Interview with Philip Jefferson

Douglas Clement September 12, 2018

Swarthmore economist on poverty, declining labor share, and the importance of racial diversity in economics

Interview with Marianne Bertrand

Douglas Clement June 19, 2018

University of Chicago economist on the glass ceiling, implications of growing inequality and the trouble with boys

Featured Articles

Sweat equity: Intangible, valuable, and tax-sensitive

Ashwini Sankar August 22, 2018

The value of a business owner’s time is substantial, according to new estimates, and highly sensitive to taxes

First Women in Macro Conference

Amy Phenix and Alyssa Augustine June 27, 2018

Three Minneapolis Fed economists on a groundbreaking meeting

Research Digest

Trading places

Douglas Clement September 26, 2018

Viewing location as an asset helps explain why people live in locales with poor prospects and argues for development policy that focuses on people, not places

Meeting expectations: On self-fulfilling debt dilution

Douglas Clement August 30, 2018

In global credit markets, lender beliefs shape government behavior, potentially rendering ineffective a popular debt crisis “solution”

Race, and the race between stocks and homes

Douglas Clement July 31, 2018

Black-white economic inequality remains large and persistent, and recent wealth inequality trends for all Americans are explained by assets, not income

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