The idea of financing a fiscal stimulus with money creation has long been a taboo and disregarded as a policy option. But is this justified? Jordi Galí investigates the effects of a government engaging in just such a stimulus as compared with a debt-financed stimulus.
Roberto Burguet identifies optimal rules for a procurer when he incorporates the possibility that a supplier can bribe the inspector to misrepresent quality.
Facundo Albornoz, Antonio Cabrales and Esther Hauk investigate the interplay and effects of a person’s optimal group membership and the amount of effort placed in socializing and producing within the group.
Married couples are healthier than singles. New work by Nezih Guner, Yuliya Kulikova and Joan Llull seeks to determine the direction of causality by exploiting panel data. (This post first appeared on VoxEU.org)
Does judiciary presence affect a politician’s management or possible graft of public resources? Stephan Litschig and Yves Zamboni estimate the effect of judges and prosecutors on the management of public resources in Brazil.
Yael Hochberg, Carlos Serrano, and Rosemarie Ziedonis estimate the effect of patent trading activity on the rate of startup lending and the role of venture capital in accessing lending markets.