The gap between potential and actual output—the output gap—is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy. The results show that the output gap has considerably shrunk since...

What happens when college students are not able to enroll in the courses they want? We use a natural experiment at Purdue University in which first-year students are conditionally randomly assigned to oversubscribed courses. Compared to students who are assigned a requested course, those who are...

"A sweeping new history that reveals how British, African, and American merchants developed the transatlantic slave trade This is a landmark study given its clear status as easily the best researched and most comprehensive book on the British slave trade to date. -David Eltis, coauthor of Atlas...