Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes
This paper develops a new econometric framework to estimate and classify exchange rate regimes.
Research
The 15-Minute City Quantified Using Mobility Data
Americans travel 7 to 9 miles on average for shopping and recreational activities, which is far longer than the 15-minute (walking) city advocated by ecologically-oriented urban planners.
America Needs More Immigration to Defeat Inflation
Consumer prices in the United States rose at an annualized rate of 7.7 percent in October, the ninth straight month above seven percent, thanks to still surging demand and stumbling supply.
How to save the WTO with more flexible trading rules
The clash between the Western and Chinese economic systems is threatening the world trading system, with countries increasingly using trade as a tool to coerce other countries.
Have trade agreements been bad for America?
Many Americans are persuaded that trade agreements of the last 40 years have been a costly mistake. To be sure, open markets leave some people behind, and promises to help those hurt were broken.
Urban Rebirth: Economic Considerations for Reconstruction in Kharkiv and Ukraine
The Ukrainian economy will need to be reoriented after the devastating war from East to West, from heavy industry to a knowledge economy, and from polluting to green infrastructure.
Using Neural Networks to Predict Microspatial Economic Growth
We apply deep learning to daytime satellite imagery to predict changes in income and population at high spatial resolution in US data.
Let the WTO Referee Carbon Border Taxes
Efforts to reduce global greenhouse-gas emissions must overcome the free-rider problem, and carbon border adjustment measures are the most effective way to level the playing field.
The World’s Best-Kept Financial Inclusion Secret Revealed: The Untold Success Story of BRI Microbanking Since 1895
Bank Rakyat Indonesia (BRI), Indonesia People’s Bank, has been the most successful promoter of financial inclusion in Indonesia since the country declared independence in 1945.
US Immigration from Latin America in Historical Perspective
The share of US residents who were born in Latin America and the Caribbean plateaued recently, after a half century of rapid growth.
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