The Benjamin H. Griswold III, Class of 1933, Center for Economic Policy Studies funds economic policy-related research projects within Princeton’s Department of Economics. Examples of projects that have been completed recently or are currently underway include:

• Alan Blinder published six articles in 2010 on topics such as financial regulation, the role of central banking, quantitative easing, and the effectiveness of government stimulus programs. He is currently writing a book on the financial crisis and the Great Recession.
• Jan De Loecker finished his paper measuring the effect of competition and trade policies on market power, "Markups and Firm-Level Export Status," forthcoming in the American Economic Review.
• Taryn Dinkelman has been researching the impact of minimum wage laws in the informal sector of domestic workers in South Africa.
• Myrto Kalouptsidi is studying the nature of economic fluctuations in the oceanic bulk-shipping industry; specifically, how shipbuilding subsidies, common in East Asia, alter the construction time of ships and therefore impact the level of investment and shipping prices.
• Nobuhiro Kiyotaki continues financial policy research with NYU's Mark Gertler. Their work, "Financial Intermediation and Credit Policy in Business Cycle Analysis," was published in the 2010 Handbook of Monetary Economics. They also have a paper, "Financial Crises, Bank Risk Exposure and Government Financial Policy," forthcoming in the Journal of Monetary Economics.
• David Lee has been researching ways to assess the impact of unemployment insurance benefits on the duration of unemployment.
• Alexandre Mas and David Lee recently finished a project evaluating the impact of new private sector unionization on firms' economic performance, as measured through stock market valuations.
• Benjamin Moll is currently researching the effects of tax policies and forms of social organization in an economy where growth is based on individuals exchanging knowledge. With UCLA's Francisco Buera, he is studying how current practices used to understand the role of financial frictions in business cycles can be misleading because a worsening in financial intermediation degrades the allocation of investment.
• Harvey Rosen has been working with Philipp Bewerunge to estimate differentials in public-private sector wage and pension compensation. He is also working with Texas A&M's Jonathan Meer to study the impact of undergraduate financial aid upon alumni giving.
• Andrew Shephard has been researching the impact of tax policies on low income wage earners by evaluating recent U.K. earned income tax credit policies. He is also studying the optimal design of the tax and transfer system. At the same time, he is working on a project regarding how charitable giving behavior is changed when donation matching programs are offered.
• Hyun Song Shin's current research focuses on financial institutions, disclosures, and risk. He also is advising the IMF and the G20 on developing policy initiatives for measuring and assessing the impact of global liquidity.
• Christopher Sims continues his work on monetary and fiscal policy interactions. He has presented work on this subject in conferences at several central banks and at the Bank for International Settlements. He is a co-principal investigator on a multi-university NSF grant for information sciences. Information theory may offer an explanation for slow, sticky, or incomplete responses to market signals and policy actions that turn up in many empirical models, and are at the heart of theoretical models of how monetary policy works.