Taxing Hidden Wealth: The Consequences of US Enforcement Initiatives on Evasive Foreign Accounts

By Niels Johannesen, Patrick Langetieg, Daniel Reck, Max Risch, and Joel Slemrod

American Economic Journal: Economic Policy, August 2020

In 2008, the IRS initiated efforts to curb the use of offshore accounts to evade taxes. This paper uses administrative microdata to examine the impact of enforcement efforts on taxpayers' reporting of offshore accounts and income. We find that enforcement...

SVAR (Mis)identification and the Real Effects of Monetary Policy Shocks

By Christian K. Wolf

American Economic Journal: Macroeconomics, October 2020

I argue that the seemingly disparate findings of the recent empirical literature on monetary policy transmission are all consistent with the same standard macro models. Weak sign restrictions, which suggest that contractionary monetary policy, if anything...

Fighting Crises with Secrecy

By Gary Gorton and Guillermo Ordoñez

American Economic Journal: Macroeconomics, October 2020

How does central bank lending during a crisis restore confidence? Emergency lending facilities that are opaque (in that names of borrowers are kept secret) raise the perceived average quality of bank assets in the economy, creating an information external...

Quietly preventing a bank run

[Research Highlight]

September 23, 2020

Should policymakers maintain anonymity for financial institutions who need a bailout during a crisis?

Faculty Positions in Economics - Impact of Race in America

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International exposure

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Revaluations of foreign currency debt can be especially severe for individual borrowers.

Bureaucratic water fights

[Research Highlight]

October 07, 2020

Resolving tension between state and local authorities in Brazil boosted needed investments in water and sanitation services.

The Buck Stops Where? Federalism, Uncertainty, and Investment in the Brazilian Water and Sanitation Sector

By Evan Plous Kresch

American Economic Journal: Economic Policy, August 2020

This paper documents how regulatory uncertainty may undermine public service when different levels of government share a mandate on public service provision. I examine the Brazilian water and sanitation sector, which presents a natural experiment of share...

Gender roles and misperceptions

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Men in Saudi Arabia underestimate how many of their peers think women should be able to work outside the home.

Russell Sage Foundation Programs and Initiatives Currently Accepting Letters of Inquiry

[News]

October 13, 2020

The deadline is November 11, 2020 at 2:00 p.m. EDT.

Russell Sage Foundation Pipeline Grants Competition

[News]

October 13, 2020

The deadline is November 2, 2020 at 2:00 p.m. EDT.

Populism's rise

[Research Highlight]

October 05, 2020

Political scientist Yotam Margalit discusses why economic anxiety alone doesn’t explain the appeal of populist politicians.

CSWEP Panel: Jobs Outside of Academia for Economists

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Fellow

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Call for Proposals: The Pacific Center for Asset Management at UCSD

[News]

October 16, 2020

The deadline for submissions is November 15, 2020.

The rise of the service economy

[Research Highlight]

October 16, 2020

Structural changes are reshaping growth, interest rates, and investment in the world’s economies.

The Rise of Services and Balanced Growth in Theory and Data

By Miguel León-Ledesma and Alessio Moro

American Economic Journal: Macroeconomics, October 2020

We investigate the effect of structural transformation on the process of economic growth. Using a two-sector growth model we show that, in addition to Baumol's cost disease, structural transformation from goods to services generates other predictions that...

Nudging science in new directions

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How much does it cost to coax researchers outside of their comfort zones?

Call for Papers for TeachECONference2021

[News]

October 21, 2020

Call for Papers: SSSA New Orleans 2021

[News]

October 22, 2020

The meeting will be held on April 15-17, 2021.