This volume presents six new papers on environmental and energy economics and policy. James Bushnell and Aaron Smith ...

The Affordable Care Act (ACA) significantly expanded health insurance in the United States, but its impact has varied across time and states. We assess the law’s heterogeneous impacts over the three ...

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the ...

The model has multiple rational expectations equilibria; we associate certain Pareto inferior equilibria with liquidity crises. The government can improve welfare by acting as a “market-maker of last ...

Browser data from an approximately representative sample of individual investors offers a detailed account of their search for information, including how much time they spend on stock research, which ...

Treasury markets respond to the news in CBO cost estimates of individual bills about the future funding requirements from pending legislation. Treasury yields increase on days with major ...

The child mental health crisis has been described as the “defining public health crisis of our time.” This article addresses three myths about the crisis: (i) the idea that the crisis is new; (ii) the ...

The U.S. government has funded university research for nearly 80 years, with a significant share of this funding supporting the fixed costs of science through indirect cost recovery (ICR). We explain ...

We study the role played by Chinese state–owned firms during the US–China trade war. Based on measures constructed from Chinese firm–level customs microdata, we show that the presence of state–owned ...

When the COVID-19 pandemic began in early 2020, the amount of telework sharply increased, allowing people to work while limiting their exposure to others. At that time, there were no regular monthly ...

We investigate the effects of sewer access on neighborhood characteristics in developing world cities. Because it is more difficult to move sewage uphill than downhill, otherwise similar neighborhoods ...

Causal inference methods are widely used in empirical research; however, there is a paucity of evidence on the properties of shared latent factor estimators in the presence of contaminated ...