When American voters head to the polls for congressional midterm elections in November, their choices seem likely to be guided more by “…
Non-communicable diseases (NCDs) are the leading cause of premature death in most of the world, and lower income households in most…
Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments
External sources of as-if randomness — that is, external instruments — can be used to identify the dynamic causal effects of macroeconomic…
The global financial crisis has permanently lowered the path of GDP in all advanced economies. At the same time, and in response to rising…
This paper studies a model of intermediated exchange with liquidity-constrained traders. Intermediaries are embedded in a trading network…
This paper is a meta-analysis of the literature on capital controls that aims to solve (at least) four very serious apples-to-oranges…
ne reason the Great Recession was, alas, great was the quantity of household debt accumulated in the lead-up to the financial crisis. This…
After years of high commodity prices, a new era of lower ones, especially for oil, seems likely to persist. This will be challenging for…