NBER Reporter

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Articles from Vol. 2015, No. 3, Fall

Corporate Liquidity Management
The global financial crisis drew fresh attention to the way firms manage liquidity, as credit markets dried up and internal savings became key to corporate survival. Liquidity management is an old topic; it has been discussed at least since John...
Determinants of Creativity and Innovation-Evidence from Economic History
Innovation and creativity are the primary source of improvements in human welfare. Yet, due to two major empirical challenges, it is difficult to determine the factors that encourage creativity and innovation. First, modern settings often lack clean...
How Tight Is the Labor Market?
It is a great honor for me to give the Martin Feldstein Lecture. I first met Marty when I was a research assistant at the NBER in the summer of 1984, shortly after he returned from serving as chairman of the Council of Economic Advisers (CEA). Later...
Japan Project Meeting
The NBER in collaboration with the Center for Advanced Research in Finance, the Center on Japanese Economy and Business, and the Australia-Japan Research Centre held a meeting on the Japanese economy in Tokyo, Japan on July 30-31. Shiro Armstrong,...
Student Borrowing: Debt, Default, and Repayment
Three significant economic trends in the United States and other developed countries have altered the landscape of higher education substantially in recent decades, with important implications for student borrowing and repayment behavior, Alex Monge-Naranjo...
The Effects of Austerity: Recent Research
What are the costs in terms of output losses of so-called "austerity" policies designed to reduce large government deficits and mounting public debt? The debate on this issue is raging, especially after the latest round of austerity in Europe. The...
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