As national income accounting standards are updated to incorporate expanded guidance on issues related to natural capital, ...

The researchers conclude that additional education reduces ADRD risk: Individuals born after the cutoff date showed a 0.2 percentage point reduction in ADRD diagnosis at age 65. The pre-reform ...

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the ...

How can we use the novel capacities of large language models (LLMs) in empirical research? And how can we do so while accounting for their limitations, which are themselves only poorly understood? We ...

We study market illiquidity in an economy subject to non-fundamental shocks. Asset trading occurs via decentralized one-on-one bargaining. The model has multiple rational expectations equilibria; we ...

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