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 ...

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 ...

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 ...

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 ...

Standard approaches to evaluating this property exploit the Welfare Theorems and equate the observed real exchange rate with the social relative costs of consumption. Given the large literature ...

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 ...

School boards have statutory authority over most elementary and secondary education policies, but receive little attention compared to other actors in education systems. A fundamental challenge to ...

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 ...

Elections select officeholders and policies, but they also signal to political actors where to invest their time and money. This paper presents a framework for understanding these effects, in which ...