We build a model that combines (i) heterogeneous households with incomplete markets, and (ii) state-dependent pricing with strategic complementarities by firms, to analyze the effects of large ...

"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." — George Orwell. Imagine watching someone on TV, perhaps a public ...

Foreign governments that want to increase their clout in the U.S. should take a lesson from the data behind the "Freddy ...

Impact wrenches tighten or loosen fasteners more effectively than you typically can by hand, doing so using a hammer and an anvil mechanism. If those fasteners, such as nuts and bolts, don't match the ...

Most people expect medicine to work because of what’s behind a pill or recommended treatment plan, but sometimes people feel better even when a remedy contains no active ingredient at all. A sugar ...