Concentrated spending

[Research Highlight]

August 21, 2023

Why are US households spending more money on fewer products and showing increasing divergence from each other in their selections?

Testing the “superstar hypothesis”

[Research Highlight]

July 21, 2023

The historic rollout of television in the United States provides a natural experiment in scale-related technological change.

The importance of in-person schooling

[Page]

How did virtual learning during the pandemic impact student test scores?

Colleges and local economic growth

[Research Highlight]

May 30, 2023

What drives local innovation?

Gender bias in bank lending

[Research Highlight]

May 09, 2023

Michelle Brock discusses discriminatory lending practices toward women in Turkey.

Market design and live events

[Research Highlight]

March 15, 2023

Eric Budish discusses the introduction of auctions to the primary market for tickets.

Graduate school and mental health

[Research Highlight]

February 15, 2023

Valentin Bolotnyy discusses the state of student mental health in eight top-ranked economics programs.

School choice troubles

[Research Highlight]

March 23, 2022

Why did Taiwan’s school assignment system lead to nationwide protests?

Demagoguery on the airwaves

[Research Highlight]

September 08, 2021

Tianyi Wang discusses Father Coughlin’s populist radio broadcasts and their effects on public opinion during the Great Depression.

Foreign interventions

[Page]

Do scholars need a better framework for thinking about foreign influence?

The failure of “soft” affirmative action

[Research Highlight]

March 19, 2021

Why didn’t the NFL’s Rooney Rule lead to more minority head coaches being hired?

Mobile money and migration

[Research Highlight]

January 13, 2021

An experiment in Bangladesh showed that its new urban workers can use mobile banking to help support their families in the countryside.

Antitrust and innovation

[Page]

How did the 1956 consent decree against Bell Labs spur new inventions?

Uneven sectoral dynamics of the COVID-19 recession

[Page]

The pandemic reorganized the US business sector, creating clear economic winners and losers.

Call for Papers: Orlando Annual Business Research Conference (OABRC) 2026

[News]

August 06, 2025

The submission deadline is December 20, 2025.

Identifying Monetary Policy Shocks: A Natural Language Approach

By S. Borağan Aruoba and Thomas Drechsel

American Economic Journal: Macroeconomics

We develop a novel method for the identification of monetary policy shocks. By applying natural language processing techniques to documents that Federal Reserve staff prepare in advance of policy decisions, we capture the Fed's information set. Using mach...

The Transmission of Monetary Policy to Corporate Investment: the Role of Loan Renegotiation

By Eunkyung Lee

American Economic Journal: Macroeconomics

I construct a novel dataset comprising over 100,000 loan observations from U.S. firms and estimate that renegotiating existing loans —rather than originating new loans —significantly contributes to the corporate investment response to monetary policy...

Call for Nominations: $300,000 Nemmers Prize in Economics

[News]

August 11, 2025

Nominations will be accepted until January 14, 2026.

CTREE Conference 2025

[Page]

May 28–30, 2025 | Westin Denver Downtown, Denver, CO

Understanding the US net foreign asset position

[Research Highlight]

August 11, 2025

Andrew Atkeson discusses changes in how much the United States is indebted to the rest of the world.