Venezuela has seen an unprecedented exodus of people in recent months. In response to a dramatic economic downturn in which inflation is…
Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments
External sources of as-if randomness — that is, external instruments — can be used to identify the dynamic causal effects of macroeconomic…
The global financial crisis has permanently lowered the path of GDP in all advanced economies. At the same time, and in response to rising…
This chapter describes a new type of poverty in nation's metropolises: poor, segregated neighborhoods in which a majority of adults are…
Data from digital platforms have the potential to improve our understanding of gentrification, both by predicting gentrification and by…
Conditional cash transfer (CCT) programs have spread worldwide, and are designed to promote comprehensive human capital investments in…
I distinguish between political and economic populism. Both are averse to agencies of restraint, or, equivalently, delegation to…
This paper studies a model of intermediated exchange with liquidity-constrained traders. Intermediaries are embedded in a trading network…
This paper studies a model of intermediated exchange with liquidity-constrained traders. Intermediaries are embedded in a trading network…
This paper is a meta-analysis of the literature on capital controls that aims to solve (at least) four very serious apples-to-oranges…