The Fed’s Mandate Trilemma & The Evolution of Central Banking in the United States
Understanding the Fed’s mandate trilemma and implications on full employment and price stability goals.
Working Papers
This list captures all of the most recent papers that have been uploaded to this website. For a FULL list of 'Working Papers' from IIEP please visit this archived version of our website.
Banking on the State: The Competitive Advantage of State-Led Financing
A new theory of global development finance, contending that China’s state-led financing has catalyzed policymaking diffusion.
The Spatial Distribution of the Homeownership Racial Gap
Analyzing the disparity in homeownership rates between white and minority households.
Jewish occupational attainment in the antebellum United States: Filling a gap in the literature
This paper is concerned with analyzing the occupational attainment of American Jewish men compared to other free men in the mid-19th century.
Not Incentivized Yet Efficient: Working From Home in the Public Sector
This paper studies whether working from home (WFH) affects workers’ performance in public sector jobs. Studying public sector initiatives allows us to establish baseline estimates on the impact of...
Pandemics, Poverty, and Social Cohesion: Lessons from the Past and Possible Solutions for COVID-19
Remi Jedwab (George Washington University), Amjad M. Khan (The World Bank),Richard Damania (The World Bank), Jason Russ (The World Bank), Esha D. Zaveri (The Wo
The Labor Market Attainment of Immigrants in the Antebellum United States
This paper analyzes the occupational status of adult White foreign-born men in the antebellum United States, compared to White native-born men, and among the....
Inelastic Demand Meets Optimal Supply of Risky Sovereign Bonds
We present evidence of inelastic demand in the market for risky sovereign bonds and examine how it affects government policies. We exploit monthly changes.....
US-Regional Agreements with Latin America – The Long and Unsuccessful Saga of CAFTA and the FTAA
As the trade negotiations within the FTAA region become more complicated with many more options for both the United States and its Latin American partners, it........
Exploring the Link Between Oil Prices and Tanker Rates
Given the secular and sharp rise in oil prices over the past decade, this study analyses the impact that the spike in oil prices has on tanker rates......
Does Land Use Regulation Lower the Average Price of Housing in Cities?
A substantial empirical literature finds a positive partial relation between indexes of land use regulations and differences in the asset price of housing among....
Institutions, International Financial Integration, and Output Growth
The paper investigates the long-run output effects of international financial integration, and in particular their dependence on a country’s institutions as...
Planning Regulations: Two Tests to Determine if We Have Confused the Cure With the Disease
Previous empirical research has demonstrated that indexes of urban planning restrictions are associated with higher housing prices. Some argue that this relation..
Estimating Returns to Schooling and Experience: A History of Thought
This paper is a review of the literature in economics up to the early 1980s on the issue of estimating the earnings return to schooling and labor market.....
Macro-International Seminar: Oksana Leukhina
The Columbian College of Arts & Sciences’ Department of Economics presented a macro-international seminar with Oksana Leukhina, senior economist at the Federal Reserve Bank of St. Louis.
Macro-International Seminar: Tony Zhang
macro-international seminar with Tony Zhang, senior economist at the Federal Reserve
International Spillovers of Quality Regulations
Abstract: This paper investigates the positive international spillover effects of non-discriminatory product regulations, such as quality standards. We incorpor
Outward and Upward Construction: A 3D Analysis of the Global Building Stock
Abstract: The developing world has built structures on an unprecedented scale to accommodate population growth, demographic change, and urbanisation. The horizo
Data Dysphoria: The Governance Challenge Posed by Large Learning Models for Generative AI
Abstract: Only 8 months have passed since Chat-GPT and the large learning model underpinning it took the world by storm. This article focuses on the data supply
Missing Persons: The case of public participation in AI strategies
Abstract: Governance requires trust. If policy makers inform, consult and involve citizens in decisions, policy makers are likely to build trust in their effort
The Role of Social Connections in the Racial Segregation of US Cities
Abstract: We study the extent of segregation in the social space of urban America. We measure segregation as the (lack of) actual personal connections between
Public Disclosure and Tax Compliance: Evidence from Uganda
Abstract: Public disclosure of tax behavior is a promising policy tool for raising tax compliance in low-income countries with limited capacity for alternative
Early pension withdrawal as stimulus
Abstract: During the COVID-19 pandemic, the Australian government allowed eligible individuals to withdraw up to A$20,000 (around half median annual wage income
Governance for Systemic and Transformational Change: Redesigning Governance for the Anthropocene
Abstract: We live in an era of uncertainty and volatility. Rapid technological change, inequalities in income and opportunities, environmental deterioration, so
A Missed Opportunity to Further Build Trust in AI: A Landscape Analysis of OECD.AI
Abstract: OECD.AI is the world’s best source for information on public policies dedicated to AI, trustworthy AI and international efforts to advance cooperation