This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists…
This article analyzes the trajectory and causes of the explosion of American corporate CEOs’ compensation relative to that of average…
China’s growing role in international finance has remained obscure, mostly due to a lack of data and transparency. The authors’ research,…
Since 1970, transportation, power generation, and manufacturing have dramatically transformed as air pollutant emissions have fallen…
In my testimony today I will make four points:
1. Corporate tax collections are very low both in historical perspective and compared with…
In 2008, the world’s financial system stood on the brink of disaster. The United States faced an unprecedented crisis when the investment…
The trade war has received an enormous amount of attention. Its impacts today have been limited because the U.S. and China have been a bit…
With interest rates persistently low or even negative in advanced countries, policymakers have barely any room to ease monetary policy when…
The Federal Reserve’s current monetary policy framework combines conventional policy that sets the level of the federal funds rate with…
Can supply-side environmental policies that limit the extraction of fossil fuels reduce CO2 emissions? This paper studies interactions…