Very excited to present some new work on the macroeconomic effects of supply chain disruptions at the NBER SI, joint with my brilliant student Ramya Raghavan!

Developing a new newspaper-based measure of climate policy uncertainty and showing it is a salient source of policy risk, lowering output, emissions, and investment while raising prices, from Konstantinos Gavriilidis, Diego Känzig, Ramya Raghavan, and James H. Stock

In January, the EPA announced that it will stop considering lives saved when setting rules on air pollution. This is only one of many notable recent climate policy reversals, creating substantial uncertainty about the future path of climate policy. nytimes.com/2026/01/12/cli…