The trade war has received an enormous amount of attention. Its impacts today have been limited because the U.S. and China have been a bit…
Greater interdependence is often taken to require more global governance, but the logic requires scrutiny. Cross-border spillovers do not…
Undertaking logistical tasks in a teamwork setting exhibits a volunteer’s dilemma: it takes only one volunteer to take a costly action to…
The Federal Reserve’s current monetary policy framework combines conventional policy that sets the level of the federal funds rate with…
Can supply-side environmental policies that limit the extraction of fossil fuels reduce CO2 emissions? This paper studies interactions…