In 1900, 90 percent of America?s black population lived in the South and only 4.3 percent of those born in the region era living elsewhere. By 1950 the proportion of blacks living in the South had declined to 68 percent and 19.6 percent of those born in the region had left it. Using samples...

In 1900, 90 percent of America?s black population lived in the South and only 4.3 percent of those born in the region era living elsewhere. By 1950 the proportion of blacks living in the South had declined to 68 percent and 19.6 percent of those born in the region had left it. Using samples...

We estimate a multi-country multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020-2023 in several countries, including the United States. The model matches observed inflation together with sector-level prices and wages. We further measure the relative...

We propose a conformant likelihood estimator with exogeneity restrictions (CLEER) for random coefficients discrete choice demand models that is applicable in a broad range of data settings. It combines the likelihoods of two mixed logit estimators--one for consumer level data, and one for...

Many US federal agencies model the economic and budgetary effects of research and development (R&D) investments -- both public R&D and private R&D -- as if R&D were the same as any other form of investment, such as physical capital investment. However, in recent decades a broad base of evidence...