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Copy Citation Michael P. Keane, Timothy Neal, and Patrick Vu, “Instrument Hacking,” NBER Working Paper 35633 (2026), https://doi.org/10.3386/w35633. Copy to Clipboard Download Citation
Stock splits usually occur for one reason: the stock price has become too high to use as currency for paying employees. This is typically indicative of a stock that has done well over time, as there’s only one way to get to a point where the stock is too expensive to use as currency: It…
The author order was determined using the American Economic Association’s (AEA) randomized author order tool (confirmation code: 97bxnitDoKnK). The study was pre-registered in the AEA RCT Registry (AEARCTR-0016106). We are grateful for financial support from the Abdul Latif Jameel Poverty Action Lab (J-PAL) North America, the Texas A&M Bush School Seed Grant, and the Strada…
The Mexican Peso (MXN) depreciates against the US Dollar (USD) on Friday, down by over 0.42% on hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium. This prompted investors to price in a potential rate hike in 2026, a tailwind for the Greenback. The USD/MXN pair trades at 17.04, after…
The world is undergoing a historical and cultural rupture. Just as Hollywood and other American exports once gave the rest of the world a glimpse of modern life and the future that awaited them, China is now doing the same for African, Latin American, and even American young people. BERLIN—For much of the 20th century,…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 17, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT The Federal Open Market Committee approved the following statement for release by a 12…
