The global energy transition is affecting fossil fuel exporters from multiple angles. It is adding to longstanding uncertainties on relative movements of fossil fuel demand and supply-which impact fossil fuel-related exports, fiscal flows, investment and subsequently external and fiscal...

This paper presents the results of a randomized controlled trial testing the effectiveness of taxpayer communications informed by behavioral science in inducing business payroll tax compliance at the onset of the COVID-19 pandemic. In March 2020, an experimental tax trial targeting 5,423 firms...

The COVID19 (coronavirus) pandemic and associated containment measures are expected to cause far-reaching damage to economies around the world. Firms are suffering from reduced demand due to movement restrictions, from reduced labor supply and from constraints to sourcing material inputs. The...

In the fight against COVID-19, economic activities that require close physical contact have been severely restricted. Governments around the world have put in place containment measures to slow down the rate of infection, including lockdowns, border closures, and restrictions on economic...

This paper presents the results of a randomized controlled trial testing the effectiveness of taxpayer communications informed by behavioral science in inducing business payroll tax compliance at the onset of the COVID-19 pandemic. In March 2020, an experimental tax trial targeting 5,423 firms...

Financial regulation can affect both the size and composition of markets, and understanding those effects is critical to determine the extent to which such regulation hinders credit availability. In this paper, we study the effect of tighter banking regulation on the US residential mortgage...

In the fight against COVID-19, economic activities that require close physical contact have been severely restricted. Governments around the world have put in place containment measures to slow down the rate of infection, including lockdowns, border closures, and restrictions on economic...

Expansionary monetary policy can increase household leverage by stimulating housing liquidity. Low mortgage rates encourage buyers to enter the housing market, raising the speed at which properties can be sold. Because lenders can resell seized foreclosure inventory at lower cost in such a hot...