This paper critically surveys the growing literature on the policy choices of local
governments. First, we identify various reasons for local government policy interactions …

Using new transaction data, I find considerable deviations from consumption smoothing in
response to large, regular, predetermined, and salient payments from the Alaska Permanent …

We study the aggregate effects of supply-chain disruptions in the post-pandemic period in a
heterogeneous-firm, general equilibrium model with input-output linkages and a rich set of …

Unconventional fiscal policy uses announcements of future increases in consumption taxes
to generate inflation expectations and accelerate consumption expenditure. It is budget …

Recent research shows prices are insensitive to local demand conditions because national
chains charge geographically uniform prices. We examine the price response to local cost …

We study the effects on international trade from the annual tariff uncertainty about China's
MFN status renewal in the US prior to joining the WTO. We have four main findings. First, in …

We exploit the unexpected announcement of an immediate, temporary VAT cut in Germany
in the second half of 2020 as a natural experiment to study the spending response to …

Parental child-related spending represents an important pathway to promote children's
human capital development and material well-being. It is also, however, a pathway that …

This paper studies commodity taxation in a model featuring heterogeneous consumers,
imperfect competition, and tax salience. We derive new formulas for the incidence and …

Consumers access foreign goods by purchasing them domestically or shopping abroad. We
present new facts on cross-border shopping by Swiss households showing, for example …