Can government policies that increase the monopoly power of firms and the militancy of unions increase output? This paper shows that the answer is yes under certain "emergency" conditions. These emerg
These are a series of data sets from our projects on the New Deal. For a survey of the projects, see Price Fishback. “How Successful Was the New Deal? The Microeconomic Impact of New Deal Spending
The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers, however, believe tha
