美, 폴리실리콘 및 파생제품 232조 조치 발표

KITA > 연구보고서

Fortunate Sons: Elite Political Selection in American History -- by James J. Feigenbaum, Andrew B. Hall, Daniel M. Thompson, Jesse Yoder

We trace the family origins of Members of Congress (MC) born between 1830 and 1950, linking each MC, their parents, and their brothers to the complete-count censuses. Future MCs have always been economic outliers. By 1940, close to 60 percent of MCs aged 18--40 held a college degree, against under 5 percent of comparable young men outside Congress. In the 19th-century censuses, MCs as adults held roughly three times the wealth of demographically matched controls. They also come from economically elite families: their fathers earn more, attain more education, and hold more wealth. The brothers of future MCs sit between the population and the MCs themselves. Across the socioeconomic measures w..

NBER > Working Papers

Robust Signal Maximization in Spillover Experiments -- by Kirill Borusyak, Peter Hull, Evan M. Munro

We study the optimal design and analysis of experiments for estimating spillover effects. Assuming a known (e.g., linear) exposure mapping, we characterize the treatment-assignment distribution and regression-based estimator that minimize worst-case asymptotic variance against a broad class of distributions of unobservables. The design problem yields an intuitive solution in which the planner trades off spillover signal strength against diffusion of spillover variation. The analysis problem yields a simple recentered instrumental variable estimator to best leverage this variation. This framework produces natural solutions in several benchmark cases -- such as clustered exposure-- and suggest..

NBER > Working Papers