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Can spatially neutral productivity improvements have spatially non-neutral consequences? Across three major sources of countrywide productivity growth, we ...

This paper argues that a progressive tax system combined with individual taxation of married couples can generate more revenue than the current household-based ...

We show that higher-order perturbation solutions to rational expectations models exhibit a certainty correspondence property: they can be obtained from the ...

Using 287 country-year samples [...] we document that all three axiomatically justified PAM measures of Chiappori et al. (2025) [...] decline with GDP per ...

I study optimal monetary policy and capital controls in an open economy New Keynesian model with endogenous portfolio choice. I develop an approximation method ...

We develop a model of international trade and geopolitical disputes [...]. Bilateral disputes arise exogenously, and rival countries engage in negotiations to ...

What is the best way to reform Social Security? Academic literature offers diverging advice. There is a well-known result that the optimal size of Social ...