Business, Government & the International Economy
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- September 2023
- Case
The Globalization of Martini & Rossi, 1863-2023
By: Sophus A. Reinert and Lorena Barale- September 2023
- Case
The Globalization of Martini & Rossi, 1863-2023
By: Sophus A. Reinert and Lorena Barale -
- 2023
- Working Paper
The Irredeemability of the Past: Determinants of Reconciliation and Revenge in Post-Conflict Settings
By: Kristen Kao, Kristin Fabbe and Michael Bang PetersenIn the aftermath of violent conflict, identifying former enemy collaborators versus innocent bystanders forced to flee violence is difficult. In post-conflict settings, internally displaced persons (IDPs) risk becoming stigmatized and face difficulties reintegrating into society. This work considers the role of moral disapproval and future social value in processes of post-conflict reconciliation with stigmatized IDPs. We run two conjoint experiments embedded within a large-N face-to-face survey across three areas of Iraq (n=4,592) experiencing the return of stigmatized IDPs, many of whom are suspected of having collaborated with the Islamic State in Iraq and Syria (ISIS). Immutable factors related to a stigmatized IDP’s past behavior, namely the severity of a transgression and the volition behind it, are the strongest predictors of both reconciliation and revenge. Transitional justice mechanisms signaling the IDP’s present and future redemption have little to no impact. Analyses employing cognitive and emotional statistical mediators further demonstrate that past behavior shapes justice intuitions because it simultaneously activates a past-oriented moral condemnation and a future-oriented heuristic assessment of the value and risks of associating with the stigmatized individual. This orientation towards past behavior is consistent irrespective of major individual differences including trust in the involved institutions, ISIS victimization, and ethnic identity. These findings highlight the mounting challenges involved in transitional justice in the aftermath of violent conflict and suggests that fact-finding missions are key to re-integrating the millions of displaced persons currently in Iraq and elsewhere.
- 2023
- Working Paper
The Irredeemability of the Past: Determinants of Reconciliation and Revenge in Post-Conflict Settings
By: Kristen Kao, Kristin Fabbe and Michael Bang PetersenIn the aftermath of violent conflict, identifying former enemy collaborators versus innocent bystanders forced to flee violence is difficult. In post-conflict settings, internally displaced persons (IDPs) risk becoming stigmatized and face difficulties reintegrating into society. This work considers the role of moral disapproval and future social...
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- 2023
- Working Paper
Large Shocks Travel Fast
By: Alberto Cavallo, Francesco Lippi and Ken MiyaharaWe leverage the inflation upswing of 2022 and various granular datasets to identify robust price-setting patterns following a large supply shock. We show that the frequency of price changes increases dramatically after a large shock. We set up a parsimonious New Keynesian model and calibrate it to fit the steady-state data before the shock. The model features a significant component of state-dependent decisions, implying that large cost shocks incite firms to react more swiftly than usual, resulting in a rapid pass-through to prices--large shocks travel fast. Understanding this feature is crucial for interpreting recent inflation dynamics.
- 2023
- Working Paper
Large Shocks Travel Fast
By: Alberto Cavallo, Francesco Lippi and Ken MiyaharaWe leverage the inflation upswing of 2022 and various granular datasets to identify robust price-setting patterns following a large supply shock. We show that the frequency of price changes increases dramatically after a large shock. We set up a parsimonious New Keynesian model and calibrate it to fit the steady-state data before the shock. The...
About the Unit
The BGIE Unit conducts research on, and teaches about, the economic, political, social, and legal environment in which business operates. The Unit includes scholars trained in economics, political science, and history; in its work, it draws on perspectives from all three of these disciplines.
The following demonstrates one way of classifying the approaches the Unit takes to learning and teaching.
- The Unit examines the “rules” and policies established by government and other non-business institutions that affect business in the United States.
- The Unit turns to history to understand the origins of today’s business environment as well as some of the alternatives that have emerged from time to time.
- The Unit examines other countries’ business environments and their historical development.
- The BGIE group is deeply interested in the impact of globalization and the way rules are emerging to govern international economic transactions as globalization proceeds.
Recent Publications
IFC Italy Scavenger Hunt
- September 2023 |
- Exercise |
- Faculty Research
The Globalization of Martini & Rossi, 1863-2023
- September 2023 |
- Case |
- Faculty Research
The Irredeemability of the Past: Determinants of Reconciliation and Revenge in Post-Conflict Settings
- 2023 |
- Working Paper |
- Faculty Research
Large Shocks Travel Fast
- 2023 |
- Working Paper |
- Faculty Research
(Un)principled Agents: Monitoring Loyalty after the End of the Royal African Company Monopoly
- Summer 2023 |
- Article |
- Business History Review
The Globalization of Martini & Rossi, 1863-2023
- August 2023 |
- Teaching Note |
- Faculty Research
Italy at a Crossroads
- August 2023 |
- Case |
- Faculty Research
Turning Away From the State: Trade Shocks and Informal Insurance in Brazil
- 2022 |
- Working Paper |
- Faculty Research
Harvard Business Publishing
Seminars & Conferences
There are no upcoming events.