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Trade Fragmentation

Joint with Justin Pierce

Coverage: centralbanking.com

This FEDS Note finds evidence of "fragmentation" in US-China trade; less so for other countries. Advanced technology products and tariffs each play a role.

Head Start

I take advantage of the many quasi-experimental studies of Head Start's effectiveness to estimate the marginal value of public funds (MVPF), which measures the "bang for the buck" of a government program.