Interview with Hilary Hoynes

Douglas Clement June 1, 2017

Berkeley economist on food stamps, recessionary effects on labor market segments and the importance of poverty research

Interview with Ron Feldman

Douglas Clement April 17, 2017

Read the 2016 Annual Report Essay and see the Full Report

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

Imagining a World without Medicare

Ann Harrington and Douglas Clement January 3, 2018

Lower taxes would boost the economy, but losses for seniors outweigh benefits

The Case for More Capital, Continued

Ann Harrington November 1, 2017

Data from the financial crisis show that higher capital levels would reduce need for bailouts

A Post-Brexit Prescription

Ann Harrington July 11, 2017

Investment opportunities outside the EU could offset losses from breakup

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