November 2021, Paper: "We document a large and heterogeneous shift by public pensions into alternative investments (hedge funds, private…
The US economy has not fully recovered, and continued shortfalls in employment and gross domestic product (GDP) warrant continued…
October 4, 2021, Interview: "Harvard Law School Professor Howell E. Jackson J.D./MBA '82 says a failure by Congress to raise the debt…
This paper employs high frequency transactions data on the world’s oldest and most extensive centralized peer-to-peer Bitcoin market, which…
This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of…
Debt in emerging market and developing economies (EMDEs) is at its highest level in half a century. In about nine out of 10 EMDEs, debt is…
A majority of countries neither freely float their currencies nor firmly peg. But most of the remainder in practice also don’t obey such…
We examine how much of the overall decline in employment between the beginning of 2020 and 2021 can be explained by excess job loss among…
I discuss the multifaceted economic and financial vulnerabilities that have been created or exacerbated by the COVID-19 pandemic on a…
Today, more than half of low-income countries eligible for relief under the Debt Service Suspension Initiative are either in debt distress…