Place-based investments can have unintended general equilibrium effects and face challenges of time inconsistency. This paper simulates the granular impact of alternative spatial and temporal designs of such investments, using Quantitative Spatial Models where the strategy of the policymaker is...

We study how government policies and corporate commitments to decarbonize interact under two externalities: environmental damages and green innovation spillovers. Unconstrained carbon taxes and innovation subsidies could achieve first-best outcomes, but when government policies face constraints,...

We define risk transfer as the percent change in the market risk exposure for a group of investors over a given period. We estimate risk transfer using novel data on U.S. investors' portfolio holdings, flows, and returns at the security level with comprehensive coverage across asset classes and...

Leveraging rich data on the universe of Texas high school graduates, we estimate how the relationship between geographic access to public two- and four-year postsecondary institutions and postsecondary outcomes varies across race-ethnicity and socioeconomic status. We find that students are...

Early childhood in developing countries faces a greater prevalence of risk factors and limited resources, underscoring the need for effective, scalable support models. We develop and experimentally evaluate a multi-component approach to enhance family well-being over-the-phone. The program...

We propose a novel time-series econometric framework to forecast U.S. Presidential election outcomes in real time by combining polling data, economic fundamentals, and political prediction market prices. Our model estimates the joint dynamics of voter preferences across states. Applying our...

We investigate how firms manage financial default risk (on debt) and operational default risk (on delivery obligations). Financially constrained firms reduce operational hedging through inventory and supply chain in favor of cash holdings. Our model predicts that firms' markup increases with...

Children with a disability are 3.5 times more likely to be maltreated. Federal Early Intervention (EI) serves 426,000 children 0-3 with a disability, 3.7% of the entire population under three. EI's objective is to support families in caring for their children's special needs. Compared to...

Charging infrastructure is critical to electric vehicle (EV) adoption, but for chargers to be most useful, EV drivers need to know in real time where they are and whether they are working and available. We investigate the availability of real-time data from DC fast chargers on six major US...

Explanations for the West's escape from premature mortality have focused on chronic malnutrition or income and on public health or state capacity. We argue that by ignoring the multigenerational effects of variance in ancestors' harvests, we are underestimating the contribution of modern...