Manufacturing jobs, once the backbone of the modern US economy, have declined as a share of GDP over recent decades, darkening…
We study sovereign external debt crises over the past 200 years, with a focus on creditor losses, or “haircuts”. Our sample covers 327…
The future of developing countries lies in services. Enhancing productivity in labor-absorbing services in particular must be an essential…
The U.S.-China conflict is threatening continued global economic prosperity and this has inspired a variety of predictions and…
We build on Baqaee and Farhi (2019, 2021) and derive a theoretically-grounded criterion that allows targeting bans on exports to a…