Even allowing for substantial uncertainty regarding projections, current US fiscal policies are almost certainly unsustainable. Therefore,…
Theory suggests that corporate and sovereign bonds are fundamentally different, also because sovereign debt has no bankruptcy mechanism and…
How much economic inefficiency is generated by spatial externalities such as agglomeration or congestion? What can we learn with data and…
This paper investigates the historical origins of female genital cutting (FGC). We test the historical hypothesis that FGC is associated…
Using a novel panel data set of recent immigrants to the U.S. (2005–2007) from individual-level linked U.S. Census Bureau data and Internal…
Adolescents’ educational choices are shaped by their peers. Using administrative data covering the entire population of Italian middle…
Could policy changes boost economic growth enough and at a low enough cost to meaningfully reduce federal budget deficits? We assess seven…
April 30, 2025, Video: "Harvard economist Kenneth Rogoff approaches global finance with the same strategic foresight that made him a chess…
April 30, 2025, Video: "President Trump has made a bold gamble with a fundamental change in economic policy by launching tough tariffs. He…