How are applications to start new businesses related to aggregate economic activity? This paper explores the properties of three monthly business application series from the U.S. Census Bureau’s ...

Markets, likened to an invisible hand, often appear to contradict econometric assumptions that rule out spillovers of one person’s treatment on another’s outcomes. This paper provides a simple ...

A $7,500 electric vehicle federal tax credit may be slashed by the incoming Trump administration just as consumer enthusiasm ...

We rationalize these findings in a menu cost model with positive trend inflation and decreasing returns at the firm level, which replicates firm and aggregate Phillips curve convexity. The ...

We study the causal effects of income on political attitudes and behavior with a field experiment. In the experiment, a non-profit gifted 1,000 low-income Americans $1,000 per month for three years ...

The Phillips curve is convex in the short term but linear over longer time horizons, according to new research that adds to a ...

At baseline, local new business entry is positively associated with the proportion of occupations amenable to telework in the region. Utilizing the advent of the COVID-19 pandemic and the ...

While it's unclear if the US will experience a recession in the near future, data from the National Bureau of Economic Research (NBER) — the private, nonprofit research group that's responsible ...

The working paper, published by US non-profit organisation the National Bureau of Economic Research (NBER), reviews ...