Liberty Street Economics

Natalia Emanuel, Pim Welle, and Valentin Bolotnyy Every state in the country has a law permitting involuntary hospitalization if a person presents a danger to themselves or others as a result of mental illness.

Gizem Kosar and Davide Melcangi Uncertainty is a key component of everyday economic decisions of consumers and, perhaps not surprisingly, it plays a central role in economic models.

Michael J.

Adam Copeland and R.

Stein Berre and Asani Sarkar The term “exorbitant privilege” emerged in the 1960s to describe the advantages derived by the U.S. economy from the dollar’s status as the de facto global reserve currency.

Matthew Higgins and Thomas Klitgaard U.S. trade policy remains in flux.

Richard Audoly and Roshie Xing Over the past few months, New Jersey and Vermont have joined a growing number of U.S. states in requiring employers to include an estimated salary range in their online job listings.