While there is a large literature about the importance of social capital and its impact on economic and social flourishing, much less is known about the relevance of the arts and creative communities as inputs to social capital. Using cross-sectional variation in the exposure of different...

Do third places (e.g. cafes, taverns, diners) matter in communities? We propose that when foot-traffic are concentrated in third places in a community, incidental interactions among strangers and place attachment flourish. Using data on billions of cell phone interactions, we introduce a new...

This paper provides a comprehensive assessment of financial intermediation and the economic effects of the Paycheck Protection Program (PPP), a large and novel small business support program that was part of the initial policy response to the COVID-19 pandemic in the US. We use loan-level...

Stay-at-home orders (SAHOs) have been implemented in most U.S. states to mitigate the spread of COVID-19. This paper quantifies the short-run impact of these containment policies on the supply of and demand for child care. The child care market may be particularly vulnerable to a SAHO-type...

We use daily survey data from Gallup to assess whether households' beliefs about economic conditions are influenced by surprises in monetary policy announcements. We first provide more general evidence that public confidence in the state of the economy reacts to certain types of macroeconomic...