www.hks.harvard.edu6d
Should race be used in determining risk for disease? Yes. And no.
Age, gender, and lifestyle are key factors in predicting risks for illnesses like cancer and heart disease, but adding race ...
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A Reconsideration of Fiscal Policy in the Era of Low Interest Rates - Jason Furman and Lawrence Summers
November 30, 2020, Paper: "The last generation has witnessed an epochal decline in real interest rates in the United States and around the world despite large buildups of government debt. As Table 1 ...
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Taxational Resource Curse: Evidence from China - Jie Bai
2021, Paper: "We study tax enforcement in a two-sector economy and focus on cross-sector ef fect of sectoral shocks. Specifically, we investigate whether business fluctuation in mining sector can ...
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Monetary Policy in Times of Structural Reallocation - Ludwig Straub
2021, Paper: "We characterize optimal monetary policy in response to asymmetric shocks that shift demand from one sector to another, a condition arguably faced by many economies emerging from the ...
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US unemployment remains worse than it seems as millions still out of the labor force - Jason Furman & WIllie Powell
March 5, 2021, Opinion: "The labor market improved in February 2021 as employers added 379,000 jobs, leaving the economy at 11.9 million jobs below its pre-pandemic trend. At the same time the ...
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The Coming Rise in Residential Inflation - Lawrence Summers
February 2022, Paper: "We study how the recent run-up in housing and rental prices affects the outlook for inflation in the United States. Housing held down overall inflation in 2021. Despite record ...
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The Economic Consequences of Bankruptcy Reform - Raymond Kluender
November 19, 2020, Paper: "A more generous consumer bankruptcy system provides greater insurance against financial risks but may also raise the cost of credit. We study this trade-off using the 2005 ...
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Impact-Weighted Financial Accounts: A Paradigm Shift - Ethan Rosen and George Serafeim
2021, Paper: "The last decade has seen an expo nential increase in corporate sus tainability activities and efforts by investors to use these activi ties in their portfolio formation, valuation, and ...
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Minimum Wages and the Rise of Firms’ Robot Adoption in China - Richard Freeman
2020, Paper: "In this study, we analyze the impacts of minimum wages on firms’ robot adoption using novel panel data related to robots imported by firms in China from 2001 to 2012, a period when most ...
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Beyond Shareholder Value Maximization: Accounting for Financial/Social Tradeoffs in Dual-Purpose Companies - Julie Battilana
October 30, 2020, Paper: "A growing number of companies choose to pursue financial and social goals simultaneously. These dual-purpose companies face inherent tradeoffs as they are caught between the ...
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The Emergence of Mafia-like Business Systems in China - Meg Rithmire
2021, Paper: "A large literature on state-business relations in China has examined the political role of capitalists and collusion between the state and the private sector. This paper contributes to ...
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Taming Systemic Corruption: The American Experience and Its Implications for Contemporary Debates - Matthew Stephenson
September 2020, Paper: "Endemic corruption in developing countries often seems intractable. Yet most countries that currently have relatively high public integrity were, at an earlier point in their ...