Following a call for nominations in January, the NBER has appointed 63 new affiliates: 19 Research Associates and 44 Faculty Research Fellows. In addition, six Faculty Research Fellows have been ...

We study sovereign external debt crises over the past 200 years, with a focus on creditor losses, or “haircuts”. Our sample covers 327 sovereign debt restructurings with external private creditors ...

Using 472 FOMC meetings (1969–2019) and the exogenous rotation of voting rights among Reserve Bank presidents, we identify meetings where local economic conditions in voting districts significantly ...

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

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

A classic result in trade theory is that it is socially optimal to set the tariff on a good equal to the inverse of the elasticity of its foreign supply. However, this result is based on the ...

Child maltreatment is a major public health concern in the United States. Maltreatment is associated with a range of poor health, developmental, and economic outcomes for child victims. In this study, ...

Greater reliance on nonbank financing makes firms fragile as it leads banks to limit their access to credit lines. Besides demonstrating this result in panel tests subject to range of controls and ...

My research with collaborators digs deeper into the workings of specific War on Poverty programs, seeking evidence about ...

The Global Financial Crisis and the COVID-19 pandemic were two major shocks to the world economy in the 21st century. In this study, we analyze the patterns of recessions and recoveries of 101 ...

This paper studies the use of mobile crisis response teams—a non-uniformed pair consisting of a mental health worker and a medic—as a component of emergency response to 911 calls. We provide the first ...

A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others ...