WP 26-19 – This paper argues that mismeasured price indexes account for much of the apparent weakness in U.S. manufacturing productivity. Adjusting for quality improvements raises annual productivity growth estimates by up to 0.8 percentage point.

WP 26-14 – Averaging economists’ predictions boosts accuracy, and our theory shows how quickly those improvements accumulate.

WP 26-06 – We investigate how households of different racial groups changed their consumption expenditures differently upon receiving a pandemic check and what is behind the racial differences.