Publications

The Handbook of Research on Identity Theory in Marketing features cutting-edge research that delves into the origins and consequences of identity loyalty and organizes these insights around five basic identity principles that span nearly…

In late 2008, the world’s financial system was teetering on the brink of systemic collapse. While the impacts of the global financial crisis would be felt immediately, at every level of the economy, it would also send years-long aftershocks…

Prepared for the 2019 Jackson Hole Symposium hosted by the Kansas City Federal Reserve Bank.

The U.S. dollar exchange rate clears the global market for dollar-denominated safe assets. We find that shifts in the demand and supply…

We examine theoretically the role of reserves management and macro-prudential capital controls as ex-post and ex-ante safeguards, respectively, against sudden stops, and argue that these measures are complements rather than …

Over the past twenty years, especially the past decade, China has taken enormous strides to develop its bond market as an integral step of financial reform, along with its tremendous effort in interest rate liberalization and internalization of…

This chapter discusses the insights yielded by studies examining inter- and intra-movement diffusion, with an eye toward understanding what diffuses, through which channels, and the catalysts to the diffusion process. It also discusses the…

Do the activities of social movements (e.g., public protest, shareholder activism, boycotts, and sabotage) impact businesses, and if so, how do they impact businesses? When confronted by activist demands, how do firms respond, and does this…

The United Nations approach to climate policy is and has been to focus on emission caps. Since emission of greenhouse gases is the direct cause of human-made climate change, capping country-specific emissions may at first appear to be a precise…

In this state-of-the-art textbook, a distinguished team of established experts and rising scholars discuss the legacy of the Obama years and the impact of the unexpected Trump presidential victory of 2016. Carrying on the tradition set by its…

This paper provides an assessment of the early contributions of machine learning to economics, as well as predictions about its future contributions. It begins by briefly overviewing some themes from the literature on machine learning, and then…

Social scientists have long recognized the role that trust plays in shaping the course of intergroup relations. However, little attention has been afforded to explicating the foundations of trust in intergroup contexts. A primary aim of the…

The financial system is meant to facilitate efficient allocation of resources, helping people and businesses fund, invest, save, and manage risks. This system is rife with conflicts of interests. Reckless practices, uncontrolled by market forces…

This opening chapter of the Handbook of Heroism and Heroic Leadership offers insights and inspiration about the zenith of human behavior. The contributions to this volume offer a sturdy foundations for the development of a…

Purpose – This chapter provides a framework that captures the fundamental impacts of power at the individual, dyadic, small group, and organizational levels. Within each level, we trace the psychological, cognitive, and behavioral consequences of…

How people fit into social groups is a core topic of investigation across multiple sociological subfields, including education, immigration, and organizations. In this chapter, we synthesize findings from these literatures to develop an…