Is Technology Hurting Productivity?
In recent years, productivity growth in developed economies has been stagnating. The most prominent explanations of this trend involve technology.
Research
Business Leaders Can Reverse the ‘Implosion of Trust’
With Congress fractured by hyperpartisanship and the media hindered by accusations of bias and “fake news,” it appears unlikely that these two traditional sources of leadership can fully regain the tr
Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy
This paper examines the choice between subsidizing investment or output to promote socially desirable production.
Exponential Innovation and Human Rights: Implications for Science and Technology Diplomacy
The international community has historically maintained hope that advances in science and technology offer humanity a wide range of options for improving its well-being.
Gains from Digitization: Evidence from Gift-Giving in Music
In this paper, we focus on recorded music gifts during the holiday season and estimate the reduction in deadweight loss due to the transition from physical CD gift-giving to digital music gift-giving
VIX Surge is a Wake-up Call for Investors
The recent stock-market correction—the first in the U.S.
Collective Action in an Asymmetric World
A central authority possessing tax and expenditure responsibilities can readily provide an efficient level of a public good.
African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation
The power of Pan-Africanism as a guiding vision for the continent’s development is widely studied, mostly as an aspirational phenomenon.
Unequal Rewards to Firms: Stock Market Responses to the Trump Election and the 2017 Corporate Tax Reform
Massive dollars shuttled back and forth among firms on the twisted path to and passage of the 2017 tax reform.
Trading Networks and Equilibrium Intermediation
We study an economy where intermediaries facilitate exchange between a supplier and consumers.
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