NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Macroeconomics and Monetary Economics: Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy


2014
w20770 Supreet Kaur
Nominal Wage Rigidity in Village Labor Markets

w20769 Joel M. David
Espen Henriksen
Ina Simonovska

The Risky Capital of Emerging Markets

w20745 Lee M. Lockwood
Incidental Bequests: Bequest Motives and the Choice to Self-Insure Late-Life Risks

w20744 Martin Lettau
Sydney C. Ludvigson
Sai Ma

Capital Share Risk and Shareholder Heterogeneity in U.S. Stock Pricing

w20741 Christiane Baumeister
James D. Hamilton

Sign Restrictions, Structural Vector Autoregressions, and Useful Prior Information

w20730 Fiorella De Fiore
Harald Uhlig

Corporate Debt Structure and the Financial Crisis

w20698 Lisa B. Kahn
Erika McEntarfer

Employment Cyclicality and Firm Quality

w20687 Florin O. Bilbiie
Tommaso Monacelli
Roberto Perotti

Is Government Spending at the Zero Lower Bound Desirable?

w20684 Russell Cooper
Guozhong Zhu

Household Finance over the Life-Cycle: What does Education Contribute?

w20682 Kewei Hou
Chen Xue
Lu Zhang

A Comparison of New Factor Models

w20670 Joseph E. Stiglitz
Unemployment and Innovation

w20663 George Alessandria
Horag Choi
Kim Ruhl

Trade Adjustment Dynamics and the Welfare Gains from Trade

w20652 Robert J. Barro
Andrew Mollerus

Safe Assets

w20637 Charles I. Jones
Jihee Kim

A Schumpeterian Model of Top Income Inequality

w20621 Lorenz Kueng
Mu-Jeung Yang
Bryan Hong

Sources of Firm Life-Cycle Dynamics: Differentiating Size vs. Age Effects

w20617 Makoto Nakajima
José-Víctor Ríos-Rull

Credit, Bankruptcy, and Aggregate Fluctuations

w20610 Patrick Bolton
Neng Wang
Jinqiang Yang

Investment Under Uncertainty and the Value of Real and Financial Flexibility

w20607 Luis Garicano
Esteban Rossi-Hansberg

Knowledge-based Hierarchies: Using Organizations to Understand the Economy

w20606 Loukas Karabarbounis
Brent Neiman

Capital Depreciation and Labor Shares Around the World: Measurement and Implications

w20584 Alan L. Gustman
Thomas L. Steinmeier
Nahid Tabatabai

The Great Recession, Decline and Rebound in Household Wealth for the Near Retirement Population

w20581 John Graham
Mark T. Leary
Michael R. Roberts

How Does Government Borrowing Affect Corporate Financing and Investment?

w20572 Philippe Martin
Thomas Philippon

Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone

w20569 Alp Simsek
Andrei Shleifer
Matthew Rognlie

Investment Hangover and the Great Recession

w20561 Benjamin J. Keys
Tomasz Piskorski
Amit Seru
Vincent Yao

Mortgage Rates, Household Balance Sheets, and the Real Economy

w20560 Fatih Guvenen
Greg Kaplan
Jae Song

The Glass Ceiling and The Paper Floor: Gender Differences among Top Earners, 1981-2012

w20555 Mark Bils
Peter J. Klenow
Benjamin A. Malin

Resurrecting the Role of the Product Market Wedge in Recessions

w20547 John Laitner
Daniel Silverman
Dmitriy Stolyarov

Annuitized Wealth and Post-Retirement Saving

w20546 Alan Gustman
Thomas Steinmeier
Nahid Tabatabai

Distributional Effects of Means Testing Social Security: An Exploratory Analysis

w20527 Horag Choi
Steven Lugauer
Nelson C. Mark

Precautionary Saving of Chinese and U.S. Households

w20517 Joseph E. Stiglitz
Reconstructing Macroeconomic Theory to Manage Economic Policy

w20442 Andrea L. Eisfeldt
Tyler Muir

Aggregate Issuance and Savings Waves

w20496 Jonathan Zinman
Household Debt: Facts, Puzzles, Theories, and Policies

w20479 Steven J. Davis
John Haltiwanger

Labor Market Fluidity and Economic Performance

w20473 Cosmin Ilut
Matthias Kehrig
Martin Schneider

Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News

w20472 John M. Abowd
Francis Kramarz
Sébastien Pérez-Duarte
Ian M. Schmutte

Sorting Between and Within Industries: A Testable Model of Assortative Matching

w20457 Hyeok Jeong
Yong Kim
Iourii Manovskii

The Price of Experience

w20452 Ezra Oberfield
Devesh Raval

Micro Data and Macro Technology

w20437 Lorenz Kueng
Tax News: Identifying Tax Expectations from Municipal Bonds with an Application to Household Consumption

w20435 Jonathan B. Berk
Jules H. van Binsbergen

Assessing Asset Pricing Models Using Revealed Preference

w20427 Lucia Foster
Cheryl Grim
John Haltiwanger

Reallocation in the Great Recession: Cleansing or Not?

w20423 Robert J. Gordon
A New Method of Estimating Potential Real GDP Growth: Implications for the Labor Market and the Debt/GDP Ratio

w20403 Leonardo Bursztyn
Davide Cantoni

A Tear in the Iron Curtain: The Impact of Western Television on Consumption Behavior

w20398 Daniel S. Hamermesh
Daiji Kawaguchi
Jungmin Lee

Does Labor Legislation Benefit Workers? Well-Being after an Hours Reduction

w20377 Jianjun Miao
Pengfei Wang
Tao Zha

Liquidity Premia, Price-Rent Dynamics, and Business Cycles

w20328 YiLi Chien
Harold L. Cole
Hanno Lustig

Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies for the Macroeconomy

w20298 Lorenz Kueng
Evgeny Yakovlev

How Persistent Are Consumption Habits? Micro-Evidence from Russia's Alcohol Market

w20280 Soren T. Anderson
Ryan Kellogg
Stephen W. Salant

Hotelling Under Pressure

w20273 Kory Kroft
Fabian Lange
Matthew J. Notowidigdo
Lawrence F. Katz

Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation

w20248 John Fernald
Productivity and Potential Output Before, During, and After the Great Recession

w20246 Marcin Kacperczyk
Jaromir B. Nosal
Luminita Stevens

Investor Sophistication and Capital Income Inequality

w20210 Frederico Belo
Xiaoji Lin
Fan Yang

External Equity Financing Shocks, Financial Flows, and Asset Prices

w20193 Tarek A. Hassan
Thomas M. Mertens

Information Aggregation in a DSGE Model

w20183 Robert E. Hall
Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis

w20175 David Berger
Joseph Vavra

Consumption Dynamics During Recessions

w20158 Charles Yuji Horioka
Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans

w20157 Jess Benhabib
Alberto Bisin
Shenghao Zhu

The Wealth Distribution in Bewley Models with Investment Risk

w20152 Atif Mian
Amir Sufi

House Price Gains and U.S. Household Spending from 2002 to 2006

w20151 Emin Dinlersoz
Jeremy Greenwood
Henry Hyatt

Who do Unions Target? Unionization over the Life-Cycle of U.S. Businesses

w20122 Christian Broda
Jonathan A. Parker

The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption

w20102 Nicholas Bloom
Renata Lemos
Raffaella Sadun
Daniela Scur
John Van Reenen

The New Empirical Economics of Management

w20087 Christina D. Romer
David H. Romer

Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes, 1952-1991

w20073 Greg Kaplan
Giovanni L. Violante
Justin Weidner

The Wealthy Hand-to-Mouth

w20060 Daron Acemoglu
Localized and Biased Technologies: Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

w20058 Mariacristina De Nardi
Fang Yang

Bequests and Heterogeneity in Retirement Wealth

w20040 Lawrence J. Christiano
Martin S. Eichenbaum
Mathias Trabandt

Understanding the Great Recession

w20038 Simon Gilchrist
Jae W. Sim
Egon Zakrajšek

Uncertainty, Financial Frictions, and Investment Dynamics

w20020 Casey B. Mulligan
The ACA: Some Unpleasant Welfare Arithmetic

w20010 Dolan Antenucci
Michael Cafarella
Margaret Levenstein
Christopher Ré
Matthew D. Shapiro

Using Social Media to Measure Labor Market Flows

w20009 Patrick Bolton
Hui Chen
Neng Wang

Debt, Taxes, and Liquidity

w19997 Francisco J. Buera
Roberto Fattal-Jaef
Yongseok Shin

Anatomy of a Credit Crunch: From Capital to Labor Markets

w19988 Rasmus Lentz
Optimal Employment Contracts with Hidden Search

w19966 Chang-Tai Hsieh
Benjamin A. Olken

The Missing "Missing Middle"

w19936 Casey B. Mulligan
The Economics of Work Schedules under the New Hours and Employment Taxes

w19932 Andri Chassamboulli
Giovanni Peri

The Labor Market Effects of Reducing Undocumented Immigrants

w19930 James M. Poterba
Retirement Security in an Aging Society

w19914 Sebnem Kalemli-Ozcan
Emiliano E. Luttini
Bent Sorensen

Debt Crises and Risk Sharing: The Role of Markets versus Sovereigns

w19902 Alan L. Gustman
Thomas L. Steinmeier

The Role of Health in Retirement

w19899 Jonathan Heathcote
Kjetil Storesletten
Giovanni L. Violante

Optimal Tax Progressivity: An Analytical Framework

w19893 Emi Nakamura
Jón Steinsson
Miao Liu

Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves

w19871 Robert E. Hall
High Discounts and High Unemployment

w19868 Ejaz Ghani
William R. Kerr
Stephen D. O'Connell

Political Reservations and Women's Entrepreneurship in India

w19864 Fatih Guvenen
Greg Kaplan
Jae Song

How Risky Are Recessions for Top Earners?

w19854 Xavier Gabaix
Matteo Maggiori

International Liquidity and Exchange Rate Dynamics

w19850 Olivier Coibion
Yuriy Gorodnichenko
Marianna Kudlyak
John Mondragon

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

w19822 Casey Rothschild
Florian Scheuer

A Theory of Income Taxation under Multidimensional Skill Heterogeneity

w19821 Mark Bils
Yongsung Chang
Sun-Bin Kim

How Sticky Wages in Existing Jobs Can Affect Hiring

w19777 Pascal Michaillat
Emmanuel Saez

An Economical Business-Cycle Model


2013
w19768 Filipe R. Campante
David H. Yanagizawa-Drott

Does Religion Affect Economic Growth and Happiness? Evidence from Ramadan

w19767 Martin Gervais
Nir Jaimovich
Henry E. Siu
Yaniv Yedid-Levi

Technological Learning and Labor Market Dynamics

w19749 Eric Sims
Jonathan Wolff

The Output and Welfare Effects of Government Spending Shocks over the Business Cycle

w19728 Jennie Bai
Thomas Philippon
Alexi Savov

Have Financial Markets Become More Informative?

w19724 Alan L. Gustman
Thomas L. Steinmeier
Nahid Tabatabai

The Social Security Windfall Elimination and Government Pension Offset Provisions for Public Employees in the Health and Retirement Study

w19715 Russell W. Cooper
Immo Schott

Capital Reallocation and Aggregate Productivity

w19714 Nicholas Bloom
Fluctuations in Uncertainty

w19688 Charles Y. Horioka
Akiko Terada-Hagiwara

Corporate Cash Holding in Asia

w19678 Gabriel Chodorow-Reich
Loukas Karabarbounis

The Cyclicality of the Opportunity Cost of Employment

w19662 David Dollar
Benjamin F. Jones

China: An Institutional View of an Unusual Macroeconomy

w19650 Alessandro Beber
Michael W. Brandt
Maurizio Luisi

Distilling the Macroeconomic News Flow

w19640 Shigeru Fujita
Giuseppe Moscarini

Recall and Unemployment

w19638 Yuriy Gorodnichenko
Jae Song
Dmitriy Stolyarov

Macroeconomic Determinants of Retirement Timing

w19635 Alejandro Justiniano
Giorgio Primiceri
Andrea Tambalotti

The Effects of the Saving and Banking Glut on the U.S. Economy

w19630 Nancy L. Stokey
Wait-and-See: Investment Options under Policy Uncertainty

w19628 Douglas Gollin
David Lagakos
Michael E. Waugh

The Agricultural Productivity Gap

w19618 Benjamin Moll
Robert M. Townsend
Victor Zhorin

Financial Obstacles and Inter-Regional Flow of Funds

w19600 Olivier Coibion
Yuriy Gorodnichenko
Dmitri Koustas

Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence

w19596 Charles Y. Horioka
Takaaki Nomoto
Akiko Terada-Hagiwara

Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?

w19594 Thomas F. Cooley
Ramon Marimon
Vincenzo Quadrini

Risky Investments with Limited Commitment

w19572 Anton Korinek
Jonathan Kreamer

The Redistributive Effects of Financial Deregulation

w19561 Ángel Estrada
Jordi Galí
David López-Salido

Patterns of Convergence and Divergence in the Euro Area

w19553 Casey B. Mulligan
Uncertainty, Redistribution, and the Labor Market

w19544 Garry Barrett
Peter Levell
Kevin Milligan

A Comparison of Micro and Macro Expenditure Measures Across Countries Using Differing Survey Methods

w19499 Marcus Hagedorn
Fatih Karahan
Iourii Manovskii
Kurt Mitman

Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects

w19478 Michael W. Elsby
Donggyun Shin
Gary Solon

Wage Adjustment in the Great Recession

w19475 Scott R. Baker
Nicholas Bloom

Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments

w19474 Alberto Cavallo
Eduardo Cavallo
Roberto Rigobon

Prices and Supply Disruptions during Natural Disasters

w19456 Kyle Jurado
Sydney C. Ludvigson
Serena Ng

Measuring Uncertainty

w19455 Russell Cooper
Guozhong Zhu

Household Finance: Education, Permanent Income and Portfolio Choice

w19443 Zhen Huo
José-Víctor Ríos-Rull

Paradox of Thrift Recessions

w19442 Lars E.O. Svensson
The Possible Unemployment Cost of Average Inflation below a Credible Target

w19437 Santosh Anagol
Alvin Etang
Dean Karlan

Continued Existence of Cows Disproves Central Tenets of Capitalism?

w19431 Gary Hansen
Selo Imrohoroglu

Fiscal Reform and Government Debt in Japan: A Neoclassical Perspective

w19421 Hui Chen
Michael Michaux
Nikolai Roussanov

Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty

w19416 Ian Dew-Becker
Stefano Giglio

Asset Pricing in the Frequency Domain: Theory and Empirics

w19408 Jonathan N. Millar
Stephen D. Oliner
Daniel E. Sichel

Time-To-Plan Lags for Commercial Construction Projects

w19391 Roger Farmer
The Stock Market Crash Really Did Cause the Great Recession

w19386 Rong Hai
Dirk Krueger
Andrew Postlewaite

On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods

w19382 Zheng Liu
Jianjun Miao
Tao Zha

Land Prices and Unemployment

w19366 Casey B. Mulligan
Is the Affordable Care Act Different from Romneycare? A Labor Economics Perspective

w19365 Casey B. Mulligan
Average Marginal Labor Income Tax Rates under the Affordable Care Act

w19363 Peter Ganong
Jeffrey B. Liebman

The Decline, Rebound, and Further Rise in SNAP Enrollment: Disentangling Business Cycle Fluctuations and Policy Changes

w19354 Bo Zhao
Rational Housing Bubble

w19328 Edward P. Lazear
Kathryn L. Shaw
Christopher Stanton

Making Do With Less: Working Harder During Recessions

w19327 Chong Wang
Neng Wang
Jinqiang Yang

Investment, Tobin's q, and Interest Rates

w19324 Russell Cooper
Guan Gong
Ping Yan

Costly Labor Adjustment: General Equilibrium Effects of China's Employment Regulations

w19319 Chong Wang
Neng Wang
Jinqiang Yang

Optimal Consumption and Savings with Stochastic Income

w19296 Marco Bassetto
Marco Cagetti
Mariacristina De Nardi

Credit Crunches and Credit Allocation in a Model of Entrepreneurship

w19267 Roger E.A. Farmer
The Natural Rate Hypothesis: An idea past its sell-by date

w19265 Lawrence J. Christiano
Martin S. Eichenbaum
Mathias Trabandt

Unemployment and Business Cycles

w19235 Florian Scheuer
Entrepreneurial Taxation with Endogenous Entry

w19217 Gian Luca Clementi
Berardino Palazzo

Entry, Exit, Firm Dynamics, and Aggregate Fluctuations

w19208 Nicolas Petrosky-Nadeau
Lu Zhang

Solving the DMP Model Accurately

w19207 Nicolas Petrosky-Nadeau
Lu Zhang

Unemployment Crises

w19151 Mariacristina De Nardi
Eric French
John Bailey Jones

Medicaid Insurance in Old Age

w19136 Loukas Karabarbounis
Brent Neiman

The Global Decline of the Labor Share

w19128 Tom Vogl
Differential Fertility, Human Capital, and Development

w19117 Nicola Gennaioli
Andrei Shleifer
Robert W. Vishny

Finance and the Preservation of Wealth

w19111 Jesper Bagger
Javier A. Birchenall
Hani Mansour
Sergio Urzúa

Education, Birth Order, and Family Size

w19085 Kfir Eliaz
Rani Spiegler

Reference-Dependence and Labor-Market Fluctuations

w19071 Alan L. Gustman
Thomas L. Steinmeier

Effects of Social Security Policies on Benefit Claiming, Retirement and Saving

w19068 Elena Asparouhova
Peter Bossaerts
Nilanjan Roy
William Zame

'Lucas' In The Laboratory

w19067 Joshua Aizenman
Ilan Noy

Public and Private Saving and the Long Shadow of Macroeconomic Shocks

w19047 Menzie D. Chinn
Laurent Ferrara
Valérie Mignon

Post-recession US Employment through the Lens of a Non-linear Okun's law

w19025 Matteo Cacciatore
Giuseppe Fiori
Fabio Ghironi

Market Deregulation and Optimal Monetary Policy in a Monetary Union

w19024 Manmohan Agarwal
John Whalley

The 1991 Reforms, Indian Economic Growth, and Social Progress

w19015 Loukas Karabarbounis
The Labor Wedge: MRS vs. MPN

w19010 Diego A. Comin
Martí Mestieri Ferrer

If Technology Has Arrived Everywhere, Why has Income Diverged?

w18996 Berthold Herrendorf
Richard Rogerson
Ákos Valentinyi

Growth and Structural Transformation

w18990 Rüdiger Bachmann
Peter Zorn

What Drives Aggregate Investment?

w18989 Rüdiger Bachmann
Steffen Elstner

Firms' Optimism and Pessimism

w18979 Fatih Guvenen
Michelle Rendall

Women's Emancipation Through Education: A Macroeconomic Analysis

w18949 Kerwin Kofi Charles
Erik Hurst
Matthew J. Notowidigdo

Manufacturing Decline, Housing Booms, and Non-Employment

w18941 Alejandro Justiniano
Giorgio E. Primiceri
Andrea Tambalotti

Household Leveraging and Deleveraging

w18911 Qingyuan Du
Shang-Jin Wei

A Theory of the Competitive Saving Motive

w18892 Viral V. Acharya
Heitor Almeida
Filippo Ippolito
Ander Perez

Credit Lines as Monitored Liquidity Insurance: Theory and Evidence

w18883 Marianne Bertrand
Adair Morse

Trickle-Down Consumption

w18868 Manuel Adelino
Antoinette Schoar
Felipe Severino

House Prices, Collateral and Self-Employment

w18860 Yuriy Gorodnichenko
Michael Weber

Are Sticky Prices Costly? Evidence From The Stock Market

w18856 Edgar Vogel
Alexander Ludwig
Axel Börsch-Supan

Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation

w18826 Pascal Michaillat
Emmanuel Saez

Aggregate Demand, Idle Time, and Unemployment

w18796 Alexander J. Field
The Interwar Housing Cycle in the Light of 2001-2011: A Comparative Historical Approach

w18782 Brant Abbott
Giovanni Gallipoli
Costas Meghir
Giovanni L. Violante

Education Policy and Intergenerational Transfers in Equilibrium

w18774 Urban Jermann
A Production-Based Model for the Term Structure

w18762 Jing Wu
Joseph Gyourko
Yongheng Deng

Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?

w18761 Peter A. Diamond
Cyclical Unemployment, Structural Unemployment

w18760 Ellen R. McGrattan
Edward C. Prescott

On Financing Retirement with an Aging Population

w18747 Wojciech Kopczuk
Incentive Effects of Inheritances and Optimal Estate Taxation

w18732 Gary B. Gorton
Guillermo Ordoñez

The Supply and Demand for Safe Assets

w18695 James M. Poterba
Steven F. Venti
David A. Wise

Health, Education, and the Post-Retirement Evolution of Household Assets

w18682 Lawrence Christiano
Roberto Motto
Massimo Rostagno

Risk Shocks

w18671 Leonid Kogan
Dimitris Papanikolaou
Noah Stoffman

Technological Innovation: Winners and Losers

w18669 Annamaria Lusardi
Pierre-Carl Michaud
Olivia S. Mitchell

Optimal Financial Knowledge and Wealth Inequality

w18668 Laurence M. Ball
Daniel Leigh
Prakash Loungani

Okun's Law: Fit at Fifty?


2012
w18661 Marcus Hagedorn
Tzuo Hann Law
Iourii Manovskii

Identifying Equilibrium Models of Labor Market Sorting

w18657 François Gourio
Nicolas A. Roys

Size-Dependent Regulations, Firm Size Distribution, and Reallocation

w18651 Jordi Galí
Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment

w18643 Daiji Kawaguchi
Jungmin Lee
Daniel S. Hamermesh

A Gift of Time

w18603 Michael C. Burda
Daniel S. Hamermesh
Jay Stewart

Cyclical Variation in Labor Hours and Productivity Using the ATUS

w18591 Casey B. Mulligan
The ARRA: Some Unpleasant Welfare Arithmetic

w18587 Javier Bianchi
Efficient Bailouts?

w18584 Wojciech Kopczuk
Taxation of Intergenerational Transfers and Wealth

w18565 Raj Chetty
John N. Friedman
Soren Leth-Petersen
Torben Nielsen
Tore Olsen

Active vs. Passive Decisions and Crowdout in Retirement Savings Accounts: Evidence from Denmark

w18544 Stephanie Schmitt-Grohé
Martín Uribe

The Making Of A Great Contraction With A Liquidity Trap and A Jobless Recovery

w18542 Alan L. Gustman
Thomas L. Steinmeier
Nahid Tabatabai

Mismeasurement of Pensions Before and After Retirement: The Mystery of the Disappearing Pensions with Implications for the Importance of Social Security as a Source of Retirement Support

w18527 Joshua Aizenman
Ilan Noy

Macroeconomic Adjustment and the History of Crises in Open Economies

w18503 Erhan Artuç
John McLaren

Trade Policy and Wage Inequality: A Structural Analysis with Occupational and Sectoral Mobility

w18493 Elizabeth M. Caucutt
Lance Lochner

Early and Late Human Capital Investments, Borrowing Constraints, and the Family

w18480 Guillermo A. Calvo
Fabrizio Coricelli
Pablo Ottonello

Labor Market, Financial Crises and Inflation: Jobless and Wageless Recoveries

w18445 Richard Blundell
Luigi Pistaferri
Itay Saporta-Eksten

Consumption Inequality and Family Labor Supply

w18434 Luca Sala
Ulf Söderström
Antonella Trigari

Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence

w18432 Finn E. Kydland
Peter Rupert
Roman Sustek

Housing Dynamics over the Business Cycle

w18426 Casey B. Mulligan
Recent Marginal Labor Income Tax Rate Changes by Skill and Marital Status

w18417 Felipe Kast
Stephan Meier
Dina Pomeranz

Under-Savers Anonymous: Evidence on Self-Help Groups and Peer Pressure as a Savings Commitment Device

w18406 Florian Scheuer
Adverse Selection In Credit Markets and Regressive Profit Taxation

w18386 Edward P. Lazear
James R. Spletzer

The United States Labor Market: Status Quo or A New Normal?

w18335 Tobias Adrian
Paolo Colla
Hyun Song Shin

Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9

w18315 Robert J. Gordon
Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds

w18322 Francesc Ortega
Giovanni Peri

The Effect of Income and Immigration Policies on International Migration

w18307 John Kennan
Open Borders

w18305 Ravi Bansal
Dana Kiku
Amir Yaron

Risks For the Long Run: Estimation with Time Aggregation

w18265 Ayşegül Şahin
Joseph Song
Giorgio Topa
Giovanni L. Violante

Mismatch Unemployment

w18228 Casey Rothschild
Florian Scheuer

Redistributive Taxation in the Roy Model

w18218 Per Krusell
Leena Rudanko

Unions in a Frictional Labor Market

w18217 Zhiguo He
Péter Kondor

Inefficient Investment Waves

w18193 Francesc Ortega
Giovanni Peri

The Effect of Trade and Migration on Income

w18178 Daron Acemoglu
Martin Kaae Jensen

Robust Comparative Statics in Large Dynamic Economies

w18170 Olivier Coibion
Yuriy Gorodnichenko
Lorenz Kueng
John Silvia

Innocent Bystanders? Monetary Policy and Inequality in the U.S.

w18154 Loukas Karabarbounis
Brent Neiman

Declining Labor Shares and the Global Rise of Corporate Saving

w18149 Mark Bils
Peter J. Klenow
Benjamin A. Malin

Testing for Keynesian Labor Demand

w18128 Emi Nakamura
Dmitriy Sergeyev
Jón Steinsson

Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence

w18094 James H. Stock
Mark W. Watson

Disentangling the Channels of the 2007-2009 Recession

w18088 Casey B. Mulligan
Do Welfare Policies Matter for Labor Market Aggregates? Quantifying Safety Net Work Incentives since 2007

w18077 Thomas Philippon
Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation

w18074 Jess Benhabib
Pengfei Wang

Financial Constraints, Endogenous Markups, and Self-fulfilling Equilibria

w18066 Mark Huggett
Greg Kaplan

The Money Value of a Man

w18049 Philippe Aghion
Torsten Persson
Dorothee Rouzet

Education and Military Rivalry

w18041 Chris Edmond
Virgiliu Midrigan
Daniel Yi Xu

Competition, Markups, and the Gains from International Trade

w18035 Fatih Guvenen
Serdar Ozkan
Jae Song

The Nature of Countercyclical Income Risk

w18022 Melvyn G. Coles
Dale T. Mortensen

Equilibrium Labor Turnover, Firm Growth and Unemployment

w17991 Elhanan Helpman
Oleg Itskhoki
Marc-Andreas Muendler
Stephen J. Redding

Trade and Inequality: From Theory to Estimation

w17982 Orazio Attanasio
Erik Hurst
Luigi Pistaferri

The Evolution of Income, Consumption, and Leisure Inequality in The US, 1980-2010

w17975 Leonid Kogan
Dimitris Papanikolaou

A Theory of Firm Characteristics and Stock Returns: The Role of Investment-Specific Shocks

w17971 Susanto Basu
Luigi Pascali
Fabio Schiantarelli
Luis Serven

Productivity and the Welfare of Nations

w17966 Jesse Rothstein
The Labor Market Four Years Into the Crisis: Assessing Structural Explanations

w17962 Christopher L. House
Jing Zhang

Layoffs, Lemons and Temps

w17958 Rüdiger Bachmann
Tim O. Berg
Eric R. Sims

Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence

w17948 Russell Cooper
Guan Gong
Ping Yan

Costly Labor Adjustment: Effects of China's Employment Regulations

w17924 Rüdiger Bachmann
Lin Ma

Lumpy Investment, Lumpy Inventories

w17872 Karen K. Lewis
Edith X. Liu

International Consumption Risk Is Shared After All: An Asset Return View

w17862 Mathias Trabandt
Harald Uhlig

How Do Laffer Curves Differ Across Countries?

w17853 Lucia Foster
John C. Haltiwanger
Chad Syverson

The Slow Growth of New Plants: Learning about Demand?

w17848 Wayne E. Ferson
Suresh K. Nallareddy
Biqin Xie

The "Out of Sample" Performance of Long-run Risk Models

w17837 Francesco Giavazzi
Michael McMahon

The Households Effects of Government Consumption

w17830 Atif R. Mian
Amir Sufi

What explains high unemployment? The aggregate demand channel

w17817 Florian Scheuer
Optimal Asset Taxes in Financial Markets with Aggregate Uncertainty

w17795 Leonid Kogan
Dimitris Papanikolaou

Growth Opportunities, Technology Shocks, and Asset Prices

w17791 Daniel F. Waggoner
Tao Zha

Confronting Model Misspecification in Macroeconomics

w17790 Kyle Handley
Nuno Limão

Trade and Investment under Policy Uncertainty: Theory and Firm Evidence

w17787 Valerie A. Ramey
Government Spending and Private Activity

w17783 Xavier Gabaix
Boundedly Rational Dynamic Programming: Some Preliminary Results

w17782 Steven J. Davis
R. Jason Faberman
John C. Haltiwanger

Recruiting Intensity during and after the Great Recession: National and Industry Evidence

w17779 Per Krusell
Toshihiko Mukoyama
Richard Rogerson
Ayşegül Şahin

Is Labor Supply Important for Business Cycles?

w17771 Gary B. Gorton
Guillermo Ordonez

Collateral Crises

w17746 Guido Menzio
Irina A. Telyukova
Ludo Visschers

Directed Search over the Life Cycle

w17740 Charles W. Calomiris
Stanley D. Longhofer
William Miles

The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares

w17723 Tim Landvoigt
Monika Piazzesi
Martin Schneider

The Housing Market(s) of San Diego


2011
w17717 Gregor Matvos
Amit Seru

Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates

w17714 Tom Krebs
Moritz Kuhn
Mark L. J. Wright

Human Capital Risk, Contract Enforcement, and the Macroeconomy

w17688 Mariacristina De Nardi
Eric French
David Benson

Consumption and the Great Recession

w17654 Casey B. Mulligan
The Expanding Social Safety Net

w17651 Paul Beaudry
Deokwoo Nam
Jian Wang

Do Mood Swings Drive Business Cycles and is it Rational?

w17649 Jungmin Lee
Daiji Kawaguchi
Daniel S. Hamermesh

Aggregate Impacts of a Gift of Time

w17638 Steven J. Davis
Till M. von Wachter

Recessions and the Cost of Job Loss

w17622 Fatih Guvenen
Macroeconomics With Heterogeneity: A Practical Guide

w17584 Casey B. Mulligan
Rising Labor Productivity during the 2008-9 Recession

w17583 Veronica Guerrieri
Guido Lorenzoni

Credit Crises, Precautionary Savings, and the Liquidity Trap

w17581 Charles Yuji Horioka
Akiko Terada-Hagiwara

The Determinants and Long-term Projections of Saving Rates in Developing Asia

w17547 Alan L. Gustman
Thomas L. Steinmeier
Nahid Tabatabai

How Did the Recession of 2007-2009 Affect the Wealth and Retirement of the Near Retirement Age Population in the Health and Retirement Study?

w17537 Karsten Jeske
Dirk Krueger
Kurt Mitman

Housing and the Macroeconomy: The Role of Bailout Guarantees for Government Sponsored Enterprises

w17516 John Y. Campbell
João F. Cocco

A Model of Mortgage Default

w17508 Raquel Fernández
Joyce Cheng Wong

The Disappearing Gender Gap: The Impact of Divorce, Wages, and Preferences on Education Choices and Women's Work

w17479 Roger E.A. Farmer
The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence

w17448 Igor Livshits
James MacGee
Michèle Tertilt

Costly Contracts and Consumer Credit

w17445 Casey B. Mulligan
Means-Tested Subsidies and Economic Performance Since 2007

w17433 Gianmarco I.P. Ottaviano
Firm Heterogeneity, Endogenous Entry, and the Business Cycle

w17430 Michael P. Keane
Richard Rogerson

Reconciling Micro and Macro Labor Supply Elasticities: A Structural Perspective

w17429 Alejandro Justiniano
Claudio Michelacci

The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the US and Europe

w17424 Yuriy Gorodnichenko
Anna Mikusheva
Serena Ng

Estimators for Persistent and Possibly Non-Stationary Data with Classical Properties

w17389 Tommaso Monacelli
Vincenzo Quadrini
Antonella Trigari

Financial Markets and Unemployment

orrc11-13 Edgar Vogel
Alexander Ludwig
Axel Boersch-Supan

Aging and Pension Reform in a Two-Region World: The Role of Human Capital

w17349 Claudia Olivetti
Barbara Petrongolo

Gender Gaps across Countries and Skills: Supply, Demand and the Industry Structure

w17338 Greg Kaplan
Giovanni L. Violante

A Model of the Consumption Response to Fiscal Stimulus Payments

w17326 Jeff Biddle
Daniel S. Hamermesh

Cycles of Wage Discrimination

w17314 Nico Voigtländer
Hans-Joachim Voth

How the West 'Invented' Fertility Restriction

w17311 Aubhik Khan
Julia K. Thomas

Credit Shocks and Aggregate Fluctuations in an Economy with Production Heterogeneity

w17294 Steven J. Davis
Jason Faberman
John C. Haltiwanger

Labor Market Flows in the Cross Section and Over Time

w17285 Xiaoji Lin
Lu Zhang

Covariances versus Characteristics in General Equilibrium

w17284 Melvyn G. Coles
Dale T. Mortensen

Equilibrium Wage and Employment Dynamics in a Model of Wage Posting without Commitment

w17274 Laurence M. Ball
Nicolás De Roux
Marc Hofstetter

Unemployment in Latin America and the Caribbean

w17203 Michael D. Hurd
Susann Rohwedder

Economic Preparation for Retirement

w17191 Francois Gourio
Leena Rudanko

Customer Capital

w17187 Michael C. Burda
Jennifer Hunt

What Explains the German Labor Market Miracle in the Great Recession?

w17179 Robert E. Hall
Clashing Theories of Unemployment

w17144 Efraim Benmelech
Nittai K. Bergman
Amit Seru

Financing Labor

w17137 Roger Farmer
Animal Spirits, Financial Crises and Persistent Unemployment

w17130 Xiaohong Chen
Jack Favilukis
Sydney C. Ludvigson

An Estimation of Economic Models with Recursive Preferences

w17084 Jordi Galí
Frank Smets
Rafael Wouters

Unemployment in an Estimated New Keynesian Model

w17077 Annamaria Lusardi
Olivia S. Mitchell

The Outlook for Financial Literacy

w17045 Zheng Liu
Pengfei Wang
Tao Zha

Land-price dynamics and macroeconomic fluctuations

w17035 Casey Rothschild
Florian Scheuer

Optimal Taxation with Rent-Seeking

w17027 Tarek A. Hassan
Thomas M. Mertens

The Social Cost of Near-Rational Investment

w17026 Francois Gourio
Credit Risk and Disaster Risk

w17021 Simon Gilchrist
Egon Zakrajšek

Credit Spreads and Business Cycle Fluctuations

w16996 Martin Lettau
Sydney C. Ludvigson

Shocks and Crashes

w16979 Fiorella De Fiore
Harald Uhlig

Bank Finance Versus Bond Finance

w16965 Thomas Philippon
Virgiliu Midrigan

Household Leverage and the Recession

w16957 Yosef Bonaparte
Russell Cooper
Guozhong Zhu

Consumption Smoothing and Portfolio Rebalancing: The Effects of Adjustment Costs

w16950 Anthony W. Lynch
Oliver Randall

Why Surplus Consumption in the Habit Model May be Less Persistent than You Think

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

Intergenerational Redistribution in the Great Recession

w16889 Janice C. Eberly
Sergio Rebelo
Nicolas Vincent

What Explains the Lagged Investment Effect?

w16862 Rüdiger Bachmann
Christian Bayer

Uncertainty Business Cycles - Really?

w16861 Rüdiger Bachmann
Christian Bayer

Investment Dispersion and the Business Cycle

w16843 Chong Wang
Neng Wang
Jinqiang Yang

Dynamics of Entrepreneurship under Incomplete Markets

w16829 John F. Helliwell
Haifang Huang

New measures of the costs of unemployment: Evidence from the subjective well-being of 3.3 million Americans

w16828 Chadwick C. Curtis
Steven Lugauer
Nelson C. Mark

Demographic Patterns and Household Saving in China

w16810 Sydney C. Ludvigson
Advances in Consumption-Based Asset Pricing: Empirical Tests

w16808 Patrick Bolton
Hui Chen
Neng Wang

Market Timing, Investment, and Risk Management

w16807 Mark A. Aguiar
Mark Bils

Has Consumption Inequality Mirrored Income Inequality?

w16800 Shang-Jin Wei
Xiaobo Zhang

Sex Ratios, Entrepreneurship, and Economic Growth in the People's Republic of China

w16789 Marianne Baxter
International Risk Sharing in the Short Run and in the Long Run

w16774 Ellen R. McGrattan
Transition to FDI Openness: Reconciling Theory and Evidence

w16771 Dennis Tao Yang
Junsen Zhang
Shaojie Zhou

Why Are Saving Rates so High in China?

w16750 Emmanuel Farhi
Jean Tirole

Bubbly Liquidity

w16742 Charles I. Jones
Misallocation, Economic Growth, and Input-Output Economics

w16741 Robert E. Hall
The Long Slump

w16740 Justine S. Hastings
Olivia S. Mitchell

How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors

w16729 Raj Chetty
Adam Guren
Dayanand S. Manoli
Andrea Weber

Does Indivisible Labor Explain the Difference Between Micro and Macro Elasticities? A Meta-Analysis of Extensive Margin Elasticities

w16685 Atif Mian
Amir Sufi
Francesco Trebbi

Foreclosures, House Prices, and the Real Economy

w16684 Jonathan A. Parker
Nicholas S. Souleles
David S. Johnson
Robert McClelland

Consumer Spending and the Economic Stimulus Payments of 2008

w16675 James M. Poterba
Steven F. Venti
David A. Wise

The Drawdown of Personal Retirement Assets


2010
w16636 Richard Rogerson
Individual and Aggregate Labor Supply With Coordinated Working Times

w16617 Haelim M. Park
Gary Richardson

Retail Trade by Federal Reserve District, 1919 to 1939: A Statistical History

w16577 Jonathan A. Parker
Annette Vissing-Jorgensen

The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares

w16565 Marcos Chamon
Kai Liu
Eswar S. Prasad

Income Uncertainty and Household Savings in China

w16541 Ryan Kellogg
The Effect of Uncertainty on Investment: Evidence from Texas Oil Drilling

w16537 Olivier Coibion
Yuriy Gorodnichenko

Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts

w16531 Andrew Paciorek
Todd M. Sinai

Does Home Owning Smooth the Variability of Future Housing Consumption?

w16527 Erik Hurst
Geng Li
Benjamin Pugsley

Are Household Surveys Like Tax Forms: Evidence from Income Underreporting of the Self Employed

w16526 Camille Landais
Pascal Michaillat
Emmanuel Saez

A Macroeconomic Theory of Optimal Unemployment Insurance

w16522 Roger E.A. Farmer
Animal Spirits, Persistent Unemployment and the Belief Function

w16503 Alan L. Gustman
Thomas L. Steinmeier

Policy Effects in Hyperbolic vs. Exponential Models of Consumption and Retirement

w16500 Alan L. Gustman
Thomas L. Steinmeier
Nahid Tabatabai

Financial Knowledge and Financial Literacy at the Household Level

w16498 Russell Cooper
Guan Gong
Ping Yan

Dynamic Labor Demand in China: Public and Private Objectives

w16479 Ethan Ilzetzki
Enrique G. Mendoza
Carlos A. Végh

How Big (Small?) are Fiscal Multipliers?

w16432 Tamim Bayoumi
Hui Tong
Shang-Jin Wei

The Chinese Corporate Savings Puzzle: A Firm-level Cross-country Perspective

w16400 Francisco J. Buera
Yongseok Shin

Financial Frictions and the Persistence of History: A Quantitative Exploration

w16389 James M. Poterba
Steven F. Venti
David A. Wise

The Asset Cost of Poor health

w16380 Robert J. Gordon
Robert Krenn

The End of the Great Depression 1939-41: Policy Contributions and Fiscal Multipliers

w16374 Pierpaolo Benigno
Luca Antonio Ricci
Paolo Surico

Unemployment and Productivity in the Long Run: The Role of Macroeconomic Volatility

w16364 Patrick J. Kehoe
Virgiliu Midrigan

Prices are Sticky After All

w16357 Casey B. Mulligan
Does Labor Supply Matter During a Recession? Evidence from the Seasonal Cycle

w16342 Melvin Stephens
Jr.
Takashi Unayama

The Consumption Response to Seasonal Income: Evidence from Japanese Public Pension Benefits

w16336 Frederico Belo
Chen Xue
Lu Zhang

Cross-sectional Tobin's Q

w16334 Carmen M. Reinhart
Vincent R. Reinhart

After the Fall

w16327 Fatih Guvenen
Anthony Smith

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

w16310 Kathleen M. Kahle
René M. Stulz

Financial Policies and the Financial Crisis: How Important Was the Systemic Credit Contraction for Industrial Corporations?

w16300 John C. Haltiwanger
Ron S. Jarmin
Javier Miranda

Who Creates Jobs? Small vs. Large vs. Young

w16289 Karel Mertens
Morten Ravn

Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks

w16286 Gabriel Y. Weintraub
C. Lanier Benkard
Benjamin Van Roy

Industry Dynamics: Foundations For Models with an Infinite Number of Firms

w16265 Steven J. Davis
R. Jason Faberman
John C. Haltiwanger

The Establishment-Level Behavior of Vacancies and Hiring

w16237 Veronica Guerrieri
Daniel Hartley
Erik Hurst

Endogenous Gentrification and Housing Price Dynamics

w16205 Dean Karlan
Margaret McConnell
Sendhil Mullainathan
Jonathan Zinman

Getting to the Top of Mind: How Reminders Increase Saving

w16157 François Gourio
Jianjun Miao

Transitional Dynamics of Dividend and Capital Gains Tax Cuts

w16154 Chadwick C. Curtis
Nelson Mark

Business Cycles, Consumption and Risk-Sharing: How Different Is China?

w16145 Christopher L. House
Yusufcan Masatlioglu

Managing Markets for Toxic Assets

w16130 Alessandro Barattieri
Susanto Basu
Peter Gottschalk

Some Evidence on the Importance of Sticky Wages

w16074 Lawrence J. Christiano
Mathias Trabandt
Karl Walentin

DSGE Models for Monetary Policy Analysis

w16067 Valerie A. Ramey
Daniel J. Vine

Oil, Automobiles, and the U.S. Economy: How Much have Things Really Changed?

w16063 Daniel Paravisini
Veronica Rappoport
Enrichetta Ravina

Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios

w16061 Rajnish Mehra
Indian Equity Markets: Measures of Fundamental Value

w16033 Robert E. Hall
Alan B. Krueger

Evidence on the Determinants of the Choice between Wage Posting and Wage Bargaining

w15979 Michael W. Elsby
Bart Hobijn
Aysegul Sahin

The Labor Market in the Great Recession

w16022 Yosef Bonaparte
Russell Cooper

Rationalizing Trading Frequency and Returns

w16000 Qingyuan Du
Shang-Jin Wei

A Sexually Unbalanced Model of Current Account Imbalances

w15988 Jack Favilukis
Sydney C. Ludvigson
Stijn Van Nieuwerburgh

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

w15983 Guido Menzio
Espen R. Moen

Worker replacement

w15955 Patrick Bajari
Phoebe Chan
Dirk Krueger
Daniel Miller

A Dynamic Model of Housing Demand: Estimation and Policy Implications

w15920 Emi Nakamura
Jón Steinsson
Robert Barro
José Ursúa

Crises and Recoveries in an Empirical Model of Consumption Disasters

w15914 Costas Meghir
Luigi Pistaferri

Earnings, Consumption and Lifecycle Choices

w15901 Richard Rogerson
Robert Shimer

Search in Macroeconomic Models of the Labor Market

w15897 Casey B. Mulligan
Luke Threinen

The Marginal Products of Residential and Non-Residential Capital Through 2009

w15896 Atif R. Mian
Amir Sufi

Household Leverage and the Recession of 2007 to 2009

w15891 Angus S. Deaton
Understanding the mechanisms of economic development

w15890 Jules van Binsbergen
Jesús Fernández-Villaverde
Ralph S.J. Koijen
Juan F. Rubio-Ramírez

The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences

w15883 George-Marios Angeletos
Guido Lorenzoni
Alessandro Pavan

Beauty Contests and Irrational Exuberance: A Neoclassical Approach

w15879 Jean Boivin
Michael T. Kiley
Frederic S. Mishkin

How Has the Monetary Transmission Mechanism Evolved Over Time?

w15835 Fernando E. Alvarez
Luigi Guiso
Francesco Lippi

Durable consumption and asset management with transaction and observation costs

w15834 Robert J. Gordon
Revisiting U. S. Productivity Growth over the Past Century with a View of the Future

w15829 Andreas Fuster
Paul S. Willen

Insuring Consumption Using Income-Linked Assets

w15805 Stavros Panageas
Optimal retirement benefit guarantees

w15800 Casey B. Mulligan
Simple Analytics and Empirics of the Government Spending Multiplier and Other "Keynesian" Paradoxes

w15790 Paul Beaudry
David A. Green
Benjamin M. Sand

How Much Is Employment Increased by Cutting Labor Costs? Estimating the Elasticity of Job Creation

w15789 James M. Poterba
Steven F. Venti
David A. Wise

Family Status Transitions, Latent Health, and the Post-Retirement Evolution of Assets

w15744 Axel H. Boersch-Supan
Alexander Ludwig

Old Europe ages: Reforms and Reform Backlashes

w15767 Pedro S. Martins
Gary Solon
Jonathan Thomas

Measuring What Employers Really Do about Entry Wages over the Business Cycle

w15762 Pierpaolo Benigno
Luca Antonio Ricci

The Inflation-Output Trade-off with Downward Wage Rigidities

w15756 Orazio P. Attanasio
Guglielmo Weber

Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy

w15754 Christopher J. Nekarda
Valerie A. Ramey

Industry Evidence on the Effects of Government Spending

w15739 Tullio Jappelli
Luigi Pistaferri

The Consumption Response to Income Changes

w15735 Efraim Benmelech
Nittai K. Bergman

Vintage Capital and Creditor Protection

w15712 Chad Syverson
What Determines Productivity?

w15688 Ralph S.J. Koijen
Hanno Lustig
Stijn Van Nieuwerburgh

The Cross-Section and Time-Series of Stock and Bond Returns

w15685 Martin S. Feldstein
U.S. Growth in the Decade Ahead

w15681 Casey B. Mulligan
Aggregate Implications of Labor Market Distortions: The Recession of 2008-9 and Beyond

w15675 Russell Cooper
John C. Haltiwanger
Jonathan L. Willis

Euler-Equation Estimation for Discrete Choice Models: A Capital Accumulation Application

w15639 Carmen M. Reinhart
Kenneth S. Rogoff

Growth in a Time of Debt


2009
w15607 Alan L. Gustman
Thomas Steinmeier

Integrating Retirement Models

w15601 Charles Y. Horioka
The (Dis)saving Behavior of the Aged in Japan

w15579 Susanto Basu
Luigi Pascali
Fabio Schiantarelli
Luis Serven

Productivity, Welfare and Reallocation: Theory and Firm-Level Evidence

w15577 Gilbert Cette
Yusuf Kocoglu
Jacques Mairesse

Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century

w15561 Stefano Eusepi
Bruce Preston

Labor Supply Heterogeneity and Macroeconomic Co-movement

w15554 Dirk Krueger
Fabrizio Perri
Luigi Pistaferri
Giovanni L. Violante

Cross Sectional Facts for Macroeconomists

w15553 Greg Kaplan
Giovanni L. Violante

How Much Consumption Insurance Beyond Self-Insurance?

w15546 John M. Abowd
Francis Kramarz
Sébastien Pérez-Duarte
Ian Schmutte

A Formal Test of Assortative Matching in the Labor Market

w15525 David Backus
Espen Henriksen
Frederic Lambert
Christopher Telmer

Current Account Fact and Fiction

w15508 James B. Davies
Susanna Sandström
Anthony B. Shorrocks
Edward N. Wolff

The Level and Distribution of Global Household Wealth

w15496 Robert E. Hall
By How Much Does GDP Rise if the Government Buys More Output?

w15483 Jonathan Heathcote
Fabrizio Perri
Giovanni L. Violante

Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006

w15474 James Feyrer
The US Productivity Slowdown, the Baby Boom, and Management Quality

w15462 Todd M. Sinai
Nicholas S. Souleles

Can Owning a Home Hedge the Risk of Moving?

w15452 Eduardo Borensztein
Olivier Jeanne
Damiano Sandri

Macro-Hedging for Commodity Exporters

w15435 Alan L. Gustman
Thomas L. Steinmeier
Nahid Tabatabai

What the Stock Market Decline Means for the Financial Security and Retirement Choices of the Near-Retirement Population

w15427 Peter Howitt
Ömer Özak

Adaptive Consumption Behavior

w15421 Claudia R. Sahm
Matthew D. Shapiro
Joel B. Slemrod

Household Response to the 2008 Tax Rebate: Survey Evidence and Aggregate Implications

w15416 Berthold Herrendorf
Richard Rogerson
Ákos Valentinyi

Two Perspectives on Preferences and Structural Transformation

w15404 Ravi Jagannathan
Mudit Kapoor
Ernst Schaumburg

Causes of the Great Recession of 2007-9: The Financial Crisis is the Symptom not the Disease!

w15373 Robert S. Pindyck
Neng Wang

The Economic and Policy Consequences of Catastrophes

w15369 Robert J. Barro
Charles J. Redlick

Macroeconomic Effects from Government Purchases and Taxes

w15340 Nicolae B. Gârleanu
Stavros Panageas
Jianfeng Yu

Technological Growth and Asset Pricing

w15312 Robert B. Barsky
Eric R. Sims

News Shocks

w15283 Atif R. Mian
Amir Sufi

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis

w15281 Casey B. Mulligan
Means-Tested Mortgage Modification: Homes Saved or Income Destroyed?

w15265 Christopher D. Carroll
Patrick Toche

A Tractable Model of Buffer Stock Saving

w15257 Jonathan Heathcote
Kjetil Storesletten
Giovanni L. Violante

Consumption and Labor Supply with Partial Insurance: An Analytical Framework

w15252 Per Krusell
Toshihiko Mukoyama
Richard Rogerson
Aysegul Sahin

Aggregate Labor Market Outcomes: The Role of Choice and Chance

w15251 Per Krusell
Toshihiko Mukoyama
Richard Rogerson
Aysegul Sahin

A Three State Model of Worker Flows in General Equilibrium

w15247 Robert J. Barro
Tao Jin

On the Size Distribution of Macroeconomic Disasters

w15243 Fatih Guvenen
A Parsimonious Macroeconomic Model for Asset Pricing

w15227 Yosef Bonaparte
Russell Cooper

Costly Portfolio Adjustment

w15204 Anusha Chari
Peter Blair Henry
Diego Sasson

Capital Market Integration and Wages

w15193 Cristina Arellano
Yan Bai
Jing Zhang

Firm Dynamics and Financial Development

w15169 Eswar S. Prasad
Rebalancing Growth in Asia

w15166 Mark Bils
Yongsung Chang
Sun-Bin Kim

Heterogeneity and Cyclical Unemployment

w15150 David H. Autor
David Dorn

The Growth of Low Skill Service Jobs and the Polarization of the U.S. Labor Market

w15149 Mariacristina De Nardi
Eric French
John Bailey Jones

Why do the Elderly Save? The Role of Medical Expenses

w15117 Michael W. L. Elsby
Matthew D. Shapiro

Stepping Off the Wage Escalator: The Effects of Wage Growth on Equilibrium Employment

w15113 James Feyrer
Jay C. Shambaugh

Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks

w15080 Yuriy Gorodnichenko
Klara Sabirianova Peter
Dmitriy Stolyarov

Inequality and Volatility Moderation in Russia: Evidence from Micro-Level Panel Data on Consumption and Income

w15075 Charles Calomiris
Stanley D. Longhofer
William Miles

The (Mythical?) Housing Wealth Effect

w15059 Nicola Fuchs-Schündeln
Dirk Krueger
Mathias Sommer

Inequality Trends for Germany in the Last Two Decades: A Tale of Two Countries

w15049 Robert B. Barsky
Eric R. Sims

Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence

w15044 Francois Gourio
Jianjun Miao

Firm Heterogeneity and the Long-run Effects of Dividend Tax Reform

w15033 Dale T. Mortensen
Wage Dispersion in the Search and Matching Model with Intra-Firm Bargaining

w15030 Mark Bils
Yongsung Chang
Sun-Bin Kim

Comparative Advantage and Unemployment

w15029 Diego A. Comin
Mark Gertler
Ana Maria Santacreu

Technology Innovation and Diffusion as Sources of Output and Asset Price Fluctuations

w15021 Roger E. A. Farmer
Fiscal Policy Can Reduce Unemployment: But There is a Less Costly and More Effective Alternative

w15011 Bulent Guler
Fatih Guvenen
Giovanni L. Violante

Joint-Search Theory: New Opportunities and New Frictions

w15010 Andrew B. Abel
Janice C. Eberly
Stavros Panageas

Optimal Inattention to the Stock Market with Information Costs and Transactions Costs

w14990 Heitor Almeida
Murillo Campello
Bruno Laranjeira
Scott Weisbenner

Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis

w14960 Boyan Jovanovic
Peter L. Rousseau

Extensive and Intensive Investment over the Business Cycle

w14915 Veronica Guerrieri
Robert Shimer
Randall Wright

Adverse Selection in Competitive Search Equilibrium

w14901 Hamish Low
Costas Meghir
Luigi Pistaferri

Wage Risk and Employment Risk over the Life Cycle

w14873 Stefania Albanesi
Claudia Olivetti

Gender Roles and Medical Progress

w14872 Frank Schorfheide
Keith Sill
Maxym Kryshko

DSGE Model-Based Forecasting of Non-modelled Variables

w14848 Hui Chen
Jianjun Miao
Neng Wang

Entrepreneurial Finance and Non-diversifiable Risk

w14845 Patrick Bolton
Hui Chen
Neng Wang

A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management

w14833 Francesc Ortega
Giovanni Peri

The Causes and Effects of International Migrations: Evidence from OECD Countries 1980-2005

w14818 Laurence M. Ball
Hysteresis in Unemployment: Old and New Evidence

w14788 Jason Beeler
John Y. Campbell

The Long-Run Risks Model and Aggregate Asset Prices: An Empirical Assessment

w14772 Lars Ljungqvist
Harald Uhlig

Optimal Endowment Destruction under Campbell-Cochrane Habit Formation

w14768 Jonathan Heathcote
Kjetil Storesletten
Giovanni L. Violante

Quantitative Macroeconomics with Heterogeneous Households

w14760 Robert J. Barro
José F. Ursúa

Stock-Market Crashes and Depressions

w14754 Miles S. Kimball
Claudia R. Sahm
Matthew D. Shapiro

Risk Preferences in the PSID: Individual Imputations and Family Covariation

w14753 Matthew D. Shapiro
Joel B. Slemrod

Did the 2008 Tax Rebates Stimulate Spending?

w14743 Joseph G. Altonji
Anthony Smith
Ivan Vidangos

Modeling Earnings Dynamics

w14740 Giuseppe Moscarini
Fabien Postel-Vinay

Large Employers Are More Cyclically Sensitive

w14730 Jess Benhabib
Alberto Bisin

The distribution of wealth and fiscal policy in economies with finitely lived agents

w14729 Casey Mulligan
What Caused the Recession of 2008? Hints from Labor Productivity

w14676 Michael Burda
Daniel S. Hamermesh

Unemployment, Market Work and Household Production

w14665 Jonathan A. Parker
Annette Vissing-Jorgensen

Who Bears Aggregate Fluctuations and How?

w14663 Michael G. Palumbo
Jonathan A. Parker

The Integrated Financial and Real System of National Accounts for the United States: Does It Presage the Financial Crisis?

w14661 Hanno Lustig
Chad Syverson
Stijn Van Nieuwerburgh

Technological Change and the Growing Inequality in Managerial Compensation

w14653 Mariacristina De Nardi
Eric French
John Bailey Jones

Life Expectancy and Old Age Savings

w14652 David Autor
David Dorn

This Job is 'Getting Old:' Measuring Changes in Job Opportunities Using Occupational Age Structure

w14639 Charles Yuji Horioka
Do Bequests Increase or Decrease Wealth Inequalities?


2008
w14617 Michael Elsby
Bart Hobijn
Aysegul Sahin

Unemployment Dynamics in the OECD

w14580 Loretti I. Dobrescu
Laurence J. Kotlikoff
Alberto F. Motta

Why Aren't Developed Countries Saving?

w14584 Tommaso Monacelli
Roberto Perotti

Fiscal Policy, Wealth Effects, and Markups

w14553 Harald Uhlig
The Slow Decline of East Germany

w14546 Marcos Chamon
Eswar Prasad

Why are Saving Rates of Urban Households in China Rising?

w14514 Casey B. Mulligan
A Depressing Scenario: Mortgage Debt Becomes Unemployment Insurance

w14446 Casey Mulligan
Luke Threinen

Market Responses to the Panic of 2008

w14430 V. V. Chari
Patrick J. Kehoe
Ellen R. McGrattan

Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?

w14402 Christopher L. House
Fixed Costs and Long-Lived Investments

w14389 Andrew T. Foerster
Pierre-Daniel G. Sarte
Mark W. Watson

Sectoral vs. Aggregate Shocks: A Structural Factor Analysis of Industrial Production

w14351 Rajnish Mehra
Facundo Piguillem
Edward C. Prescott

Costly Financial Intermediation in Neoclassical Growth Theory

w14329 Robert E. Hall
Alan B. Krueger

Wage Formation between Newly Hired Workers and Employers: Survey Evidence

w14300 Steven J. Davis
R. Jason Faberman
John Haltiwanger
Ron Jarmin
Javier Miranda

Business Volatility, Job Destruction, and Unemployment

w14262 Pol Antràs
Esteban Rossi-Hansberg

Organizations and Trade

w14259 Olivier J. Blanchard
The State of Macro

w14228 Markus K. Brunnermeier
Filippos Papakonstantinou
Jonathan A. Parker

An Economic Model of the Planning Fallacy

w14208 Miles S. Kimball
Matthew D. Shapiro

Labor Supply: Are the Income and Substitution Effects Both Large or Both Small?

w14204 Willem H. Buiter
Housing Wealth Isn't Wealth

w14128 Jess Benhabib
Shenghao Zhu

Age, Luck, and Inheritance

w14105 Alan L. Gustman
Thomas Steinmeier

How Changes in Social Security Affect Recent Retirement Trends

w14097 Alessandra Fogli
Laura Veldkamp

Nature or Nurture? Learning and the Geography of Female Labor Force Participation

w14052 Jonathan Heathcote
Kjetil Storesletten
Giovanni L. Violante

The Macroeconomic Implications of Rising Wage Inequality in the United States

w13986 Pierpaolo Benigno
Luca Antonio Ricci

The Inflation-Unemployment Trade-Off at Low Inflation

w13940 Robert J. Barro
José F. Ursúa

Macroeconomic Crises since 1870

w13966 Francisco J. Gomes
Laurence J. Kotlikoff
Luis M. Viceira

Optimal Life-Cycle Investing with Flexible Labor Supply: A Welfare Analysis of Life-Cycle Funds

w13955 Emmanuel Farhi
Jean Tirole

Competing Liquidities: Corporate Securities, Real Bonds and Bubbles

w13953 Martin S. Feldstein
Did Wages Reflect Growth in Productivity?

w13924 Aleksander Berentsen
Guido Menzio
Randall Wright

Inflation and Unemployment in the Long Run

w13911 Francesco Giavazzi
Michael McMahon

Policy Uncertainty and Precautionary Savings

w13896 Hanno Lustig
Stijn Van Nieuwerburgh
Adrien Verdelhan

The Wealth-Consumption Ratio

w13894 Noah Williams
Persistent Private Information

w13893 Mark Aguiar
Erik Hurst

Deconstructing Lifecycle Expenditure

w13880 Peter Blair Henry
Diego Sasson

Capital Account Liberalization, Real Wages, and Productivity

w13876 Christopher D. Carroll
Jiri Slacalek
Martin Sommer

International Evidence on Sticky Consumption Growth

w13872 Richard Rogerson
Lodewijk P. Visschers
Randall Wright

Labor Market Fluctuations in the Small and in the Large

w13871 Per Krusell
Toshihiko Mukoyama
Richard Rogerson
Aysegul Sahin

Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions

w13867 Melissa Bjelland
Bruce Fallick
John Haltiwanger
Erika McEntarfer

Employer-to-Employer Flows in the United States: Estimates Using Linked Employer-Employee Data

w13866 Janice Eberly
Sergio Rebelo
Nicolas Vincent

Investment and Value: A Neoclassical Benchmark

w13851 Francesco D'Amuri
Gianmarco I.P. Ottaviano
Giovanni Peri

The Labor Market Impact of Immigration in Western Germany in the 1990's

w13840 Ian Dew-Becker
Robert J. Gordon

The Role of Labor Market Changes in the Slowdown of European Productivity Growth

w13837 Mark Aguiar
Erik Hurst

The Increase in Leisure Inequality

w13819 Giuseppe Moscarini
Francis G. Vella

Occupational Mobility and the Business Cycle

w13789 Erik Hurst
The Retirement of a Consumption Puzzle

w13777 Michael W. L. Elsby
Ryan Michaels

Marginal Jobs, Heterogeneous Firms, & Unemployment Flows

w13772 Fernando Alvarez
Robert Shimer

Search and Rest Unemployment

w13755 Julio J. Rotemberg
Minimally Altruistic Wages and Unemployment in a Matching Model


2007
w13707 Matthias Doepke
Moshe Hazan
Yishay Maoz

The Baby Boom and World War II: A Macroeconomic Analysis

w13694 Sumit Agarwal
Chunlin Liu
Nicholas S. Souleles

The Reaction of Consumer Spending and Debt to Tax Rebates -- Evidence from Consumer Credit Data

w13693 Todd Sinai
Nicholas S. Souleles

Net Worth and Housing Equity in Retirement

w13690 Robert J. Barro
Rare Disasters, Asset Prices, and Welfare Costs

w13682 John B. Taylor
Housing and Monetary Policy

w13673 Jonathan Heathcote
Kjetil Storesletten
Giovanni L. Violante

Insurance and Opportunities: A Welfare Analysis of Labor Market Risk

w13666 Yuriy Gorodnichenko
Using Firm Optimization to Evaluate and Estimate Returns to Scale

w13655 V. V. Chari
Patrick J. Kehoe

The Heterogeneous State of Modern Macroeconomics: A Reply to Solow

w13651 Ann Bartel
Casey Ichniowski
Kathryn Shaw
Ricardo Correa

International Differences in the Adoption and Impact of New Information Technologies and New HR Practices: The Valve-Making Industry in the U.S. and U.K.

w13646 Florin Bilbiie
Fabio Ghironi
Marc J. Melitz

Endogenous Entry, Product Variety, and Business Cycles

w13624 David Backus
Espen Henriksen
Kjetil Storesletten

Taxes and the Global Allocation of Capital

w13619 Eswar S. Prasad
Raghuram G. Rajan
Arvind Subramanian

Foreign Capital and Economic Growth

w13614 Dora Gicheva
Justine Hastings
Sofia Villas-Boas

Revisiting the Income Effect: Gasoline Prices and Grocery Purchases

w13674 Andreas Hornstein
Per Krusell
Giovanni L. Violante

Frictional Wage Dispersion in Search Models: A Quantitative Assessment

w13592 Jeremy Greenwood
Karen A. Kopecky

Measuring the Welfare Gain from Personal Computers: A Macroeconomic Approach

w13584 Thomas Philippon
Yuliy Sannikov

Real Options in a Dynamic Agency Model, with Applications to Financial Development, IPOs, and Business Risk

w13577 Michael D. Bordo
Christopher M. Meissner

Foreign Capital and Economic Growth in the First Era of Globalization

w13570 Ulrike Malmendier
Geoffrey Tate
Jonathan Yan

Corporate Financial Policies With Overconfident Managers

w13566 Frederic S. Mishkin
Will Monetary Policy Become More of a Science?

w13560 Thomas Philippon
Financiers vs. Engineers: Should the Financial Sector be Taxed or Subsidized?

w13518 Frederic S. Mishkin
Housing and the Monetary Transmission Mechanism

w13505 David G. Blanchflower
Is Unemployment More Costly Than Inflation?

w13499 Ellen R. McGrattan
Edward C. Prescott

Unmeasured Investment and the Puzzling U.S. Boom in the 1990s

w13475 George-Marios Angeletos
Guido Lorenzoni
Alessandro Pavan

Wall Street and Silicon Valley: A Delicate Interaction

w13405 Thomas Philippon
Why Has the U.S. Financial Sector Grown so Much? The Role of Corporate Finance.

w13421 Robert Shimer
Reassessing the Ins and Outs of Unemployment

w13412 Enrique G. Mendoza
Vincenzo Quadrini
José-Victor Ríos-Rull

On the Welfare Implications of Financial Globalization without Financial Development

w13406 Roger E. A. Farmer
Aggregate Demand and Supply

w13394 Fatih Guvenen
An Empirical Investigation of Labor Income Processes

w13390 Emmanuel Farhi
Capital Taxation and Ownership when Markets are Incomplete

w13385 Nicholas Bloom
The Impact of Uncertainty Shocks

w13379 Alan L. Gustman
Thomas Steinmeier
Nahid Tabatabai

Imperfect Knowledge of Pension Plan Type

w13373 Raquel Fernandez
Culture as Learning: The Evolution of Female Labor Force Participation over a Century

w13368 Olivier J. Blanchard
Jordi Gali

The Macroeconomic Effects of Oil Shocks: Why are the 2000s So Different from the 1970s?

w13363 Igor Livshits
James MacGee
Michèle Tertilt

Accounting for the Rise in Consumer Bankruptcies

w13337 Miles S. Kimball
Claudia R. Sahm
Matthew D. Shapiro

Imputing Risk Tolerance from Survey Responses

w13315 Simon Gilchrist
Jae W. Sim

Investment during the Korean Financial Crisis: A Structural Econometric Analysis

w13314 David Laibson
Andrea Repetto
Jeremy Tobacman

Estimating Discount Functions with Consumption Choices over the Lifecycle

w13302 Klaus Desmet
Esteban Rossi-Hansberg

Spatial Growth and Industry Age

w13287 Dale T. Mortensen
Island Matching

w13273 Charles Yuji Horioka
Wataru Suzuki
Tatsuo Hatta

Aging, Saving, and Public Pensions in Japan

w13260 Bruce Preston
Mauro Roca

Incomplete Markets, Heterogeneity and Macroeconomic Dynamics

w13250 Jianjun Miao
Neng Wang

Investment, Consumption, and Hedging under Incomplete Markets

w13241 Pol Antràs
Ricardo J. Caballero

Trade and Capital Flows: A Financial Frictions Perspective

w13231 Mark Bils
Yongsung Chang
Sun-Bin Kim

Comparative Advantage in Cyclical Unemployment

w13224 Mark Huggett
Gustavo Ventura
Amir Yaron

Sources of Lifetime Inequality

w13198 Satyajit Chatterjee
Esteban Rossi-Hansberg

Spin-offs and the Market for Ideas

w13185 Alexander Ludwig
Dirk Krueger
Axel H. Boersch-Supan

Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations

w13174 Simon Gilchrist
Egon Zakrajsek

Investment and the Cost of Capital: New Evidence from the Corporate Bond Market

w13160 Marco Cagetti
Mariacristina De Nardi

Estate Taxation, Entrepreneurship, and Wealth

w13157 Francois Gourio
Anil K Kashyap

Investment Spikes: New Facts and a General Equilibrium Exploration

w13149 Devashish Mitra
Priya Ranjan

Offshoring and Unemployment

w13143 Roberto Perotti
In Search of the Transmission Mechanism of Fiscal Policy

w13115 Russell Cooper
John Haltiwanger
Jonathan L. Willis

Implications of Search Frictions: Matching Aggregate and Establishment-level Observations

w13111 Timothy J. Kehoe
Kim J. Ruhl

Are Shocks to the Terms of Trade Shocks to Productivity?

w13105 John Ameriks
Andrew Caplin
Steven Laufer
Stijn Van Nieuwerburgh

The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives

w13103 David Dollar
Shang-Jin Wei

Das (Wasted) Kapital: Firm Ownership and Investment Efficiency in China

w13096 Fatih Guvenen
Burhanettin Kuruscu

Understanding the Evolution of the U.S. Wage Distribution: A Theoretical Analysis

w13095 Fatih Guvenen
Burhanettin Kuruscu

A Quantitative Analysis of the Evolution of the U.S. Wage Distribution: 1970-2000

w13092 Guido Lorenzoni
Karl Walentin

Financial Frictions, Investment and Tobin's q

w13085 Nicholas Bloom
Raffaella Sadun
John Van Reenen

Americans Do I.T. Better: US Multinationals and the Productivity Miracle

w13077 Ricardo J. Caballero
Guido Lorenzoni

Persistent Appreciations and Overshooting: A Normative Analysis

w13041 Christian Broda
David E. Weinstein

Product Creation and Destruction: Evidence and Price Implications

w13030 Bjoern Bruegemann
Giuseppe Moscarini

Rent Rigidity, Asymmetric Information, and Volatility Bounds in Labor Markets

w13024 Laura X. L. Liu
Toni Whited
Lu Zhang

Regularities

w13018 Diego Restuccia
Richard Rogerson

Policy Distortions and Aggregate Productivity with Heterogeneous Plants

w13017 Richard Rogerson
Johanna Wallenius

Micro and Macro Elasticities in a Life Cycle Model With Taxes

w13007 Lei Fang
Richard Rogerson

Policy Analysis in a Matching Model with Intensive and Extensive Margins

w12999 John A. List
Haiwen Zhou

Internal Increasing Returns to Scale and Economic Growth

t0336 John A. List
Haiwen Zhou

Internal Increasing Returns to Scale and Economic Growth

w12994 Orazio Attanasio
Nicola Pavoni

Risk Sharing in Private Information Models with Asset Accumulation: Explaining the Excess Smoothness of Consumption

w12986 Joao F. Gomes
Leonid Kogan
Motohiro Yogo

Durability of Output and Expected Stock Returns

w12958 Alan L. Gustman
Thomas Steinmeier

Projecting Behavioral Responses to the Next Generation of Retirement Policies

w12957 Monika Piazzesi
Martin Schneider

Inflation Illusion, Credit, and Asset Pricing

w12948 Lars Peter Hansen
Beliefs, Doubts and Learning: Valuing Economic Risk

w12909 Enrique G. Mendoza
Vincenzo Quadrini
Jose-Victor Rios-Rull

Financial Integration, Financial Deepness and Global Imbalances

w12891 Lei Fang
Richard Rogerson

Product Market Regulation and Market Work: A Benchmark Analysis

w12890 Richard Rogerson
Taxation and Market Work: Is Scandinavia an Outlier?

w12889 Richard Rogerson
Structural Transformation and the Deterioration of European Labor Market Outcomes

w12853 Michael W. Elsby
Ryan Michaels
Gary Solon

The Ins and Outs of Cyclical Unemployment

w12845 Aubhik Khan
Julia Thomas

Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics


2006
w12791 Fernando Alvarez
Marcelo Veracierto

Fixed-Term Employment Contracts in an Equilibrium Search Model

w12786 Lee Ohanian
Andrea Raffo
Richard Rogerson

Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004

w12763 Robert J. Barro
On the Welfare Costs of Consumption Uncertainty

w12755 Chong-En Bai
Chang-Tai Hsieh
Yingyi Qian

The Return to Capital in China

w12746 Christopher D. Carroll
Misuzu Otsuka
Jirka Slacalek

How Large Is the Housing Wealth Effect? A New Approach

w12723 Charles Yuji Horioka
Junmin Wan

The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data

orrc06-11 Alexander Ludwig
Dirk Kruger
Axel Boersch-Supan

Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations

w12634 Dirk Krueger
Hanno Lustig

When is Market Incompleteness Irrelevant for the Price of Aggregate Risk (and when is it not)?

w12611 Michael W. Elsby
Evaluating the Economic Significance of Downward Nominal Wage Rigidity

w12585 Annamaria Lusardi
Olivia S. Mitchell

Baby Boomer Retirement Security: the Roles of Planning, Financial Literacy, and Housing Wealth

w12575 Patrick J. Kehoe
How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach

w12569 David Joulfaian
Inheritance and Saving

w12554 Mariacristina De Nardi
Eric French
John Bailey Jones

Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles

w12550 Marco Cagetti
Mariacristina De Nardi

Wealth Inequality: Data and Models

w12546 James Feyrer
Bruce Sacerdote

Colonialism and Modern Income -- Islands as Natural Experiments

w12538 Stijn Van Nieuwerburgh
Pierre-Olivier Weill

Why Has House Price Dispersion Gone Up?

w12537 Nir Jaimovich
Sergio Rebelo

Can News About the Future Drive the Business Cycle?

w12514 Christopher House
Matthew D. Shapiro

Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation

w12498 Mark Gertler
Antonella Trigari

Unemployment Fluctuations With Staggered Nash Wage Bargaining

w12489 Craig Burnside
Martin Eichenbaum
Isaac Kleshchelski
Sergio Rebelo

The Returns to Currency Speculation

w12487 Urban Jermann
The Equity Premium Implied by Production

w12486 Laarni Bulan
Christopher J. Mayer
C. Tsuriel Somerville

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

w12482 Jaume Ventura
Fernando A. Broner

Globalization and Risk Sharing

w12476 Patrick Kehoe
Varadarajan V. Chari

Modern Macroeconomics in Practice: How Theory is Shaping Policy

w12470 Tommaso Monacelli
Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints

w12467 Raj Chetty
Adam Szeidl

Consumption Commitments and Risk Preferences

w12456 Orazio Attanasio
Margherita Borella

Stochastic Components of Individual Consumption: A Time Series Analysis of Grouped Data

w12453 Dirk Krueger
Alexander Ludwig

On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare

w12447 Gary V. Engelhardt
Anil Kumar

Employer Matching and 401(k) Saving: Evidence from the Health and Retirement Study

w12434 Rajnish Mehra
The Equity Premium in India

w12433 Rajnish Mehra
Recursive Competitive Equilibrium

w12421 Morten O. Ravn
The Consumption-Tightness Puzzle

w12419 Stefania Albanesi
Optimal Taxation of Entrepreneurial Capital with Private Information

w12415 Julio J. Rotemberg
Cyclical Wages in a Search-and-Bargaining Model with Large Firms

w12400 Alisdair McKay
Ricardo Reis

The Brevity and Violence of Contractions and Expansions

w12388 Kerwin Kofi Charles
Melvin Stephens
Jr.

The Level and Composition of Consumption Over the Business Cycle: The Role of "Quasi-Fixed" Expenditures

w12383 Nick Bloom
John Van Reenen
Stephen Bond

Uncertainty and Investment Dynamics

w12351 Charles Yuji Horioka
The Dissaving of the Aged Revisited: The Case of Japan

w12341 Gary D. Hansen
Selahattin Imrohoroglu

Consumption Over the Life Cycle: The Role of Annuities

w12336 Ruediger Bachmann
Ricardo J. Caballero
Eduardo M.R.A. Engel

Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model

w12330 Miki Kohara
Charles Yuji Horioka

Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan

w12293 Andrew B. Bernard
Stephen J. Redding
Peter K. Schott

Multi-Product Firms and Product Switching

w12288 Malcolm Baker
Stefan Nagel
Jeffrey Wurgler

The Effect of Dividends on Consumption

w12275 Philippe Aghion
Diego Comin
Peter Howitt

When Does Domestic Saving Matter for Economic Growth?

w12265 Young Jun Chun
Population Aging, Fiscal Policies, and National Saving: Predictions for Korean Economy

w12264 Valerie A. Ramey
Neville Francis

A Century of Work and Leisure

w12142 Charles Yuji Horioka
The Causes of Japan's "Lost Decade": The Role of Household Consumption

w12140 Heinrich Hock
David N. Weil

The Dynamics of the Age Structure, Dependency, and Consumption

w12167 Steven J. Davis
R. Jason Faberman
John Haltiwanger

The Flow Approach to Labor Markets: New Data Sources and Micro-Macro Links

w12104 Chang-Tai Hsieh
Jonathan A. Parker

Taxes and Growth in a Financially Underdeveloped Country: Evidence from the Chilean Investment Boom

w12027 Philippe Aghion
Richard Blundell
Rachel Griffith
Peter Howitt
Susanne Prantl

The Effects of Entry on Incumbent Innovation and Productivity

w12014 Erica X. N. Li
Dmitry Livdan
Lu Zhang

Optimal Market Timing

w12009 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

The Importance of Default Options for Retirement Savings Outcomes: Evidence from the United States

w11979 James Choi
David Laibson
Brigitte Madrian

Reducing the Complexity Costs of 401(k) Participation Through Quick Enrollment(TM)

w11978 Joseph Engelberg
Charles F. Manski
Jared Williams

Comparing the Point Predictions and Subjective Probability Distributions of Professional Forecasters

w11954 Edward Miguel
Gerard Roland

The Long Run Impact of Bombing Vietnam

w11948 Carol A. Corrado
Charles R. Hulten
Daniel E. Sichel

Intangible Capital and Economic Growth

w11945 Jonathan Gruber
A Tax-Based Estimate of the Elasticity of Intertemporal Substitution


2005
w11888 Robert Shimer
Mismatch

w11870 Adam Copeland
George Hall

The Response of Prices, Sales, and Output to Temporary Changes in Demand

w11850 Axel Boersch-Supan
Alexander Ludwig
Joachim Winter

Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model

w11836 Chulhee Lee
Rising Family Income Inequality in the United States, 1968-2000: Impacts of Changing Labor Supply, Wages, and Family Structure

w11821 Paul R. Bergin
Giancarlo Corsetti

Towards a Theory of Firm Entry and Stabilization Policy

w11820 Ricardo Reis
Inattentive Producers

w11808 Leora Friedberg
Michael T. Owyang
Tara M. Sinclair

Searching for Better Prospects: Endogenizing Falling Job Tenure and Private Pension Coverage

w11800 Dale W. Jorgenson
Koji Nomura

The Industry Origins of Japanese Economic Growth

w11778 Robert J. Gordon
The 1920s and the 1990s in Mutual Reflection

w11777 Robert J. Gordon
What Caused the Decline in U.S. Business Cycle Volatility?

w11776 Robert J. Gordon
Todd vanGoethem

A Century of Housing Shelter Prices: Is There a Downward Bias in the CPI?

w11767 Wojciech Kopczuk
Joseph Lupton

To Leave or Not To Leave: The Distribution of Bequest Motives

w11750 Olivier Blanchard
European Unemployment: The Evolution of Facts and Ideas

w11749 Fumio Hayashi
Koji Nomura

Can IT be Japan's Savior?

w11735 David K. Musto
Nicholas S. Souleles

A Portfolio View of Consumer Credit

w11731 Erik Hurst
Arthur Kennickell
Annamaria Lusardi
Francisco Torralba

Precautionary Savings and the Importance of Business Owners

w11694 Neville Francis
Valerie A. Ramey

Measures of Per Capita Hours and their Implications for the Technology-Hours Debate

w11692 Dale T. Mortensen
Eva Nagypal

More on Unemployment and Vacancy Fluctuations

w11684 Robert E. Hall
The Labor Market and Macro Volatility: A Nonstationary General-Equilibrium Analysis

w11678 Robert E. Hall
Job Loss, Job Finding, and Unemployment in the U.S. Economy Over the Past Fifty Years

w11668 Hans Fehr
Sabine Jokisch
Laurence J. Kotlikoff

Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China

w11658 Adriana Kugler
Giovanni Pica

Effects of Employment Protection on Worker and Job Flows: Evidence from the 1990 Italian Reform

w11656 Marcela Eslava
John Haltiwanger
Adriana Kugler
Maurice Kugler

Factor Adjustments After Deregulation: Panel Evidence from Colombian Plants

orrc05-04 Axel Boersch-Supan
Alexander Ludwig
Joachim Winter

Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model

w11629 Jeremy Greenwood
Guillaume Vandenbroucke

Hours Worked: Long-Run Trends

w11601 Mark Aguiar
Erik Hurst

Lifecycle Prices and Production

w11596 Valerie A. Ramey
Daniel J. Vine

Declining Volatility in the U.S. Automobile Industry

w11593 Francesco Giavazzi
Tullio Jappelli
Marco Pagano
Marina Benedetti

Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence

w11588 Stephen H. Shore
Todd Sinai

Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?

w11560 Midori Wakabayashi
Charles Yuji Horioka

Borrowing Constraints and Consumption Behavior in Japan

w11555 Lucia Foster
John Haltiwanger
Chad Syverson

Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?

w11551 Francesco Caselli
James Feyrer

The Marginal Product of Capital

w11546 Rasmus Lentz
Dale T. Mortensen

An Empirical Model of Growth Through Product Innovation

w11519 César Alonso-Borrego
Jesús Fernández-Villaverde
José E. Galdón-Sánchez

Evaluating Labor Market Reforms: A General Equilibrium Approach

w11476 Lars Peter Hansen
John Heaton
Nan Li

Consumption Strikes Back?: Measuring Long-Run Risk

w11459 Evgeny Lyandres
Le Sun
Lu Zhang

Investment-Based Underperformance Following Seasoned Equity Offerings

t0309 Christopher D. Carroll
The Method of Endogenous Gridpoints for Solving Dynamic Stochastic Optimization Problems

w11349 Philippe Aghion
George-Marios Angeletos
Abhijit Banerjee
Kalina Manova

Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment

w11338 David G. Blanchflower
Andrew J. Oswald

The Wage Curve Reloaded

w11322 Lu Zhang
Anomalies

w11297 Ricardo Reis
The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuation

w11293 Ricardo Caballero
Stavros Panageas

A Quantitative Model of Sudden Stops and External Liquidity Management

w11261 Esteban Rossi-Hansberg
Mark L.J. Wright

Firm Size Dynamics in the Aggregate Economy

w11257 Adam Copeland
Wendy Dunn
George Hall

Prices, Production and Inventories over the Automotive Model Year

w11255 Tom Krebs
Pravin Krishna
William Maloney

Trade Policy, Income Risk, and Welfare

w11247 Luca Benzoni
Pierre Collin-Dufresne
Robert S. Goldstein

Portfolio Choice over the Life-Cycle in the Presence of 'Trickle Down' Labor Income

w11245 Robert E. Hall
Paul R. Milgrom

The Limited Influence of Unemployment on the Wage Bargain

w11186 Robert E. Hall
The Amplification of Unemployment Fluctuations through Self-Selection

w11183 Robert E. Hall
Employment Efficiency and Sticky Wages: Evidence from Flows in the Labor Market

w11163 John Laitner
Dan Silverman

Estimating Life-Cycle Parameters from Consumption Behavior at Retirement

w11122 George M. Constantinides
John B. Donaldson
Rajnish Mehra

Junior is Rich: Bequests as Consumption

w11107 John R. Baldwin
Tarek Harchaoui

The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead

w11106 Karen Wilson
The Architecture of the System of National Accounts: A Three Country Comparison, Canada, Australia, and United Kingdom

w11079 Rob Alessie
Agar Brugiavini
Guglielmo Weber

Saving and Cohabitation: The Economic Consequences of Living with One's Parents in Italy and the Netherlands

w11074 Gabriel D. Carroll
James J. Choi
David Laibson
Brigitte Madrian
Andrew Metrick

Optimal Defaults and Active Decisions

w11050 Claudio Michelacci
Vincenzo Quadrini

Financial Markets and Wages


2004
w11016 George-Marios Angeletos
Laurent-Emmanuel Calvet

Incomplete Market Dynamics in a Neoclassical Production Economy

w10970 Raj Chetty
Adam Szeidl

Consumption Commitments and Habit Formation

w10909 Nobuhiro Kiyotaki
Kenneth D. West

Land Prices and Business Fixed Investments in Japan

w10905 Alan L. Gustman
Thomas L. Steinmeier

The social Security Retirement Earnings Test, Retirement and Benefit Claiming

w10888 Arthur Kennickell
Annamaria Lusardi

Disentangling the Importance of the Precautionary Saving Mode

w10883 Ricardo Reis
Inattentive Consumers

w10876 Alan L. Gustman
Thomas L. Steinmeier

Minimum Hours Constraints, Job Requirements and Retirement

w10867 Christopher Carroll
Theoretical Foundations of Buffer Stock Saving

w10860 Kevin Milligan
Life-Cycle Asset Accumulation and Allocation in Canada

w10828 Francesco Caselli
Accounting for Cross-Country Income Differences

w10786 Ricardo J. Caballero
Stavros Panageas

Contingent Reserves Management: An Applied Framework

w10784 David S. Johnson
Jonathan A. Parker
Nicholas S. Souleles

Household Expenditure and the Income Tax Rebates of 2001

w10744 Ricardo J. Caballero
Kevin N. Cowan
Eduardo M.R.A. Engel
Alejandro Micco

Effective Labor Regulation and Microeconomic Flexibility

w10735 Jorn-Steffen Pischke
Labor Market Institutions, Wages, and Investment

w10732 Simon Gilchrist
John C. Williams

Transition Dynamics in Vintage Capital Models: Explaining the Postwar Catch-Up of Germany and Japan

w10703 Valerie A. Ramey
Daniel J. Vine

Why Do Real and Nominal Inventory-Sales Ratios Have Different Trends

w10655 Richard Rogerson
Robert Shimer
Randall Wright

Search-Theoretic Models of the Labor Market-A Survey

w10652 Aubhik Khan
Julia K. Thomas

Modeling Inventories Over the Business Cycle

w10631 Neville Francis
Valerie A. Ramey

The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions

w10611 Jacob L. Vigdor
Liquidity Constraints and Housing Prices: Theory and Evidence from the VA Mortgage

w10592 Susanto Basu
John Fernald
Miles Kimball

Are Technology Improvements Contractionary?

w10590 Olivier Blanchard
Thomas Philippon

The Quality of Labor Relations and Unemployment

w10563 Christopher Polk
Paola Sapienza

The Real Effects of Investor Sentiment

w10537 Simon Gilchrist
Charles P. Himmelberg
Gur Huberman

Do Stock Price Bubbles Influence Corporate Investment?

w10523 Sangeeta Pratap
Carlos Urrutia

Firm Dynamics, Investment, and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994

w10505 Hanno Lustig
Stijn Van Nieuwerburgh

How Much Does Household Collateral Constrain Regional Risk Sharing?

w10487 Erik Hurst
James P. Ziliak

Do Welfare Asset Limits Affect Household Saving? Evidence from Welfare Reform

w10485 Steven N. Durlauf
Marcel Fafchamps

Social Capital

w10458 Marjorie Flavin
Shinobu Nakagawa

A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence

w10454 James J. Choi
David Laibson
Brigitte C. Madrian
Andrew Metrick

Consumption-Wealth Comovement of the Wrong Sign

w10446 Simon Gilchrist
John C. Williams

Investment, Capacity, and Uncertainty: A Putty-Clay Approach

w10398 Ricardo J. Caballlero
Eduardo Engel
Alejandro Micco

Microeconomic Flexibility in Latin America

w10384 Valerie A. Ramey
Daniel J. Vine

Tracking the Source of the Decline in GDP Volatility: An Analysis of the Automobile Industry

w10368 Ricardo J. Caballero
Eduardo M.R.A. Engel

Three Strikes and You're Out: Reply to Cooper and Willis

w10338 Orazio Attanasio
Erich Battistin
Hidehiko Ichimura

What Really Happened to Consumption Inequality in the US?

w10326 Robert Shimer
The Consequences of Rigid Wages in Search Models

w10307 Mark Aguiar
Erik Hurst

Consumption vs. Expenditure

w10297 Russel W. Cooper
John C. Haltiwanger
Jonathan Willis

Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications

w10293 Aaron Tornell
Frank Westermann
Lorenza Martinez

The Positive Link Between Financial Liberalization, Growth and Crises

w10289 Aaron Tornell
Frank Westermann
Lorenza Martinez

NAFTA and Mexico's Less-Than-Stellar Performance

w10282 Erik Hurst
Paul Willen

Social Security and Unsecured Debt

w10262 Casey B. Mulligan
What do Aggregate Consumption Euler Equations Say about the Capital Income Tax Burden?

w10260 John Karl Scholz
Ananth Seshadri
Surachai Khitatrakun

Are Americans Saving "Optimally" for Retirement?

w10254 Lawrence J. Christiano
Martin Eichenbaum
Robert Vigfusson

The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology

w10228 James J. Choi
David Laibson
Brigitte Madrian
Andrew Metrick

Employees' Investment Decisions about Company Stock

w10216 John Ameriks
Andrew Caplin
John Leahy

The Absent-Minded Consumer

w10211 Raj Chetty
Consumption Commitments, Unemployment Durations, and Local Risk Aversion

w10210 Casey B. Mulligan
Robust Aggregate Implications of Stochastic Discount Factor Volatility

w10201 Jeffrey R. Campbell
Zvi Hercowitz

The Dynamics of Work and Debt


2003
w10150 Robert E. Hall
Corporate Earnings Track the Competitive Benchmark

w10135 Dirk Krueger
Harald Uhlig

Competitive Risk Sharing Contracts with One-Sided Commitment

w10099 Andrew B. Abel
Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption

w10098 Erik Hurst
Grasshoppers, Ants, and Pre-Retirement Wealth: A Test of Permanent Income

w10078 Aubhik Khan
Julia Thomas

Inventories and the Business Cycle: An Equilibrium Analysis of (S,s) Policies

w10010 Susanto Basu
John G. Fernald
Nicholas Oulton
Sylaja Srinivasan

The Case of the Missing Productivity Growth: Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?

w10006 Russell W. Cooper
Jonathan Willis

The Cost of Labor Adjustment: Inferences from the Gap

w9985 Ignazio Angeloni
Anil K. Kashyap
Benoit Mojon
Daniele Terlizzese

The Output Composition Puzzle: A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S.

w9984 Ignazio Angeloni
Anil K. Kashyap
Benoit Mojon
Daniele Terlizzese

Monetary Transmission in the Euro Area: Does the Interest Rate Channel Explain it All?

w9967 Robert E. Hall
Wage Determination and Employment Fluctuations

w9946 Robert G. King
Julia K. Thomas

Partial Adjustment without Apology

w9928 Francesco Caselli
Daniel Wilson

Importing Technology

w9924 Jason G. Cummins
A New Approach to the Valuation of Intangible Capital

w9916 Casey B. Mulligan
Capital Tax Incidence: Fisherian Impressions from the Time Series

w9850 Claudio Montenegro
Carmen Pages

Who Benefits from Labor Market Regulations? Chile 1960-1998

w9848 Martin Lettau
Sydney Ludvigson

Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption

w9832 Robert Barsky
Christopher L. House
Miles Kimball

Do Flexible Durable Goods Prices Undermine Sticky Price Models?

w9778 Ricardo J. Caballero
Stavros Panageas

Hedging Sudden Stops and Precautionary Contractions

t0290 Kent Smetters
The (Interesting) Dynamic Properties of the Neoclassical Growth Model with CES Production

w9525 Rajnish Mehra
Edward C. Prescott

The Equity Premium in Retrospect

w9462 Todd Sinai
Nicholas S. Souleles

Owner-Occupied Housing as a Hedge Against Rent Risk

w9444 Albert Ando
Dimitrios Christelis
Tsutomu Miyagawa

Inefficiency of Corporate Investment and Distortion of Savings Behavior in Japan

w9442 Francesco Caselli
Nicola Gennaioli

Dynastic Management

w9425 David H. Autor
John J. Donohue III
Stewart J. Schwab

The Costs of Wrongful-Discharge Laws


2002
w9374 Casey B. Mulligan
Capital Tax Incidence: First Impressions from the Time Series

w9373 Casey B. Mulligan
Capital, Interest, and Aggregate Intertemporal Substitution

w9356 Melvin Stephens Jr.
Paycheck Receipt and the Timing of Consumption

w9308 Matthew D. Shapiro
Joel Slemrod

Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys

w9210 Andrew B. Abel
The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security

w9202 Dirk Krueger
Fabrizio Perri

Does Income Inequality Lead to Consumption Inequality? Evidence and Theory

w9196 Jonathan Parker
Bruce Preston

Precautionary Saving and Consumption Fluctuations

w9142 Michael Hurd
James P. Smith

Expected Bequests and Their Distribution

w9135 Melvin Stephens Jr.
'3rd of tha Month': Do Social Security Recipients Smooth Consumption Between Checks?

w9077 Patrick J. Kehoe
Fabrizio Perri

Competitive Equilibria With Limited Enforcement

w9034 Urban Jermann
Vincenzo Quadrini

Stock Market Boom and the Productivity Gains of the 1990s

w8940 Laurence Ball
N. Gregory Mankiw

The NAIRU in Theory and Practice

w8920 John Ameriks
Andrew Caplin
John Leahy

Wealth Accumulation and the Propensity to Plan

w8908 Anusha Chari
Peter Blair Henry

Capital Account Liberalization: Allocative Efficiency or Animal Spirits?

w8906 George M. Constantinides
John B. Donaldson
Rajnish Mehra

Junior Must Pay: Pricing the Implicit Put in Privatizing Social Security

w8896 Annette Vissing-Jorgensen
Limited Asset Market Participation and the Elasticity of Intertemporal Substitution

w8826 George M. Constantinides
Rational Asset Prices

w8808 David E. Bloom
David Canning
Bryan Graham

Longevity and Life Cycle Savings

w8750 Malcolm Baker
Jeremy C. Stein
Jeffrey Wurgler

When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

w8742 Sebnem Kalemli-Ozcan
David N. Weil

Mortality Change, the Uncertainty Effect, and Retirement

w8735 John Ameriks
Andrew Caplin
John Leahy

Retirement Consumption: Insights from a Survey

w8722 Andrew Atkeson
Patrick J. Kehoe

Measuring Organization Capital


2001
w8672 Matthew D. Shapiro
Joel Slemrod

Consumer Response to Tax Rebates

w8649 Andrew B. Abel
On the Invariance of the Rate of Return to Convex Adjustment Costs

w8635 Andrew B. Abel
On the Invariance of the Rate of Return to Convex Adjustment Costs

w8606 Karl E. Case
Robert J. Shiller
John M. Quigley

Comparing Wealth Effects: The Stock Market Versus the Housing Market

w8545 Michael D. Bordo
Harold James

The Adam Klug Memorial Lecture: Haberler versus Nurkse: The Case for Floating Exchange Rates as an Alternative to Bretton Woods?

w8527 Russell W. Cooper
Jonathan L. Willis

The Economics of Labor Adjustment: Mind the Gap

w8525 Thomas N. Hubbard
Information, Decisions, and Productivity: On-Board Computers and Capacity Utilization in Trucking

w8501 Robert Shimer
The Assignment of Workers to Jobs In an Economy with Coordination Frictions

w8466 Robert Barsky
John Bound
Kerwin Charles
Joseph Lupton

Accounting for the Black-White Wealth Gap: A Nonparametric Approach

w8463 Wouter Den Haan
Christian Haefke
Garey Ramey

Shocks and Institutions in a Job Matching Model

w8417 Yacine Ait-Sahalia
Jonathan A. Parker
Motohiro Yogo

Luxury Goods and the Equity Premium

w8412 James R. Hines Jr.
Hilary W. Hoynes
Alan B. Krueger

Another Look at Whether a Rising Tide Lifts All Boats

w8410 Nicholas S. Souleles
Consumer Sentiment: Its Rationality and Usefulness in Forecasting Expenditure - Evidence from the Michigan Micro Data

w8409 David B. Gross
Nicholas S. Souleles

An Empirical Analysis of Personal Bankruptcy and Delinquency

w8359 Susanto Basu
John G. Fernald
Matthew D. Shapiro

Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?

w8314 David B. Gross
Nicholas S. Souleles

Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data

w8287 Daron Acemoglu
Directed Technical Change

w8257 Michael Kremer
Benjamin A. Olken

A Biological Model of Unions

w8243 Martin N. Baily
Robert Lawrence

Do We Have A New E-Conomy?

w8237 Annamaria Lusardi
Jonathan Skinner
Steven Venti

Saving Puzzles and Saving Policies in the United States

w8182 Russell Cooper
Joao Ejarque

Exhuming Q: Market Power vs. Capital Market Imperfections

w8120 Olivier Blanchard
Francesco Giavazzi

Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets

w8107 Pierre-Olivier Gourinchas
Jonathan A. Parker

The Empirical Importance of Precautionary Saving


2000
w8038 Benoit Mulkay
Bronwyn H. Hall
Jacques Mairesse

Firm Level Investment and R&D in France and the United States: A Comparison

w8030 Christopher L. House
John V. Leahy

An sS Model with Adverse Selection

w8022 Rodolfo E. Manuelli
Technological Change, the Labor Market and the Stock Market

w7995 Kjetil Storesletten
Chris I. Telmer
Amir Yaron

Consumption and Risk Sharing Over the Life Cycle

w7991 James M. Poterba
John B. Shoven
Clemens Sialm

Asset Location for Retirement Savers

w7938 Daron Acemoglu
Credit Market Imperfections and Persistent Unemployment

w7906 Karen E. Dynan
Jonathan Skinner
Stephen P. Zeldes

Do the Rich Save More?

w7894 William M. Gentry
R. Glenn Hubbard

Entrepreneurship and Household Saving

w7879 David Laibson
Andrea Repetto
Jeremy Tobacman

A Debt Puzzle

w7727 Nathaniel O. Keohane
Benjamin Van Roy
Richard J. Zeckhauser

Controlling Stocks and Flows to Promote Quality: The Environment, With Applications to Physical and Human Capital

w7682 Brigitte C. Madrian
Dennis F. Shea

The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior

t0253 Orazio P. Attanasio
Hamish Low

Estimating Euler Equations

w7672 John V. Leahy
Joseph Zeira

The Timing of Purchases and Aggregate Fluctuations

w7661 Robert J. Hodrick
Xiaoyan Zhang

Evaluating the Specification Errors of Asset Pricing Models

w7594 Marianne Bertrand
Douglas Miller
Sendhil Mullainathan

Public Policy and Extended Families: Evidence from South Africa

w7591 Alan B. Krueger
Mikael Lindahl

Education for Growth: Why and For Whom?

w7474 Richard B. Freeman
Ronald Schettkat

The Role of Wage and Skill Differences in US-German Employment Differences

w7460 Francesco Giavazzi
Tullio Jappelli
Marco Pagano

Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries


1999
w7437 Jacques Mairesse
Bronwyn H. Hall
Benoit Mulkay

Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years

w7368 Alan L. Gustman
Thomas L. Steinmeier

What People Don't Know About Their Pensions and Social Security: An Analysis Using Linked Data from the Health and Retirement Study

w7355 Ricardo J. Caballero
Mohamad L. Hammour

The Cost of Recessions Revisited: A Reverse-Liquidationist View

w7352 Daron Acemoglu
Robert Shimer

Productivity Gains from Unemployment Insurance

w7351 Taizo Motonishi
Hirshi Yoshikawa

Causes of the Long Stagnation of Japan During the 1990s: Financial or Real?

w7320 Alan L. Gustman
Thomas L. Steinmeier

Pensions and Retiree Health Benefits in Household Wealth: Changes from 1969 to 1992

w7306 Robert Shimer
The Impact of Young Workers on the Aggregate Labor Market

w7282 Olivier Blanchard
Justin Wolfers

The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence

w7252 Katsunori Watanabe
Takayuki Watanabe
Tsutomu Watanabe

Tax Policy and Consumer Spending: Evidence from Japanese Fiscal Experiments

w7238 Jonathan A. Parker
Spendthrift in America? On Two Decades of Decline in the U.S. Saving Rate

w7236 Joseph G. Altonji
Paul J. Devereux

The Extent and Consequences of Downward Nominal Wage Rigidity

w6564 Robert E. Hall
Charles I. Jones

Why Do Some Countries Produce So Much More Output per Worker than Others?

w7145 William J. Collins
Jeffrey G. Williamson

Capital Goods Prices, Global Capital Markets and Accumulation: 1870-1950

w7048 Michael D. Hurd
Mortality Risk and Consumption by Couples

w7027 Lawrence J. Christiano
Robert J. Vigfusson

Maximum Likelihood in the Frequency Domain: A Time to Build Example

w7025 Robert E. Hall
The Concentration of Job Destruction

w6987 Andrew Caplin
John Leahy

Durable Goods Cycles

w6973 Owen Lamont
Investment Plans and Stock Returns

w6972 Wouter J. den Haan
Garey Ramey
Joel Watson

Contract-Theoretic Approaches to Wages and Displacement

h0116 William J. Collins
Jeffrey G. Williamson

Capital Goods Prices, Global Capital Markets and Accumulation, 1870-1950

w6912 Robert E. Hall
Aggregate Job Destruction and Inventory Liquidation


1998
w6812 Simon Gilchrist
John C. Williams

Putty-Clay and Investment: A Business Cycle Analysis

w6809 Jeffrey R. Campbell
Jonas D.M. Fisher

Organizational Flexibility and Employment Dynamics at Young and Old Plants

w6775 Valerie A. Ramey
Matthew D. Shapiro

Displaced Capital

w6754 John B. Taylor
Staggered Price and Wage Setting in Macroeconomics

w6717 Ricardo J. Caballero
Mohamad L. Hammour

Improper Churn: Social Costs and Macroeconomic Consequences

w6658 Daron Acemoglu
Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence

w6652 Simon Gilchrist
Charles Himmelberg

Investment, Fundamentals and Finance

w6640 Andrew A. Samwick
Tax Reform and Target Savings

w6611 Fernando Restoy
Philippe Weil

Approximate Equilibrium Asset Prices

w6585 Casey B. Mulligan
Substitution over Time: Another Look at Life Cycle Labor Supply

w6567 Orazio Attanasio
James Banks
Sarah Tanner

Asset Holding and Consumption Volatility

w6566 Olivier Blanchard
Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices

w6560 Orazio P. Attanasio
Tullio Jappelli

Intertemporal Choice and the Cross-Sectional Variance of Marginal Utility

w6501 Robert E. Hall
Labor-Market Frictions and Employment Fluctuations

w6466 Orazio P. Attanasio
Consumption Demand

w6445 Julio J. Rotemberg
Cyclical Movements in Wages and Consumption in a Bargaining Model of Unemployment

w6420 Ricardo J. Caballero
Eduardo M.R.A. Engel

Nonlinear Aggregate Investment Dynamics: Theory and Evidence

w6404 Milka S. Kirova
Robert S. Lipsey

Measuring Real Investment: Trends in the United States and International Comparisons

w6389 Marjorie Flavin
Takashi Yamashita

Owner-Occupied Housing and the Composition of the Household Portfolio Over the Life-Cycle

w6373 Avinash K. Dixit
Robert S. Pindyck

Expandability, Reversibility, and Optimal Capacity Choice

w6372 Adriana Arreaza
Bent E. Sorensen
Oved Yosha

Consumption Smoothing through Fiscal Policy in OECD and EU Countries


1997
w6342 Austan Goolsbee
David B. Gross

Estimating Adjustment Costs with Data on Heterogeneous Capital Goods

w6317 Robert J. Barro
Myopia and Inconsistency in the Neoclassical Growth Model

w6315 Valerie A. Ramey
Kenneth D. West

Inventories

w6275 Wouter J. den Haan
Garey Ramey
Joel Watson

Job Destruction and Propagation of Shocks

w6267 Dan Ben-David
Convergence Clubs and Subsistence Economies

w6264 Ricardo J. Caballero
Aggregate Investment

w6227 B. Douglas Bernheim
Jonathan Skinner
Steven Weinberg

What Accounts for the Variation in Retirement Wealth Among U.S. Households?

w6221 Ricardo J. Caballero
Mohamad L. Hammour

Jobless Growth: Appropriability, Factor Substitution, and Unemployment

w6219 Andrew A. Samwick
Discount Rate Heterogeneity and Social Security Reform

w6188 Michael Woodford
Doing Without Money: Controlling Inflation in a Post-Monetary World

w6185 James M. Poterba
Andrew A. Samwick

Household Portfolio Allocation Over the Life Cycle

w6172 Fumio Hayashi
The Main Bank System and Corporate Investment: An Empirical Reassessment

w6149 Martin Feldstein
Transition to a Fully Funded Pension System: Five Economic Issues

w6148 Andrew B. Abel
Janice C. Eberly

The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment

w6138 Christopher D. Carroll
Jody Overland
David N. Weil

Comparison Utility in a Growth Model

w6133 Donald R. Davis
Trevor A. Reeve

Human Capital, Unemployment, and Relative Wages in a Global Economy

w6085 B. Douglas Bernheim
Daniel M. Garrett
Dean M. Maki

Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates

w6074 Gilbert E. Metcalf
Kevin A. Hassett

Measuring the Energy Savings from Home Improvement Investments: Evidence from Monthly Billing Data

w6055 Martin Feldstein
Andrew Samwick

The Economics of Prefunding Social Security and Medicare Benefits

w5996 R. Glenn Hubbard
Capital-Market Imperfections and Investment

w5951 Patrick K. Asea
S. Brock Blomberg

Lending Cycles

w5922 Joao Gomes
Jeremy Greenwood
Sergio Rebelo

Equilibrium Unemployment


1996
w5861 Simon Burgess
Michael M. Knetter

An International Comparison of Employment Adjustment to Exchange Rate Fluctuations

w5841 Joshua Aizenman
Nancy P. Marion

Volatility and the Investment Response

w5822 Olivier Blanchard
Lawrence F. Katz

What We Know and Do Not Know About the Natural Rate of Unemployment

w5812 Robert E. Hall
Charles I. Jones

The Productivity of Nations

w5799 Malcolm Edey
John Simon

Australia's Retirement Income System: Implications for Saving and Capital Markets

w5792 Wouter J. Den Haan
Understanding Equilibrium Models with a Small and a Large Number of Agents

w5788 Christopher D. Carroll
Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis

w5759 Eric M. Engen
William G. Gale
John Karl Scholz

The Effects of Tax-Based Saving Incentives On Saving and Wealth

w5721 Jordi Gali
Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations

w5691 Russell Cooper
Alok Johri

Dynamic Complementarities: A Quantitative Analysis

w5686 R. Glenn Hubbard
Jonathan S. Skinner

Assessing the Effectiveness of Saving Incentives

w5656 Timothy Dunne
John Haltiwanger
Kenneth R. Troske

Technology and Jobs: Secular Changes and Cyclical Dynamics

w5635 David I. Laibson
Hyperbolic Discount Functions, Undersaving, and Savings Policy

w5629 Donald R. Haurin
Patric H. Hendershott
Susan M. Wachter

Expected Home Ownership and Real Wealth Accumulation of Youth

w5571 Jagadeesh Gokhale
Laurence J. Kotlikoff
John Sabelhaus

Understanding the Postwar Decline in U.S. Saving: A Cohort Analysis

w5508 Ricardo J. Caballero
John V. Leahy

Fixed Costs: The Demise of Marginal q


1995
w5363 Andrew B. Abel
Janice C. Eberly

The Effects of Irreversibility and Uncertainty on Capital Accumulation

w5357 Herschel I. Grossman
Minseong Kim

Predation and Accumulation

w5336 Susanto Basu
Procyclical Productivity: Increasing Returns or Cyclical Utilization?

w5310 Stephen G. Cecchetti
Anil K Kashyap

International Cycles

w5301 Christina Paxson
Saving and Growth: Evidence from Micro Data

w5282 Orazio P. Attanasio
Consumer Durables and Inertial Behavior: Estimation and Aggregation of (S,s) Rules

w5276 Alan M. Taylor
Growth and Convergence in the Asia-Pacific Region: On the Role of Openness, Trade and Migration

w5261 Albert Ando
Andrea Moro

Demographic Dynamics, Labor Force Participation and Household Asset Accumulation: Case of Japan

w5232 Jason G. Cummins
Kevin A. Hassett
R. Glenn Hubbard

Tax Reforms and Investment: A Cross-Country Comparison

w5194 Christopher D. Carroll
Andrew A. Samwick

How Important is Precautionary Saving?

w5193 Christopher D. Carroll
Andrew A. Samwick

The Nature of Precautionary Wealth

w5183 Gary V. Engelhardt
House Prices and Home Owner Saving Behavior

w5162 Randall W. Eberts
Edward Montgomery

Cyclical versus Secular Movements in Employment Creation and Destruction

w5126 Orazio P. Attanasio
Hilary W. Hoynes

Differential Mortality and Wealth Accumulation

w5097 Sebastian Edwards
Why are Saving Rates so Different Across Countries?: An International Comparative Analysis

w5089 Alan J. Auerbach
Jagadeesh Gokhale
Laurence J. Kotlikoff
John Sabelhaus
David N. Weil

The Annuitization of Americans' Resources: A Cohort Analysis

w5081 Robert J. Gordon
Is There a Tradeoff between Unemployment and Productivity Growth?

t0175 Gilbert E. Metcalf
Kevin A. Hassett

Investment Under Alternative Return Assumptions: Comparing Random Walks and Mean Reversion

w5042 Ricardo J. Caballero
Eduardo M.R.A. Engel
John Haltiwanger

Aggregate Employment Dynamics: Building From Microeconomic Evidence

w4986 John V. Leahy
Toni M. Whited

The Effect of Uncertainty on Investment: Some Stylized Facts

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


1994
w4889 Mark Hooker
Michael Knetter

Unemployment Effects of Military Spending: Evidence from a Panel of States

w4887 Ricardo J. Caballero
Eduardo M.R.A. Engel

Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach

w4859 Francis X. Diebold
David Neumark
Daniel Polsky

Job Stability in the United States

w4817 Susanto Basu
Intermediate Goods and Business Cycles: Implications for Productivity and Welfare

w4741 Martin Neil Baily
Eric J. Bartelsman
John Haltiwanger

Downsizing and Productivity Growth: Myth or Reality?

w4726 John Baldwin
Timothy Dunne
John Haltiwanger

A Comparison of Job Creation and Job Destruction in Canada and the United States

w4666 Hilary Williamson Hoynes
Daniel McFadden

The Impact of Demographics on Housing and Non-Housing Wealth in the United States


1993
w4569 Albert Ando
Luigi Guiso
Daniele Terlizzese

Dissaving by the Elderly, Transfer Motives and Liquidity Constraints

w4516 R. Glenn Hubbard
Jonathan Skinner
Stephen P. Zeldes

The Importance of Precautionary Motives in Explaining Individual and Aggregate Saving

w4487 Steven N. Durlauf
Louis J. Maccini

Measuring Noise in Inventory Models

w4472 Giuseppe Bertola
Ricardo J. Caballero

Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment

w4470 Christopher D. Carroll
David N. Weil

Saving and Growth: A Reinterpretation

w4454 Orazio P. Attanasio
A Cohort Analysis of Saving Behavior by U.S. Households

t0143 Kenneth D. West
Inventory Models

w4414 Edward B. Montgomery
Pattern in Regional Labor Market Adjustment: The United States vs. Japan

w4412 Andrew B. Abel
Janice C. Eberly

An Exact Soultion for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility

w4405 Alan J. Auerbach
Kevin A. Hassett
Stephen D. Oliner

Reassessing the Social Returns to Equipment Investment

t0139 Kenneth D. West
David W. Wilcox

Some Evidence on Finite Sample Behavior of an Instrumental Variables Estimator of the Linear Quadtratic Inventory Model

w4392 R. Glenn Hubbard
Anil K Kashyap
Toni M. Whited

Internal Finance and Firm Investment

w4391 James M. Poterba
Steven F. Venti
David A. Wise

Do 401(k) Contributions Crowd Out Other Persoanl Saving?

w4380 Robert S. Pindyck
Andres Solimano

Economic Instability and Aggregate Investment

w4344 Matthew D. Shapiro
Joel Slemrod

Consumer Response to the Timing of Income: Evidence from a Change in Tax Withholding

w4296 Andrew B. Abel
Janice C. Eberly

A Unified Model of Investment Under Uncertainty


1992
w4229 Daniel Feenberg
James Poterba

Income Inequality and the Incomes of Very High Income Taxpayers: Evidence from Tax Returns

w4182 Alan J. Auerbach
Laurence J. Kotlikoff
David N. Weil

The Increasing Annuitization of the Elderly- Estimates and Implications for Intergenerational Tranfers, Inequality, and National Saving

w4161 Frank R. Lichtenberg
R&D Investment and International Productivity Differences

w4160 Ricardo J. Caballero
Robert S. Pindyck

Uncertainty, Investment, and Industry Evolution

w4130 Mark Bils
Kenneth J. McLaughlin

Inter-Industry Mobility and the Cyclical Upgrading of Labor

w4128 Patric Hendershott
Edward J. Kane

Office Market Values During the Past Decade: How Distorted Have Appraisals Been?

w4105 Timothy F. Bresnahan
Valerie A. Ramey

Output Fluctuations at the Plant Level

w4090 Ricardo J. Caballero
Eduardo M.R.A. Engel

Microeconomic Adjustment Hazards and Aggregate Dynamics

w4035 Ricardo J. Caballero
Near-Rationality, Heterogeneity and Aggregate Consumption

w4031 Bruce Russett
Joel Slemrod

Diminished Expectations of Nuclear War and Increased Personal Savings: Evidence From Individual Survey Data

w4000 Olivier Jean Blanchard
Peter Diamond

The Flow Approach to Labor Markets

w3989 John Y. Campbell
Intertemporal Asset Pricing Without Consumption Data

w3976 Miles Kimball
Philippe Weil

Precautionary Saving and Consumption Smoothing Across Time and Possibilities


1991
w3938 Jonathan Skinner
Individual Retirement Accounts: A Review of the Evidence

w3937 Mark Schankerman
Revisions and Investment Plans and the Stock Market Rate of Return

w3922 Ricardo J. Caballero
Mohamad L. Hammour

The Cleansing Effect of Recessions

h0032 Alan M. Taylor
Jeffrey G. Williamson

Capital Flows to the New World as an Intergenerational Transfer

w3907 Eun Young Chah
Valerie A. Ramey
Ross M. Starr

Liquidity Constraints and Intertemporal Consumer Optimization: Theory and Evidence From Durable Goods

w3865 Giuseppe Bertola
Ricardo J. Caballero

Irreversibility and Aggregate Investment

w3854 Steven G. Allen
Changes in the Cyclical Sensitivity of Wages in the United States, 1891-1987

w3844 Giuseppe Bertola
Allan Drazen

Trigger Points and Budget Cuts: Explaining the Effects of Fiscal Austerity

w3802 Marjorie A. Flavin
The Joint Consumption/Asset Demand Decision: A Case Study in Robust Estimation

w3763 Kenneth D. West
Sources of Cycles in Japan, 1975-1987

w3762 Kenneth D. West
A Comparison of the Behavior of Japanese and U.S. Inventories

w3755 Garey Ramey
Valerie A. Ramey

Technology Commitment and the Cost of Economic Fluctuations

w3753 David Altig
Steve J. Davis

The Timing of Intergenerational Transfers, Tax Policy, and Aggregate Savings

w3752 Stephen G. Cecchetti
Pok-sang Lam
Nelson C. Clark

The Equity Premium and the Risk Free Rate: Matching the Moments

w3748 Ricardo J. Caballero
Durable Goods: An Explanation for Their Slow Adjustment

w3735 Ricardo J. Caballero
A Fallacy of Composition

w3734 Ricardo J. Caballero
Eduardo M.R.A. Engel

Dynamic (S,s) Economies

w3710 David Card
Do Minimum Wages Reduce Employment? A Case Study of California, 1987-89


Generated Sat Dec 27 00:00:17 2014

 
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