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Podcast Jul 9, 2024

The Uncertainties of Climate Change

How can we incentivize the private and public sectors to develop and deploy solutions to climate change, while accounting for...
Topics: Energy & Environment
Research Briefs·Mar 7, 2024

What Drives Inflation? Lessons from Disaggregated Price Data

Elisa Rubbo
US inflation in the early phases of the COVID pandemic was entirely driven by disruptions in supply and demand across...
Topics: COVID-19, Monetary Policy
Research Briefs·Feb 1, 2024

Quantifying the Social Value of a Universal COVID-19 Vaccine and Incentivizing Its Development

Rachel Glennerster, Thomas Kelly, Claire T. McMahon and Christopher M. Snyder
A universal COVID-19 vaccine that is effective against existing and future variants could provide the United States population with $1.5–$2.6...
Topics: COVID-19
Research Briefs·Nov 15, 2023

Greater Than the Sum of Its Parts: Aggregate vs. Aggregated Inflation Expectations

Alexander Dietrich, Edward S. Knotek II, Kristian O. Myrseth, Robert W. Rich, Raphael Schoenle and Michael Weber
A novel measure of consumer inflation expectations that is constructed by combining forecasts from across different categories of consumption is...
Topics: COVID-19
Research Briefs·Oct 3, 2023

Private Actions in the Presence of Externalities: The Health Impacts of Reducing Air Pollution Peaks but not Ambient Exposure

Joshua Dean and Susanna B. Berkouwer
Improved cookstoves reduce exposure to peak cooking emissions by 42%, though impacts on overall pollution exposure are muted by high...
Topics: Development Economics, Energy & Environment, Health care
Podcast Sep 19, 2023

How Much Would it Cost to Save the Rainforest?

Tess Vigeland and Lars Peter Hansen
As a massive carbon sink, the Brazilian Amazon plays a crucial role in stabilizing the global climate. It’s also valuable...
Topics: Energy & Environment
Research Briefs·Jul 6, 2023

Carbon Prices and Forest preservation Over Space and Time in the Brazilian Amazon

Juliano J. Assunção, Lars Peter Hansen, Todd Munson and José A. Scheinkman
With modest transfers per ton of net CO2, Brazil would find it optimal to choose policies that produce substantial capture...
Topics: Energy & Environment, Financial Markets
Research Briefs·Jun 22, 2023

Finance and Climate Resilience: Evidence From the Long 1950s US Drought

Raghuram G. Rajan and Rodney Ramcharan
Areas affected by the 1950s drought where access to credit was constrained experienced sharp declines in bank lending, net emigration,...
Topics: Energy & Environment, Financial Markets
Research Briefs·Jun 20, 2023

When Cryptomining Comes to Town: High Electricity-Use Spillovers to the Local Economy

Matteo Benetton, Giovanni Compiani and Adair Morse
Households and small businesses paid an extra $204 million and $92 million annually, respectively, in Upstate New York because of...
Topics: Energy & Environment, Financial Markets