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Driving under the (Cellular) Influence

By Saurabh Bhargava and Vikram S. Pathania

American Economic Journal: Economic Policy, August 2013

We investigate the causal link between driver cell phone use and crash rates by exploiting a natural experiment induced by the 9 pm price discontinuity that characterizes a majority of recent cellular plans. We first document a 7.2 percent jump in driver ...

Economics in the Former Soviet Union

By Michael Alexeev, Clifford Gaddy, and Jim Leitzel

Journal of Economic Perspectives, Spring 1992

One of the most notable, but least discussed, aspects of the halting attempts during the past six years to reform the economies of the Soviet Union, and now those of its successor states, has been the prominent role played by professional economists. Not ...

Optimal Inflation for the US Economy

By Roberto M. Billi

American Economic Journal: Macroeconomics, July 2011

This paper studies the optimal long-run inflation rate (OIR) in a small New Keynesian model, where the only policy instrument is a short-term nominal interest rate that may occasionally run against a zero lower bound (ZLB). The model allows for worst-case...

Economic Policy and Prospects in Iraq

[Symposium: Middle East]

By Christopher Foote, William Block, Keith Crane, and Simon Gray

Journal of Economic Perspectives, Summer 2004

This paper describes the Coalition Provisional Authority's attempts to stabilize and reform Iraq's economy along market lines. It argues that while security concerns remain serious, Iraq's economy has not been crippled by violence. However, sustained econ...