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The official account of the Review of Economic Studies, one of the world's top economics journals.

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This paper started with data. We were convinced that the discrepancy between book and market values of banks was key to understanding the data. We then developed a theory where, with a simple model, only one state variable driving Tobin's Q, you can explain several data moments.

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"We provide a guide for researchers on how to estimate gene-environment (GxE) interplay, using school-starting age as a case study. We argue that gene-environment (G x E) studies can help

(i) assess treatment effect heterogeneity,
(ii) test theoretical predictions, and 👇

1/

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"We are thrilled to share that our latest research is now published in @RevEconStudies! 🎉Check it out here:
https://www.restud.com/a-q-theory-of-banks/

We look forward to hearing your thoughts! "

@JulianeBegenau, @SakiBigio, Majerovitz, and Vieyra

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