Benefits for older Americans — especially through Social Security and Medicare — account for the largest part of federal spending today 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…
Why should developing countries buy expensive catastrophe (CAT) insurance? Abstracting from risk aversion or hedging motives, we find that…
It is tempting to view economic events in China through a single template: the view that they are driven by government intervention because…
/publications/dynamic-scoring-why-and-how-include-macroeconomic-effects-budget-estimates-legislative
Including macroeconomic effects in budget estimates for certain legislative proposals would improve the accuracy of those estimates and…
Athletes and CEOs: What Do Their Earnings Tell Us about the Income (and Taxation) of the Super Rich?
We introduce a new stability concept for multi-period matching markets. Robust prescient stability asserts that agents exhibit foresight…
It is understood that investment serves as a shock absorber in times of crisis. The duration of the drag on investment, however, is…
Some of the best-known papers of Carlos F. DÃaz Alejandro were about Latin America’s crises in the 1980s and 1930s. I will show data,…
This paper studies sovereign debt relief in a long-term perspective. We quantify the relief achieved through default and restructuring in…