Latest Events & Seminars
The quiet erosion of central bank independence
Isabel Schnabel (ECB) will deliver the Fifth Annual Charles Goodhart Lecture.
The Unanchored Central Banker
The Unanchored Central Banker, written by Charles Goodhart and Manoj Pradhan, is...
Latest News
Latest Publications
Shareholder Empowerment and Ownership Structure in a Free-Contracting Environment
We study how firms choose to allocate control over strategic corporate decisions between shareholders and management in a historical setting where...
Price discovery with a richer market microstructure noise
We show that the standard econometric framework typically yields inconsistent estimates of price discovery measures in the presence of richer market...
Time-varying price discovery
We formulate a price discovery model in which the price discovery measures vary either locally, say, for instance, at intervals of 30 minutes or at a...
Biased Promotions
We present a model of biased promotions in which firm size, wages, and internal labor markets are endogenously determined in a competitive labor...
