We found that audits yield fewer violations when the audit team had been at that particular supplier before when audit teams are less experienced or less trained when audit teams are all male and when the audits were paid for by the supplier instead of by the buyer. We describe implications for firms relying on social auditors and for auditing firms. Publisher s link http hbs faculty Pages item.aspx num WORKING PAPERS Monetary Policy Drivers of Bond and Equity Risks By Campbell John YCarolin E.

Pflueger and Luis M. Viceira ABSTRACT—How do monetary policy rules monetary policy uncertainty and macroeconomic shocks affect the risk properties of U.S. Treasury bonds The exposure of U.S. Treasury bonds to the stock market has moved considerably over time. While it was Poland Mobile Number List slightly positive on average over the period it was unusually high in the s and negative in the s a period during which Treasury bonds enabled investors to hedge macroeconomic risks. This paper develops a New Keynesian macroeconomic model with habit formation preferences that prices both bonds and stocks.



The model attributes the increase in bond risks in the s to a shift towards strongly anti inflationary monetary policy while the decrease in bond risks after is attributed to a renewed focus on output fluctuations and a shift from transitory to persistent monetary policy shocks. Endogenous responses of bond risk premia amplify these effects of monetary policy on bond risks.  Pages item.aspx num Mums the Word Cross national Effects of Maternal Employment on Gender Inequalities at Work and at Home By McGinn Kathleen L. Mayra Ruiz Castro and Elizabeth Long Lingo ABSTRACT—Our research considers how inequalities in the public and the private spheres are affected by childhood exposure to non traditional gender role models at home.