Mark M Spiegel
Biographic Data
| ID | 1145790 |
|---|---|
| NAME | Mark M Spiegel |
| GIVEN NAMES | Mark M |
| FAMILY NAME | Spiegel |
| SIGNATURE | SPIEGEL M M |
| AFFILIATIONS | Federal Reserve Bank of San Francisco |
| ORCID | 0000-0002-1931-5382 |
| VERIFIED | Yes |
| TOTAL WORKS | 11 |
| TOTAL CITATIONS | 58 |
| AUTHOR COUNT | 11 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1986 |
| LATEST PUBLICATION YEAR | 2019 |
| H-INDEX | 3 |
Sentiments and Economic Activity: Evidence from US States
We examine whether sentiment influences aggregate demand by studying the relationship between the Michigan Survey expectations concerning national output growth and future economic activity at the state level. We instrument for local sentiments with political outcomes, positing that agents in states with a higher share of congressmen from the political party of the sitting President will be more optimistic. This instrument is strong in the first …
Reestablishing the Income-Democracy Nexus
A number of recent empirical studies have cast doubt on the "modernization theory" of democratization, which posits that increases in income are conducive to increases in democracy levels. This doubt stems mainly from the fact that while a strong positive correlation exists between income and democracy levels, the relationship disappears when one controls for country fixed effects. This raises the possibility that the correlation in the data refl…
The Olympic Effect
Why should countries offer to host costly 'mega‐events' such as the Olympic Games? We show that hosting a mega‐event increases exports. This effect is statistically robust, permanent and large; trade is over 20% higher for host countries. Interestingly, unsuccessful bids to host the Olympics have a similar impact on exports. We conclude that the Olympic effect on trade is attributable to the signal a country sends when bidding to host the games, …
International financial remoteness and macroeconomic volatility
Offshore Financial Centres: Parasites or Symbionts
This article analyses the causes and consequences of offshore financial centres (OFCs). While OFCs are likely to encourage bad behaviour in source countries, they may also have unintended positive consequences, such as providing competition for the domestic banking sector. We derive and simulate a model of a home country monopoly bank facing a representative competitive OFC which offers tax advantages attained by moving assets offshore at a cost …
Does State Economic Development Spending Increase Manufacturing Employment
Burden sharing” in sovereign debt reduction
Threshold effects in international lending
Regional Competition for Domestic and Foreign Investment: Evidence from State Development Expenditures
The role of human capital in economic development evidence from aggregate cross-country data
Inter Views
The Olympic Effect
Why should countries offer to host costly 'mega‐events' such as the Olympic Games? We show that hosting a mega‐event increases exports. This effect is statistically robust, permanent and large; trade is over 20% higher for host countries. Interestingly, unsuccessful bids to host the Olympics have a similar impact on exports. We conclude that the Olympic effect on trade is attributable to the signal a country sends when bidding to host the games, …
Offshore Financial Centres: Parasites or Symbionts
This article analyses the causes and consequences of offshore financial centres (OFCs). While OFCs are likely to encourage bad behaviour in source countries, they may also have unintended positive consequences, such as providing competition for the domestic banking sector. We derive and simulate a model of a home country monopoly bank facing a representative competitive OFC which offers tax advantages attained by moving assets offshore at a cost …
Sentiments and Economic Activity: Evidence from US States
We examine whether sentiment influences aggregate demand by studying the relationship between the Michigan Survey expectations concerning national output growth and future economic activity at the state level. We instrument for local sentiments with political outcomes, positing that agents in states with a higher share of congressmen from the political party of the sitting President will be more optimistic. This instrument is strong in the first …
International financial remoteness and macroeconomic volatility
Does State Economic Development Spending Increase Manufacturing Employment
Threshold effects in international lending
Inter Views
The role of human capital in economic development evidence from aggregate cross-country data
Threshold effects in international lending
Regional Competition for Domestic and Foreign Investment: Evidence from State Development Expenditures
Burden sharing” in sovereign debt reduction
Does State Economic Development Spending Increase Manufacturing Employment
Offshore Financial Centres: Parasites or Symbionts
This article analyses the causes and consequences of offshore financial centres (OFCs). While OFCs are likely to encourage bad behaviour in source countries, they may also have unintended positive consequences, such as providing competition for the domestic banking sector. We derive and simulate a model of a home country monopoly bank facing a representative competitive OFC which offers tax advantages attained by moving assets offshore at a cost …
International financial remoteness and macroeconomic volatility
Reestablishing the Income-Democracy Nexus
A number of recent empirical studies have cast doubt on the "modernization theory" of democratization, which posits that increases in income are conducive to increases in democracy levels. This doubt stems mainly from the fact that while a strong positive correlation exists between income and democracy levels, the relationship disappears when one controls for country fixed effects. This raises the possibility that the correlation in the data refl…
The Olympic Effect
Why should countries offer to host costly 'mega‐events' such as the Olympic Games? We show that hosting a mega‐event increases exports. This effect is statistically robust, permanent and large; trade is over 20% higher for host countries. Interestingly, unsuccessful bids to host the Olympics have a similar impact on exports. We conclude that the Olympic effect on trade is attributable to the signal a country sends when bidding to host the games, …
Sentiments and Economic Activity: Evidence from US States
We examine whether sentiment influences aggregate demand by studying the relationship between the Michigan Survey expectations concerning national output growth and future economic activity at the state level. We instrument for local sentiments with political outcomes, positing that agents in states with a higher share of congressmen from the political party of the sitting President will be more optimistic. This instrument is strong in the first …
Economics (10 works) · Macroeconomics (5 works) · Monetary economics (5 works) · Business (4 works) · Finance (4 works) · Fiscal Policy and Economic Growth (4 works) · Banking stability, regulation, efficiency (3 works) · Economic theories and models (3 works) · Global Financial Crisis and Policies (3 works) · State (computer science (3 works)