Reopening the Coronavirus-Closed Economy
The Federal Reserve’s current monetary policy framework combines conventional policy that sets the level of the federal funds rate with policies that operate through the slope of the term structure, i
Research
Tax Reform for Progressivity: A Pragmatic Approach
In the coming decades, federal spending will need to grow just to enable the government to continue to provide the services it does today.
Quasi-Experimental Estimates of the Transient Climate Response Using Observational Data
The transient climate response (TCR) is the change in global mean temperature at the time of an exogenous doubling in atmospheric CO2 concentration increasing at a rate of 1% per year.
The Debt Pandemic
The COVID-19 pandemic has greatly lengthened the list of developing and emerging market economies in debt distress. For some, a crisis is imminent.
The Future of U.S. Carbon-Pricing Policy
There is widespread agreement among economists—and a diverse set of other policy analysts—that at least in the long run, an economy-wide carbon-pricing system will be an essential element of any natio
Innovation Policy and the Economy
American technological creativity is geographically concentrated in areas that are generally distant from the country’s most persistent pockets of joblessness.
Fundamentals of Regulatory Design
The modern regulatory world is crowded with ideas about different regulatory approaches including, among others: performance-based regulation, self-regulation, light-touch regulation, right-touch regu
Climate Change, Climate Policy, and Economic Growth
The topics of climate change and climate change policy encompass a complex mixture of the natural sciences, economics, and a mass of institutional, legal, and technical details.
Evaluating Regulatory Performance: Learning from and Institutionalizing Retrospective Analysis of EPA Regulations
A well-functioning environmental regulatory program makes the American people better off by protecting the air we breathe, water we drink, and food we eat.
First-Price Auctions with Budget Constraints
Consider a first-price sealed-bid auction with interdependent valuations and private budget constraints.
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