This article is based on the author's Homer Jones Memorial Lecture delivered at the Federal Reserve Bank of St. Louis, April 6, 2016.
This paper presents the first-ever comprehensive estimate of the total economic value of the National Parks Service. The estimate covers…
Recent research has stressed the importance of long-run place effects on income and economic mobility, but the literature has struggled to…
In this paper we provide a model of Research Joint Venture (RJV), and study the incentives of competing firms to cooperate in product…
When it comes to the rise in economic inequality since the 1970s in the United States and some other advanced economies, it doesn’t really…
This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists…
Now that the long-awaited text of the Trans-Pacific Partnership agreement has been released, Congress will have to decide whether to ratify…
The excise tax on high-cost health care plans, the so-called Cadillac tax, is good policy. Congress should side with President Obama and…
The paper reviews an event of 30 years ago from the perspective of today: a successful G-5 initiative to reverse what had been a…