Research Brief Library

The dollar-based correspondent network offers banks in emerging markets and developing countries greater ability to make and receive payments compared to other currencies’ networks. Financial sanctions are powerful because they sever or degrade access to the dollar network, leaving targeted...

The COVID-19 fiscal stimulus increased household car purchases by 5.5 million vehicles (3.2%) during 2020–2022, but accounts for less than 20% of the rise in auto prices, which is instead largely attributable to supply constraints, easier credit, and a pandemic...

Compared to men, women place greater weight on balancing career and family when choosing their college major, a difference in preferences that accounts for about 30% of the gender earnings gap among college graduates. Gender quotas in high-return fields can...

This paper describes a model that addresses scalability issues surrounding policy proposals by incorporating “Option C thinking” into a program’s initial design, which anticipates at-scale implementation constraints.

When financial scarcity prevents parents from reading with their children, the bottleneck is reduced attention rather than lessened self-control, driven by the felt experience of scarcity.

When firms take controversial social stances, consumers most aligned with the stance increase their spending significantly, while those most opposed reduce theirs, although at a lower rate; these behaviors persist beyond the initial announcement.

Roughly one in four 14-15-year-old Australian youth complied with a recent ban of social media, far below the two-thirds needed for young teenagers to consider compliance worthwhile. Current patterns suggest that compliance is more likely to diminish than to increase.

The physician pipeline, which is regulated by caps on medical school seats and which directs the most proficient trainees to high-paying specialties, faces competition from the rise of nurse practitioners, physician assistants, and other mid-level practitioners, forcing competition policy in...

Regulatory limits on fund portfolio concentration can distort stock prices by limiting the ability of optimistic investors to buy as much as they would like, which causes constrained funds to perform worse than otherwise.

Physician incomes in the United States, Canada, Sweden, and the Netherlands are concentrated in the top percentiles of the income distribution, though incomes are highest in the United States, mainly reflecting differences in overall income distributions, which suggests that broader...