Health care costs represent a nearly 18% of U.S. gross domestic product and 20% of government spending. While there is detailed information on where these health care dollars are spent, there is much less evidence on how this spending affects health. The research in Measuring and Modeling Health...

We examine how the media's systematic selection of reporting topics influences household responses to inflation news. In a model where households learn about inflation from news coverage, households account for news selection when forming their expectations. Because media are more likely to...