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Health Impacts of Federal Pandemic Aid to State and Local Governments

Clemens, Jeffrey; Mahajan, Anwita - National Bureau of Economic Research - 2025

The COVID-19 pandemic led to unprecedented levels of federal transfers to state and local governments. Did this funding impact population health? To answer this question, we leverage the fact that U.S. states that enjoy excess representation in Congress received substantially more fiscal...

Persistent link: https://www.econbiz.de/10015398151

The Benefits and Costs of U.S. Employer COVID-19 Vaccine Mandates

Ferranna, Maddalena; Robinson, Lisa A.; Cadarette, Daniel; … - National Bureau of Economic Research - 2022

In 2021, the Biden Administration issued mandates requiring COVID-19 vaccinations for U.S. federal employees and contractors and for some healthcare and private sector workers. Although these mandates have been subject to legal challenges and some have been halted or delayed, rigorous appraisal...

Persistent link: https://www.econbiz.de/10013361993

Accelerating Vaccine Innovation for Emerging Infectious Diseases via Parallel Discovery

Barberio, Joseph; Becraft, Jacob; Ben Chaouch, Zied; … - National Bureau of Economic Research - 2022

We analyze the financial performance of a hypothetical portfolio of 120 mRNA vaccine candidates in the preclinical stage targeting 11 emerging infectious diseases. We calibrate the simulation parameters with input from domain experts in mRNA technology and an extensive literature review. We find...

Persistent link: https://www.econbiz.de/10013334345

Investment in Preventive Care for Children of Middle Eastern Ancestry During the Trump Administration

Danagoulian, Shooshan; Fleming, Owen; Grossman, Daniel; … - National Bureau of Economic Research - 2024

Individuals of Middle Eastern and North African (MENA) ancestry in the US have been targeted by anti-immigrant and counterterrorism policies and have been the focus of vitriolic political rhetoric. Despite this, lack of data identifying MENA individuals has prevented systematic evaluation of the...

Persistent link: https://www.econbiz.de/10014635639

The Eurocrisis : Muddling Through, or On the Way to a More Perfect Euro Union?

Aizenman, Joshua - 2014

institutions. The euro has operated as a currency without a state, under the dominance of Germany. This has so far allowed the euro … to achieve a number of design objectives, and this may continue, as long as Germany does not shirk its growing … responsibility for the euro's future. Germany's resilience and dominant size within the EU may explain its "muddling …

Persistent link: https://www.econbiz.de/10012458424

Fiscal Histories

Cochrane, John H. - National Bureau of Economic Research - 2022

The fiscal theory states that inflation adjusts so that the real value of government debt equals the present value of real primary surpluses. Monetary policy remains important. The central bank can set an interest rate target, which determines the path of expected inflation, while news about the...

Persistent link: https://www.econbiz.de/10013361983

What Can Time-Series Regressions Tell Us About Policy Counterfactuals?

Wolf, Christian; McKay, Alisdair - National Bureau of Economic Research - 2022

under alternative policy rules. If the researcher is willing to postulate a loss function, our results furthermore allow her …

Persistent link: https://www.econbiz.de/10013362012

Welfare Assessments with Heterogeneous Individuals

Dávila, Eduardo; Schaab, Andreas - National Bureau of Economic Research - 2022

This paper develops a new approach to make welfare assessments based on the notion of Dynamic Stochastic weights (DS-weights for short). For a large class of dynamic stochastic economies with heterogeneous individuals, we introduce an aggregate additive decomposition that satisfies desirable...

Persistent link: https://www.econbiz.de/10013435133

u* = √uv

Michaillat, Pascal; Saez, Emmanuel - National Bureau of Economic Research - 2022

Most governments are mandated to maintain their economies at full employment. We propose that the best marker of full employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of labor--both jobseeking and recruiting. The...

Persistent link: https://www.econbiz.de/10013334429

Optimal Monetary Policy with Heterogeneous Agents : Discretion, Commitment, and Timeless Policy

Dávila, Eduardo; Schaab, Andreas - National Bureau of Economic Research - 2023

This paper characterizes optimal monetary policy in a canonical heterogeneous-agent New Keynesian (HANK) model with wage rigidity. Under discretion, a utilitarian planner faces the incentive to redistribute towards indebted, high marginal utility households, which is a new source of inflationary...

Persistent link: https://www.econbiz.de/10014226158