www.hks.harvard.edu4d
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 ...
www.hks.harvard.edu4d
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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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
Niall Ferguson: Why Civilizations Rise & Fall / Will Decentralized Finance Change the World... Again - Niall Ferguson
August 18, 2021, Video: "Niall Ferguson is a renowned historian, Senior Fellow at the Hoover Institution, and prolific author of more than a dozen best-selling works on economics, culture, and ...
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'Repayment-by-Purchase' Helps Consumers to Reduce Credit Card Debt - Michael Norton
December 8, 2020, Paper: "Many consumers struggle to repay their credit card debt, in part because paying small portions of large bills often feels fruitless. We introduce a novel credit card payment ...
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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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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 ...