We conduct a survey experiment with a large, politically representative sample of U.S. consumers (5,205 participants) to study how perceptions of the U.S. Federal Reserve’s (Fed) political stance ...

Social Security Disability (SSD) program beneficiaries, like other consumers, have been negatively affected by inflation over the past several years. In a survey from June of 2023, more than half (59 ...

Using confidential administrative data from the U.S. Census Bureau we revisit how the rise in Chinese import penetration has reshaped U.S. local labor markets. Local labor markets more exposed to the ...

Governments use short-time work (STW) schemes to subsidize job preservation during crises. We study the take-up of STW and its effects on worker outcomes and firm behavior using German administrative ...

We examine the mental wellbeing of the young in 18 Latin American countries using data from five cross-country comparative studies plus cross-sectional and quarterly time series data for a single ...

In HANK models, fiscal deficits drive aggregate demand and thus inflation because households are non-Ricardian; in the Fiscal Theory of the Price Level (FTPL), they instead do so via equilibrium ...

We quantify the U.S. corporate sector's carbon externality by computing the sector's “carbon burden”—the present value of social costs of its future carbon emissions. Our baseline estimate of the ...

We study the relationship between tariffs and labor productivity in US manufacturing between 1870 and 1909. Using highly dis-aggregated tariff data, state-industry data for the manufacturing sector, ...

How does economic modernization affect group identity? Modernization theory emphasizes how labor migration led to the adoption of common identities. Yet economic development may reduce incentives to ...

Amid growing interest in industrial policy, we develop a model exploring the tension between market-driven information discovery and policymakers' career incentives. While market-based information ...

Studies of racial discrimination often condition on endogenous measures of race or on earlier decisions that might themselves be affected by discrimination. We develop quasi-experimental tools for ...

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