This paper explores the nature and drivers of inequality in Chile. It is a companion paper to Lecaros et al (2023) that analyzed the…
We begin by examining determinants of aggregate foreign exchange reserve holdings by central banks (size of issuing country’s economy and…
This paper integrates daytime and nighttime satellite imagery into a spatial general-equilibrium model to evaluate the returns to…
This paper introduces the concept of “climate matching” as a driver of migration and establishes several new results. First, we show that…
Exploiting a new global macro-historical database of effective tax rates, we uncover an intriguing pro-tax-capacity effect of international…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
We discuss the considerable literature that has developed in recent years providing rigorous evidence on how industrial policies work. This…
Designing public transport networks involves tradeoffs between extensive geographic coverage, frequent service on each route, and relying…
Who deserves to participate in local democracy? A wide body of research shows that property owners are deeply overrepresented in local…
We are today in the midst of a transition away from what has come to be called “neoliberalism,” with much uncertainty about what will…