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AN NBER PUBLICATION ISSUE: No. 1, March 2016

The Reporter

A free quarterly publication featuring program updates, several summaries of affiliates' research, and news about the NBER
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Author(s): Robert C. Feenstra
The International Trade and Investment (ITI) Program holds three regular meetings annually, in winter, spring, and at the NBER Summer Institute. The ITI Program has about 60 research associates and 20 faculty research fellows with primary affiliation to the group, and another 20 individuals with secondary affiliation. Research within the group covers a wide range of topics, such as explaining patterns of international trade as well as foreign direct investment, and...

Research Summaries

SimonSummary
Article
Author(s): Kosali Simon
My recent research has focused on measuring the ways that the Affordable Care Act (ACA) affects the delivery of health services, labor market outcomes, and population health and well-being. Most of my work relies on quasi-experimental research designs that exploit differences in the ways states have implemented parts of the ACA, or ways that the law affects different sub-populations. The ACA is a massive law that overhauls many parts of the U.S. health economy. The...
Gourinchas
Article
Anyone looking at recent financial headlines could be forgiven for thinking that the international monetary system is under heavy strains. The People's Bank of China faces severe private capital outflows, a result of the yuan's appreciation in tandem with the U.S. dollar and the slowing of the Chinese economy. The Bank of Japan is battling persistent deflation by trying to depreciate the yen. The European Central Bank has clearly telegraphed that it would welcome further...
Article
Author(s): Joshua Gans & Fiona Murray
Team performance in many settings has long challenged economic thinking. Even when monetary incentives are present, it is hard to structure those incentives to overcome moral hazard and other issues of free riding, especially when team tasks interact with one another. This is especially true for scientific teams, where the challenges are multiplied: The rewards tend to be non-monetary and thus principals—to the extent they even exist—face additional complexity in structuring...
Article
The starting point of a large body of recent research on economic growth is the notion that differences in aggregate total factor productivity (TFP) may not be driven solely by technology but rather in part by allocative efficiency. The key building block of this literature is the idea that firms differ, and we do not necessarily want all the resources to be allocated to one firm. For example, suppose that there are a number of firms in a country and the output Yi of each...

News

    Article
    CRIW Members Elect Abraham The members of the Conference on Research in Income and Wealth (CRIW) have elected Research Associate Katharine Abraham of the University of Maryland, a former Commissioner of the Bureau of Labor Statistics (1993–2001) and member of the President's Council of Economic Advisers (2011–13), to succeed Charles Hulten as CRIW chair. The CRIW, whose members number more than 300 researchers from colleges and universities, think tanks, and government...

Books

    Article
    Innovation Policy and the Economy, Volume 16 Edited by Josh Lerner and Scott Stern Cloth $60 The papers in the sixteenth annual volume of the National Bureau of Economic Research (NBER) Innovation Policy group offer insights into the changing landscape of innovation by highlighting recent developments in the financing of innovation and entrepreneurship and in the economics of innovation and intellectual property. The first chapter, by Ramana Nanda and Matthew...

Meetings and Conferences, Winter 2016

Meetings

  • Article
    Industrial Organization The NBER's Program on Industrial Organization met in Palo Alto on January 29–30. Research Associates Philip Haile of Yale University and Katja Seim of the University of Pennsylvania organized the meeting. These researchers' papers were presented and discussed: Matthew L. Gentry, Tatiana Komarova, and Pasquale Schiraldi, London School of Economics, "Simultaneous First-Price Auctions with Preferences over Combinations: Identification,...

Conferences

  • Article
    25th NBER-TCER-CEPR Conference The 25th NBER-TCER-CEPR Conference, "International Finance in the Global Markets," took place in Tokyo on December 16–17. This meeting was sponsored jointly by the Centre for Economic Policy Research in London, NBER, the Tokyo Center for Economic Research, the Center for Advanced Research in Finance, and the Center for International Research on the Japanese Economy. Organizers Kosuke Aoki and Shin-ichi Fukuda of Tokyo University, Takeo Hoshi...

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