NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in Economic Fluctuations and Growth


2013
w19058 Mark L. Egan
Casey B. Mulligan
Tomas J. Philipson

Adjusting Measures of Economic Output for Health: Is the Business Cycle Countercyclical?

w19052 Diego A. Comin
Martí Mestieri

Technology Diffusion: Measurement, Causes and Consequences

w19047 Menzie D. Chinn
Laurent Ferrara
Valérie Mignon

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

w19037 Eugenio S. A. Bobenrieth
Juan R. A. Bobenrieth
Brian D. Wright

Bubble Troubles? Rational Storage, Mean Reversion and Runs in Commodity Prices.

w19035 Liran Einav
Jonathan D. Levin

The Data Revolution and Economic Analysis

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

w19022 Guillermo Ordonez
Sustainable Shadow Banking

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?

w19008 George J. Hall
Thomas J. Sargent

Fiscal Discriminations in Three Wars

w19000 Alisdair McKay
Ricardo Reis

The Role of Automatic Stabilizers in the U.S. Business Cycle

w18996 Berthold Herrendorf
Richard Rogerson
Ákos Valentinyi

Growth and Structural Transformation

w18992 Betsey Stevenson
Justin Wolfers

Subjective Well-Being and Income: Is There Any Evidence of Satiation?

w18990 Rüdiger Bachmann
Peter Zorn

What Drives Aggregate Investment?

w18989 Rüdiger Bachmann
Steffen Elstner

Firms’ Optimism and Pessimism

w18983 Martin M. Andreasen
Jesús Fernández-Villaverde
Juan Rubio-Ramírez

The Pruned State-Space System for Non-Linear DSGE Models: Theory and Empirical Applications

w18980 Elliot Anenberg
Patrick Bayer

Endogenous Sources of Volatility in Housing Markets: The Joint Buyer-Seller Problem

w18979 Fatih Guvenen
Michelle Rendall

Women's Emancipation Through Education: A Macroeconomic Analysis

w18978 Francesco Caselli
Massimo Morelli
Dominic Rohner

The Geography of Inter-State Resource Wars

w18959 Garth Heutel
Christopher J. Ruhm

Air Pollution and Procyclical Mortality

w18956 Jonathan Heathcote
Fabrizio Perri

Assessing International Efficiency

w18954 S. Boraǧan Aruoba
Francis X. Diebold
Jeremy Nalewaik
Frank Schorfheide
Dongho Song

Improving GDP Measurement: A Measurement-Error Perspective

w18953 Jeremy Greenwood
Philipp Kircher
Cezar Santos
Michèle Tertilt

An Equilibrium Model of the African HIV/AIDS Epidemic

w18951 Christopher R. Knittel
Robert S. Pindyck

The Simple Economics of Commodity Price Speculation

w18949 Kerwin Kofi Charles
Erik Hurst
Matthew J. Notowidigdo

Manufacturing Decline, Housing Booms, and Non-Employment

w18946 Martin Čihák
Asli Demirgüč-Kunt
Erik Feyen
Ross Levine

Financial Development in 205 Economies, 1960 to 2010

w18944 John H. Cochrane
Finance: Function Matters, not Size.

w18941 Alejandro Justiniano
Giorgio E. Primiceri
Andrea Tambalotti

Household Leveraging and Deleveraging

w18937 Nicola Gennaioli
Rafael La Porta
Florencio Lopez de Silanes
Andrei Shleifer

Growth in Regions

w18930 Gerald Carlino
Robert P. Inman

Local Deficits and Local Jobs: Can U.S. States Stabilize Their Own Economies?

w18928 David Neumark
Diego Grijalva

The Employment Effects of State Hiring Credits During and After the Great Recession

w18912 Andrew G. Atkeson
Andrea L. Eisfeldt
Pierre-Olivier Weill

The Market for OTC Derivatives

w18901 Paul Beaudry
David A. Green
Benjamin M. Sand

The Great Reversal in the Demand for Skill and Cognitive Tasks

w18899 Jesus Fernandez-Villaverde
Luis Garicano
Tano Santos

Political Credit Cycles: The Case of the Euro Zone

w18890 Mary Amiti
David E. Weinstein

How Much do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data

w18883 Marianne Bertrand
Adair Morse

Trickle-Down Consumption

w18878 Jess Benhabib
Pengfei Wang
Yi Wen

Uncertainty and Sentiment-Driven Equilibria

w18877 Eric M. Leeper
Fiscal Limits and Monetary Policy

w18870 Ulrich Mueller
Mark W. Watson

Measuring Uncertainty about Long-Run Prediction

w18868 Manuel Adelino
Antoinette Schoar
Felipe Severino

House Prices, Collateral and Self-Employment

w18864 Marco Bassetto
Christopher Phelan

Speculative Runs on Interest Rate Pegs

w18862 Michael Kremer
Christopher M. Snyder

When Is Prevention More Profitable than Cure? The Impact of Time-Varying Consumer Heterogeneity

w18860 Yuriy Gorodnichenko
Michael Weber

Are Sticky Prices Costly? Evidence From The Stock Market

w18855 Michael Tomz
Mark L. J. Wright

Empirical Research on Sovereign Debt and Default

w18854 Philippe Aghion
Peter Howitt
Susanne Prantl

Patent Rights, Product Market Reforms, and Innovation

w18829 Ariel Burstein
Gita Gopinath

International Prices and Exchange Rates

w18826 Pascal Michaillat
Emmanuel Saez

A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters

w18825 Edward L. Glaeser
A Nation Of Gamblers: Real Estate Speculation And American History

w18824 Philippe Aghion
Ufuk Akcigit
Peter Howitt

What Do We Learn From Schumpeterian Growth Theory?

w18823 Harold L. Cole
Lee E. Ohanian

The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression

w18821 Matthew Chambers
Carlos Garriga
Donald E. Schlagenhauf

Did Housing Policies Cause the Postwar Boom in Homeownership?

w18808 Wolfgang Keller
Carol H. Shiue

The Link Between Fundamentals and Proximate Factors in Development

w18806 Jordi Galí
Monetary Policy and Rational Asset Price Bubbles

w18800 George-Marios Angeletos
Fabrice Collard
Harris Dellas
Behzad Diba

Optimal Public Debt Management and Liquidity Provision

w18797 Robert E. Hall
Fiscal Stability of High-Debt Nations under Volatile Economic Conditions

w18794 Garth Heutel
Carolyn Fischer

Environmental Macroeconomics: Environmental Policy, Business Cycles, and Directed Technical Change

w18792 Emmanuel Farhi
Iván Werning

Estate Taxation with Altruism Heterogeneity

w18782 Brant Abbott
Giovanni Gallipoli
Costas Meghir
Giovanni L. Violante

Education Policy and Intergenerational Transfers in Equilibrium

w18779 Olivier J. Blanchard
Daniel Leigh

Growth Forecast Errors and Fiscal Multipliers

w18777 Greg Kaplan
Guido Menzio

Shopping Externalities and Self-Fulfilling Unemployment Fluctuations

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

w18769 Michael T. Owyang
Valerie A. Ramey
Sarah Zubairy

Are Government Spending Multipliers Greater During Periods of Slack? Evidence from 20th Century Historical Data

w18766 Jaromir Nosal
Guillermo Ordoñez

Uncertainty as Commitment

w18765 Quamrul Ashraf
Stelios Michalopoulos

Climatic Fluctuations and the Diffusion of Agriculture

w18761 Peter A. Diamond
Cyclical Unemployment, Structural Unemployment

w18760 Ellen R. McGrattan
Edward C. Prescott

On Financing Retirement with an Aging Population

w18759 Robert J. Barro
Sanjay P. Misra

Gold Returns

w18751 Kathryn M.E. Dominguez
Matthew D. Shapiro

Forecasting the Recovery from the Great Recession: Is This Time Different?

w18747 Wojciech Kopczuk
Incentive Effects of Inheritances and Optimal Estate Taxation

w18746 Christina D. Romer
David H. Romer

The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression

w18738 Quamrul Ashraf
Oded Galor

Genetic Diversity and the Origins of Cultural Fragmentation

w18737 Ricardo J. Caballero
Emmanuel Farhi

A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy

w18732 Gary B. Gorton
Guillermo Ordoñez

The Supply and Demand for Safe Assets

w18730 Ricardo Reis
The Mystique Surrounding the Central Bank's Balance Sheet, Applied to the European Crisis

w18727 Daron Acemoglu
Asuman Ozdaglar
Alireza Tahbaz-Salehi

Systemic Risk and Stability in Financial Networks

w18718 Bruce D. Meyer
James X. Sullivan

Winning the War: Poverty from the Great Society to the Great Recession

w18716 John B. Taylor
International Monetary Coordination and the Great Deviation

w18705 Emi Nakamura
Jón Steinsson

Price Rigidity: Microeconomic Evidence and Macroeconomic Implications

w18667 Karl E. Case
John M. Quigley
Robert J. Shiller

Wealth Effects Revisited: 1975-2012

w18693 Chang-Tai Hsieh
Erik Hurst
Charles I. Jones
Peter J. Klenow

The Allocation of Talent and U.S. Economic Growth

w18688 Lawrence Christiano
Daisuke Ikeda

Leverage Restrictions in a Business Cycle Model

w18682 Lawrence Christiano
Roberto Motto
Massimo Rostagno

Risk Shocks

w18675 Olivier Jeanne
Anton Korinek

Macroprudential Regulation Versus Mopping Up After the Crash

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?

w18666 Nicola Pavoni
Ofer Setty
Giovanni L. Violante

Search and Work in Optimal Welfare Programs

w18665 David Card
Stefano DellaVigna

Nine Facts about Top Journals in Economics


2012
w18661 Marcus Hagedorn
Tzuo Hann Law
Iourii Manovskii

Identifying Equilibrium Models of Labor Market Sorting

w18654 Nancy L. Stokey
Catching Up and Falling Behind

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

w18650 Laura Alfaro
Anusha Chari

Deregulation, Misallocation, and Size: Evidence from India

w18647 Roger E.A. Farmer
Carine Nourry
Alain Venditti

The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World

w18646 A. Craig Burnside
Jeremy J. Graveline

Exchange Rate Determination, Risk Sharing and the Asset Market View

w18643 Daiji Kawaguchi
Jungmin Lee
Daniel S. Hamermesh

A Gift of Time

w18638 Julio J. Rotemberg
Prominent Job Advertisements, Group Learning and Wage Dispersion

w18628 Javier Bianchi
Juan Carlos Hatchondo
Leonardo Martinez

International Reserves and Rollover Risk

w18611 Gary Gorton
Andrew Metrick

Securitization

w18603 Michael C. Burda
Daniel S. Hamermesh
Jay Stewart

Cyclical Variation in Labor Hours and Productivity Using the ATUS

w18602 David Lagakos
Benjamin Moll
Tommaso Porzio
Nancy Qian

Experience Matters: Human Capital and Development Accounting

w18584 Wojciech Kopczuk
Taxation of Intergenerational Transfers and Wealth

w18578 Alan J. Auerbach
Yuriy Gorodnichenko

Output Spillovers from Fiscal Policy

w18572 Harold L. Cole
Soojin Kim
Dirk Krueger

Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs

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

w18563 Alberto Cavallo
Brent Neiman
Roberto Rigobon

Product Introductions, Currency Unions, and the Real Exchange Rate

w18556 Geert Bekaert
Alexander Popov

On the Link Between the Volatility and Skewness of Growth

w18550 Simon Gilchrist
Jae W. Sim
Egon Zakrajšek

Missallocation and Financial Frictions: Some Direct Evidence From the Dispersion in Borrowing Costs

w18546 Klaus Desmet
Esteban Rossi-Hansberg

On the Spatial Economic Impact of Global Warming

w18545 Marina Halac
Pierre Yared

Fiscal Rules and Discretion under Persistent Shocks

w18544 Stephanie Schmitt-Grohé
Martín Uribe

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

w18534 Diego A. Comin
Mikhail Dmitriev
Esteban Rossi-Hansberg

The Spatial Diffusion of Technology

w18532 Natalia Ramondo
Andrés Rodríguez-Clare
Milagro Saborío-Rodríguez

Scale Effects and Productivity Across Countries: Does Country Size Matter?

w18529 Gary D. Hansen
Minchung Hsu
Junsang Lee

Health Insurance Reform: The Impact of a Medicare Buy-In

w18522 David Card
Jörg Heining
Patrick Kline

Workplace Heterogeneity and the Rise of West German Wage Inequality

w18520 Robert A. Moffitt
The U.S. Employment-Population Reversal in the 2000s: Facts and Explanations

w18512 Alberto F. Alesina
Stelios Michalopoulos
Elias Papaioannou

Ethnic Inequality

w18510 Jonathan A. Parker
LEADS on Macroeconomic Risks to and from the Household Sector

w18507 Greg Kaplan
Sam Schulhofer-Wohl

Understanding the Long-Run Decline in Interstate Migration

w18501 Kenneth L. Judd
Lilia Maliar
Serguei Maliar

Merging Simulation and Projection Approaches to Solve High-Dimensional Problems

w18493 Elizabeth M. Caucutt
Lance Lochner

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

w18490 Alwyn Young
The African Growth Miracle

w18473 Nir Jaimovich
Sergio Rebelo

Non-linear Effects of Taxation on Growth

w18471 Nick Netzer
Florian Scheuer

A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection

w18470 Alessandra Fogli
Laura Veldkamp

Germs, Social Networks and Growth

w18467 Domenico Giannone
Michele Lenza
Giorgio E. Primiceri

Prior Selection for Vector Autoregressions

w18456 John Hassler
Per Krusell
Conny Olovsson

Energy-Saving Technical Change

w18451 Pierre Collin-Dufresne
Vyacheslav Fos

Insider Trading, Stochastic Liquidity and Equilibrium Prices

w18450 Frederico Belo
Pierre Collin-Dufresne
Robert S. Goldstein

Endogenous Dividend Dynamics and the Term Structure of Dividend Strips

w18447 Alessandra Fogli
Enoch Hill
Fabrizio Perri

The Geography of the Great Recession

w18438 Stelios Michalopoulos
Alireza Naghavi
Giovanni Prarolo

Trade and Geography in the Origins and Spread of Islam

w18435 Kewei Hou
Chen Xue
Lu Zhang

Digesting Anomalies: An Investment Approach

w18432 Finn E. Kydland
Peter Rupert
Roman Sustek

Housing Dynamics over the Business Cycle

w18431 Luis Felipe Céspedes
Roberto Chang
Andrés Velasco

Financial Intermediation, Exchange Rates, and Unconventional Policy in an Open Economy

w18421 Roger E.A. Farmer
Qualitative Easing: How it Works and Why it Matters

w18420 Susanto Basu
Brent Bundick

Uncertainty Shocks in a Model of Effective Demand

w18416 Richard Hornbeck
Pinar Keskin

Does Agriculture Generate Local Economic Spillovers? Short-run and Long-run Evidence from the Ogallala Aquifer

w18413 Jess Benhabib
Pengfei Wang
Yi Wen

Sentiments and Aggregate Demand Fluctuations

w18408 Zhiguo He
Konstantin Milbradt

Endogenous Liquidity and Defaultable Bonds

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

w18400 Karl E. Case
Robert J. Shiller
Anne Thompson

What Have They Been Thinking? Home Buyer Behavior in Hot and Cold Markets

w18399 Jesus Fernandez-Villaverde
Pablo A. Guerrón-Quintana
Juan Rubio-Ramírez

Estimating Dynamic Equilibrium Models with Stochastic Volatility

w18397 Gary B. Gorton
Some Reflections on the Recent Financial Crisis

w18391 Francis X. Diebold
Comparing Predictive Accuracy, Twenty Years Later: A Personal Perspective on the Use and Abuse of Diebold-Mariano Tests

w18381 Emmanuel Farhi
Iván Werning

Fiscal Multipliers: Liquidity Traps and Currency Unions

w18377 Russell Cooper
Fragile Debt and the Credible Sharing of Strategic Uncertainty

w18360 Guillermo Ordoñez
The Asymmetric Effects of Financial Frictions

w18370 Robert E. Hall
The Cyclical Response of Advertising Refutes Counter-Cyclical Profit Margins in Favor of Product-Market Frictions

w18366 Loukas Karabarbounis
Home Production, Labor Wedges, and International Real Business Cycles

w18362 Hideaki Hirata
M. Ayhan Kose
Christopher Otrok
Marco E. Terrones

Global House Price Fluctuations: Synchronization and Determinants

w18358 Michael J. Fishman
Jonathan A. Parker

Valuation, Adverse Selection, and Market Collapses

w18354 Laurence Ales
Pricila Maziero
Pierre Yared

A Theory of Political and Economic Cycles

w18353 Kristopher Gerardi
Eric Rosenblatt
Paul S. Willen
Vincent Yao

Foreclosure externalities: Some new evidence

w18348 Seonghoon Cho
Bennett T. McCallum

Refining Linear Rational Expectations Models and Equilibria

w18311 Sumit Agarwal
Gene Amromin
Itzhak Ben-David
Souphala Chomsisengphet
Tomasz Piskorski
Amit Seru

Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program

w18334 Nir Jaimovich
Henry E. Siu

The Trend is the Cycle: Job Polarization and Jobless Recoveries

w18333 Edward L. Glaeser
Sari Pekkala Kerr
William R. Kerr

Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines

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

w18323 Bennett T. McCallum
A Continuity Refinement for Rational Expectations Solutions

w18321 Ralph S.J. Koijen
Motohiro Yogo

The Cost of Financial Frictions for Life Insurers

w18308 Adam Bee
Bruce D. Meyer
James X. Sullivan

The Validity of Consumption Data: Are the Consumer Expenditure Interview and Diary Surveys Informative?

w18307 John Kennan
Open Borders

w18305 Ravi Bansal
Dana Kiku
Amir Yaron

Risks For the Long Run: Estimation with Time Aggregation

w18304 Efraim Benmelech
An Empirical Analysis of the Fed's Term Auction Facility

w18296 Richard Hornbeck
Suresh Naidu

When the Levee Breaks: Black Migration and Economic Development in the American South

w18295 Robert J. Barro
Convergence and Modernization Revisited

w18284 Roger E.A. Farmer
The Evolution of Endogenous Business Cycles

w18283 Jeffrey A. Frankel
Jesse Schreger

Over-optimistic Official Forecasts in the Eurozone and Fiscal Rules

w18278 Bruce A. Blonigen
Anca D. Cristea

Airports and Urban Growth: Evidence from a Quasi-Natural Policy Experiment

w18280 Ivan Werning
Emmanuel Farhi

Fiscal Unions

w18276 S. Boragan Aruoba
Morris A. Davis
Randall Wright

Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes

w18275 Stelios Michalopoulos
Elias Papaioannou

National Institutions and African Development: Evidence from Partitioned Ethnicities

w18273 Olivier Coibion
Yuriy Gorodnichenko
Gee Hee Hong

The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications

w18268 Alberto Chong
Rafael La Porta
Florencio Lopez-de-Silanes
Andrei Shleifer

Letter Grading Government Efficiency

w18265 Ayşegül Şahin
Joseph Song
Giorgio Topa
Giovanni L. Violante

Mismatch Unemployment

w18259 Lorenzo Caliendo
Ferdinando Monte
Esteban Rossi-Hansberg

The Anatomy of French Production Hierarchies

w18245 Nicholas Bloom
Max Floetotto
Nir Jaimovich
Itay Saporta-Eksten
Stephen J. Terry

Really Uncertain Business Cycles

w18235 Frank R. Lichtenberg
Pharmaceutical Innovation and Longevity Growth in 30 Developing and High-income Countries, 2000-2009

w18228 Casey Rothschild
Florian Scheuer

Redistributive Taxation in the Roy Model

w18225 Quamrul Ashraf
Boris Gershman
Peter Howitt

How Inflation Affects Macroeconomic Performance: An Agent-Based Computational Investigation

w18224 Stelios Michalopoulos
Elias Papaioannou

Pre-colonial Ethnic Institutions and Contemporary African Development

w18222 Erik Snowberg
Justin Wolfers
Eric Zitzewitz

Prediction Markets for Economic Forecasting

w18220 Brigitte C. Madrian
Matching Contributions and Savings Outcomes: A Behavioral Economics Perspective

w18218 Per Krusell
Leena Rudanko

Unions in a Frictional Labor Market

w18217 Zhiguo He
Péter Kondor

Inefficient Investment Waves

w18215 Bennett T. McCallum
Determinacy, Learnability, Plausibility, and the Role of Money in New Keynesian Models

w18213 Etienne Gagnon
David López-Salido
Nicolas Vincent

Individual Price Adjustment along the Extensive Margin

w18199 Emmanuel Farhi
Ivan Werning

Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates

w18193 Francesc Ortega
Giovanni Peri

The Effect of Trade and Migration on Income

w18191 George Alessandria
Joseph Kaboski
Virgiliu Midrigan

Trade Wedges, Inventories, and International Business Cycles

w18181 John H. Cochrane
Continuous-Time Linear Models

w18178 Daron Acemoglu
Martin Kaae Jensen

Robust Comparative Statics in Large Dynamic Economies

w18177 Daron Acemoglu
Camilo García-Jimeno
James A. Robinson

Finding Eldorado: Slavery and Long-run Development in Colombia

w18170 Olivier Coibion
Yuriy Gorodnichenko
Lorenz Kueng
John Silvia

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

w18162 William Easterly
Ross Levine

The European Origins of Economic Development

w18154 Loukas Karabarbounis
Brent Neiman

Declining Labor Shares and the Global Rise of Corporate Saving

w18152 Fernando Alvarez
Francesco Lippi

The Demand of Liquid Assets with Uncertain Lumpy Expenditures

w18151 Mikhail Golosov
Pricila Maziero
Guido Menzio

Taxation and Redistribution of Residual Income Inequality

w18149 Mark Bils
Peter J. Klenow
Benjamin A. Malin

Testing for Keynesian Labor Demand

w18142 Miles S. Kimball
"Getting the Biggest Bang for the Buck in Fiscal Policy"

w18139 Daniel Berkowitz
Mark Hoekstra
Koen Schoors

Does Finance Cause Growth? Evidence from the Origins of Banking in Russia

w18133 Chang-Tai Hsieh
Peter J. Klenow

The Life Cycle of Plants in India and Mexico

w18130 Enrico Spolaore
Romain Wacziarg

How Deep Are the Roots of Economic Development?

w18128 Emi Nakamura
Dmitriy Sergeyev
Jón Steinsson

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

w18124 Dana Medianu
John Whalley

Water Availability as a Constraint on China's Future Growth

w18102 Markus K. Brunnermeier
Thomas M. Eisenbach
Yuliy Sannikov

Macroeconomics with Financial Frictions: A Survey

w18114 Jess Benhabib
George W. Evans
Seppo Honkapohja

Liquidity Traps and Expectation Dynamics: Fiscal Stimulus or Fiscal Austerity?

w18104 Ravi Bansal
Dana Kiku
Ivan Shaliastovich
Amir Yaron

Volatility, the Macroeconomy and Asset Prices

w18094 James H. Stock
Mark W. Watson

Disentangling the Channels of the 2007-2009 Recession

w18091 Jess Benhabib
Jesse Perla
Christopher Tonetti

Catch-up and Fall-back through Innovation and Imitation

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

w18085 Jordi Galí
Frank Smets
Rafael Wouters

Slow Recoveries: A Structural Interpretation

w18084 Torben G. Andersen
Tim Bollerslev
Peter F. Christoffersen
Francis X. Diebold

Financial Risk Measurement for Financial Risk Management

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

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

w18079 Emin M. Dinlersoz
Jeremy Greenwood

The Rise and Fall of Unions in the U.S.

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

w18072 Philippe Aghion
Emmanuel Farhi
Enisse Kharroubi

Monetary Policy, Liquidity, and Growth

w18066 Mark Huggett
Greg Kaplan

The Money Value of a Man

w18062 Andrew K. Rose
Protectionism Isn’t Counter‐Cyclic (anymore)

w18059 Todd M. Sinai
House Price Moments in Boom-Bust Cycles

w18058 Jesús Fernández-Villaverde
Grey Gordon
Pablo A. Guerrón-Quintana
Juan Rubio-Ramírez

Nonlinear Adventures at the Zero Lower Bound

w18048 Philippe Aghion
Mathias Dewatripont
Luosha Du
Ann Harrison
Patrick Legros

Industrial Policy and Competition

w18042 Sylvain Leduc
Daniel Wilson

Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment

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

w18031 Stephanie Schmitt-Grohe
Martin Uribe

Prudential Policy for Peggers

w18022 Melvyn G. Coles
Dale T. Mortensen

Equilibrium Labor Turnover, Firm Growth and Unemployment

w18007 Roger E.A. Farmer
The Effect of Conventional and Unconventional Monetary Policy Rules on Inflation Expectations: Theory and Evidence

w18004 Asli Demirguc-Kunt
Erik Feyen
Ross Levine

The Evolving Importance of Banks and Securities Markets

w17982 Orazio Attanasio
Erik Hurst
Luigi Pistaferri

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

w17978 Mario J. Crucini
Christopher I. Telmer

Microeconomic Sources of Real Exchange Rate Variability

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

w17956 Martin S. Eichenbaum
Nir Jaimovich
Sergio Rebelo
Josephine Smith

How Frequent Are Small Price Changes?

w17948 Russell Cooper
Guan Gong
Ping Yan

Costly Labor Adjustment: Effects of China's Employment Regulations

w17944 Pierpaolo Benigno
Federica Romei

Debt Deleveraging and The Exchange Rate

w17937 Laurence Ales
Roozbeh Hosseini
Larry E. Jones

Is There “Too Much” Inequality in Health Spending Across Income Groups?

w17934 Nobuhiro Kiyotaki
John Moore

Liquidity, Business Cycles, and Monetary Policy

w17924 Rüdiger Bachmann
Lin Ma

Lumpy Investment, Lumpy Inventories

w17923 Fernando E. Alvarez
Francesco Lippi

Price Setting with menu cost for Multi-product firms

w17917 Richard W. Evans
Laurence J. Kotlikoff
Kerk L. Phillips

Game Over: Simulating Unsustainable Fiscal Policy

w17909 Charles A.E. Goodhart
Anil K Kashyap
Dimitrios P. Tsomocos
Alexandros P. Vardoulakis

Financial Regulation in General Equilibrium

w17908 Russell Cooper
Exit from a Monetary Union through Euroization: Discipline without Chaos

w17905 Francisco J. Buera
Joseph P. Kaboski
Yongseok Shin

The Macroeconomics of Microfinance

w17903 Eric M. Leeper
Todd B. Walker

Perceptions and Misperceptions of Fiscal Inflation

w17900 Cosmin Ilut
Martin Schneider

Ambiguous Business Cycles

w17898 Andrew Atkeson
Christian Hellwig
Guillermo Ordonez

Optimal Regulation in the Presence of Reputation Concerns

w17897 Abhijit Banerjee
Esther Duflo
Nancy Qian

On the Road: Access to Transportation Infrastructure and Economic Growth in China

w17880 Sebastian Dyrda
Greg Kaplan
José-Víctor Ríos-Rull

Business Cycles and Household Formation: The Micro vs the Macro Labor Elasticity

w17877 Maurice Obstfeld
Does the Current Account Still Matter?

w17876 Veronica Guerrieri
Robert Shimer

Dynamic Adverse Selection: A Theory of Illiquidity, Fire Sales, and Flight to Quality

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?

w17860 Christina D. Romer
David H. Romer

The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era

w17854 Kay Giesecke
Francis A. Longstaff
Stephen Schaefer
Ilya Strebulaev

Macroeconomic Effects of Corporate Default Crises: A Long-Term Perspective

w17853 Lucia Foster
John C. Haltiwanger
Chad Syverson

The Slow Growth of New Plants: Learning about Demand?

w17850 Nicholas Bloom
Christos Genakos
Raffaella Sadun
John Van Reenen

Management Practices Across Firms and Countries

w17844 Huixin Bi
Eric M. Leeper
Campbell B. Leith

Uncertain Fiscal Consolidations

w17841 Stéphane Hallegatte
Geoffrey Heal
Marianne Fay
David Treguer

From Growth to Green Growth - a Framework

w17836 Laurence M. Ball
Ben Bernanke and the Zero Bound

w17831 Atif R. Mian
Amir Sufi
Francesco Trebbi

Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises

w17830 Atif R. Mian
Amir Sufi

What explains high unemployment? The aggregate demand channel

w17822 Shekhar Aiyar
Charles W. Calomiris
Tomasz Wieladek

Does Macro-Pru Leak? Evidence from a UK Policy Experiment

w17814 Johannes F. Schmieder
Till M. von Wachter
Stefan Bender

The Long-Term Effects of Unemployment Insurance Extensions on Employment

w17813 Johannes F. Schmieder
Till M. von Wachter
Stefan Bender

The Effects of Extended Unemployment Insurance over the Business Cycle: Evidence from Regression Discontinuity Estimates Over Twenty Years

w17794 Nathan Nunn
Nancy Qian

Aiding Conflict: The Impact of U.S. Food Aid on Civil War

w17791 Daniel F. Waggoner
Tao Zha

Confronting Model Misspecification in Macroeconomics

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

w17780 Joon-Ho Hahm
Frederic S. Mishkin
Hyun Song Shin
Kwanho Shin

Macroprudential Policies in Open Emerging Economies

w17779 Per Krusell
Toshihiko Mukoyama
Richard Rogerson
Ayşegül Şahin

Is Labor Supply Important for Business Cycles?

w17775 Francisco J. Buera
Benjamin Moll

Aggregate Implications of a Credit Crunch

w17767 Ariel Burstein
Javier Cravino

Measured Aggregate Gains from International Trade

w17769 Leonid Kogan
Dimitris Papanikolaou
Amit Seru
Noah Stoffman

Technological Innovation, Resource Allocation, and Growth

w17759 James D. Hamilton
Oil Prices, Exhaustible Resources, and Economic Growth

w17757 John Hassler
Per Krusell

Economics and Climate Change: Integrated Assessment in a Multi-Region World

w17746 Guido Menzio
Irina A. Telyukova
Ludo Visschers

Directed Search over the Life Cycle

w17742 Lars-Alexander Kuehn
Nicolas Petrosky-Nadeau
Lu Zhang

An Equilibrium Asset Pricing Model with Labor Market Search

w17735 Jeremy Greenwood
Nezih Guner
Georgi Kocharkov
Cezar Santos

Technology and the Changing Family: A Unified Model of Marriage, Divorce, Educational Attainment and Married Female Labor-Force Participation

w17723 Tim Landvoigt
Monika Piazzesi
Martin Schneider

The Housing Market(s) of San Diego


Generated Thu May 23 00:00:52 2013

 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us