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Large and State-Dependent Effects of Quasi-Random Monetary Experiments -- by...

Fixing the exchange rate constrains monetary policy. Along with unfettered cross-border capital flows, the trilemma implies that arbitrage, not the central bank, determines how interest rates...

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Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory...

People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu...

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Econometric Evidence on the R&D Depreciation Rate -- by Gaetan de...

This paper presents estimates of the R&D depreciation rate using survey data on Australian inventions. Its novelty is twofold. First, it relies on direct observation of the revenue streams of...

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One in a Million: Field Experiments on Perceived Closeness of the Election...

A common feature of many models of voter turnout is that increasing the perceived closeness of the election should increase voter turnout. However, cleanly testing this prediction is difficult and...

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Consequences of the Clean Water Act and the Demand for Water Quality -- by...

Since the 1972 U.S. Clean Water Act, government and industry have invested over $1 trillion to abate water pollution, or $100 per person-year. Over half of U.S. stream and river miles, however, still...

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Maternity and Family Leave Policy -- by Maya Rossin-Slater

Maternity and family leave policies enable mothers to take time off work to prepare for and recover from childbirth and to care for their new children. While there is substantial variation in the...

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Is American Health Care Uniquely Inefficient? Evidence from Prescription...

Alan Garber and Jonathan Skinner (2008) famously conjectured that the US health care system was "uniquely inefficient" relative to other countries. We test this idea using cross-country data on...

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Statistics to Measure Offshoring and its Impact -- by Robert C. Feenstra

We identify "first generation" statistics to measure offshoring as the share of imported intermediate inputs in costs, along with O*NET data to measure the tradability of tasks. These data were used to...

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Flexible Prices and Leverage -- by Francesco D'Acunto, Ryan Liu, Carolin...

The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most flexible-price firms have a 19% higher long-term...

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Disaster Risk and Asset Returns: An International Perspective -- by Karen K....

Recent studies have shown that disaster risk can generate asset return moments similar to those observed in the U.S. data. However, these studies have ignored the cross-country asset pricing...

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Public Finance in a Nutshell: A Cobb Douglas Teaching Tool for General...

To help first- or second-year graduate students in economics apply their theoretical training, this paper shows how to solve a simple and intuitive computable general equilibrium (CGE) model using a...

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The Labor of Division: Returns to Compulsory High School Math Coursework --...

Despite great focus on and public investment in STEM education, little causal evidence connects quantitative coursework to students' economic outcomes. I show that state changes in minimum high school...

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Sibling Spillovers -- by Sandra E. Black, Sanni Breining, David N. Figlio,...

It is notoriously difficult to identify peer effects within the family, because of the common shocks and reflection problems. We make use of a novel identification strategy and unique data in order to...

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Israel's Triumph over Inflation: The Long and Winding Road -- by Assaf Razin

The paper gives an economic-history perspective of the long struggle with inflation. It covers the early acceleration to three-digit levels, lasting 8 years; The stabilization program, based on...

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The Local Economic and Welfare Consequences of Hydraulic Fracturing -- by...

Exploiting geological variation within shale deposits and timing in the initiation of hydraulic fracturing, this paper finds that allowing fracing leads to sharp increases in oil and gas recovery and...

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Hires and Separations in Equilibrium -- by Edward P. Lazear, Kristin McCue

Hiring is positively correlated with separation, both across firms and over time. A theory of hiring and separation based on shifts in demand implies the opposite. One firm or industry hires and grows...

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Will Ad Blocking Break the Internet? -- by Ben Shiller, Joel Waldfogel,...

Ad blockers allow Internet users to obtain information without generating ad revenue for site owners; and by 2016 they were used by roughly a quarter of site visitors. Given the ad-supported nature of...

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[1701.05632] The Internet as Quantitative Social Science Platform: Insights...

Research: The Internet as Quantitative Social Science Platform: Insights from a Trillion Observations. (arXiv:17... https://t.co/D2iYKbqxN5 — moneyscience…

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âBarclays took my £440,000 and put me through hellâ

Customers are getting caught up as banks de-risk due to money laundering laws. https://t.co/Ov95Pvxl2w — moneyscience (@moneyscience) January 23, 2017

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Economics cannot isolate itself from political theory: a mathematical...

The purpose of this paper is to provide a confession of sorts from an economist to political science and philosophy. A confession of the weaknesses of the political position of the economist. It is...

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