When broadband comes to banks: Credit supply, market structure, and information acquisition
Banks have long relied upon cutting-edge technologies to deliver products and improve efficiency, but there is limited evidence on the impact of fast internet on
Updating my priors on the effectiveness of wage subsidies in developing countries
In 2017 I published (ungated) a review of active labor market programs in developing countries, in which I concluded that the “accumulated evidence suggests that wage subsidies
The flawed rationale behind America’s “reciprocal tariffs”
On 2 April 2025, the Trump administration declared a “national emergency” caused by “large and persistent US goods trade deficits” and announced the imposition of
Effects of monetary policy on labour income: The role of the employer
How do monetary policy shocks affect workers’ wages and employment? This column looks at the role that firms play in determining the wage and employment
