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In a new National Bureau of Economic Research working paper, researchers surveyed nearly 900 Italian residents to explore what happens when expectations are shattered about how long social distancing measures, like self-isolation, would last. Participants were less willing to do more self-isolating when told that social distancing time frames would run much longer or shorter than they anticipated.

There’s a big problem in the multi-trillion-dollar bond market, according to a recent National Bureau of Economic Research working paper: A substantial portion of bond funds might be riskier bets than they seem.