Loukas Karabarbounis and Job Boerma consider how accounting for home production affects measures of inequality.

Anmol Bhandari and Ellen McGrattan develop a way to measure sweat equity in private businesses.

New research from Manuel Amador and his coauthor Mark Aguiar finds that creditor beliefs regarding future borrowing can be self-fulfilling, leading to multiple equilibria with markedly different debt accumulation patterns.

Government spending and monetary policy have consequences not only for the pace of economic growth, but for who shares in prosperity. Recent research by Anmol Bhandari aims to refine the relationship between cause and effect. It’s a problem not only of mathematics, but of revising the way economists think about policy choices.