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Public economics. (report on the Program in Public Economics)
September 22, 1992... The NBER Program in Taxation was renamed the Program in Public Economics in 1991. This change recognizes that governments face significant challenges in designing expenditure policies as well as tax policies, and broadens the program to encompass...
Inflation dynamics.
September 22, 1992... Policy toward inflation is a continual struggle. The Federal Reserve can reduce inflation by slowing money growth, but at a large cost: when inflation falls, as in the early 1980s, output falls as well. Recently, fears of a deeper recession have...
Product variety, trade, and growth.
September 22, 1992... Since the early 1980s, theoretical work in international trade has incorporated models of monopolistic competition.(1) Much of my own research has used these models to estimate the effects of trade barriers and economic growth on trade patterns....