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January 19, 2022
Research Briefs in Economic Policy

No. 283
The Economic Costs of Pretrial Detention
In our research, we measure some of the economic costs of the pretrial system—an important but often neglected feature of the criminal justice system that affects over 10 million individuals each year who are arrested for an offense in the United States.
By Will S. Dobbie and Crystal S. Yang
January 18, 2022
Study

2021 Arms Sales Risk Index
This year, the report includes a special section focused on the risks of small arms and light weapons sales.
By A. Trevor Thrall and Jordan Cohen
January 12, 2022
Research Briefs in Economic Policy

No. 282
Expansionary Monetary Policy Increases Inequality
As a first extension of our analysis, we study the distributional effects of monetary policy on consumption and wealth accumulation.
By Asger Lau Andersen, Niels Johannesen, Mia Jørgensen, & José-Luis Peydró
January 5, 2022
Research Briefs in Economic Policy

No. 281
Monetary Policy and Racial Inequality
In our research, we quantify and compare the sizes of both the earnings and portfolio effects of monetary policy and find evidence that both effects are at play.
By Alina Bartscher, Moritz Kuhn, Moritz Schularick, & Paul Wachtel
December 15, 2021
Survey Reports

Poll: 75% Don’t Trust Social Media to Make Fair Content Moderation Decisions, 60% Want More Control over Posts They See
81% of Republicans think Facebook and Twitter’s Trump ban violated the First Amendment; strong liberals are three times more likely than conservatives to report users on social media; 58% of Americans support a First Amendment content moderation standard.
By David Kemp and Emily Ekins
December 15, 2021
Research Briefs in Economic Policy

No. 280
Getting Schooled: The Role of Universities in Attracting Immigrant Entrepreneurs
From a policy perspective, our results emphasize the importance of immigrant entrepreneurs as founders of startups with high growth potential.
By Natee Amornsiripanitch, Paul A. Gompers, George Hu, & Kaushik Vasudevan
December 9, 2021
Pandemics and Policy

Economic Freedom and Resilience: New Evidence from the 1918 Pandemic
This essay presents new research that shows the importance of economic freedom—which is taken here as an indicator of institutional quality—in mitigating the damage of pandemics and epidemics.
By Vincent Geloso
December 8, 2021
Research Briefs in Economic Policy

No. 279
Misdemeanor Prosecution and Recidivism
In our work, we use new data on the prosecution of nonviolent misdemeanor criminal complaints from the Suffolk County District Attorney’s Office in Massachusetts between 2004 and 2018 to estimate the impact of nonprosecution of nonviolent misdemeanors on future criminal justice system contact.
By Amanda Agan, Jennifer Doleac, and Anna Harvey
December 1, 2021
Research Briefs in Economic Policy

No. 278
The Economic Geography of Global Warming
Our evaluation of the effects of global warming emphasizes economic adaptation through migration, trade, and endogenous local innovation.
By José-Luis Cruz and Esteban Rossi-Hansberg
November 30, 2021
Briefing Paper

No. 130
What Should Policymakers Do about Climate Change?
In this brief, we set aside whether the current scientific consensus on climate change is accurate and address how policymakers should respond if it is.
By Jeffrey Miron and Pedro Aldighieri
November 17, 2021
Research Briefs in Economic Policy

No. 277
The Intended and Unintended Consequences of Disposable Bag Regulation
One potential reason for the relatively narrow scope of these types of regulations is that, in many cases, it is politically infeasible to ban a broader class of products, such as a ban on all sugar-sweetened beverages.
By Tatiana Homonoff, Lee-Sien Kao, Javiera Selman, & Christina Seybolt
November 15, 2021
Briefing Paper

No. 129
The Infrastructure Investment and Jobs Act’s Attack on Crypto: Questioning the Rationale for the Cryptocurrency Provisions
It would be far more efficient for the government to look at the blockchains themselves—like many law enforcement agencies already do—than require countless individuals to report transaction after transaction to the IRS.
By Nicholas Anthony
November 10, 2021
Research Briefs in Economic Policy

No. 276
In Vaccines We Trust? The Effects of the CIA’s Vaccine Ruse on Immunization in Pakistan
In our work, we exploit a sequence of events that took place in the recent history of Pakistan and that severely affected the degree to which citizens trusted formal medicine and vaccines.
By Monica Martinez-Bravo and Andreas Stegmann
November 8, 2021
Working Paper

No. 64
Evidence for Community Cloth Face Masking to Limit the Spread of SARS-CoV-2: A Critical Review
Of sixteen quantitative meta-analyses, eight were equivocal or critical as to whether evidence supports a public recommendation of masks, and the remaining eight supported a public mask intervention on limited evidence primarily on the basis of the precautionary principle.
By Ian T. Liu, Vinay Prasad, MD, MPH, and Jonathan J. Darrow
November 5, 2021
Briefing Paper

No. 128
A Simple Proposal for Regulating Stablecoins
There is nothing inherently problematic about a federal regulatory framework for stablecoins, and a properly structured one would likely spur further innovation to the U.S. payments system, benefiting millions of people.
By Norbert Michel and Jennifer J. Schulp