This paper develops a novel method to identify the causal contribution of managers to team performance. The method requires repeated random…
Martin Wolf begins The Crisis of Democratic Capitalism by observing: “As the Cold War ended, in 1989, many agreed … that the Western…
We study sovereign external debt crises over the past 200 years, with a focus on creditor losses, or “haircuts”. Our sample covers 327…
This paper investigates the economic and social consequences of sovereign default on external debt. We focus on the crises’ impact on real…
We study newsworthiness in theory and practice. We focus on situations in which a news outlet observes the realization of a state of the…
The Massachusetts Firearms Records Bureau recently published administrative data covering the universe of legal firearm transactions in the…
My own preference is for incremental health reform rather than the teardown they advocate. This is partly based on answering a different…
I was gratified to see Liran Einav and Amy Finkelstein write, “if Furman and others like him are enthusiastic about trying to build…
To head off the risk of catastrophic semiconductor supply disruptions that could bring its economy to a halt, the United States needs a…
This paper analyzes an economic-epidemiological model of infectious disease where it is possible to become infected more than once and…