Research

Filter By:
Sort By:

Paper | This paper models economic output jointly with health outcomes as they pertain to the COVID pandemic, finding that a continuously varying control (i.e. the lockdown intensity) fares better than sporadically taken discrete-time decisions with lockdown intensity staying constant over some time intervals. 

This paper proposes a new type of tax to help finance (and accelerate) the green transition.

Article | This article contributes to the literature on monopsony models by moving away from their emphasis on exogenous factors—worker preferences, incomplete information, and barriers— and focusing on these factors as the main drivers of monopsony power. Employers have compelling profit reasons to create monopsony conditions and create labor market frictions.

Working Paper | Social Security “Catch-Up” contributions would allow workers to contribute an additional 3.1 percent of salary, starting at age 50, in return for enhanced benefits. The program would modestly reduce defacto elderly poverty and reduce the Social Security shortfall in the short run and be approximately actuarially neutral over 75 years.

Book Review | Warmth: Coming of Age at the End of Our World, Daniel Sherrell

 

The subject of Warmth, written by a 26-year-old as a letter to his unborn child, is the climate crisis. But the climate crisis is never referred to by name. Instead, it is called “The Problem.” And though The Problem animates the book, Warmth is also a memoir—a book about memory, justice, and the future.

The economy-climate interaction and an appropriate mitigation policy for climate protection have been treated in various types of scientific modeling. This paper focuses on the seminal work by Nordhaus on the economy-climate link and extends that model to include optimal policies for mitigation, adaptation, and infrastructure investment studying the dynamics of the transition to a low fossil-fuel economy.

Working Paper | This paper assesses the effects of dominant currency shocks (strong US dollar) on emerging markets by studying exchange market pressure (EMP) or foreign exchange (FX) liquidity, GDP growth, external debt, and inflation.