Research Papers
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Working Paper Series
How Much Can the U.S. Congress Resist Political Money? A Quantitative Assessment
Apr 2020
The links between campaign contributions from the financial sector and switches to a pro-bank vote were direct and substantial
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Working Paper Series
Firm-Level Exposure to Epidemic Diseases: Covid-19, SARS, and H1N1
Apr 2020
As Covid-19 spreads globally in the first quarter of 2020, this paper finds that firms’ primary concerns relate to the collapse of demand, increased uncertainty, and disruption in supply chains
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Working Paper Series
The EU’s Green Deal: Bismarck’s ‘What Is Possible’ Versus Thunberg’s ‘What Is Imperative’
Apr 2020
This paper considers the ambition, scale, substance and strategy of the European Union’s Green Deal
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Working Paper Series
Private Equity Buyouts in Healthcare: Who Wins, Who Loses?
Mar 2020
Private equity firms have become major players in the healthcare industry. How has this happened and what are the results?
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Working Paper Series
Who’s Responsible Here? Establishing Legal Responsibility in the Fissured Workplace
Mar 2020
This article proposes a new “Concentric Circle framework” which would improve workers’ access to civil, labor, and employment rights.
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Report
Taxpayer Investment Leads New Drug Discoveries
Mar 2020
New research points to critical role of public funding in drug discoveries and development for the last decade
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Working Paper Series
Modeling Myths: On the Need for Dynamic Realism in DICE and other Equilibrium Models of Global Climate Mitigation
Feb 2020
We conclude that representing dynamic realism in such models is as important as – and far more empirically tractable than – continued debate about the monetization of climate damages and ‘social cost of carbon’.
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Working Paper Series
Payment vs. Funding: The Law of Reflux for Today
Feb 2020
The central bank today is not just the government’s bank, but also a bankers’ bank, a truly hybrid institution
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Working Paper Series
Is the Most Unproductive Firm the Foundation of the Most Efficient Economy? Penrosian Learning Confronts the Neoclassical Fallacy
Jan 2020
To get beyond the neoclassical fallacy, economists have to stop relying on constrained-optimization methodology
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Working Paper Series
The Secular Stagnation of Productivity Growth
Jan 2020
This paper argues that it is a mistake to dismiss secular demand stagnation as main cause of declining potential growth in the OECD.
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Commentary
Level-Up Economics: Beyond the Wealth of Nations
Jan 2020
Reconstituting capitalism and revitalizing the liberal international order will require revisiting first principles of Western political economy, rebalancing the emphasis it places on broad living standards as opposed to national income. The 2020 US presidential campaign has begun to do just that.
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Working Paper Series
Inclusive American Economic History: Containing Slaves, Freedmen, Jim Crow Laws, and the Great Migration
Jan 2020
This paper records the path by which African Americans were transformed from enslaved persons in the American economy to partial participants in the progress of the economy.
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Working Paper Series
The Global Impact of Brexit Uncertainty
Dec 2019
Using tools from computational linguistics, we construct new measures of the impact of Brexit on listed firms in the United States and around the world
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Working Paper Series
The Decline of the U.S. Labor Share Across Sectors
Nov 2019
This paper provides novel insights on the changing functional distribution of income in the post–war US economy.
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Working Paper Series
The Political Economy of Europe Since 1945: A Kaleckian Perspective
Nov 2019
This paper analyzes the early stages of the formation of the Common Market.