“...This article characterizes optimal policy when a government uses indirect control to exert its authority. We develop a dynamic principal-agent model in which a...”

“...This article develops a model that speaks to the goals and methods of financial stability policies. There are three main points. First, from a normative...”

“...Consumers need information to compare alternatives for markets to function efficiently. Recognizing this, public policies often pair competition with easy...”

“...This article analyzes the heterogeneous reaction of exporters to real exchange rate changes using a very rich French firm-level data set with...”

“...In 2003, a new law required that 40% of Norwegian firms' directors be women--at the time only 9% of directors were women. We use the prequota cross-sectional...”

“...This article studies market competition when firms can influence consumers' ability to compare market alternatives through their choice of price "formats." In...”

“...Why are episodes of sovereign default accompanied by deep recessions? The existing literature cannot answer this question. On one hand, sovereign default...”

“...We report on the experimental results of simple auctions with (i) a median-bid pricing rule and (ii) nonbinding bids (winning bids can be withdrawn)--the two...”

“...One goal of extending the duration of unemployment insurance (UI) in recessions is to increase UI coverage in the face of longer unemployment spells. Although...”

“...We develop a dynamic theory of resource wars and study the conditions under which such wars can be prevented. Our focus is on the interaction between the...”