Now showing items 1-10 of 16
COVID-19 and the U.S. Social Safety Net
We examine trends in employment, earnings, and incomes over the last two decades in the United States, and how the safety net has responded to changing fortunes, including the shutdown of the economy in response to the ...
Refining Set-Identification in VARs through Independence
Identification in VARs has traditionally mainly relied on second moments. Some researchers have considered using higher moments as well, but there are concerns about the strength of the identification obtained in this ...
Identification of Causal Models with Unobservables: A Self-Report Approach
This paper presents a novel self-report approach to identify a general causal model with an unobserved covariate, which can be unobserved heterogeneity or an unobserved choice variable. It shows that a carefully designed ...
The Economic Value of Breaking Bad: Misbehavior, Schooling and the Labor Market
Prevailing research argues that childhood misbehavior in the classroom is bad for schooling and, presumably, bad for labor market outcomes. In contrast, we argue that some childhood misbehavior represents underlying ...
Deferred acceptance and regret-free truth-telling
The deferred acceptance mechanism has been widely adopted across centralized matching markets, despite the fact that it provides participants with opportunities to “game the system.” Accounting for the lack of information ...
To what extent are tariffs offset by exchange rates?
Currency Wars, Trade Wars and Global Demand
This paper presents a tractable model of a global economy in which countries can use a broad range of policy instruments---the nominal interest rate, taxes on imports and exports, taxes on capital flows or foreign exchange ...