Browse all publications

This study finds that wage subsidy policies that allow firms to choose who to hire and how to spend the subsidy lead to firm expansion and the creation of net employment.

While performance-based ranking may induce workers to increase effort because of status concerns, such information may also demotivate them or make them wary of outperforming peers.

This study by Nchake, Edwards and Rankin (2017), published in the International Review of Economics and Finance, utilizes detailed micro price data to estimate the impact of closer monetary union on the integration of product markets across countries, considering two

This paper by Samphantharak and Townsend (2018), published in the American Economic Journal: Microeconomics, provides a theory-based empirical framework for understanding the risk and return on productive capital assets and their allocation across activities in an eco