The Euro Crisis: Where to From Here? Jeffrey Frankel, May/June 2015, Opinion. "Germans cannot agree to unlimited bailouts of euro…
Gradualism in Monetary Policy: A Time-Consistency Problem? Jeremy C. Stein, Adi Sunderam, June 2015, Paper. "We develop a model…
The output effect of fiscal consolidation plans. Alberto Alesina, June 2015, Paper. "We show that the correct experiment to evaluate…
The Inflation Puzzle. Martin Feldstein, May 29, 2015, Opinion. "The low rate of inflation in the United States is a puzzle, especially to…
An Economic Checkup. Martin Feldstein, May 28, 2015, Opinion. "The US economy is at a critical juncture. The Federal Reserve's very easy…
Small Business Pressures and Democratic Party Ambivalence in U.S. Tax Politics. Theda Skocpol, May 22, 2015, Paper. "Arguments about…
This paper explores the menu of options for renormalizing public debt levels relative to nominal activity in the long run, should…
Embedding Call Options in Mortgages. Howell Jackson, May 21, 2015. Paper, "Mortgage Contract Design: Implications for Households,…
What is the socially optimal level of liquidity in a retirement savings system?
Liquid retirement savings are desirable because liquidity…
The U.S. Underestimates Growth; The official statistics are missing changes that are lifting American incomes. Martin Feldstein, May…