This paper develops and implements a system of disaggregated economic accounts that breaks down national accounting positions into bilateral flows between small groups of consumers, producers, the …
PublishedQuarterly Journal of EconomicsOnline 19 Feb 2026Published Apr 2026
The paper shows that the macroeconomic impact of climate change is an order of magnitude larger than what standard country-level panel estimates suggest. The key identification innovation is to …
Online FirstQuarterly Journal of EconomicsOnline 4 Sep 2026
Wealth data for the nineteenth-century United States barely exist, and this paper builds them from an unusual source: the paper trail of the General Property Tax, a levy that — unlike land taxes …