Tag Archives: Insurance

Liquidity Trap and Excessive Leverage

From Anton Korinek and Alp Simsek: We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Public Insurance and Mortality: Evidence from Medicaid Implementation

From Andrew Goodman-Bacon: This paper provides new evidence that Medicaid’s introduction reduced mortality rates among nonwhite infants and children in the 1960s and 1970s. Medicaid required states to cover all cash welfare recipients, which induced substantial cross-state variation in the share … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment