Our Troubling Fiscal Situation
Federal debt is on an unsustainable path. Low interest rates mean that we do not need to reduce budget deficits immediately and that we should do more public investment.
Research
Problem, Person and Pathway: A Framework for Social Innovators
The Handbook of Inclusive and Social Innovation: The Role of Organizations, Markets and Communities offers a comprehensive review of research on inclusive innovation to address systemic and structural
The Role of Industry-Specific, Occupation-Specific, and Location-Specific Knowledge in the Growth and Survival of New Firms
How do regions acquire the knowledge they need to diversify their economic activities? How does the migration of workers among firms and industries contribute to the diffusion of that knowledge?
The Crisis Next Time: What We Should Have Learned from 2008
At the turn of this century, most economists in the developed world believed that major economic disasters were a thing of the past, or at least relegated to volatile emerging markets.
The Price of Biodiesel RINs and Economic Fundamentals
The D4 RIN is the tradable compliance certificate for the biomass-based diesel mandate in the Renewable Fuel Standard (RFS).
Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election
Donald Trump’s election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection Agency drastically downshifted expectations on US climate-change policy.
Time Horizons, Lattice Structures, and Welfare in Multi-period Matching Markets
We analyze a T-period, two-sided, one-to-one matching market without monetary transfers.
Company Stock Price Reactions to the 2016 Election Shock: Trump, Taxes, and Trade
Donald Trump's surprise election shifted expectations: corporate taxes would be lower and trade policies more restrictive. Relative stock prices responded appropriately.
Multiperiod Matching
We examine a dynamic, two-sided, one-to-one matching market where agents on both sides interact over a period of time.
The Decline, Rebound, and Further Rise in Snap Enrollment: Disentangling Business Cycle Fluctuations and Policy Changes
One in seven Americans received benefits from the Supplemental Nutrition Assistance Program in 2011, an all-time high.
Get smart & reliable public policy insights right in your inbox.