Green finance emphasizes “additionality,” meaning funded projects should offer distinct environmental benefits beyond standard practice. Analysis of U.S. corporate and municipal green bonds, however, ...

Black mothers with unscheduled deliveries are 25 percent more likely to deliver by C-section than non-Hispanic white mothers. The gap is highest for mothers with the lowest risk and is reduced by only ...

Fellowships for graduate students studying behavioral macroeconomics, sponsored by the Alfred P. Sloan Foundation, have been ...

We propose uncertainty shocks as a new shock that drives business cycles. First, we demonstrate that microeconomic uncertainty is robustly countercyclical, rising sharply during recessions, ...

We argue that workers must take costly actions (“conflict”) to have nominal wages catch up with inflation, meaning there are welfare costs even if real wages do not fall as inflation rises. We study a ...

There is a rapidly advancing literature on the macroeconomics of climate change. This review focuses on developments in the construction and solution of structural integrated assessment models (IAMs), ...

In January 2023, atmospheric river (AR) events caused widespread disruptions in California, with small businesses severely affected. Weather forecasts played a crucial role in helping businesses and ...

Parenting is widely considered to be among the most important influences on early childhood (EC) development. But to what extent and under what circumstances can EC parenting programs improve child ...

This paper explores the realities of disclosure risks in the current big data landscape, examining implications for individuals, society, and the evolving ethical landscape. One these realities is ...

We quantify racial differences in the total rate of return on housing in a nationally representative sample of homeowners from 1974-2021. We develop a new method to estimate the rental value of each ...

We study the distribution of political speech across U.S. firms. We develop a measure of political engagement based on firms’ communications (earnings calls, regulatory filings, and social media), by ...

Dun’s Review began publishing monthly data on bankruptcies by branch of business during the 1890s. Those series evolved through many iterations. This essay reconstructs the series from 1895 to 1935 ...