We study how Elon Musk's polarizing and partisan actions have impacted Tesla vehicle sales in the United States. Using county-level, monthly data on new vehicle registrations, we leverage how changes ...

Because interest rates rise with debt, borrowers have increasingly larger incentives to use an additional dollar to reduce debt service payments rather than consume. Using our calibrated model, we ...

To illustrate this point, we construct the first database of annual US statutory tariffs from 1972 to 1988 and use it to explore the consequences of liberalization in the years spanning the Tokyo ...

John Leahy and Casey Mulligan. NBER Research Associates John Leahy and Casey Mulligan have been tapped for new roles in the ...

This paper examines the effects of tariffs along the supply chain using product-level data from a large U.S. wine importer in the context of the 2019-2021 U.S. tariffs on European wines. By combining ...

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This chapter explores the long-run implications of Artificial General Intelligence (AGI) for economic growth and labor markets. AGI makes it feasible to perform all economically valuable work using ...

In The Extraordinary Rise in the Wealth of Older American Households (NBER Working Paper 34131), Edward N. Wolff documents changes in age-wealth profiles in the US between 1983 and 2022. Using data ...

This paper explores similarities and differences between the run-up of oil prices in 2007-08 and earlier oil price shocks, looking at what caused the price increase and what effects it had on the ...

The welfare contributions of the digital economy, characterized by the proliferation of new and free goods, are not well-measured in our current national accounts. We derive explicit terms for the ...

This paper investigates how innovation responded to and shaped the economic impact of the American Dust Bowl, an environmental catastrophe that led to widespread soil erosion on the US Plains during ...

In a model with realistic risk premia, nominal rigidities, and an intermediary sector, calibrated to the U.S., we estimate this threshold at 189%. We highlight the roles of safety premia and ...