1. What is agricultural policy and why does it exist? -- 2. Economic concepts applied to agricultural and food policy -- 3. Who makes agricultural policy and how is it made? -- 4. A brief history of agricultural policy -- 5. Early twentieth-century agricultural legislation -- 6. McNary-Haugens...

This paper uses U.S. credit register data and the 2018-19 Trade War to study the effects of uncertainty on domestic credit supply. Exploiting differences in banks' ex-ante exposure to trade uncertainty, we find that increased uncertainty is associated with a broad lending contraction across...

We show that standard menu cost models cannot simultaneously reproduce the dispersion in the size of micro-price changes and the extent to which the fraction of price changes increases with inflation in the U.S. time-series. Though the Golosov and Lucas (2007) model generates fluctuations in the...