“Assessing Pacification Policy in Iraq: Evidence from Iraqi Financial Markets” by Eric Chaney . Comments by Steven Davis NBER Conference on Economics of National Security July 27, 2007. Sensible Ideas.
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Comments by Steven Davis
NBER Conference on
Economics of National Security
July 27, 2007
Tables 1 and 2
“Since efficient markets aggregate available information faster and more objectively than any individual or agency could,…”
There are at least three issues:
Private Information Holders Who Don’t Trade
Incomplete Revelation of Traders’ Information
Drawing Inferences in Real Time
Regime survival ≠ policy success ≠ Iraqi welfare.
How to elicit Iranian cooperation?