Library News for Economics

New database through WRDS

Eventus, an event studies database, is now available through WRDS.

• To use Eventus, you must have a WRDS account.   
• To request a WRDS account, you must be a faculty member or working on a specific project for a faculty member. Here's the link: http://wrds.wharton.upenn.edu/wrdsauth/account_req.shtml 
• For a complete list of databases available through WRDS:     http://wrds.wharton.upenn.edu/demo/databaselist.shtml

The business school’s subscription to WRDS includes the databases listed below.

For details on dataset permissions within each group, see My Permissions in my.WRDS (you must have a WRDS account to use this feature):

• COMPUSTAT North America
• CRSP
• ComScore
• I/B/E/S
• NYSE TAQ
• Thompson Financial

Free access data sets:

·         Bank Regulatory ·         Blockholders ·         CBOE Indexes ·         DMEF ·         Dow Jones ·         FDIC ·         Fama French, Momentum, and Liquidity ·         Federal Reserve Bank Reports ·         PHLX ·         Penn World Tables ·         SEC Disclosure of Order Execution ·         TRACE

Eventus performs event studies using data read directly from CRSP stock databases or pre-extracted from any source. The Eventus system includes utility programs to convert calendar dates to CRSP trading day numbers, convert CUSIP identifiers to CRSP permanent identification numbers, and extract event study cumulative or compounded abnormal returns for cross-sectional analysis.

Eventus provides user control over estimation periods and cumulative return windows, a choice of raw, comparison period mean adjusted, market adjusted or market model abnormal returns. Simple statements allow the researcher to run a complete event study, from reading the CRSP stock database to print results, with a program as short of as four lines.

WRDS has created several Eventus web queries that allow the user to execute different Eventus programs without the need of knowing the details about Eventus syntax. Below is a short description of the web queries that are available:

• Basic Event Study includes four of the most common event Studies:
• Basic Event Study (Daily and Monthly) executes an event study with daily or monthly data centered on a single date for each firm. It is the most common and simple event study.
• Fama French Basic (Daily and Monthly) executes an event study that uses the Fama French factors as benchmark.
• Eventus Alternative runs an event study using either the "Calendar-time Portfolio" or the "Ibbotson Rats" Approach both for the market model and the Fama-French Approach.
• Output for Cross-sectional Analysis web query produces a SAS dataset containing the cumulative abnormal return for each firm and specified window for further cross-sectional analysis.
• Event Parameter Apporach web query performs a joint estimation of the parameters and the abnormal returns.

Economics Books Added to Collection

Here is a sample of books on economics which were added to the collection in the past 6 months.

The location of each book is noted in parentheses after the listing. You can have books delivered to the library of your choice- just look up the title in the Olin Catalog and click on Request.

1. Audretsch, David B. Entrepreneurship and economic growth Oxford University Press Inc. 2006. (Social Work Library)

2. Babbitt, BruceE.Cities in the wilderness : a new vision of land use in America. Shearwater Books/Island Press 2005. (Olin Library)

3. Barnes, Andrew Scott. Owning Russia: the struggle over factories, farms, and power Cornell University Press 2006. (Olin Library)

4. Bromley, Daniel W., 1940- Sufficient reason : volitional pragmatism and the meaning of economic institutions. Princeton University Press 2006.

5. China : the balance sheet : what the world needs to know now about the emerging superpower PublicAffairs.2006 (Olin Library)

6. De la Dehesa, Guillermo. Europe at the crossroads : will be EU ever be able to complete with the United Statesas an economic power? Mcgraw-Hill Book Company Europe.2006. (Olin Library)

7. Erkulwater, Jennifer L. Disability rights and the American social safety net. Cornell U Press 2006.(Social Work Library)
8. Global corporate power (International political economy yearbook. (Cloth ed.), v.15) Lynne Rienner Pubs Inc.2006. (Business Library)

9. Higgs, Robert. Depression, War, and Cold War : studies in political economy Oxford University Press Inc.2006. (Olin Library)

10. The human face of global mobility : international highly skilled migration in Europe, North America and the Asia-Pacific (Comparative urban & community research, v.8) Transaction Publishers.2006 (Olin Library)

11. Juhasz, Antonia. The Bu$h agenda : invading the world, one economy at a time ReganBooks/HarperCollins 2006.(Olin Library)

12. Lodge, George C. A corporate solution to global poverty : how multinationals can help the poor and invigorate their own legitimacy Princeton University Press 2006.(Business Library, Social Work Library)

13. Kapstein, Ethan B. Economic justice in an unfair world: toward a level playing field Princeton University Press 2006.(Olin Library)

14. McCloskey, Deirdre N. The bourgeois virtues : ethics for an age of commerce University of Chicago Press. 2006. (Business Library)

15. Miwa, Yoshiro. The fable of the keiretsu : urban legends of the Japanese economy Universityof Chicago Press.2006. (Business Library)

16. Moreno, Paul D. Black Americans and organized labor: a new history Louisiana State University Press 2006. (Social Work Library)

17. Nest, Michael Wallace. The Democratic Republic of Congo: economic dimensions of war and peace (InternationalPeaceAcademyoccasional paper series) Lynne Rienner Pubs Inc. 2006. (Olin Library)

18. Poverty traps Russell Sage Foundation / Princeton University Press 2006.(Social Work Library)
19. Ross, Andrew. Fast boat to China: corporate flight and the consequences of free trade : lessons from Shanghai Pantheon 2006. (Business Library)

20. Schoppa, Leonard J. . Race for the exits : the unraveling of Japan's system of social protection Cornell University Press 2006. (Olin Library)

21. Smith, Roy C. Governing the modern corporation : capital markets, corporate control and economic performance Oxford University Press Inc 2006. (Business Library)

22. Research in economic history, v.23 / edited by Alexander J. Field ; co-edited by Gregory Clark, William A. Sundstrom. JAI Press/Elsevier Science Pub.2006. (Olin Library)
23. Santiso, Javier. Latin America's political economy of the possible : beyond good revolutionaries and free marketeers MIT Press.2006 (Olin Library)

24. Weber, Leonard J. Profits before people? : ethical standards and the marketing of prescription drugs (Bioethics and the humanities) Indiana University Press.2006. (Business Library)

25. Wolff, Edward N. Does education really help? : skill, work, and inequality / Edward N. Wolff. Century Foundation/Oxford U Pr, N Y.2006 (Olin Library)

For  a more finetuned search for new books in your particular area...

1. Search in the catalog... Change from a word search to  "Subject"(using the pull down menu). 
2. Then put in the terms (like econometrics) and
3. Rank the results by date, instead of Relevance, by using the box in the top right of the screen.