综合经济学
We model stochastic choice as environment-dependent switching among a small library of deterministic decision rules. A Random Rule Model generates menu-level choice probabilities via named, interpretable rules weighted by observable menu…
Item nonresponse to financial questions is a persistent source of survey error, especially in interviewer-administered surveys. We examine whether interviewers' expectations about respondents' willingness to report income are associated…
This paper develops a political-economy theory of statehood without capacity. I argue that under specific institutional and geopolitical conditions, a polity can become trapped in an equilibrium of nominal statehood: a state in which claims…
While climate-induced population migration has received rising attention, the role played by human climate endeavors remains underexplored. Here, we combine machine learning with attribution mapping to analyze the impacts of 4,713…
We develop a high-precision classifier to measure artificial intelligence (AI) patents by fine-tuning PatentSBERTa on manually labeled data from the USPTO's AI Patent Dataset. Our classifier substantially improves the existing USPTO…
We investigate the economic and environmental impacts of the European Carbon Border Adjustment Mechanism (CBAM) using a multi-country, multi-sector general equilibrium model with input-output linkages. We quantify the general equilibrium…
This perspective paper examines a fundamental paradox in the relationship between professional expertise and artificial intelligence: as domain experts increasingly collaborate with AI systems by externalizing their implicit knowledge, they…
This paper develops a rigorous mathematical framework for egalitarian ethics by integrating formal tools from economics and mathematics. We motivate the formalism by investigating the limitations of conventional informal approaches by…
Many countries impose regulatory restrictions on lending rates known as interest rate caps. In most cases, these restrictions apply to the effective (rather than nominal) interest rate, a measure which incorporates all commissions and fees…
We explore a quantitative approach to emerging technological sovereignty and geoeconomic power by assessing the relative positioning of countries with economic complexity methods applied to the structure of national venture-capital (VC)…
This study investigates the transmission of monetary policy narratives to Bitcoin prices, distinguishing the impact of ex-ante expectations from ex-post interest rate implementation. We introduce a high-frequency Monetary Policy…
The US economy is transitioning away from fossil fuels toward sources of green energy. California policymakers have adopted the goal of carbon neutrality by 2045 or earlier. Within California, Kern County accounts for over 70 percent of oil…
Variations in the low- and high-frequency components of temperature may have distinct impacts on economic outcomes. Parametric and non-parametric estimates from three panels of data all find significant heterogeneity in the relative…
The rapid expansion of remote work following the last pandemic has renewed interest in whether spatial decoupling of residence from workplace can contribute to rebalancing regional development across the European Union. This paper examines…
The AKM model introduced by Abowd, Kramarz and Margolis (1999) has become a workhorse to study worker and firm heterogeneity, and to understand the sources of wage dispersion in the labor market using linked employer-employee data. In this…
Over the past three decades, extreme climate events have caused losses of worth USD 4.5 trillion. Using collective bargaining model, I find that the gendered labour supply response to adverse shocks is not straightforward since it depends…
This paper introduces a new event-based measure of bilateral geopolitical alignment and provides evidence that it shapes economic growth. The measure is built from 373,020 geopolitical events across 193 countries over 1960--2024, compiled…
Capital growth, at large scales only, arrives with no help from net saving, and consequently with no help from consumption constraint. Net saving, at large scales, is sacrifice of consumption with nothing in return.
Recent waves of technological transformation are reshaping work in uncertain and hard-to-predict ways. However, jobs at the forefront of the digitizing economy offer an early glimpse of these changes and leave rich activity traces. We…
We study a canonical collective action game with incomplete information. Individuals attempt to coordinate to achieve a shared goal, while also facing a temptation to free-ride. Consuming more similar information about the fundamentals can…