Interview with Anne Case

Douglas Clement December 12, 2017

Princeton economist on the cost of AIDS in South Africa, “deaths of despair” in the U.S. and women in economics

Interview with Lawrence Katz

Douglas Clement September 25, 2017

Harvard economist on the gender pay gap, fissuring workplaces and the importance of moving to a good neighborhood early in a child’s life

Featured Articles

Abandoning a Currency Peg

Douglas Clement and Solomon Polansky October 4, 2016

Fear of future loss can convince central banks to loosen a fixed exchange rate

The Costs of Monopoly: A New View

James A. Schmitz, Jr. July 12, 2016

Contrary to conventional wisdom, monopolies inflict substantial economic harm, particularly on the poor

Research Digest

Health care costs and savings, an old age question

Douglas Clement May 8, 2018

Lacking full insurance, Americans hold onto savings as they age, concerned about uncertain health care expenses

U.S. inequality: It’s worse than we thought

Douglas Clement April 19, 2018

Time spent on home chores increases inequality among American households

You’re fired?

Douglas Clement February 6, 2018

Wage inequality in Brazil is exacerbated by high firing costs—a form of worker protection that may actually worsen the lot of low-income employees

Economic Policy Papers

Reforming the European Monetary Union

V. V. Chari, Alessandro Dovis, and Patrick J. Kehoe May 8, 2017

The lack of policy commitment that led to the EMU also created its challenges. Addressing those challenges, not dissolving the Union, is the way forward

Container Imports and the Advantage of Size

Thomas J. Holmes and Ethan Singer March 20, 2017

Large retailers have used the scale economies of shipping containers to expand sales and imports

The Great Recession: A Macroeconomic Earthquake

Lawrence J. Christiano February 7, 2017

Why it happened, endured and wasn’t foreseen. And how it’s changing theory

Insuring Against Adverse Outcomes at Birth

Christopher Phelan December 1, 2016

Policy should focus on the insurance motives of parents

Innovation and Growth with Frictions

Randall Wright November 1, 2016

Monetary policy that provides sound banking and sound money can spur growth through innovation