The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly
Unemployment is low and inflation is falling, but consumer sentiment remains depressed.
Research
“Things fall apart, the center cannot hold”: fractionalized and polarized party systems in Western democracies
Jean Blondel made many lasting contributions toward comparative politics, not least in his classification of party systems in Western democracies.
Medicare price negotiation and pharmaceutical innovation following the Inflation Reduction Act
The Inflation Reduction Act (IRA) requires Medicare to negotiate lower prices for some medicines with high Medicare spending.
Redesigning Federal Student Aid in Sub-Baccalaureate Education
We study the equilibrium impact of student aid design in the United States market for sub-baccalaureate higher education.
America Is Suffering From a Resolve Gap
What Washington should do when its opponents prove more determined to get their way
Help for the Heartland? The Employment and Electoral Effects of the Trump Tariffs in the United States
We study the economic and political consequences of the 2018-2019 trade war between the United States, China and other US trade partners at the detailed geographic level, exploiting measures of local
Using Satellite Imagery to Detect the Impacts of New Highways: An Application to India
This paper integrates daytime and nighttime satellite imagery into a spatial general-equilibrium model to evaluate the returns to investments in new motorways.
Why Supporting Ukraine Enhances US National Security
While the United States has valid reasons to avoid a direct confrontation with Russia, supporting Ukraine’s war effort should be a top foreign-policy priority.
The Mismeasurement of Work Time: Implications for Wage Discrimination and Inequality
Comparing measures of work time in the recall CPS-ASEC data with contemporaneous measures reveals many logical inconsistencies and probable errors.
On the design of effective sanctions: the case of bans on exports to russia
We build on Baqaee and Farhi (2019, 2021) and derive a theoretically-grounded criterion that allows targeting bans on exports to a sanctioned country at the level of ~5000 6-digit HS products.
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