A Theory of Macroprudential Policies in the Presence of Nominal Rigidities. Emmanuel Farhi, May 2015, Paper. "We propose a theory of…
State Capacity, Local Governance, and Economic Development in Vietnam. Melissa Dell, May 2015, Paper. "There has been a large…
From Commodity Booms to Economic Miracles: Why Southeast Asian Industry Lagged Behind. Jeffrey Williamson, May 2015, Paper. "Except…
Interest Deductions in a Multijurisdictional World. Mihir Desai, April 2015, Paper. "This paper proposes and evaluates alternative…
The Impacts of Neighborhoods on Intergenerational Mobility: Childhood Exposure E↵ects and County-Level Estimates. Raj Chetty,…
Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low-Risk Anomaly. Malcolm Baker, May…
Lessons from Schumpeterian Growth Theory. Philippe Aghion, May 2015, Paper. "By operationalizing the notion of creative destruction,…
Why Do Firms Have "Purpose"? The Firm's Role as a Carrier of Identity and Reputation. Rebecca Henderson, Eric Van den Steen, May 2015 ,…
Behavioral Economics and Public Policy: A Pragmatic Perspective. Raj Chetty, May 2015, Paper. "The debate about behavioral economics--…
Globalization and Growth. Elhanan Helpman, May 2015, Paper. "How does globalization affect economic growth? We discuss mechanisms that link…