Working Paper Series

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2025: Global economic impacts of antimicrobial resistance

Roshen Fernando and Warwick McKibbin

2025: Stopping the flow: The effects of US-China cooperation on fentanyl markets and overdose deaths

Marcus Noland, Julieta Contreras and Lucas Rengifo-Keller

2025: Convergence? Thoughts about the evolution of mainstream macroeconomics over the last 40 years

Olivier Blanchard

2025: How export restrictions threaten economic security

Chad Bown

2025: Lessons for the European Central Bank from the 2021-23 inflationary episode

Pablo Hernández de Cos

2025: The role of long histories of "lived experience" in the COVID-era inflationary surge

Joseph Gagnon and Steven Kamin

2025: Fiscal policy as a stabilization tool

Olivier Blanchard

2025: US wage patterns during and after the pandemic: Insights from a novel data source

Jeff Nezaj, Nela Richardson and Liv Wang

2025: Managing an aging society: Learning the right lessons from Japan

Jacob Kirkegaard

2025: Modernizing price measurement and evaluating recent critiques of the consumer price index

Daniel Sichel and Christopher Mackie

2025: Dismantling the license raj: The long road to India’s 1991 trade reforms

Douglas Irwin

2025: Why did inflation rise and fall so rapidly? Lessons from the Korean War

Joseph Gagnon and Asher Rose

2024: Labor market tightness and inflation before and after the COVID-19 pandemic

Justin Bloesch

2024: Fiscal policy and the pandemic-era surge in US inflation: Lessons for the future

Karen Dynan and Douglas Elmendorf

2024: The trinity of COVID era inflation in G7 economies

Joseph Gagnon and Asher Rose

2024: The international economic implications of a second Trump presidency

Warwick McKibbin, Megan Hogan and Marcus Noland

2024: Korea's trade policy agenda in an uncertain US trade environment

Alan Wolff and Han-koo Yeo

2024: Migration or stagnation: Aging and economic growth in Korea today, the world tomorrow

Michael Clemens

2024: Understanding Korea's long-run real exchange rate behavior

Douglas Irwin and Maurice Obstfeld

2024: Populist opposition is threatening progress on climate change

Edoardo Campanella and Robert Lawrence

2024: Europe's banking union at ten: Unfinished yet transformative

Nicolas Veron

2024: The El Nino Southern Oscillation and Geopolitical Risk

Cullen S. Hendrix

2024: US monetary policy and the recent surge in inflation

David Reifschneider

2024: Tackling the UK's regional economic inequality: Binding constraints and avenues for policy intervention

Anna Stansbury, Dan Turner and Ed Balls

2024: An analysis of pandemic-era inflation in 11 economies

Ben Bernanke and Olivier Blanchard

2024: Economic multilateralism 80 years after Bretton Woods

Maurice Obstfeld

2024: The macroeconomics of climate change: Starting points, tentative results, and a way forward

John Hassler, Per Krusell and Conny Olovsson

2024: Energy transition: The race between technology and political backlash

Pierre-Olivier Gourinchas, Gregor Schwerhoff and Antonio Spilimbergo

2024: The effect of lawful crossing on unlawful crossing at the US southwest border

Michael Clemens

2024: Lessons from China's fiscal policy during the COVID-19 pandemic

Tianlei Huang

2024: Macroeconomic implications of a transition to net zero emissions

Stephane Hallegatte, Florent McIsaac, Hasan Dudu, Charl Jooste, Camilla Knudsen and Hans Beck

2024: Powering the clean energy innovation system

Reinhilde Veugelers

2024: Semiconductors and modern industrial policy

Chad Bown and Dan Wang

2024: Trade policy, industrial policy, and the economic security of the European Union

Chad Bown

2024: Climate action: Implications for factor market reallocation

Robert Lawrence

2023: Modern industrial policy and the WTO

Chad Bown

2023: Green innovation and the transition toward a clean economy

Daron Acemoglu, Philippe Aghion, Lint Barrage and David Hémous

2023: How does decarbonization change the fiscal equation?

Ruud de Mooij and Vítor Gaspar

2023: Sequencing decarbonization policies to manage their macroeconomic impacts

Steven Fries

2023: Trade hyperglobalization is dead. Long live...?

Arvind Subramanian, Martin Kessler and Emanuele Properzi

2023: The Rapid Response Labor Mechanism of the US-Mexico-Canada Agreement

Chad Bown and Kathleen Claussen

2023: How trade cooperation by the United States, the European Union, and China can fight climate change

Chad Bown and Kimberly Clausing

2023: Central banks and policy communication: How emerging markets have outperformed the Fed and ECB

Tatiana Evdokimova, Piroska Mohacsi, Olga Ponomarenko and Elina Ribakova

2023: Rare macroeconomic disasters and lost decades in Latin America: The COVID-19 experience in a historical context

Jose F. Ursua and Alejandro Werner

2023: How the United States solved South Korea's problems with electric vehicle subsidies under the Inflation Reduction Act

Chad Bown

2023: Why China's housing policies have failed

Tianlei Huang

2023: What caused the US pandemic-era inflation?

Ben Bernanke and Olivier Blanchard

2023: Carbon border adjustments, climate clubs, and subsidy races when climate policies vary

Kimberly Clausing and Catherine Wolfram

2023: Saving the WTO from the national security exception

Warren Maruyama and Alan Wm. Wolff

2023: Industrial policy for electric vehicle supply chains and the US-EU fight over the Inflation Reduction Act

Chad Bown