2020, Paper: "Equity capital cost plays an important role in investment strategies and asset valuation, but there is no recognized…
With interest rates persistently low or even negative in advanced countries, policymakers have barely any room to ease monetary policy when…
The Federal Reserve’s current monetary policy framework combines conventional policy that sets the level of the federal funds rate with…
Can supply-side environmental policies that limit the extraction of fossil fuels reduce CO2 emissions? This paper studies interactions…
Using prediction markets to predict the outcomes in DARPA’s Next Generation Social Science program
2020, Paper, "There is evidence that prediction markets are useful tools to aggregate information about researchers’ beliefs about…
January 2020, Paper: "We show that reaching for yield a tendency to take more risk when the real interest rate declines while the risk…
In the coming decades, federal spending will need to grow just to enable the government to continue to provide the services it does today.…
January 22, 2020, Video, "Harvard Kennedy School Professor Carmen Reinhart discusses the current state of the U.S. economy and Federal…
January 20, 2020, Opinion, "If they are serious about tackling climate change, governments must quickly establish the expectation that the…
January 2020, Paper: "We document large variation in net-of-fee performance across public pension funds investing in the same private…