Card and Krueger's analysis of the impact of the 1992 increase in the NJ state minimum wage is very well known and still controversial. Interestingly, the original NJ-PA natural experiment was followed by another one involving the same two states, an experiment that has not yet been noted or...

The gender earnings ratio for year-round full-time workers varies substantially across U.S. states, with a range of 24 percentage points. I examine the source of this variation to assess whether it is genuine or reflects compositional differences that vary across state. Using CPS data, I...

While federal financial rescues have become a common response to crises, federal provision of finance was not one of the original powers of the federal government. One man, Eugene Meyer, is largely responsible for the origin of federal financial rescues, through both the War Finance Corporation...

: A recent Census Bureau report shows that the gender earnings ratio for year-round full-time workers varies substantially across states, with a range of 24 percentage points. In this paper, I examine this variation by estimating state-fixed effect models of earnings for men and women, using...

This paper employs Granger causality tests to identify the impacts of historical information from global financial markets on their current levels in 30-day windows. The dataset consists primarily of the daily index levels of the (1) open, (2) close, (3) intra-day high, (4) intra-day low, and...

Turkey experienced a financial crisis in 2000-2001 that led to significant financial reforms. The reforms resulted in a switch to a floating exchange rate, granted greater central bank independence and pursuit of a more credible monetary policy. Investigation of the channels of monetary policy...