Is There a Kuznets Curve for Intra-City Earnings Inequality?
Many papers have found a positive relation between income inequality and city size in the US and other countries. This literature has assumed that the relation..
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Is There a Kuznets Curve for Intra-City Earnings Inequality?
Many papers have found a positive relation between income inequality and city size in the US and other countries. This literature has assumed that the relation..
Many papers have found a positive relation between income inequality and city size in the US and other countries.
his chapter examines the development economics evidence base for insights into policy reforms that would benefit struggling areas in the United States.
How ETFs Amplify the Global Financial Cycle in Emerging Markets
Since the early 2000s exchange-traded funds (ETFs) have grown to become an important investment vehicle worldwide.
Modelling Economic Development: The Lewis Model Updated
This analysis updates the dual-economy model of economic development suggested by W. Arthur Lewis in 1954. The updated aggregate model incorporates advances....
An Examination of the Link between Urban Planning Policies and the High Cost of Housing and Labor
Past research has established positive empirical relation between city-level land use regulations and housing costs. One interpretation of these findings is......
Do Fed Forecast Errors Matter?
In order to make forward-looking policy decisions, the Fed relies on imperfect forecasts of future macroeconomic conditions.
Do Fed Forecast Errors Matter?
In order to make forward-looking policy decisions, the Fed relies on imperfect forecasts of future macroeconomic conditions. If the Fed’s forecasts are rational...
Data Minefield: How AI is Prodding Governments to Rethink Trade in Data
Countries are just beginning to figure out how best to use and to protect various types of data that are used in AI
Opening Up Argentina to the World: Some Strategic Observations
Argentina is at a decisive point with respect to economic policy, and nowhere is this more apparent than in its external outlook. Exports have never been the..
Data Minefield: How AI is Prodding Governments to Rethink Trade in Data
No nation alone can regulate artificial intelligence (AI) because it is built on crossborder data flows; countries are just beginning to figure out how best to......
Migration and Online Job Search: A Gravity Model Approach
Most studies of migration focus on realized migration. Data on realized migration take substantial time to collect and are available to researchers and.....
The Rise of Patient Capital: The Political Economy of Chinese Global Finance
As the United States has retreated from its lead role in globalization – first because of the 2008 financial crisis, and now under President Donald Trump’s lead........
Can Differences Deceive? The Case of “Foreclosure Externalities”
Foreclosure externalities, in which recent foreclosures proximate to a housing unit depress its sales price, are well accepted in the literature.......
What are We Talking About when We Discuss Digital Protectionism?
Victor Hugo once wrote that “No army can withstand the strength of an idea whose time has come.” In 2006, law professor Tim Wu put forward an idea about the.........
Urban Population and Amenities: The Neoclassical Model of Location
We develop a neoclassical general-equilibrium model to explain cross-metro variation in population, density, and land supply. We provide new methods to estimate....
Migration Networks and Location Decisions: Evidence from U.S. Mass Migration
This paper examines the effects of birth town migration networks on location decisions. We study over one million long-run location decisions made during........
Governance Spillovers of Labour Provisions in Free Trade Agreements
Most people know that governments such as the US, EU, and Canada use labour rights provisions in trade agreements to improve labour rights. They believe...
Repression, Civil Conflict, And Leadership Tenure: A Case Study of Kazakhstan
Kazakhstan is a repressive regime, which Nursultan Nazarbayev has ruled since 1991 (CIA: 2017). Some analysts believe his approach to repression explains his...
The Effect of Social Connectedness on Crime: Evidence from the Great Migration
This paper estimates the effect of social connectedness on crime across U.S. cities from 1960- 2009. Migration networks among African Americans from the South........
Network Formation with Multigraphs and Strategic Complementarities
Economic agents are typically connected to others in multiple network relationships, and the architecture of one network could be shaped by connections in other.......
China’s One Belt One Road Strategy: The New Financial Institutions and India’s Options
The revival of ancient Silk Road strategy into the One Belt One Road (OBOR) Strategy or the new Silk Road project signals China’s ambitious approach to global..........
Repression, Civil Conflict, And Leadership Tenure: A Case Study of Turkey
Turkey’s geo-political position between traditional Eastern and Western powers has made its political situation complicated. Moreover, like many countries,
Personal Privacy of HMDA in a World of Big Data
When the Home Mortgage Disclosure Act was passed in 1975, it required selected depository institutions to report limited data from mortgage applications.........
The Long-Run Effects of Recessions on Education and Income
This paper examines the long-run effects of the 1980-1982 recession on education and income. Using confidential Census data, I estimate...............