This paper studies the roles of market power and taxes in determining market surplus and social welfare in the U.S. consumer firearms…
In the United States, massive fiscal expansion during the pandemic protected households and helped to return output and unemployment nearly…
We study international capital flows across 200 years. A major novelty is our analysis on official flows (government-to-government lending…
Information provided to Congress about the economic and budgetary effects of proposed legislation could be expanded and improved if further…
We study the economic and political consequences of the 2018-2019 trade war between the United States, China and other US trade partners at…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…
The authors emphasize that the world urgently requires trillions of dollars to invest in climate action and biodiversity protection to keep…
This paper develops a new econometric framework to estimate and classify exchange rate regimes. They are classified into four distinct…
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Private schools provide affordable education in low-income countries. Yet, they often face higher closure rates, leading to disruption for…
The issue of debt sustainability has been the focus of continued theoretical and practical interest over the years. In emerging markets,…