“...While some policies can enhance welfare, occasionally they may also provide rents to politicians. Opportunism is usually constrained by the policymakers'...”

“...I develop a dynamic model of behavior to analyze juvenile crime. Forward-looking youths consistently decide between crime and legal activities depending on...”

“...We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job...”

“...In this paper, we document some features of the distribution of income, consumption and wealth in Canada using survey data from many different sources. We find...”

“...In the context of dynamic models of incomplete information, we show that slight perturbations to the agents' information sets can lead to vastly different...”

“...A primary concern in monetary economics is whether a purely private monetary regime is consistent with macroeconomic stability. I show that a competitive...”

“...This paper develops a monetary model with taxes to account for the time-varying effects of energy shocks on output and hours worked in post-World War II U.S...”

“...Emerging market economies typically exhibit a procyclical fiscal policy: public expenditures rise (fall) in economic expansions (recessions), whereas tax rates...”

“...The observed tightening of interest rates in the aftermath of the post-World War II oil price hikes led some to argue that U.S. monetary policy exacerbated the...”

“...This paper explores the determination of state Medicaid provision in the United States and quantifies the effects of federal subsidization on Medicaid...”