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New Economic Findings

Civil Response to Government Alerts Declines During Russian Invasion of Ukraine

David Van Dijcke, Mark Polyak, Austin Wright

This research finds that civilians respond sharply to threat alerts overall, quickly seeking shelter, but their response attenuates over time; 8-15% of civilian casualties during later periods of the Russia-Ukraine conflict could have been avoided with sustained public responsiveness to government alerts. View Finding • View Working Paper

Know Your Customer: Informed Trading by Banks

Rainer Haselmann, Christian Leuz, Sebastian Schreiber

Banks’ lending relationships inform their trading and underscore the potential for conflicts of interest in universal banking, despite regulatory attempts to limit such exposure. 
View Finding • View Working Paper

When Information Conflicts with Obligations: The Role Of Motivated Cognition

Ao Wang, Shaoda Wang, Xiaoyang Ye

To effectively disseminate important information on polarized issues such as climate change, vaccination, etc., it is crucial to first identify and intervene against the underlying fundamental values that might prevent individuals’ accurate digestion of the high-stakes information. View Finding • View Working Paper

New Podcast Episode

Tax vs Ban: The Unexpected Results on Gun Sales

In this episode, we’re talking about guns. Chicago Booth economist Brad Shapiro has quantified—for the first time—American consumer demand for guns, and how that demand shifts in response to different regulations, including bans and taxes. He was surprised by some of the findings, which offer new and important insights for ongoing gun policy debates. Listen Here

Upcoming Events

China Biweekly Seminar on Public Economics: The Decline of Public Hospitals in the US

November 9, 2022

Speaker: Mark Duggan


Capital Market Development: China and Asia Seminar Series – Serial Entrepreneurship in China

November 16, 2022

Speaker: Loren Brandt

Expanding Diversity in Economics Information Sessions

Engage with EDE staff and program alumni to learn more about this transformative experience for students interested in exploring economics. The next session is scheduled for Monday, November 7, with more sessions available through February. 
Register for a SessionLearn More About EDE
Upcoming Partner Events

Harris School of Public Policy

The 2022 Midterms - What Happened and What Lies Ahead

November 9, 2022

 

Harris School of Public Policy

Streets of Gold: A Fireside Chat with Author Leah Boustan

November 10, 2022

Media Highlights

YAHOO NEWS

VOA NEWS

Satellites Shed Light on Dictators' Lies About Economic Growth

Luis Martinez

CRAIN'S CHICAGO BUSINESS

CNBC

The Peak Fed Funds Rate Could be Over Five and Get to Six, Says Former Fed Governor

Randall Krosnzer

CNBC

Four Experts Break Down Strong Third-Quarter US GDP Data

Austan Goolsbee


WIRED

When Your Neighbor Turns You In

Tom Ginsburg

Trending/From the Archives

RESEARCH BRIEF
IQ, Expectations, and Choice and Human Frictions in the Transmission of Economic Policy

Francesco D’Acunto, Daniel Hoang, Maritta Paloviita, Michael Weber

Based on Finnish data that measures, in part, consumers’ awareness and understanding of the economy and economic policy, the authors find that only the most intelligent consumers are aware of policy and its impact and, therefore, alter their behavior. This finding not only suggests that policies like forward guidance have little chance to succeed, but also that these policies may be inherently discriminatory because they favor those consumers with the wherewithal to react accordingly.
View Brief  View Working Paper 1 • View Working Paper 2

WORKING PAPER

Social Media and Xenophobia: Evidence from Russia

Leonardo Bursztyn, Georgy Egorov, Ruben Enikolopov, Maria Petrova

This paper studies the causal effect of social media on ethnic hate crimes and xenophobic attitudes in Russia using quasi-exogenous variation in social media penetration across cities. Higher penetration of social media led to more ethnic hate crimes, but only in cities with a high preexisting level of nationalist sentiment. Consistent with a mechanism of coordination of crimes, the effects are stronger for crimes with multiple perpetrators. The authors implement a national survey experiment and show that social media persuaded young and low-educated individuals to hold more xenophobic attitudes, but did not increase respondents’ openness to expressing these views. These results are consistent with a simple model of social learning where penetration of social networks increases individuals’ propensity to meet like-minded people. View Paper
Opportunities at BFI
Interested in joining the team at BFI? Check out our openings at the BFI Job Board below. 
BFI Job Board

Frontier research, global impact.
The Becker Friedman Institute for Economics at the University of Chicago advances inquiry that illuminates our choices, our economy, our society, and our future. Learn more at bfi.uchicago.edu.
 



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