作者：Bianchi, Francesco; Faccini, Renato; Melosi, Leonardo
作者单位：Johns Hopkins University; National Bureau of Economic Research; Centre for Economic Policy Research - UK; Federal Reserve System - USA; Federal Reserve Bank - Chicago
摘要：We develop a new class of general-equilibrium models with partially unfunded debt to propose a fiscal theory of persistent inflation. In response to business cycle shocks, the monetary authority controls inflation and the fiscal authority stabilizes debt. However, the central bank accommodates unfunded fiscal shocks, causing persistent movements in inflation, output, and real interest rates. In an estimated quantitative model, fiscal inflation accounts for the bulk of inflation dynamics. In th...
作者：Adukia, Anjali; Eble, Alex; Harrison, Emileigh; Runesha, Hakizumwami Birali; Szasz, Teodora
作者单位：University of Chicago; National Bureau of Economic Research; Columbia University
摘要：Books shape how children learn about society and norms, in part through representation of different characters. We use computational tools to characterize representation in children's books widely read in homes, classrooms, and libraries over the past century and describe economic forces that may contribute to these patterns. We introduce new artificial intelligence methods for systematically converting images into data. We apply these tools, alongside text analysis methods, to measure skin co...
