The typical conclusion reached when researchers examine exchange rate exposure is that only a few firms are exposed. This finding is puzzling since institutional knowledge and theory suggests a larger effect. In this paper, we compare results obtained using a linear approach with those from...

After roughly 10 years of decline, the U.S. fertility rate reached a historic low in 2017. However, aggregate trends in fertility mask substantial heterogeneity across different demographic groups. Young women and unmarried women have seen the largest declines in fertility in recent years while...