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Journal Article
Exploring the Economic Effects of the Opioid Epidemic
Hundreds of thousands of Americans have died from opioid overdoses in recent years. What has this epidemic done to the economy? And why is the crisis so much worse right here in the Third District?
Working Paper
Not in My Backyard? Not So Fast. The Effect of Marijuana Legalization on Neighborhood Crime
This paper studies the effects of marijuana legalization on neighborhood crime using unique geospatial data from Denver, Colorado. We construct a highly local panel data set that includes changes in the location of marijuana dispensaries and changes in neighborhood crime. To account for endogenous retail dispensary locations, we use a novel identification strategy that exploits exogenous changes in demand across different locations. The change in geographic demand arises from the increased importance of access to external markets caused by a change in state and local policy. The results imply ...