You’re invited to join Nolan McCarty, Susan Dod Brown Professor of Politics and Public Affairs at the Princeton School of ...

Citing their extraordinary contributions to the United States and to the world, President Joseph R. Biden has awarded the ...

May 2020, Paper: "We investigate whether ESG ratings predict future ESG news and the associated market reactions. We find that the consensus rating predicts future news, but its predictive ability ...

August 2021, Book Chapter: "A majority of countries neither freely float their currencies nor firmly peg. But most of the remainder in practice also don’t obey such well-defined intermediate exchange ...

November 19, 2020, Paper: "A more generous consumer bankruptcy system provides greater insurance against financial risks but may also raise the cost of credit. We study this trade-off using the 2005 ...

September 3, 2021, Paper: "I study how people understand, reason, and learn about two major tax policies: income taxation and estate taxation. Using large-scale social economics surveys issued to ...

April 2021, Paper: "This paper measures excess labor supply in equilibrium. We examine hiring shocks—which employ 24% of the labor force in external month-long jobs—in Indian local labor markets. In ...

September 21, 2021, Book Chapter: "This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of the global exchange rate ...

February 20, 2022, Paper: "Court-related fines and fees are widely levied on criminal defendants who are frequently poor and have little capacity to pay. Such financial obligations may produce a ...

April 2021, Paper: "We provide evidence of the stock market wealth effect on consumption by using a local labor market analysis and regional heterogeneity in stock market wealth. An increase in local ...

October 12, 2020, Paper; "The SARS-CoV-2 (severe acute respiratory syndrome coronavirus 2) pandemic is the greatest threat to prosperity and well-being the US has encountered since the Great ...

June 17, 2020, Paper, "We build a publicly available platform that tracks economic activity at a granular level in real time using anonymized data from private companies. We report weekly statistics ...