NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in Economic Fluctuations and Growth


2015
w20994 Jonathan Heathcote
Fabrizio Perri

Wealth and Volatility

w20973 John Ameriks
Joseph S. Briggs
Andrew Caplin
Matthew D. Shapiro
Christopher Tonetti

Long-Term Care Utility and Late in Life Saving

w20972 John Ameriks
Andrew Caplin
Minjoon Lee
Matthew D. Shapiro
Christopher Tonetti

The Wealth of Wealthholders

w20963 Stefano Giglio
Bryan T. Kelly
Seth Pruitt

Systemic Risk and the Macroeconomy: An Empirical Evaluation

w20957 Jennifer N. Carpenter
Fangzhou Lu
Robert F. Whitelaw

The Real Value of China's Stock Market

w20947 Atif R. Mian
Amir Sufi

Fraudulent Income Overstatement on Mortgage Applications during the Credit Expansion of 2002 to 2005

w20941 Seth G. Benzell
Laurence J. Kotlikoff
Guillermo LaGarda
Jeffrey D. Sachs

Robots Are Us: Some Economics of Human Replacement

w20939 Robert E. Hall
Sam Schulhofer-Wohl

Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers

w20935 Dani Rodrik
Premature Deindustrialization

w20933 Jaume Ventura
Alberto Martin

The International Transmission of Credit Bubbles: Theory and Policy

w20931 Daron Acemoglu
Asuman Ozdaglar
Alireza Tahbaz-Salehi

Networks, Shocks, and Systemic Risk

w20926 Jerry Tsai
Jessica A. Wachter

Disaster Risk and its Implications for Asset Pricing

w20919 David N. Weil
Capital and Wealth in the 21st Century

w20913 Fatih Guvenen
Fatih Karahan
Serdar Ozkan
Jae Song

What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?

w20898 Pranjul Bhandari
Jeffrey A. Frankel

Nominal GDP Targeting for Developing Countries

w20885 Sara Lowes
Nathan Nunn
James A. Robinson
Jonathan Weigel

Understanding Ethnic Identity in Africa: Evidence from the Implicit Association Test (IAT)

w20884 Marcus Hagedorn
Iourii Manovskii
Kurt Mitman

The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?

w20883 Christopher Phelan
Aldo Rustichini

Pareto Efficiency and Identity

w20882 Alisdair McKay
Emi Nakamura
Jón Steinsson

The Power of Forward Guidance Revisited

w20881 Jesse Perla
Christopher Tonetti
Michael E. Waugh

Equilibrium Technology Diffusion, Trade, and Growth

w20874 Alejandro Justiniano
Giorgio E. Primiceri
Andrea Tambalotti

Credit Supply and the Housing Boom

w20872 Alessandra Fogli
Fabrizio Perri

Macroeconomic Volatility and External Imbalances

w20865 Daron Acemoglu
Asuman Ozdaglar
Alireza Tahbaz-Salehi

Microeconomic Origins of Macroeconomic Tail Risks

w20863 Ross Levine
Chen Lin
Wensi Xie

Spare Tire? Stock Markets, Banking Crises, and Economic Recoveries

w20862 Martin S. Feldstein
Ending the Euro Crisis?

w20858 Rui Albuquerque
Martin Eichenbaum
Dimitris Papanikolaou
Sergio Rebelo

Long-run Bulls and Bears

w20857 Rabah Arezki
Valerie A. Ramey
Liugang Sheng

News Shocks in Open Economies: Evidence from Giant Oil Discoveries

w20856 Harold L. Cole
Jeremy Greenwood
Juan M. Sanchez

Why Doesn't Technology Flow from Rich to Poor Countries?

w20855 Ariel Burstein
Eduardo Morales
Jonathan Vogel

Accounting for Changes in Between-Group Inequality

w20845 Bryan Hong
Lorenz Kueng
Mu-Jeung Yang

Estimating Management Practice Complementarity between Decentralization and Performance Pay

w20838 Patrick Kline
Melissa Tartari

Bounding the Labor Supply Responses to a Randomized Welfare Experiment: A Revealed Preference Approach

w20831 Roger E.A. Farmer
Global Sunspots and Asset Prices in a Monetary Economy

w20823 Monika Piazzesi
Martin Schneider
Johannes Stroebel

Segmented Housing Search


2014
w20819 Yuriy Gorodnichenko
Viacheslav Sheremirov
Oleksandr Talavera

Price Setting in Online Markets: Does IT Click?

w20817 Fernando Alvarez
Francesco Lippi
Luigi Paciello

Monetary Shocks in Models with Inattentive Producers

w20813 Boyan Jovanovic
Viktor Tsyrennikov

Trading on Sunspots

w20807 George-Marios Angeletos
Fabrice Collard
Harris Dellas

Quantifying Confidence

w20805 Anton Korinek
Damiano Sandri

Capital Controls or Macroprudential Regulation?

w20803 Markus K. Brunnermeier
Yuliy Sannikov

International Credit Flows and Pecuniary Externalities

w20796 Lars E.O. Svensson
Forward Guidance

w20786 Raquel Fernández
Alberto Martin

The Long and the Short of It: Sovereign Debt Crises and Debt Maturity

w20780 Mikhail Golosov
Aleh Tsyvinski
Nicolas Werquin

A Variational Approach to the Analysis of Tax Systems

w20770 Supreet Kaur
Nominal Wage Rigidity in Village Labor Markets

w20769 Joel M. David
Espen Henriksen
Ina Simonovska

The Risky Capital of Emerging Markets

w20766 Daron Acemoglu
James A. Robinson

The Rise and Decline of General Laws of Capitalism

w20758 Martin Goetz
Luc Laeven
Ross Levine

Does the Geographic Expansion of Bank Assets Reduce Risk?

w20753 Alexander Ljungqvist
Michael Smolyansky

To Cut or Not to Cut? On the Impact of Corporate Taxes on Employment and Income

w20751 Raphael Corbi
Elias Papaioannou
Paolo Surico

Federal Transfer Multipliers. Quasi-Experimental Evidence from Brazil

w20750 Tatyana Deryugina
Solomon M. Hsiang

Does the Environment Still Matter? Daily Temperature and Income in the United States

w20748 Gregory Colman
Dhaval Dave

Unemployment and Health Behaviors Over the Business Cycle: a Longitudinal View

w20746 Julien Hugonnier
Benjamin Lester
Pierre-Olivier Weill

Heterogeneity in Decentralized Asset Markets

w20744 Martin Lettau
Sydney C. Ludvigson
Sai Ma

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

w20743 Daron Acemoglu
Ufuk Akcigit
Douglas Hanley
William Kerr

Transition to Clean Technology

w20742 Charles I. Jones
Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality

w20741 Christiane Baumeister
James D. Hamilton

Sign Restrictions, Structural Vector Autoregressions, and Useful Prior Information

w20737 Frederic S. Mishkin
Eugene N. White

Unprecedented Actions: The Federal Reserve’s Response to the Global Financial Crisis in Historical Perspective

w20730 Fiorella De Fiore
Harald Uhlig

Corporate Debt Structure and the Financial Crisis

w20725 Francesco Bianchi
Howard Kung

Growth, Slowdowns, and Recoveries

w20719 Valerie A. Ramey
Sarah Zubairy

Government Spending Multipliers in Good Times and in Bad: Evidence from U.S. Historical Data

w20715 Laurence Ball
Sandeep Mazumder

A Phillips Curve with Anchored Expectations and Short-Term Unemployment

w20710 Johannes Stroebel
Joseph Vavra

House Prices, Local Demand, and Retail Prices

w20707 Chiara Fratto
Harald Uhlig

Accounting for Post-Crisis Inflation and Employment: A Retro Analysis

w20704 Michael Greenstone
Alexandre Mas
Hoai-Luu Nguyen

Do Credit Market Shocks affect the Real Economy? Quasi-Experimental Evidence from the Great Recession and ‘Normal’ Economic Times

w20703 Russell Cooper
Frédéric Boissay

Inside and Outside Collateral: Implications for Financial Market Instability

w20698 Lisa B. Kahn
Erika McEntarfer

Employment Cyclicality and Firm Quality

w20691 Markus K. Brunnermeier
Alp Simsek
Wei Xiong

A Welfare Criterion for Models with Distorted Beliefs

w20688 Hans A. Holter
Dirk Krueger
Serhiy Stepanchuk

How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?

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

w20666 Robert B. Barsky
Susanto Basu
Keyoung Lee

Whither News Shocks?

w20665 Daron Acemoglu
Tarek A. Hassan
Ahmed Tahoun

The Power of the Street: Evidence from Egypt's Arab Spring

w20650 Russell Cooper
Antoine Camous

Monetary Policy and Debt Fragility

w20642 Jess Benhabib
Feng Dong
Pengfei Wang

Adverse Selection and Self-fulfilling Business Cycles

w20637 Charles I. Jones
Jihee Kim

A Schumpeterian Model of Top Income Inequality

w20633 Mikhail Golosov
Luigi Iovino

Social Insurance, Information Revelation, and Lack of Commitment

w20632 Davide Debortoli
Ricardo Nunes
Pierre Yared

Optimal Government Debt Maturity

w20628 Martin Gervais
Nir Jaimovich
Henry E. Siu
Yaniv Yedid-Levi

What Should I Be When I Grow Up? Occupations and Unemployment over the Life Cycle

w20623 Veronica Guerrieri
Robert Shimer

Markets with Multidimensional Private Information

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

w20616 George Alessandria
Horag Choi
Joseph P. Kaboski
Virgiliu Midrigan

Microeconomic Uncertainty, International Trade, and Aggregate Fluctuations

w20613 John H. Cochrane
Monetary Policy with Interest on Reserves

w20611 Hess Chung
Edward Herbst
Michael T. Kiley

Effective Monetary Policy Strategies in New Keynesian Models: A Re-examination

w20610 Patrick Bolton
Neng Wang
Jinqiang Yang

Investment Under Uncertainty and the Value of Real and Financial Flexibility

w20608 Benjamin Lester
Guillaume Rocheteau
Pierre-Olivier Weill

Competing for Order Flow in OTC Markets

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

w20601 Fabian Kindermann
Dirk Krueger

High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk

w20581 John Graham
Mark T. Leary
Michael R. Roberts

How Does Government Borrowing Affect Corporate Financing and Investment?

w20580 Casey B. Mulligan
The New Full-time Employment Taxes

w20575 Marco Del Negro
Raiden B. Hasegawa
Frank Schorfheide

Dynamic Prediction Pools: An Investigation of Financial Frictions and Forecasting Performance

w20573 Lant Pritchett
Lawrence H. Summers

Asiaphoria Meets Regression to the Mean

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

w20568 Paul Beaudry
David A. Green
Benjamin M. Sand

In Search of Labor Demand

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

w20550 Paul Beaudry
Alban Moura
Franck Portier

Reexamining the Cyclical Behavior of the Relative Price of Investment

w20547 John Laitner
Daniel Silverman
Dmitriy Stolyarov

Annuitized Wealth and Post-Retirement Saving

w20538 Simeon Alder
David Lagakos
Lee Ohanian

Competitive Pressure and the Decline of the Rust Belt: A Macroeconomic Analysis

w20518 John Fernald
Mark M. Spiegel
Eric T. Swanson

Monetary Policy Effectiveness in China: Evidence from a FAVAR Model

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

w20442 Andrea L. Eisfeldt
Tyler Muir

Aggregate Issuance and Savings Waves

w20513 Stelios Michalopoulos
Elias Papaioannou

On the Ethnic Origins of African Development Chiefs and Pre-colonial Political Centralization

w20502 Gene M. Grossman
Elhanan Helpman

Growth, Trade, and Inequality

w20501 Òscar Jordà
Moritz Schularick
Alan M. Taylor

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

w20498 Fernando Leibovici
Michael E. Waugh

International Trade and Intertemporal Substitution

w20490 Javier Bianchi
Saki Bigio

Banks, Liquidity Management and Monetary Policy

w20486 Eric T. Swanson
John C. Williams

Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates

w20479 Steven J. Davis
John Haltiwanger

Labor Market Fluidity and Economic Performance

w20477 Abhijit Banerjee
Esther Duflo
Richard Hornbeck

(Measured) Profit is Not Welfare: Evidence from an Experiment on Bundling Microcredit and Insurance

w20474 Oded Galor
Marc Klemp

The Biocultural Origins of Human Capital Formation

w20473 Cosmin Ilut
Matthias Kehrig
Martin Schneider

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

w20467 Richard Hornbeck
Daniel Keniston

Creative Destruction: Barriers to Urban Growth and the Great Boston Fire of 1872

w20457 Hyeok Jeong
Yong Kim
Iourii Manovskii

The Price of Experience

w20452 Ezra Oberfield
Devesh Raval

Micro Data and Macro Technology

w20445 Anna Orlik
Laura Veldkamp

Understanding Uncertainty Shocks and the Role of Black Swans

w20441 Ludwig Straub
Iván Werning

Positive Long Run Capital Taxation: Chamley-Judd Revisited

w20440 William Goetzmann
Elena Mamonova
Christophe Spaenjers

The Economics of Aesthetics and Three Centuries of Art Price Records

w20438 Oded Galor
Ömer Özak

The Agricultural Origins of Time Preference

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

w20427 Lucia Foster
Cheryl Grim
John Haltiwanger

Reallocation in the Great Recession: Cleansing or Not?

w20426 Edward L. Glaeser
Charles G. Nathanson

Housing Bubbles

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

w20416 Andrew G. Atkeson
Andrea L. Eisfeldt
Pierre-Olivier Weill

Entry and Exit in OTC Derivatives Markets

w20406 Yuriy Gorodnichenko
Oleksandr Talavera

Price Setting in Online Markets: Basic Facts, International Comparisons, and Cross-border Integration

w20404 Hugo A. Hopenhayn
On the Measure of Distortions

w20391 Peter Benczur
Cosmin L. Ilut

Evidence for Relational Contracts in Sovereign Bank Lending

w20390 Andrew Foerster
Juan Rubio-Ramírez
Daniel F. Waggoner
Tao Zha

Perturbation Methods for Markov-Switching DSGE Models

w20379 John Komlos
Has Creative Destruction Become More Destructive?

w20377 Jianjun Miao
Pengfei Wang
Tao Zha

Liquidity Premia, Price-Rent Dynamics, and Business Cycles

w20370 Oliver D. Bunn
Robert J. Shiller

Changing Times, Changing Values: A Historical Analysis of Sectors within the US Stock Market 1872-2013

w20365 Kinda Hachem
Resource Allocation and Inefficiency in the Financial Sector

w20352 Solomon M. Hsiang
Amir S. Jina

The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth: Evidence From 6,700 Cyclones

w20351 Nathaniel Hendren
The Inequality Deflator: Interpersonal Comparisons without a Social Welfare Function

w20346 Helios Herrera
Guillermo Ordoñez
Christoph Trebesch

Political Booms, Financial Crises

w20340 Joel M. David
Hugo A. Hopenhayn
Venky Venkateswaran

Information, Misallocation and Aggregate Productivity

w20339 Jens Hilscher
Alon Raviv
Ricardo Reis

Inflating Away the Public Debt? An Empirical Assessment

w20335 Alan Moreira
Alexi Savov

The Macroeconomics of Shadow Banking

w20328 YiLi Chien
Harold L. Cole
Hanno Lustig

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

w20324 Alan S. Blinder
Mark W. Watson

Presidents and the U.S. Economy: An Econometric Exploration

w20319 David Backus
Axelle Ferriere
Stanley Zin

Risk and Ambiguity in Models of Business Cycles

w20314 Seunghoon Na
Stephanie Schmitt-Grohé
Martin Uribe
Vivian Z. Yue

A Model of the Twin Ds: Optimal Default and Devaluation

w20307 Guido Matias Cortes
Nir Jaimovich
Christopher J. Nekarda
Henry E. Siu

The Micro and Macro of Disappearing Routine Jobs: A Flows Approach

w20304 Orazio Attanasio
Britta Augsburg

Holy Cows or Cash Cows?

w20303 Frank Schorfheide
Dongho Song
Amir Yaron

Identifying Long-Run Risks: A Bayesian Mixed-Frequency Approach

w20298 Lorenz Kueng
Evgeny Yakovlev

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

w20291 Edward L. Glaeser
Joshua D. Gottlieb
Oren Ziv

Unhappy Cities

w20287 Morris A. Davis
Stijn Van Nieuwerburgh

Housing, Finance and the Macroeconomy

w20277 Mark Aguiar
Manuel Amador
Emmanuel Farhi
Gita Gopinath

Coordination and Crisis in Monetary Unions

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

w20263 S. Borağan Aruoba
Jesús Fernández-Villaverde

A Comparison of Programming Languages in Economics

w20260 David Neumark
Jennifer Muz

The "Business Climate" and Economic Inequality

w20255 Tri Vi Dang
Gary Gorton
Bengt Holmström
Guillermo Ordonez

Banks as Secret Keepers

w20254 Efraim Benmelech
Nittai Bergman
Anna Milanez
Vladimir Mukharlyamov

The Agglomeration of Bankruptcy

w20251 Raquel Fernández
Joyce Cheng Wong

Free to Leave? A Welfare Analysis of Divorce Regimes

w20246 Marcin Kacperczyk
Jaromir B. Nosal
Luminita Stevens

Investor Sophistication and Capital Income Inequality

w20244 Angus Deaton
Bettina Aten

Trying to Understand the PPPs in ICP2011: Why are the Results so Different?

w20237 Christoph E. Boehm
Christopher L. House

Optimal Taylor Rules in New Keynesian Models

w20224 Mark Gertler
Peter Karadi

Monetary Policy Surprises, Credit Costs and Economic Activity

w20219 Mara P. Squicciarini
Nico Voigtländer

Human Capital and Industrialization: Evidence from the Age of Enlightenment

w20215 Ian W.R. Martin
Robert S. Pindyck

Averting Catastrophes: The Strange Economics of Scylla and Charybdis

w20214 Matthias Doepke
Fabrizio Zilibotti

Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission

w20205 Rafael La Porta
Andrei Shleifer

Informality and Development

w20194 Francesco Bianchi
Cosmin Ilut

Monetary/Fiscal Policy Mix and Agents' Beliefs

w20185 Laurence M. Ball
Long-Term Damage from the Great Recession in OECD Countries

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

w20179 Roberto Perotti
Defense Government Spending Is Contractionary, Civilian Government Spending Is Expansionary

w20175 David Berger
Joseph Vavra

Consumption Dynamics During Recessions

w20168 Lorenzo Caliendo
Fernando Parro
Esteban Rossi-Hansberg
Pierre-Daniel Sarte

The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy

w20165 Anil K Kashyap
Dimitrios P. Tsomocos
Alexandros P. Vardoulakis

How does macroprudential regulation change bank credit supply?

w20161 Kinda Hachem
Jing Cynthia Wu

Inflation Announcements and Social Dynamics

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

w20155 Fernando Alvarez
Hervé Le Bihan
Francesco Lippi

Small and Large Price Changes and the Propagation of Monetary Shocks

w20154 Stefano Giglio
Matteo Maggiori
Johannes Stroebel

No-Bubble Condition: Model-free Tests in Housing Markets

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

w20133 Stefano Giglio
Matteo Maggiori
Johannes Stroebel

Very Long-Run Discount Rates

w20122 Christian Broda
Jonathan A. Parker

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

w20117 Jing Cynthia Wu
Fan Dora Xia

Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound

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

The New Empirical Economics of Management

w20101 Paul Beaudry
Dana Galizia
Franck Portier

Reconciling Hayek's and Keynes Views of Recessions

w20100 Paul S. Willen
Evaluating Policies to Prevent another Crisis: An Economist's View

w20099 Paul Bergin
Ling Feng
Ching-Yi Lin

Financial Frictions and Firm Dynamics

w20098 Charles F. Manski
Communicating Uncertainty in Official Economic Statistics

w20087 Christina D. Romer
David H. Romer

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

w20081 Francesco Bianchi
Cosmin L. Ilut
Martin Schneider

Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle

w20080 Paul S. Willen
Lauren Lambie-Hanson
Lynn M. Fisher

The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums

w20079 Dave Donaldson
Arnaud Costinot
Cory B. Smith

Evolving Comparative Advantage and the Impact of Climate Change in Agricultural Markets: Evidence from 1.7 Million Fields around the World

w20075 Tomas Philipson
Ralph Koijen
Harald Uhlig

Financial Health Economics

w20073 Greg Kaplan
Giovanni L. Violante
Justin Weidner

The Wealthy Hand-to-Mouth

w20070 John Y. Campbell
Carolin Pflueger
Luis M. Viceira

Monetary Policy Drivers of Bond and Equity Risks

w20066 Fredrik Andersson
John C. Haltiwanger
Mark J. Kutzbach
Henry O. Pollakowski
Daniel H. Weinberg

Job Displacement and the Duration of Joblessness: The Role of Spatial Mismatch

w20064 Daron Acemoglu
Simon Johnson

Disease and Development: A Reply to Bloom, Canning, and Fink

w20065 Raven Molloy
Christopher L. Smith
Abigail K. Wozniak

Declining Migration within the U.S.: The Role of the Labor Market

w20061 Julian di Giovanni
Andrei Levchenko
Isabelle Mejean

Firms, Destinations, and Aggregate Fluctuations

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

w20055 Marco Del Negro
Marc P. Giannoni
Frank Schorfheide

Inflation in the Great Recession and New Keynesian Models

w20050 Abhijit Banerjee
Xin Meng
Tommaso Porzio
Nancy Qian

Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data

w20043 Florian Scheuer
Alexander Wolitzky

Capital Taxation under Political Constraints

w20041 Simon Gilchrist
Benoît Mojon

Credit Risk in the Euro Area

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

w20031 Jesper Bagger
Rasmus Lentz

An Empirical Model of Wage Dispersion with Sorting

w20027 Gary B. Gorton
Andrew Metrick
Lei Xie

The Flight from Maturity

w20025 Vasco M. Carvalho
Nico Voigtländer

Input Diffusion and the Evolution of Production Networks

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

w20004 Daron Acemoglu
Suresh Naidu
Pascual Restrepo
James A. Robinson

Democracy Does Cause Growth

w20003 Ron Alquist
Olivier Coibion

Commodity-Price Comovement and Global Economic Activity

w19997 Francisco J. Buera
Roberto Fattal-Jaef
Yongseok Shin

Anatomy of a Credit Crunch: From Capital to Labor Markets

w19994 Oleg Itskhoki
Benjamin Moll

Optimal Development Policies with Financial Frictions

w19990 Guido Menzio
Nicholas Trachter

Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search

w19988 Rasmus Lentz
Optimal Employment Contracts with Hidden Search

w19981 Jordi Gali
Luca Gambetti

The Effects of Monetary Policy on Stock Market Bubbles: Some Evidence

w19973 Pablo Fajgelbaum
Edouard Schaal
Mathieu Taschereau-Dumouchel

Uncertainty Traps

w19972 Harold L. Cole
Thomas F. Cooley

Rating Agencies

w19970 Anton Korinek
Alp Simsek

Liquidity Trap and Excessive Leverage

w19966 Chang-Tai Hsieh
Benjamin A. Olken

The Missing "Missing Middle"

w19960 Jaume Ventura
Alberto Martin

Managing Credit Bubbles

w19958 Roger Farmer
Asset Prices in a Lifecycle Economy

w19951 Nicholas Bloom
Paul M. Romer
Stephen J. Terry
John Van Reenen

Trapped Factors and China's Impact on Global Growth

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

w19941 Dennis Novy
Alan M. Taylor

Trade and Uncertainty

w19934 Anusha Chari
Peter Blair Henry

Learning From the Doers: Developing Country Lessons for Advanced Economy Growth

w19926 Gregory Clark
Kevin Hjortshøj O'Rourke
Alan M. Taylor

The Growing Dependence of Britain on Trade during the Industrial Revolution

w19924 Alan M. Taylor
The Argentina Paradox: Microexplanations and Macropuzzles

w19917 Jack Favilukis
Sydney C. Ludvigson
Stijn Van Nieuwerburgh

Foreign Ownership of U.S. Safe Assets: Good or Bad?

w19911 Alan J. Auerbach
Yuriy Gorodnichenko

Fiscal Multipliers in Japan

w19909 Juan Carlos Conesa
Timothy J. Kehoe

Is It Too Late to Bail Out the Troubled Countries in the Eurozone?

w19900 Francois Gourio
Leena Rudanko

Can Intangible Capital Explain Cyclical Movements in the Labor Wedge?

w19899 Jonathan Heathcote
Kjetil Storesletten
Giovanni L. Violante

Optimal Tax Progressivity: An Analytical Framework

w19897 Michael Woodford
An Optimizing Neuroeconomic Model of Discrete Choice

w19895 Robert J. Gordon
The Demise of U.S. Economic Growth: Restatement, Rebuttal, and Reflections

w19894 Daron Acemoglu
Ufuk Akcigit
Murat Alp Celik

Young, Restless and Creative: Openness to Disruption and Creative Innovations

w19893 Emi Nakamura
Jón Steinsson
Miao Liu

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

w19888 Matthias Doepke
Michèle Tertilt

Does Female Empowerment Promote Economic Development?

w19885 Zhiguo He
Arvind Krishnamurthy

A Macroeconomic Framework for Quantifying Systemic Risk

w19877 Greg Kaplan
Guido Menzio

The Morphology of Price Dispersion

w19871 Robert E. Hall
High Discounts and High Unemployment

w19869 Raquel Fernández
Joyce C. Wong

Divorce Risk, Wages, and Working Wives: A Quantitative Life-Cycle Analysis of Female Labor Force Participation

w19864 Fatih Guvenen
Greg Kaplan
Jae Song

How Risky Are Recessions for Top Earners?

w19862 Philip J. Cook
Kenneth Dodge
George Farkas
Roland G. Fryer
Jr
Jonathan Guryan
Jens Ludwig
Susan Mayer
Harold Pollack
Laurence Steinberg

The (Surprising) Efficacy of Academic and Behavioral Intervention with Disadvantaged Youth: Results from a Randomized Experiment in Chicago

w19856 Isaac Ehrlich
Yong Yin

Equilibrium Health Spending and Population Aging in a Model of Endogenous Growth - Will the GDP Share of Health Spending Keep Rising?

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

w19844 Raj Chetty
Nathaniel Hendren
Patrick Kline
Emmanuel Saez
Nicholas Turner

Is the United States Still a Land of Opportunity? Recent Trends in Intergenerational Mobility

w19843 Raj Chetty
Nathaniel Hendren
Patrick Kline
Emmanuel Saez

Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States

w19840 Anusha Chari
Peter Blair Henry

Two Tales of Adjustment: East Asian Lessons for European Growth

w19837 Daron Acemoglu
David Autor
David Dorn
Gordon H. Hanson
Brendan Price

Return of the Solow Paradox? IT, Productivity, and Employment in U.S. Manufacturing

w19831 Maxim Pinkovskiy
Xavier Sala-i-Martin

Lights, Camera,... Income!: Estimating Poverty Using National Accounts, Survey Means, and Lights

w19830 John G. Fernald
Charles I. Jones

The Future of U.S. Economic Growth

w19829 Jeremy Greenwood
Nezih Guner
Georgi Kocharkov
Cezar Santos

Marry Your Like: Assortative Mating and Income Inequality

w19826 Scott R. Baker
Nicholas Bloom
Brandice Canes-Wrone
Steven J. Davis
Jonathan A. Rodden

Why Has U.S. Policy Uncertainty Risen Since 1960?

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

w19818 Daniel L. Greenwald
Martin Lettau
Sydney C. Ludvigson

Origins of Stock Market Fluctuations

w19812 Bryan Kelly
Lubos Pastor
Pietro Veronesi

The Price of Political Uncertainty: Theory and Evidence from the Option Market

w19802 Alan Fernihough
Kevin Hjortshøj O'Rourke

Coal and the European Industrial Revolution

w19792 Xu Cheng
Zhipeng Liao
Frank Schorfheide

Shrinkage Estimation of High-Dimensional Factor Models with Structural Instabilities

w19790 Joseph S. Vavra
Time-Varying Phillips Curves

w19789 Liana Fox
Irwin Garfinkel
Neeraj Kaushal
Jane Waldfogel
Christopher Wimer

Waging War on Poverty: Historical Trends in Poverty Using the Supplemental Poverty Measure

w19788 Elias Albagli
Christian Hellwig
Aleh Tsyvinski

Dynamic Dispersed Information and the Credit Spread Puzzle

w19777 Pascal Michaillat
Emmanuel Saez

An Economical Business-Cycle Model


Generated Wed Mar 4 00:00:18 2015

 
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