• Gabriel Chodorow-Reich


August 25, 2020, Video: "In November 2016, India’s prime minister announced that all bills over 500 rupees were demonetized in an attempt to fight corruption. As a result, 86% of India’s currency disappeared overnight! Harvard’s Gabriel Chodorow-Reich and his coauthors took advantage of this sudden natural experiment to examine the role of money in modern economies. Different districts of India took different approaches to demonetization—some replaced the currency quickly while others took longer. But studying the various effects was difficult because of a lack of reliable data." Watch via Marginal Revolution University on Youtube

Non-HKS Author Website - Gabriel Chodorow-Reich