The financial crisis and ensuing Great Recession left the U.S. economy in an injured state. In 2013, output was 13 percent below its trend path from 1990 through 2007. Part of this shortfall--2.2 ...

This paper offers a "panoramic" analysis of the history of financial crises dating from England's fourteenth-century default to the current United States sub-prime financial crisis. Our study is based ...

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages ...

This chapter surveys new data sources employed in urban and regional economics in the past decade and the insights they have enabled. We first provide a primer on the data sources, including ...

To investigate the emergence of a pro-wealthy bias in the US Supreme Court, we develop a protocol to identify and analyze all cases involving economic issues from 1953 to the present. We categorize ...

In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...

We construct a new dataset of FOMC meeting transcripts from 1966 to 1990 to analyze the sources of heterogeneity in individual monetary policy preferences and study how this heterogeneity shapes ...

The global expansion of renewable energy is key to addressing climate change. After a decade of dramatic cost reductions—especially for solar photovoltaics and wind—renewables now approach cost parity ...

Employing large language models to analyze official documents, we construct a comprehensive record of daily changes in de jure restrictions on cross-border flows worldwide since the 1950s. Our ...

We study international spillovers of corporate tax reforms in a fragmented global tax regime. Using firm-level evidence on the 2017 U.S. Tax Cuts and Jobs Act (TCJA) and a quantitative ...

How does the fiscal framework affect the central bank's ability to stabilize output and inflation? The textbook answer, which assumes Ricardian households, recommends that fiscal adjustment should be ...

Substance use is a well-established driver of intimate partner violence (IPV), with drug-related incidents posing persistent challenges for both public health and criminal justice systems. We examine ...