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The Option Value of Municipal Liquidity

By Andrew Haughwout, Benjamin Hyman, and Or Shachar

òòò½Íø Journal: Economic Policy

States and localities are relied upon to implement macroeconomic stabilization policies and ensure service delivery in times of crisis. In April 2020, the introduction of the Municipal Liquidity Facility (MLF) added an emergency lending instrument to th...

Can You Erase the Mark of a Criminal Record? Labor Market Impacts of Criminal Record Remediation

By Amanda Agan, Andrew Garin, Dmitri Koustas, Alexandre Mas, and Crystal S. Yang

òòò½Íø Journal: Economic Policy

We investigate whether removing a previously-obtained criminal record improves employment outcomes. We estimate the causal impact of criminal record remediation laws that have been widely enacted with the goal of improving employment opportunities for ...