Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful…
The central irony of a financial crisis is that while it is caused by too much confidence, borrowing and lending, and spending, it can be…
Are we in danger of forgetting the scene in “The Godfather, Part II,’’ where the odious Senator Geary demands $250,000 from Michael…
We analyze linear models with a single endogenous regressor in the presence of many instrumental variables. We weaken a key assumption…
In this paper, we provide new evidence regarding the pass-through of diesel and gasoline
taxes to prices, and how the estimated pass-…
Informal payments are a frequently overlooked source of local public finance in developing countries. We use microdata from ten countries…
Emissions of greenhouse gases linked with global climate change are affected by diverse aspects of economic activity, including individual…
The 2010 BP Deepwater Horizon oil spill posed near-term economic risks to the Gulf of Mexico region and raised questions about appropriate…
In his celebrated essay “The Quagmire Myth and the Stalemate Machine”, published in 1972, Daniel Ellsberg drew out the lesson regarding the…