Darrick Hamilton and Barry Melancon. Hamilton will represent the American Federation of Labor and Congress of Industrial ...

Over sixty years ago in 1964, the launch of the War on Poverty represented one of the largest and most comprehensive attempts ...

Taking into account the recessionary effect of tariffs dramatically brings down the optimal unilateral tariff level derived in standard trade theory. You may have unlimited free access to working ...

2025, Long-Term Asset Management, Ishita Sen, "The Market for Sharing Interest Rate Risk: Quantities and Asset Prices" ...

Darrick Hamilton and Barry Melancon. At its meeting on April 28, the NBER Board of Directors elected two new members: Darrick Hamilton and Barry Melancon. Hamilton will r ...

Stefanie Stantcheva of Harvard University, a research associate in the Public Economics, Political Economy, and Economic Fluctuations and Growth programs, has won the 2025 John Bates Clark Medal, ...

Governments and firms often employ soft spending limits to restrict overspending while still allowing exceptions on a case-by-case basis. This paper studies a Medicare policy which capped per-patient ...

Recent policy proposals seek to regulate out-of-network hospital prices. We study how such regulation affects equilibrium prices, network formation, and hospital exit. We estimate a structural model ...

U.S. labor-force participation dropped by about 3 percentage points and remained below pre-pandemic levels three years later. Recovery varied across states, with slower rebounds in those more affected ...

We argue that college students’ field-of-study choices significantly influence how economies respond to labor market disruptions. To do so, we develop and estimate a framework featuring ...

In such cases, statistical inference is complicated by the interdependence of economic outcomes across locations. A common approach to account for this dependence is to cluster standard errors based ...

We test the relationship between historical immigration to the United States and political ideology today. We hypothesize that European immigrants brought with them their preferences for the welfare ...