Do Founders Control Start-Up Firms that Go Public? Jesse Fried, May 2018, Paper, "Startup founders, who generally must cede control to…
Pension Policy and the Financial System. David Scharfstein, May 2018, Paper, "This paper examines the effect of pension policy on the…
Venezuela Has a Refugee Crisis Of Syrian Magnitudes. Ricardo Hausmann, May 21, 2018, Audio, "Ricardo Hausmann, Harvard economist and Former…
Larry Summers at the Economic Club of New York. Lawrence Summers, May 16, 2018, Video, "Summers spoke to the Economic Club of New York on…
Trade Invoicing, Bank Funding, and Central Bank Reserve Holdings. Gita Gopinath, Jeremy Stein, May 2018, Paper, "We develop a model…
Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments
External sources of as-if randomness — that is, external instruments — can be used to identify the dynamic causal effects of macroeconomic…
This paper studies a model of intermediated exchange with liquidity-constrained traders. Intermediaries are embedded in a trading network…
Financing the Response to Climate Change: The Pricing and Ownership of U.S. Green Bonds. Malcolm Baker, George Serafeim, April 27,…