• The French Gold Sink and the Great Deflation of 1929–32
    Analyzing how the French failure to monetize gold inflows in the late 1920s and early 1930s contributed to the overall reduction in world gold reserves and impacted the world price level.
  • An Empirical Analysis of the Fed’s Term Auction Facility
    The effectiveness of the Term‐​Auction Facility program, one of the main tools used by the Federal Reserve during the financial crisis.
  • Executive Compensation and Corporate Governance in the United States: Perceptions, Facts, and Challenges
    Evidence to dispute the conventional wisdom that U.S. CEOs, top executives, and corporate governance are being paid more and more, and not being penalized for poor performance.
  • General Equilibrium Effects of Prison on Crime: Evidence from International Comparisons
    The 500% increase in the rate of imprisonment between 1970–2000 and an empirical approach to measuring how deterrence and incapacitation can affect crime reduction.