"Convexity dominates risk premia in long-term forward rates"

"The Political Economy of Medicaid: Partisanship, Eligibility, and the Consequences of Cost-Saving Measures" Abstract: We explore the linkages between government ideology in U.S. states and geographic variation in Medicaid program design and operations. Medicaid eligibility criteria tend to be more generous in liberal states. Simultaneously, fee-for-service reimbursement rates for physician services have been notably lower in liberal states. These two patterns lead to the following question: to what extent does the partisan composition of the government drive eligibility and reimbursement…

LTI seminar

LTI seminar