occupational segregation. Her scrutiny of gender inequality in the labor market led her to investigate resource distribution within families and spousal labor division, rejecting Becker’s New Home Economics. This paper has a twofold aim: First, showcasing Bergmann’s impact on intra-house power dynamics, primarily critiquing Becker's neoclassical approach; second, revealing her feminist agenda through lesser-known materials, whether unpublished or in the popular press.

Abstract

We describe the Fed Challenge Project, an experiential learning project for a Money and Banking course. In this project, modeled after the College Fed Challenge Competition, student teams present on the current state of the economy and create and defend monetary policy recommendations. The project gives students an opportunity to enhance their knowledge of monetary policy and develop important economic skills including data analysis and visualization, critical thinking, research, communication, and collaboration. Three elements of the project—relevancy of content, a combination of individual and collaborative work, and the inclusion of common and creative aspects—combine to enhance learning objectives.

The power of an inverted yield curve to predict recessions is widely discussed in the financial press, yet most undergraduate textbooks provide little discussion of this stylized fact. This paper fills this gap by extending a 3-equation textbook model to include an accessible treatment of a term structure of interest rates formed by the one-period policy rate and a two-period rate that obeys the Fisher Equation. The Phillips curve features partially anchored adaptive expectations, while financial markets and the central bank have perfect foresight. Using this framework, we show that raising the policy rate in response to an inflation shock inverts the yield curve. Whether this inversion foreshadows a recession, however, depends on the bank’s monetary policy rule, which we illustrate using numerical examples. In particular, we show that, with anchoring and an output-gap averse central bank, inflation can stabilize and the yield curve can invert without an ensuing recession.

Abstract

We analyse the effects of sanctions implemented by the European Union against Russia following the latter’s annexation of Crimea in 2014. Indirect effects of sanctions on its non-prohibited exports to Russia are examined using a gravity model of trade that includes a time varying sanction index. A per country analysis is also incorporated to increase the granularity of the results. We find that sanctions led to a decrease in exports of non-prohibited products from certain European countries (i.e., the “losers”) while increasing such exports from others (i.e., the “winners”), an outcome that qualifies as an “unintended consequence” of the sanctions.