Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
In this paper, we study the effects of immigration on natives’ marriage, fertility, and family formation across US cities between 1910 and…
The international community has historically maintained hope that advances in science and technology offer humanity a wide range of options…
This essay provides an overview of the major emissions trading programs of the past thirty years on which significant documentation exists…
This essay analyzes the persistence of the death penalty in the United States--a topic that has long been the subject of debate among legal…
What is the socially optimal level of liquidity in a retirement savings system?
Liquid retirement savings are desirable because liquidity…
The mad cow disease crisis in the United Kingdom (U.K.) was a major policy disaster. The government and public health officials failed to…
It has been difficult to open up the black box of knowledge production. We use unique international
data on the publications, citations,…
This paper compares how the United States and the European Community dealt with competition policy challenges by two firms operating at the…
This paper introduces a family of multi-period poverty measures
derived from commonly used static poverty measures. Our measures
trade-off…