The United States produces 41% of the world's corn and 38% of the world's soybeans, so any impact on US crop yields will have implications for world food supply. We pair a panel of county-level crop ...

The yield on 30-year Treasury bonds rose and peaked at 5.2 percent in late May, its highest level since before the 2007–08 global financial crisis. The 10-year TIPS-Treasury premium declined by nearly ...

Between 1980 and 2022, China’s share of global research publications in top journals rose from a negligible level to 32 percent, while the US share declined from 60 to about 24 percent.

We combine nine previously proposed measures to construct an index of political polarization among US adults. We find that the growth in polarization in recent years is largest for the demographic ...

Chile's cybernetic coordination system under Salvador Allende — during the October 1972 national truckers' strike, which cut aggregate industrial output by roughly 9 percent. Using monthly data for ...

We systematically analyze FOMC meeting records from 1937 to 2025 to construct meeting-level measures of the Fed’s real-time attribution of inflation to demand and supply pressures. We document ...

Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable gains in employment rates it had achieved during the 1990s, with ...

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, ...

Most US innovation stems from firms that operate R&D facilities in many local markets. IBM and Google are two prominent examples, with R&D activities—measured by patenting—in approximately 70 and 20 ...

Shifting from realization-based to accrual-based taxation of the gains on founders’ equity would dilute the stakes of those who succeed but also provide some insurance to those who fail. To evaluate ...

Lauren Cohen, David Kim and Eric So received a Best Paper Prize from the Eastern Finance Association Meetings. Cohen, with ...

Political affiliation has emerged as a potential risk factor for COVID-19, amid evidence that Republican-leaning counties have had higher COVID-19 death rates than Democrat- leaning counties and ...