Mapping continuous raw scores from millions of Advanced Placement examinations onto the 1 to 5 integer scoring scale, we apply a regression…
The promise of randomized controlled trials (RCTs) is that evidence gathered through the evaluation of a specific program helps us—possibly…
CAMBRIDGE – Around the world, several countries are currently undergoing “demonetization,” or currency reforms in which the government…
The prevalence of many urban phenomena changes systematically with population size. We propose a theory that unifies models of economic…
Demonetization on Five Continents. Jeffrey Frankel, December 22, 2016, Opinion, "Around the world, several countries are currently…
The Destructive Power of Inflation. Martin Feldstein, December 22, 2016, Opinion, "When I was in Argentina last week, I was reminded of the…
In collaboration with the Government of Bihar, India, we conducted a large-scale
experiment to evaluate whether transparency in fiscal…
Dominant Currency Paradigm. Gita Gopinath, December 2016, Paper, "Most trade is invoiced in very few currencies. Despite this, the Mundell-…
Behavioral economic research has established that defaults, one form of nudge, powerfully influence choices. In most policy contexts, all…