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Can Trade Work for Workers? - Gordon Hanson
May/June 2021, Opinion: "For decades, the promise of globalization has rested on a vision of a world in which goods, services, and capital would flow across borders as never before; whatever its other ...
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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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A Practical Approach to Sales Compensation: What Do We Know Now? What Should We Know in the Future?
February 2020, Paper: "Personal selling represents one of the most important elements in the marketing mix, and appropriate management of the sales force is vital to achieving the organization’s ...
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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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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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Debates in Macroeconomics from the Great Depression to the Long Recession Cycles, Crises and Policy Responses - Arie Arnon
2022, Book: "This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It ...
www.hks.harvard.edu4d
What Tariffs Can and Can’t Do
January 8, 2025, Opinion: "When tariffs are moderate and used to complement a domestic investment agenda, they need not do much harm; they can even be useful. When they are indiscriminate and are not ...
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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 ...