Resources
From peer-reviewed research to accessible policy briefs, explore the scholarship that’s shaping debates and driving change.
58 Results
The Macroeconomic Effects of Tariffs: Evidence From U.S. Historical Data (opens in a new tab)
Working Papers MAR 4, 2026
We study the macroeconomic effects of tariff policy using U.S. historical data from 1840–2024. We construct a narrative series of plausibly exogenous tariff changes–based on major legislative actions, multilateral negotiations,…
By: Tamar den Besten (opens in a new tab), Diego Känzig (opens in a new tab)
Why Financial Crises Recur (opens in a new tab)
Working Papers AUG 5, 2025
Financial crises have occurred around the world for over two centuries. These crises have been so costly and frequent that one wonders why governments cannot prevent them from recurring despite…
By: Gary B. Gorton (opens in a new tab), Jeffery Y. Zhang (opens in a new tab)
Optimal Monetary Policy Under Menu Costs (opens in a new tab)
Working Papers JUL 1, 2025
We analytically characterize optimal monetary policy in a multisector economy with menu costs and contrast it with the textbook New Keynesian model based on Calvo pricing. Following a sectoral productivity…
By: Daniele Caratelli (opens in a new tab), Basil Halperin (opens in a new tab)
Americans Informed About the Distributional Effects of Republicans’ Budget Bill Overwhelmingly Oppose It (opens in a new tab)
Working Papers JUN 25, 2025
Republicans in the Senate are currently considering the One Big Beautiful Bill Act, which, if enacted, would be the most regressive U.S. tax and budget law in at least the…
By: Jacob S. Hacker, Patrick Sullivan (opens in a new tab)
Request for Proposals: The economic effects of the Inflation Reduction Act (opens in a new tab)
RFPs APR 2, 2025
By: Equitable Growth (opens in a new tab)
Request for Proposals: Promoting competition and supporting workers in an era of AI innovation (opens in a new tab)
RFPs NOV 20, 2024
By: Equitable Growth (opens in a new tab)
Request for proposals: Research grants for early career scholars (opens in a new tab)
RFPs OCT 30, 2024
By: Equitable Growth (opens in a new tab)
Asymmetric Effects of Monetary Policy on Firms (opens in a new tab)
Working Papers SEP 16, 2024
This paper documents firm-level evidence on the asymmetric effects of monetary policy in the US. Focusing on the 1980q3-2019q4 period, I find that monetary tightenings show larger effects on firms’…
By: Ezgi Kurt (opens in a new tab)
Request for Proposals: How effective was the fiscal response to the COVID-19 recession for workers? (opens in a new tab)
RFPs MAR 18, 2024
By: Equitable Growth (opens in a new tab)
Request for proposals: Research grants for early career scholars (opens in a new tab)
RFPs NOV 30, 2023
By: Equitable Growth (opens in a new tab)
The New Economics of Industrial Policy (opens in a new tab)
Working Papers SEP 19, 2023
We discuss the considerable literature that has developed in recent years providing rigorous evidence on how industrial policies work. This literature is a significant improvement over the earlier generation of…
By: Réka Juhász (opens in a new tab), Nathan Lane, Dani Rodrik (opens in a new tab)
Money Demand and Income Inequality: International Evidence using a Century of Data (opens in a new tab)
Working Papers MAR 14, 2023
Transactions and precautionary theories of money demand imply that aggregate money demand declines as income becomes more unequally distributed. In this paper I test this prediction using money demand regressions…
By: Guillermo Gallacher (opens in a new tab)
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