NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Microeconomics: General Equilibrium and Disequilibrium


2014
w20424 Chunding Li
John Whalley

How Close is Asia to Already Being A Trade Bloc?

w20275 Weerachart T. Kilenthong
Robert M. Townsend

A Market Based Solution to Price Externalities: A Generalized Framework

w20147 Thomas F. Hellmann
Veikko Thiele

Friends or Foes: The Interrelationship between Angel and Venture Capital Markets

w20110 George M. Constantinides
Anisha Ghosh

Asset Pricing with Countercyclical Household Consumption Risk

w20086 Robert Townsend
Weerachart Kilenthong

Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities

w20025 Vasco M. Carvalho
Nico Voigtländer

Input Diffusion and the Evolution of Production Networks

w19931 Péter Kondor
Dimitri Vayanos

Liquidity Risk and the Dynamics of Arbitrage Capital

w19875 Pablo Kurlat
Johannes Stroebel

Testing for Information Asymmetries in Real Estate Markets

w19822 Casey Rothschild
Florian Scheuer

A Theory of Income Taxation under Multidimensional Skill Heterogeneity

w19820 Seth Freedman
Ginger Zhe Jin

The Signaling Value of Online Social Networks: Lessons from Peer-to-Peer Lending


2013
w19711 Aloísio Araújo
Susan Schommer
Michael Woodford

Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints

w19387 Jacob Fishman
V. Kerry Smith

A Direct Test of the “Explanation” for Incomplete Stratification in Vertical Sorting Models

w19313 Emmanuel Farhi
Iván Werning

A Theory of Macroprudential Policies in the Presence of Nominal Rigidities

w19298 Dennis Epple
Richard Romano
Sinan Sarpça
Holger Sieg

The U.S. Market for Higher Education: A General Equilibrium Analysis of State and Private Colleges and Public Funding Policies

w19235 Florian Scheuer
Entrepreneurial Taxation with Endogenous Entry

w19111 Jesper Bagger
Javier A. Birchenall
Hani Mansour
Sergio Urzúa

Education, Birth Order, and Family Size

w19072 Enrique G. Mendoza
Katherine A. Smith

Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets

w18981 Umut M. Dur
Scott Duke Kominers
Parag A. Pathak
Tayfun Sönmez

The Demise of Walk Zones in Boston: Priorities vs. Precedence in School Choice

w18766 Jaromir Nosal
Guillermo Ordoñez

Uncertainty as Commitment


2012
w18360 Guillermo Ordoñez
The Asymmetric Effects of Financial Frictions

w18251 Dimitri Vayanos
Jiang Wang

Market Liquidity — Theory and Empirical Evidence

w18228 Casey Rothschild
Florian Scheuer

Redistributive Taxation in the Roy Model

w18163 Pol Antràs
Davin Chor

Organizing the Global Value Chain

w18082 Christopher L. Foote
Kristopher S. Gerardi
Paul S. Willen

Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis


2011
w17714 Tom Krebs
Moritz Kuhn
Mark L. J. Wright

Human Capital Risk, Contract Enforcement, and the Macroeconomy

w17506 Alp Simsek
Speculation and Risk Sharing with New Financial Assets

w17296 Darrell Duffie
Bruno Strulovici

Capital Mobility and Asset Pricing

w17295 Darrell Duffie
Semyon Malamud
Gustavo Manso

Information Percolation in Segmented Markets

w17285 Xiaoji Lin
Lu Zhang

Covariances versus Characteristics in General Equilibrium

w17199 Ngoc-Khanh Tran
Richard J. Zeckhauser

The Behavior of Savings and Asset Prices When Preferences and Beliefs are Heterogeneous

w17144 Efraim Benmelech
Nittai K. Bergman
Amit Seru

Financing Labor

w17084 Jordi Galí
Frank Smets
Rafael Wouters

Unemployment in an Estimated New Keynesian Model

w17060 George-Marios Angeletos
Jennifer La'O

Decentralization, Communication, and the Origins of Fluctuations

w17035 Casey Rothschild
Florian Scheuer

Optimal Taxation with Rent-Seeking

w17000 Viral V. Acharya
Alberto Bisin

Counterparty Risk Externality: Centralized Versus Over-the-counter Markets

w16924 Andrew Glover
Jonathan Heathcote
Dirk Krueger
José-Víctor Ríos-Rull

Intergenerational Redistribution in the Great Recession

w16855 Seth M. Freedman
Ginger Zhe Jin

Learning by Doing with Asymmetric Information: Evidence from Prosper.com

w16696 Pierre-André Chiappori
Krislert Samphantharak
Sam Schulhofer-Wohl
Robert M. Townsend

Heterogeneity and Risk Sharing in Village Economies


2010
w16586 Christopher J. Mayer
Tomasz Piskorski
Alexei Tchistyi

The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers

w16516 Daron Acemoglu
Asuman Ozdaglar
Alireza Tahbaz-Salehi

Cascades in Networks and Aggregate Volatility

w16327 Fatih Guvenen
Anthony Smith

Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach

w16302 George M. Constantinides
Michal Czerwonko
Jens Carsten Jackwerth
Stylianos Perrakis

Are Options on Index Futures Profitable for Risk Averse Investors? Empirical Evidence

w16279 C. Kirabo Jackson
Henry S. Schneider

Do Social Connections Reduce Moral Hazard? Evidence from the New York City Taxi Industry

w16219 Ian Martin
The Valuation of Long-Dated Assets

w16145 Christopher L. House
Yusufcan Masatlioglu

Managing Markets for Toxic Assets

w16085 Bruce Ian Carlin
Shaun William Davies
Andrew Miles Iannaccone

Competing for Attention in Financial Markets

w15944 Daron Acemoglu
Theory, General Equilibrium and Political Economy in Development Economics

w15899 Christoph Böhringer
Andreas Lange
Thomas F. Rutherford

Optimal Emission Pricing in the Presence of International Spillovers: Decomposing Leakage and Terms-of-Trade Motives

w15844 Jared C. Carbone
V. Kerry Smith

Valuing ecosystem services in general equilibrium

w15837 Viral V. Acharya
S. Viswanathan

Leverage, Moral Hazard and Liquidity

w15695 Brennan C. Platt
Joseph Price
Henry Tappen

Pay-to-Bid Auctions

w15659 Ulrike Malmendier
Geoffrey Tate
Jonathan Yan

Overconfidence and Early-life Experiences: The Impact of Managerial Traits on Corporate Financial Policies


2009
w15582 Dirk Krueger
Fabrizio Perri

Public versus Private Risk Sharing

w15409 Hernán D. Rozenfeld
Diego Rybski
Xavier Gabaix
Hernán A. Makse

The Area and Population of Cities: New Insights from a Different Perspective on Cities

w15293 Lawrence H. Goulder
Marc A. C. Hafstead
Michael S. Dworsky

Impacts of Alternative Emissions Allowance Allocation Methods under a Federal Cap-and-Trade Program

w15282 Per Krusell
Toshihiko Mukoyama
Aysegul Sahin

Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations

w15242 Rajkamal Iyer
Asim Ijaz Khwaja
Erzo F.P. Luttmer
Kelly Shue

Screening Peers Softly: Inferring the Quality of Small Borrowers

w15226 James J. Heckman
Rosa L. Matzkin
Lars Nesheim

Nonparametric Identification and Estimation of Nonadditive Hedonic Models

w15189 Leonid Kogan
Stephen Ross
Jiang Wang
Mark M. Westerfield

Market Selection

w15158 Nuno Cassola
Ali Hortacsu
Jakub Kastl

The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds

w14898 Veronica Guerrieri
Péter Kondor

Fund Managers, Career Concerns, and Asset Price Volatility

w14764 Roland Bénabou
Groupthink: Collective Delusions in Organizations and Markets

w14761 Vasiliki Skreta
Laura Veldkamp

Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation


2008
w14629 Bernard Dumas
Andrew Lyasoff

Incomplete-Market Equilibria Solved Recursively on an Event Tree

w14523 Dimitri Vayanos
Paul Woolley

An Institutional Theory of Momentum and Reversal

w14444 Enrique G. Mendoza
Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q

w14222 Julio J. Rotemberg
Liquidity Needs in Economies with Interconnected Financial Obligations

w14046 James E. Anderson
Consistent Trade Policy Aggregation


2007
w13707 Matthias Doepke
Moshe Hazan
Yishay Maoz

The Baby Boom and World War II: A Macroeconomic Analysis

w13650 Dirk Krueger
Hanno Lustig
Fabrizio Perri

Evaluating Asset Pricing Models with Limited Commitment using Household Consumption Data

w13616 Arik Levinson
Technology, International Trade, and Pollution from U.S. Manufacturing

w13570 Ulrike Malmendier
Geoffrey Tate
Jonathan Yan

Corporate Financial Policies With Overconfident Managers

w13401 Bernard Dumas
Alexander Kurshev
Raman Uppal

Equilibrium Portfolio Strategies in the Presence of Sentiment Risk and Excess Volatility

w13260 Bruce Preston
Mauro Roca

Incomplete Markets, Heterogeneity and Macroeconomic Dynamics

w13220 John Donaldson
Rajnish Mehra

Risk Based Explanations of the Equity Premium

w13123 Ceyhun Bora Durdu
Enrique G. Mendoza
Marco E. Terrones

Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism

w13053 William A. Pizer
David Popp

Endogenizing Technological Change: Matching Empirical Evidence to Modeling Needs

w12986 Joao F. Gomes
Leonid Kogan
Motohiro Yogo

Durability of Output and Expected Stock Returns


2006
w12797 Laurent E. Calvet
Adlai J. Fisher

Multifrequency Jump-Diffusions: An Equilibrium Approach

w12656 Timothy J. Kehoe
David K. Levine

Bankruptcy and Collateral in Debt Constrained Markets

w12614 Christian Hellwig
Guido Lorenzoni

Bubbles and Self-Enforcing Debt

w12564 Enrique G. Mendoza
Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q

w12550 Marco Cagetti
Mariacristina De Nardi

Wealth Inequality: Data and Models

w12486 Laarni Bulan
Christopher J. Mayer
C. Tsuriel Somerville

Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development

w12477 Guido Lorenzoni
A Theory of Demand Shocks

w12433 Rajnish Mehra
Recursive Competitive Equilibrium

w12319 Matthias Doepke
Martin Schneider

Inflation as a Redistribution Shock: Effects on Aggregates and Welfare

w12030 Laurent E. Calvet
John Y. Campbell
Paolo Sodini

Down or Out: Assessing the Welfare Costs of Household Investment Mistakes

w11966 Enrique G. Mendoza
Lessons From the Debt-Deflation Theory of Sudden Stops


2005
w11864 Jaime Casassus
Pierre Collin-Dufresne
Bryan R. Routledge

Equilibrium Commodity Prices with Irreversible Investment and Non-Linear Technology

w11701 Martin D. D. Evans
Viktoria Hnatkovska

International Capital Flows, Returns and World Financial Integration

t0318 Martin D. D. Evans
Viktoria Hnatkovska

Solving General Equilibrium Models with Incomplete Markets and Many Assets

w11255 Tom Krebs
Pravin Krishna
William Maloney

Trade Policy, Income Risk, and Welfare

w11180 George-Marios Angeletos
UNINSURED IDIOSYNCRATIC INVESTMENT RISK

w11178 Ceyhun Bora Durdu
Enrique G. Mendoza

Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff


2004
w11016 George-Marios Angeletos
Laurent-Emmanuel Calvet

Incomplete Market Dynamics in a Neoclassical Production Economy

w10940 Enrique G. Mendoza
Katherine A. Smith

Quantitative Implication of A Debt-Deflation Theory of Sudden Stops and Asset Prices

w10899 Kala Krishna
Cesar A. Perez

Unbalanced Growth

w10790 Enrique G. Mendoza
Ceyhun Bora Durdu

Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees

w10252 Donald R. Davis
David E. Weinstein

A Search for Multiple Equilibria in Urban Industrial Structure


2003
w9840 Laurent Calvet
Martin Gonzalez-Eiras
Paolo Sodini

Financial Innovation, Market Participation and Asset Prices

w9764 George-Marios Angeletos
Laurent Calvet

Idiosyncratic Production Risk, Growth, and the Business Cycle

w9485 Edgar Cudmore
John Whalley

Border Delays and Trade Liberalization


2002
w9349 Wouter J. DenHaan
Temporary Shocks and Unavoidable Transistions to a High-Unemployment Regime

w9184 Lisandro Abrego
John Whalley

Decomposing Wage Inequality Change Using General Equilibrium Models

w9077 Patrick J. Kehoe
Fabrizio Perri

Competitive Equilibria With Limited Enforcement

w8883 John Rust
George Hall

Middlemen versus Market Makers: A Theory of Competitive Exchange


2001
w8135 Kenneth L. Judd
Sy-Ming Guu

Asymptotic Methods for Asset Market Equilibrium Analysis


2000
w7674 Lisandro Abrego
John Whalley

Demand Side Considerations and the Trade and Wages Debate

w7654 A. Lans Bovenberg
Lawrence H. Goulder

Neutralizing the Adverse Industry Impacts of CO2 Abatement Policies: What Does it Cost?


1999
w6499 Herschel I. Grossman
Producers and Predators

w6953 Fernando Alvarez
Urban J. Jermann

Quantitative Asset Pricing Implications of Endogenous Solvency Constraints

w6901 Gene M. Grossman
Imperfect Labor Contracts and International Trade


1998
w6787 Donald R. Davis
David E. Weinstein

Market Access, Economic Geography, and Comparative Advantage: An Empirical Assessment

w6741 Gene M. Grossman
Giovanni Maggi

Diversity and Trade

w6712 Keshab Bhattarai
John Whalley

The Division and Size of Gains from Liberalization of Service Networks

w6693 A. Lans Bovenberg
Johan J. Graafland
Ruud A. de Mooij

Tax Reform and the Dutch Labor Market: An Applied General Equilibrium Approach

w6588 Raquel Fernandez
Education and Borrowing Constraints: Tests vs. Prices

w6476 Fernando Alvarez
Urban J. Jermann

Asset Pricing when Risk Sharing is Limited by Default


1997
w5950 Patrick K. Asea
Mthuli Ncube

Heterogeneous Information Arrival and Option Pricing

w5930 Raquel Fernandez
Jordi Gali

To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints


1996
w5625 Donald R. Davis
David E. Weinstein
Scott C. Bradford
Kazushige Shimpo

The Heckscher-Ohlin-Vanek Model of Trade: Why Does It Fail? When Does It Work?

w5597 Bennett T. McCallum
Crucial Issues Concerning Central Bank Independence

w5579 Bennett T. McCallum
Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General

w5557 Christina D. Romer
David H. Romer

Institutions for Monetary Stability


1995
t0120 Maurice Obstfeld
Evaluating Risky Consumption Paths: The Role of Intertemporal Substitutability


1994
w4919 Fumio Hayashi
Akihiko Matsui

A Model of Fiat Money and Barter

w4862 Don Fullerton
Diane Lim Rogers

Distributional Effects on a Lifetime Basis


1993
w4581 Don Fullerton
Marios Karayannis

Tax Evasion and the Allocation of Capital

w4318 Stephen A. O'Connell
Stephen P. Zeldes

Dynamic Efficiency in the Gifts Economy


1991
w3750 Don Fullerton
Diane Lim Rogers

Lifetime vs. Annual Perspectives on Tax Incidence


Generated Tue Sep 2 00:00:19 2014

 
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