NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in Economic Fluctuations and Growth


2014
w20043 Florian Scheuer
Alexander Wolitzky

Capital Taxation under Political Constraints

w20041 Simon Gilchrist
Benoît Mojon

Credit Risk in the Euro Area

w20040 Lawrence Christiano
Martin S. Eichenbaum
Mathias Trabandt

Understanding the Great Recession

w20038 Simon Gilchrist
Jae Sim
Egon Zakrajsek

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 Voigtlaender

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 Re
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 Thomas F. Cooley
Harold L. Cole

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


2013
w19771 Casey B. Mulligan
Trevor S. Gallen

Wedges, Wages, and Productivity under the Affordable Care Act

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

w19763 Ufuk Akcigit
Murat Alp Celik
Jeremy Greenwood

Buy, Keep or Sell: Economic Growth and the Market for Ideas

w19749 Eric Sims
Jonathan Wolff

The Output and Welfare Effects of Fiscal Shocks over the Business Cycle

w19744 Carlos Garriga
Finn E. Kydland
Roman Sustek

Mortgages and Monetary Policy

w19728 Jennie Bai
Thomas Philippon
Alexi Savov

Have Financial Markets Become More Informative?

w19717 Mark Aguiar
Manuel Amador

Take the Short Route: How to Repay and Restructure Sovereign Debt with Multiple Maturities

w19715 Russell W. Cooper
Immo Schott

Capital Reallocation and Aggregate Productivity

w19714 Nicholas Bloom
Fluctuations in Uncertainty

w19712 Frank Schorfheide
Dongho Song

Real-Time Forecasting with a Mixed-Frequency VAR

w19711 Aloísio Araújo
Susan Schommer
Michael Woodford

Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints

w19705 Pierre Collin-Dufresne
Michael Johannes
Lars A. Lochstoer

Parameter Learning in General Equilibrium: The Asset Pricing Implications

w19704 Javier Bianchi
Enrique G. Mendoza

Optimal Time-Consistent Macroprudential Policy

w19693 S. Borağan Aruoba
Luigi Bocola
Frank Schorfheide

Assessing DSGE Model Nonlinearities

w19692 Timothy J. Kehoe
Jack M. Rossbach
Kim J. Ruhl

Using the New Products Margin to Predict the Industry-Level Impact of Trade Reform

w19686 Eric M. Leeper
Xuan Zhou

Inflation's Role in Optimal Monetary-Fiscal Policy

w19684 Efstathios Avdis
Jessica A. Wachter

Maximum likelihood estimation of the equity premium

w19682 Jonathan Zinman
Consumer Credit: Too Much or Too Little (or Just Right)?

w19678 Gabriel Chodorow-Reich
Loukas Karabarbounis

The Cyclicality of the Opportunity Cost of Employment

w19676 Fernando Broner
Aitor Erce
Alberto Martin
Jaume Ventura

Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects

w19671 Andrés Fernández
Alessandro Rebucci
Martín Uribe

Are Capital Controls Prudential? An Empirical Investigation

w19667 Fernando E. Alvarez
Francisco J. Buera
Robert E. Lucas
Jr.

Idea Flows, Economic Growth, and Trade

w19662 David Dollar
Benjamin F. Jones

China: An Institutional View of an Unusual Macroeconomy

w19661 Carol H. Shiue
Human Capital and Fertility in Chinese Clans Before Modern Growth

w19657 William R. Kerr
Heterogeneous Technology Diffusion and Ricardian Trade Patterns

w19651 David Berger
Joseph S. Vavra

Volatility and Pass-through

w19647 David S. Abrams
Ufuk Akcigit
Jillian Popadak

Patent Value and Citations: Creative Destruction or Strategic Disruption?

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

w19623 Hanno Lustig
Andreas Stathopoulos
Adrien Verdelhan

The Term Structure of Currency Carry Trade Risk Premia

w19603 Emilio Depetris-Chauvin
David N. Weil

Malaria and Early African Development: Evidence from the Sickle Cell Trait

w19600 Olivier Coibion
Yuriy Gorodnichenko
Dmitri Koustas

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

w19598 Olivier Coibion
Yuriy Gorodnichenko

Is The Phillips Curve Alive and Well After All? Inflation Expectations and the Missing Disinflation

w19593 Frank R. Lichtenberg
The Impact of Biomedical Knowledge Accumulation on Mortality: A Bibliometric Analysis of Cancer Data

w19589 John Sabelhaus
David Johnson
Stephen Ash
David Swanson
Thesia Garner
John Greenlees
Steve Henderson

Is the Consumer Expenditure Survey Representative by Income?

w19582 Caitlin Blair
Constructing a PCE-Weighted Consumer Price Index

w19578 Melissa Dell
Benjamin F. Jones
Benjamin A. Olken

What Do We Learn from the Weather? The New Climate-Economy Literature

w19572 Anton Korinek
Jonathan Kreamer

The Redistributive Effects of Financial Deregulation

w19565 Frank Schorfheide
Kenneth I. Wolpin

To Hold Out or Not to Hold Out

w19561 Ángel Estrada
Jordi Galí
David López-Salido

Patterns of Convergence and Divergence in the Euro Area

w19556 Jeremy Greenwood
David Weiss

Mining Surplus: Modeling James A. Schmitz's Link Between Competition and Productivity

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

w19548 Cristina Arellano
Yan Bai

Linkages across Sovereign Debt Markets

w19544 Garry Barrett
Peter Levell
Kevin Milligan

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

w19541 Larry G. Epstein
Emmanuel Farhi
Tomasz Strzalecki

How Much Would You Pay to Resolve Long-Run Risk?

w19537 Matthias Doepke
Martin Schneider

Money as a Unit of Account

w19499 Marcus Hagedorn
Fatih Karahan
Iourii Manovskii
Kurt Mitman

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

w19516 Mark Aguiar
Manuel Amador
Emmanuel Farhi
Gita Gopinath

Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises

w19506 Òscar Jordà
Moritz HP. Schularick
Alan M. Taylor

Sovereigns versus Banks: Credit, Crises, and Consequences

w19504 Jessie Handbury
Tsutomu Watanabe
David E. Weinstein

How Much Do Official Price Indexes Tell Us about Inflation?

w19491 Alexander M. Gelber
Damon Jones
Daniel W. Sacks

Earnings Adjustment Frictions: Evidence from the Social Security Earnings Test

w19483 Jie Bai
Seema Jayachandran
Edmund J. Malesky
Benjamin A. Olken

Does Economic Growth Reduce Corruption? Theory and Evidence from Vietnam

w19478 Michael W. Elsby
Donggyun Shin
Gary Solon

Wage Adjustment in the Great Recession

w19476 John H. Cochrane
The New-Keynesian Liquidity Trap

w19475 Scott R. Baker
Nicholas Bloom

Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments

w19473 Ufuk Akcigit
Douglas Hanley
Nicolas Serrano-Velarde

Back to Basics: Basic Research Spillovers, Innovation Policy and Growth

w19470 Anmol Bhandari
David Evans
Mikhail Golosov
Thomas J. Sargent

Taxes, Debts, and Redistributions with Aggregate Shocks

w19467 Patrick Bolton
Xavier Freixas
Leonardo Gambacorta
Paolo Emilio Mistrulli

Relationship and Transaction Lending in a Crisis

w19466 Bryan Kelly
Hanno Lustig
Stijn Van Nieuwerburgh

Firm Volatility in Granular Networks

w19458 Steven J. Davis
John C. Haltiwanger
Kyle Handley
Ron S. Jarmin
Josh Lerner
Javier Miranda

Private Equity, Jobs, and Productivity

w19457 Roger E.A. Farmer
Vadim Khramov

Solving and Estimating Indeterminate DSGE Models

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

w19431 Gary Hansen
Selo Imrohoroglu

Fiscal Reform and Government Debt in Japan: A Neoclassical Perspective

w19425 Anton Cheremukhin
Mikhail Golosov
Sergei Guriev
Aleh Tsyvinski

Was Stalin Necessary for Russia's Economic Development?

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

w19414 Òscar Jordà
Alan M. Taylor

The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

w19411 Paul Beaudry
Franck Portier

News Driven Business Cycles: Insights and Challenges

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

w19390 Robert J. Gordon
The Phillips Curve is Alive and Well: Inflation and the NAIRU During the Slow Recovery

w19388 Mark Aguiar
Manuel Amador

Sovereign Debt: A Review

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

w19381 Nicolae Gârleanu
Stavros Panageas
Jianfeng Yu

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion

w19372 Francisco J. Buera
Joseph P. Kaboski
Min Qiang Zhao

The Rise of Services: the Role of Skills, Scale, and Female Labor Supply

w19371 Robert Ready
Nikolai Roussanov
Colin Ward

Commodity Trade and the Carry Trade: a Tale of Two Countries

w19368 Michael Woodford
Macroeconomic Analysis without the Rational Expectations Hypothesis

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

w19355 Joshua D. Angrist
Òscar Jordà
Guido Kuersteiner

Semiparametric Estimates of Monetary Policy Effects: String Theory Revisited

w19361 Enrico Spolaore
Romain Wacziarg

Long-Term Barriers to Economic Development

w19360 David Backus
Mikhail Chernov
Stanley E. Zin

Identifying Taylor Rules in Macro-Finance Models

w19350 Eric Anderson
Emi Nakamura
Duncan Simester
Jón Steinsson

Informational Rigidities and the Stickiness of Temporary Sales

w19345 Andreas Fuster
Paul S. Willen

Payment Size, Negative Equity, and Mortgage Default

w19343 Harald Uhlig
Sovereign Default Risk and Banks in a Monetary Union

w19339 Timothy J. Kehoe
Kim J. Ruhl
Joseph B. Steinberg

Global Imbalances and Structural Change in the United States

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

w19323 Dean Corbae
Erwan Quintin

Leverage and the Foreclosure Crisis

w19319 Chong Wang
Neng Wang
Jinqiang Yang

Optimal Consumption and Savings with Stochastic Income

w19318 Andrew Caplin
Mark Dean

Behavioral Implications of Rational Inattention with Shannon Entropy

w19313 Emmanuel Farhi
Iván Werning

A Theory of Macroprudential Policies in the Presence of Nominal Rigidities

w19297 David Greenlaw
James D. Hamilton
Peter Hooper
Frederic S. Mishkin

Crunch Time: Fiscal Crises and the Role of Monetary Policy

w19296 Marco Bassetto
Marco Cagetti
Mariacristina De Nardi

Credit Crunches and Credit Allocation in a Model of Entrepreneurship

w19288 Ricardo Reis
The Portuguese Slump and Crash and the Euro Crisis

w19287 Christopher J. Ruhm
Recessions, Healthy No More?

w19278 Russell Cooper
Kalin Nikolov

Government Debt and Banking Fragility: The Spreading of Strategic Uncertainty

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

w19263 Yin-Chi Wang
Ping Wang

Barriers to Health and the Poverty Trap

w19260 Emi Nakamura
Jón Steinsson

High Frequency Identification of Monetary Non-Neutrality

w19258 Robert J. Barro
Environmental Protection, Rare Disasters, and Discount Rates

w19255 Robert C. Feenstra
Robert Inklaar
Marcel Timmer

The Next Generation of the Penn World Table

w19249 Thomas J. Holmes
Ellen R. McGrattan
Edward C. Prescott

Quid Pro Quo: Technology Capital Transfers for Market Access in China

w19248 S. Borağan Aruoba
Frank Schorfheide

Macroeconomic Dynamics Near the ZLB: A Tale of Two Equilibria

w19246 Robin Greenwood
Samuel Hanson

Waves in Ship Prices and Investment

w19187 Ricardo Reis
Central Bank Design

w19238 Matthias Fleckenstein
Francis A. Longstaff
Hanno Lustig

Deflation Risk

w19235 Florian Scheuer
Entrepreneurial Taxation with Endogenous Entry

w19233 James Feyrer
Dimitra Politi
David N. Weil

The Cognitive Effects of Micronutrient Deficiency: Evidence from Salt Iodization in the United States

w19230 Daron Acemoglu
Asuman Ozdaglar
Alireza Tahbaz-Salehi

The Network Origins of Large Economic Downturns

w19228 Guido Lorenzoni
Ivan Werning

Slow Moving Debt Crises

w19221 David K. Levine
Salvatore Modica

Conflict, Evolution, Hegemony, and the Power of the State

w19217 Gian Luca Clementi
Berardino Palazzo

Entry, Exit, Firm Dynamics, and Aggregate Fluctuations

w19213 Dave Donaldson
Richard Hornbeck

Railroads and American Economic Growth: A “Market Access” Approach

w19212 Lawrence E. Blume
William A. Brock
Steven N. Durlauf
Rajshri Jayaraman

Linear Social Interactions Models

w19208 Nicolas Petrosky-Nadeau
Lu Zhang

Solving the DMP Model Accurately

w19207 Nicolas Petrosky-Nadeau
Lu Zhang

Unemployment Crises

w19204 Andrew G. Atkeson
Andrea L. Eisfeldt
Pierre-Olivier Weill

Measuring the Financial Soundness of U.S. Firms, 1926–2012

w19192 V.V. Chari
Patrick J. Kehoe

Bailouts, Time Inconsistency, and Optimal Regulation

w19184 Oliver D. Hart
Luigi Zingales

Liquidity and Inefficient Investment

w19180 Ruediger Bachmann
Benjamin Born
Steffen Elstner
Christian Grimme

Time-Varying Business Volatility, Price Setting, and the Real Effects of Monetary Policy

w19152 Edward P. Herbst
Frank Schorfheide

Sequential Monte Carlo Sampling for DSGE Models

w19146 Rajnish Mehra
Asset Pricing Implications of Macroeconomic Interventions An Application to Climate Policy

w19141 Matthias Doepke
Fabrizio Zilibotti

Culture, Entrepreneurship, and Growth

w19134 Teresa C. Fort
John Haltiwanger
Ron S. Jarmin
Javier Miranda

How Firms Respond to Business Cycles: The Role of Firm Age and Firm Size

w19136 Loukas Karabarbounis
Brent Neiman

The Global Decline of the Labor Share

w19132 Russell Cooper
Hubert Kempf

Deposit Insurance and Orderly Liquidation without Commitment: Can we Sleep Well?

w19131 Claudia Olivetti
The Female Labor Force and Long-run Development: The American Experience in Comparative Perspective

w19129 Mark Gertler
Nobuhiro Kiyotaki

Banking, Liquidity and Bank Runs in an Infinite-Horizon Economy

w19128 Tom Vogl
Differential Fertility, Human Capital, and Development

w19118 Paul Beaudry
David A. Green
Benjamin M. Sand

Spatial Equilibrium with Unemployment and Wage Bargaining: Theory and Estimation

w19117 Nicola Gennaioli
Andrei Shleifer
Robert W. Vishny

Finance and the Preservation of Wealth

w19099 Christopher J. Nekarda
Valerie A. Ramey

The Cyclical Behavior of the Price-Cost Markup

w19094 Kenneth Burdett
Guido Menzio

(Q,S,s) Pricing Rules

w19085 Kfir Eliaz
Rani Spiegler

Reference-Dependence and Labor-Market Fluctuations

w19067 Joshua Aizenman
Ilan Noy

Public and Private Saving and the Long Shadow of Macroeconomic Shocks

w19062 Philippe Bacchetta
Eric van Wincoop

The Great Recession: A Self-Fulfilling Global Panic

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

Adjusting National Accounting 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 Model of Aggregate Demand and Unemployment

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


Generated Thu Apr 17 00:00:14 2014

 
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