We study the effect of electoral politics on government small business lending, employment, and business formation. We construct novel measures of electoral importance capturing swing and base voters using data from Facebook ad spending, independent political expenditures, the Cook Political...

The 2020 U.S. elections produced a close, but clear, victory for Democratic nominee Joe Biden in the presidential contest, a surprisingly slim majority for the Democratic party in the House of Representatives, and an even 50-50 split between Republicans and Democrats in the Senate.1 Newly...

This paper provides evidence on the unintended effects of US and Chinese trade policies on the 2020 US presidential election. In response to a series of US tariffs imposed on Chinese goods, China imposed retaliatory tariffs, especially on US agricultural products, which largely affected...

This paper examines the impact of trade liberalization on U.S. Congressional elections. We find that U.S. counties subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share of votes cast for Democrats and the probability that the...

The direct primary stands as one of the most significant and distinctive political reforms of the Progressive era in American history. In this book, the authors provide the most comprehensive treatment available on the topic and utilize new data on election outcomes, candidate backgrounds,...

Participation in the political process is the fundamental right and responsibility of a citizen. Online political participation has gained popularity as it is convenient and effective. Political crowdfunding helps political candidates and parties pledge funds, usually small, from a large...

This paper examines the impact of trade liberalization on U.S. Congressional elections. We find that U.S. counties subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share of votes cast for Democrats and the probability that the...

Existing research suggests that too few American voters hold politicians electorally accountable for overt undemocratic behavior to reasonably deter democratic backsliding. Evidence for this proposition comes primarily from hypothetical survey experiments with relatively modest treatments. I...

Regulatory independence forms a foundation for modern financial systems. To illuminate the value of this ubiquitous institution, we examine a Progressive Era policy experiment in which hitherto independent regulators came under gubernatorial supervision. After this change, failure rates declined...

Quantifying the value that legislators give to reelection relative to policy is crucial to understanding electoral accountability. We estimate the preferences for office and policy of members of the US Senate, using a structural approach that exploits variation in polls, position-taking and...