This paper draws on evidence from the 2026 Iran War to assess the validity of estimates of the short-run price elasticity of oil supply reported in the literature.

This paper measures the distributional incidence of U.S. motor-fuel tax holidays using transaction records from ∼13,200 gasoline stations linked to neighborhood income.

Utilities increasingly sell electricity using complex menus of time-constant and time-varying price schedules. This paper studies how to design such a menu to maximize social welfare in a second-best environment where the marginal private and external costs of generating electricity vary over time, institutional constraints prevent mandating time-varying pricing and consumer behavior is distorted by frictions.

This paper proposes a semiparametric local projection estimator of nonlinear impulse response functions for a broad class of structural dynamic models relevant for applied macroeconomics, including models with nonlinearly transformed regressors, state dependent coefficients and nonlinear interactions between shocks and state variables.

The 2026 Iran war has raised the question of how exposed the U.S. economy is to geopolitical oil supply disruptions. This paper develops a two-country model of the global economy with large geopolitical oil supply disruptions that distinguishes between the U.S. economy and the rest of the world.

This paper tests managed charging with an experiment including all electric vehicles within a California utility.