The Opportunity Zone program was designed to encourage investment in distressed communities across the United States. Early research found no evidence of impacts of the program on employment, earnings ...

How does academic research inform presidential economic policy? This paper investigates the sources of evidence in the Economic Report of the President from 2010 to 2025. We construct a novel dataset ...

I examine the potential of pro-development state (capacity) building projects to be coopted for repression. I leverage the natural experiment created by the differential build-up of capacity between ...

Using nationally representative household consumption surveys from 23 countries that together account for 50% of the world’s poor, we estimate that reducing the poverty rate to 1% (from a baseline of ...

We document that rising volatility in U.S. interest rates, a key dimension of global financial risk, notably depresses the trend of economic activity in emerging market economies (EMEs) but not in ...

Financial markets (and more generally the real economy) display a wide range of important nonlinearities. This paper focuses on stock returns, which are skewed left – generating crashes – and whose ...

We match patents to products using natural language methods applied to detailed product descriptions and patent texts in the consumer goods sector. While more than half of product innovations ...

The variety of financial products available for firms to raise funds has expanded rapidly in recent decades. This paper studies the role of innovations that introduce specialized financial products ...

This paper discusses the rebuilding of Ukrainian cities. We start by outlining key facts about Ukraine and its cities: (i) the country’s population is declining; (ii) there is a shift in demand for ...

Survey mode is a critical consideration in well-being research using the 22 country Global Flourishing Study (GFS). We find marked differences in responses to well-being questions if they are obtained ...

Understanding how to effectively influence electric vehicle (EV) charging behavior is critical for managing electricity grids powered by high levels of variable renewable generation. We present ...

Until recently, antitrust laws were rarely enforced in labor markets. Although the existence of labor market power has long been recognized, evidence only recently emerged that such market power ...