"Over the years, numerous instructors have requested a short, one-semester version of Economics that would cover both microeconomics and macroeconomics. While some other two-semester books simply eliminate chapters, renumber those that remain, and offer the "cut and splice" version as a...

We show that social connections transmit shocks that influence banks' deposit funding. We find that counties experience an increase in bank deposits when they are more socially connected to counties that are affected by natural disasters, and this effect is distinct from the impact of physical...

We show that commercial mortgage borrowers behave opportunistically in order to obtain principal reductions. To guide our empirical analysis, we develop a model in which lenders cannot perfectly observe borrowers' use values and renegotiation is costly. We then study the effects of a 2009 IRS...