Natality Data from the National Vital Statistics System of the National Center for Health Statistics provides demographic and health data for births occurring during the calendar year. The microdata ...

Black mothers with unscheduled deliveries are 25 percent more likely to deliver by C-section than non-Hispanic white mothers. The gap is highest for mothers with the lowest risk and is reduced by only ...

We propose uncertainty shocks as a new shock that drives business cycles. First, we demonstrate that microeconomic uncertainty is robustly countercyclical, rising sharply during recessions, ...

R&D spillovers are, potentially, a major source of endogenous growth in various recent "New Growth Theory" models. This paper reviews the basic model of R&D spillovers and then focuses on the ...

Since 1970, the Conference on Econometrics and Mathematical Economics (CEME) has received support from the National Science Foundation to hold a series of meetings on research issues in economic ...

This paper provides an assessment of the early contributions of machine learning to economics, as well as predictions about its future contributions. It begins by briefly overviewing some themes from ...

Artificial intelligence can use an individual’s data to make predictions about what they might desire, be influenced by, or do. The use of an individual’s data in this process raises privacy concerns.

In manufacturing, technology has sharply reduced jobs in recent decades. But before that, for over a century, employment grew, even in industries experiencing rapid technological change. What changed?

The evolution of artificial intelligence and automation evokes strong emotions in people. Some imagine a dystopia in which people lose employment opportunities and are replaced by machines. Others ...

The COVID-19 pandemic led to unprecedented levels of federal transfers to state governments. Did this funding increase benefit incumbent politicians electorally? Identifying the effect of revenue ...

Green finance emphasizes “additionality,” meaning funded projects should offer distinct environmental benefits beyond standard practice. Analysis of U.S. corporate and municipal green bonds, however, ...

There is a rapidly advancing literature on the macroeconomics of climate change. This review focuses on developments in the construction and solution of structural integrated assessment models (IAMs), ...