The IMF’s Next Test. Gita Gopinath, October 1, 2013, Opinion. "In October, central bankers, policymakers, private-sector executives,…
Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement. Jeffrey Liebman, October 2013, Paper. "Many…
The Policy Elasticity. Nathaniel Hendren, October 2013, Paper. "This paper applies basic price theory to study the marginal welfare impact…
Dilemma not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows. Emmanuel Farhi, October 2013, Paper. "We consider a…
/centers/mrcbg/programs/growthpolicy/crisis-and-commitment-inflation-credibility-and-vulnerability-1
Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises. Mark Aguiar, Manual Amador, Emmanuel Farhi,…
The Taper Chase. Martin Feldstein, September 30, 2013, Opinion. "Global financial markets were stunned when the US Federal Reserve…
Return Predictability in the Treasury Market: Real Rates, Inflation, and Liquidity. Luis M. Viceira, September 27, 2013, Paper. "Estimating…
Yield-Oriented Investors and the Monetary Transmission Mechanism. Jeremy Stein, September 26, 2013, Opinion. "Let me start by thanking the…
The Fed is wrong to put off the return to normality. Martin Feldstein, September 22, 2013, Opinion. "The US Federal Reserve’s decision last…
How to Create a Real Economic Stimulus. Martin Feldstein, September 16, 2013, Opinion. "Earlier this year, former U.S. Treasury Secretary…