Foreign investors have tilted their portfolios toward dollar-denominated assets over the last two decades. The researchers document a sixfold increase in nominal foreign holdings of USD-denominated ...

The Tax Cuts and Jobs Act (TCJA) of 2017 was the most significant reform to corporate taxation in the US in nearly four decades. It reduced the top corporate income tax rate from 35 to 21 percent, ...

Federal Early Intervention (EI) serves 426,000 children 0-3 with a disability, 3.7% of the entire population under three. EI’s objective is to support families in caring for their children’s special ...

Receipt of P-EBT payments during the pandemic reduced reported food insufficiency by 30 percent.

This paper explores past episodes of technological disruption in the US labor market, with the goal of learning lessons about the likely future impact of artificial intelligence (AI). We measure ...

This study explores this question using data from the 2015-2021 State Youth Behavior Surveys. We find that a one-dollar (in 2021$) per mL of e-liquid increase in ENDS taxes reduces the likelihood of ...

Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the top of policy agendas and created the impression that shortages would have been less severe if GSCs were ...

By analyzing three types of individuals who signal their victim status with different personalities and incentives, we derive the honest, dishonest and unfunded equilibria as well as the mixed ...

This volume presents the latest thoughts of a group of young economists on one of the most persistent economic problems facing the United States and the world, inflation. Rather than attempting an ...

New research by NBER affiliates, circulated prior to peer review for discussion and comment. NBER Working Papers may not offer policy recommendations or normative judgments about policies, but may ...

“Leaning against the wind” (LAW), that is, tighter monetary policy for financial-stability purposes, has costs in terms of a weaker economy with higher unemployment and lower inflation and possible ...