“...R&D investment has well-known liquidity problems, with potentially important consequences. In this study, we analyze the effects of monetary policy on economic...”

“...Between 1900 and 2002, mean farm size in the United States tripled; productive resources were increasingly concentrated in large farms. These observations are...”

“...This article studies how volatility changes affect sovereign spreads in strategic default models. Volatility changes affect savings and sovereign spreads...”

“...In a Malthusian environment, per‐capita incomes are stagnant, meaning they cannot exhibit sustained growth. However, they can still display volatility and...”

“...This article documents and interprets a fact central to the dynamics of informal consumer debt default. We observe that for individuals 60– 90 days late on...”

“...The foreign exchange (FOREX) market is an over‐the‐counter market characterized by intermediation and significant bid–ask spreads. However, most of the...”

“...This article proposes a nonparametric test for comparing valuation distributions in first-price auctions. Our test is motivated by the fact that two valuation...”

“...Motivated by General Agreement on Tariffs and Trade bargaining behavior and renegotiation rules, we construct a three‐country, two‐good general‐equilibrium...”

“...Chile's individual retirement pension accounts system has been a model for many countries. To limit the riskiness of pension investments, Chile required...”

“...This article identifies a “border” effect in the absence of a border. The finding that trade between east and west Japan is 23.1% to 51.3% lower than trade...”