Research
An IMF We Can Love?
What a difference the crisis has made for the International Monetary Fund.
How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?
We use an experiment to estimate the effect of the SEC's Summary Prospectus, which simplifies mutual fund disclosure. Our subjects chose an equity portfolio and a bond portfolio.
How Does Simplified Disclosure Affect Individuals’ Mutual Fund Choices?
We use an experiment to estimate the effect of the SEC’s Summary Prospectus, which simplifies mutual fund disclosure. Our subjects chose an equity portfolio and a bond portfolio.
Making Credit Good Again
In this recession, we seek the boogeyman. If we can identify a villain, the recourse is simple: Slay it (or neutralize it or bail it out).
A Plan B for Global Finance
The clarion call for a global system of financial regulation can be heard everywhere.
A New Architecture for the U.S. National Accounts: Third Ruggles Lecture for the International Association for Research in Income and Wealth
The key elements of a new architecture for the U.S. national accounts have been developed in a prototype system constructed by Dale W. Jorgenson and J.
Not a Dirty Word
Talk of "nationalizing the banks" is in the air again this week, as President Obama hits the road to sell his recovery plan and Tim Geithner, the new chairman of the Securities and Exchange Commission
A Martingale Representation for Matching Estimators
Matching estimators are widely used in statistical data analysis. However, the distribution of matching estimators has been derived only for particular cases (Abadie and Imbens, 2006).
How Globalization Affects Tax Design
The economic changes associated with globalization tighten financial pressures on governments of high-income countries by increasing the demand for government spending while making it more costly to
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