We compare two approaches to increasing tax revenue: tax administration and tax rates. We show that when Indonesia moved top regional firms…
As the world focuses on the COVID-19 pandemic, the disruptive reality of global climate change looms on the horizon. Its implications for…
November 2021, Paper: "We document a large and heterogeneous shift by public pensions into alternative investments (hedge funds, private…
The US economy has not fully recovered, and continued shortfalls in employment and gross domestic product (GDP) warrant continued…
October 4, 2021, Interview: "Harvard Law School Professor Howell E. Jackson J.D./MBA '82 says a failure by Congress to raise the debt…
This paper employs high frequency transactions data on the world’s oldest and most extensive centralized peer-to-peer Bitcoin market, which…
This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of…
Debt in emerging market and developing economies (EMDEs) is at its highest level in half a century. In about nine out of 10 EMDEs, debt is…
This article tests for bias in consumer lending using administrative data from a high-cost lender in the U.K. We motivate our analysis…
A majority of countries neither freely float their currencies nor firmly peg. But most of the remainder in practice also don’t obey such…