Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work 16 October 2022 Giulia Giupponi and Camille LandaisShort time work (STW) policies provide subsidies for hour reductions to workers in firms experiencing temporary shocks.
Optimal Corporate Taxation Under Financial Frictions 9 October 2022 Eduardo Dávila and Benjamin HébertThis paper studies the optimal design of corporate taxes when firms have private information about future investment opportunities and face financial constraints.
Career Spillovers in Internal Labor Markets 2 October 2022 Nicola Bianchi, Giulia Bovini, Jin Li, Matteo Paradisi and Michael PowellThis paper studies career spillovers across workers, which arise in firms with limited promotion opportunities.
Moral Universalism and the Structure of Ideology 25 September 2022 Benjamin Enke, Ricardo Rodriguez-Padilla and Florian ZimmermannThroughout the Western world, people’s policy views are correlated across domains in a strikingly similar fashion.
Opinions as Facts 25 September 2022 Leonardo Bursztyn, Aakaash Rao, Christopher Roth and David Yanagizawa-DrottThe rise of opinion programs has transformed television news. Because they present anchors’ subjective commentary and analysis, opinion programs often convey conflicting narratives about reality.
Optimal Environmental Targeting in the Amazon Rainforest 25 September 2022 Juliano Assuncao, Robert McMillan, Joshua Murphy and Eduardo Souza-RodriguesThis paper sets out a data-driven approach for targeting environmental policies optimally in order to combat deforestation.
Time Consistency and Duration of Government Debt: A Model of Quantitative Easing 5 September 2022 Saroj Bhattarai, Gauti B. Eggertsson and Bulat GafarovThis paper presents a model of quantitative easing (QE) at the zero lower bound (ZLB) on the short-term nominal interest rate.
Managerial Quality and Productivity Dynamics 5 September 2022 Achyuta Adhvaryu, Anant Nyshadham and Jorge TamayoDo productivity and managerial quality vary within the firm? If so which managerial traits and practices matter most for team productivity?
