"We measure the extent to which curbside access affects quantity recycled. We use novel data to distinguish between new recycling and material diverted from other recycling modes. We find that the marginal impact of expanding curbside programs on total recycled quantities is small, in part...

In this article we examine one potential explanation for the cross-country differences in the importance of banks and capital market financing of investment. We provide both an equilibrium model predicting and empirical evidence showing that countries with explicit deposit insurance and a high...

"Central bankers and financial supervisors can have conflicting goals. While monetary policymakers work to ensure sufficient lending activities as a foundation for high and stable economic growth, supervisors may limit banks' lending capacities in order to prevent excessive risk taking. We show...