“...We provide evidence that democracy has a positive effect on GDP per capita. Our dynamic panel strategy controls for country fixed effects and the rich dynamics...”

“...We investigate whether US government spending multipliers are higher during periods of economic slack or when interest rates are near the zero lower bound...”

“...Investors value the liquidity and safety of US Treasuries. We document this by showing that changes in Treasury supply have large effects on a variety of yield...”

“...We show that financial knowledge is a key determinant of wealth inequality in a stochastic life cycle model with endogenous financial knowledge accumulation,...”

“...We present a theory of context-dependent choice in which a consumer’s attention is drawn to salient attributes of goods, such as quality or price. An attribute...”

“...If people enjoy giving, then why do they avoid fund-raisers? Partnering with the Salvation Army at Christmastime, we conducted a randomized field experiment...”

“...We build a tractable growth model in which multiproduct incumbents invest in internal innovations to improve their existing products, while new entrants and...”