Publications

2025
Working Paper

Navigating Choppy Waters: How U.S. Trade Policy Uncertainty Affects Small Businesses

By: David Atkin, Zoë Cullen and Ebehi Iyoha

This paper explores the impact of recent changes in the US trade policy environment on small businesses. Drawing on a survey of more than 4,000 small businesses conducted between March 22 and 31, 2025, we examine firms’ knowledge, expectations, and decisions during... View Details

Keywords: Trade; Risk and Uncertainty; Government Legislation; Globalization; International Relations; Small Business

August 26, 2008
Editorial

Dropping the Ball on Russia Policy

By: R. Dujarric and A. Zelleke

Keywords: Policy; Russia

August 2023
Article

Taking Stock of the Implementation Gap in Climate Policy

By: Taryn Fransen, Jonas Meckling, Anna Stunzi, Tobias Schmidt, Florian Egli, Nicolas Schmid and Christopher Beaton

A gap persists between the emissions reductions pledged by countries under the Paris Agreement and those resulting from their domestic policies. We argue that this gap in fact contains two parts: one in the policies that countries adopt, and the other in the outcomes... View Details

Keywords: Emission Reduction; Outcome or Result; Policy; Environmental Regulation; Equality and Inequality

06 May 2020
News

How microeconomics can help devise evidence-based policy responses to COVID-19

Article

The Wage Policy of a Firm

By: George P. Baker, Michael Gibbs and Bengt Holmstrom

Keywords: Policy; Business Ventures; Wages

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Article

Dividend Policy inside the Multinational Firm

By: Mihir A. Desai, C. Fritz Foley and James R. Hines Jr.

Keywords: Profit; Policy; Business Ventures

SSRN

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07 Oct 2016
Working Paper Summaries

Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy

Keywords: by Wenxin Du, Carolin E. Pflueger, and Jesse Schreger

08 Aug 2016
Working Paper Summaries

The Unintended Consequences of the Zero Lower Bound Policy

Keywords: by Marco Di Maggio and Marcin Kacperczyk; Banking

2009
Chapter

Behavioral Aspects of Price Setting, and Their Policy Implications

By: Julio J. Rotemberg

This paper starts by discussing consumers' cognitive and emotional reaction to posted prices. Cognitively, some consumers do not appear to make effective use of price information to maximize their consumption-based utility. Emotionally, prices can induce regret and... View Details

Keywords: Inflation and Deflation; Price; Policy; Laws and Statutes; Demand and Consumers; Business and Government Relations

02 Dec 2009
What Do You Think?

Should Immigration Policies Be More Welcoming to Low-Skilled Workers?

Gupta commented that responses to the question of whether immigration policies should be more welcoming to low-skilled workers assumed that the issue was limited to the United States. Gupta reminds us that it could just as well have... View Details

Keywords: by Jim Heskett

1994
Chapter

Competition Policy and Privatization: An Organizational Perspective

By: James Langenfeld and Dennis Yao

Competition (antitrust) policies in Central and Eastern Europe need to address both short-term problems associated with the transition to a market economy as well as the development of institutions suitable for a mature market economy. In this paper we employ an... View Details

Keywords: Economic Systems; Policy; Development Economics; Emerging Markets

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2008
Working Paper

Behavioral Aspects of Price Setting, and Their Policy Implications

By: Julio J. Rotemberg

This paper starts by discussing consumers' cognitive and emotional reaction to posted prices. Cognitively, some consumers do not appear to make effective use of price information to maximize their consumption-based utility. Emotionally, prices can induce regret and... View Details

Keywords: Inflation and Deflation; Price; Policy; Laws and Statutes; Consumer Behavior; Emotions

2019
Working Paper

U.S. Antitrust Law and Policy in Historical Perspective

By: Laura Phillips Sawyer

The key pieces of antitrust legislation in the United States—the Sherman Antitrust Act of 1890 and the Clayton Act of 1914—contain broad language that has afforded the courts wide latitude in interpreting and enforcing the law. This article chronicles the judiciary’s... View Details

Keywords: Antitrust; Trusts; Restraint Of Trade; Merger; Cartel; New Deal; Harvard School; Chicago School Of Law And Economics; Post-Chicago; Law; Competition; Policy; Vertical Integration; Horizontal Integration; Acquisition

1999
Chapter

Small Businesses, Innovation, and Public Policy

By: Josh Lerner

Keywords: Innovation and Invention; Innovation and Management; Policy; Government and Politics; Business and Government Relations

2024
Working Paper

Open Source Software Policy in Industry Equilibrium

Open source software (OSS) is a form of public knowledge widely provided and relied on by the private sector. To study the effects of growing government involvement in this critical public good, I build a new empirical model where high-tech firms choose software inputs... View Details

16 Oct 2014
News

Reducing special-interest influence over government regulation

including, but not limited to, deregulation,” write Moss and his coauthor Daniel Carpenter, the Freed Professor of Government at Harvard University. In fact, the evidence suggests that strong or pervasive types of regulatory capture—the... View Details

January 1997 (Revised March 1997)
Background Note

Note on Money and Monetary Policy

By: David A. Moss and Wyatt C. Wells

Offers a brief overview of economic thinking about the nature of money and about how the central bank can affect the economy through monetary policy. View Details

Keywords: Sovereign Finance; Government Administration; Policy; Central Banking; Money; Inflation and Deflation; Financial Crisis

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