NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in Economic Fluctuations and Growth


2016
w21974 Chad Syverson
Challenges to Mismeasurement Explanations for the U.S. Productivity Slowdown

w21967 Grey Gordon
Aaron Hedlund

Accounting for the Rise in College Tuition

w21956 Martin Beraja
Erik Hurst
Juan Ospina

The Aggregate Implications of Regional Business Cycles

w21948 Alessandro Dovis
Mikhail Golosov
Ali Shourideh

Political Economy of Sovereign Debt: A Theory of Cycles of Populism and Austerity

w21942 Alejandro Justiniano
Giorgio E. Primiceri
Andrea Tambalotti

A Simple Model of Subprime Borrowers and Credit Growth

w21935 Doireann Fitzgerald
Stefanie Haller
Yaniv Yedid-Levi

How Exporters Grow

w21931 Greg Kaplan
Guido Menzio
Leena Rudanko
Nicholas Trachter

Relative Price Dispersion: Evidence and Theory

w21928 Philippe Aghion
Ufuk Akcigit
Julia Cagé
William R. Kerr

Taxation, Corruption, and Growth

w21924 Jess Benhabib
Alberto Bisin

Skewed Wealth Distributions: Theory and Empirics

w21920 Zhiguo He
Bryan Kelly
Asaf Manela

Intermediary Asset Pricing: New Evidence from Many Asset Classes

w21914 David Lagakos
Benjamin Moll
Tommaso Porzio
Nancy Qian
Todd Schoellman

Life-Cycle Human Capital Accumulation Across Countries: Lessons From U.S. Immigrants

w21907 Stelios Michalopoulos
Louis Putterman
David N. Weil

The Influence of Ancestral Lifeways on Individual Economic Outcomes in Sub-Saharan Africa

w21905 Ufuk Akcigit
Harun Alp
Michael Peters

Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries

w21898 Jonathan Heathcote
Fabrizio Perri

On the Desirability of Capital Controls

w21897 Greg Kaplan
Benjamin Moll
Giovanni L. Violante

Monetary Policy According to HANK

w21896 Simon H. Boserup
Wojciech Kopczuk
Claus T. Kreiner

The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records

w21892 Mark Gertler
Nobuhiro Kiyotaki
Andrea Prestipino

Wholesale Banking and Bank Runs in Macroeconomic Modelling of Financial Crises

w21890 Kaiji Chen
Jue Ren
Tao Zha

What We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending

w21888 Robert J. Barro
Gordon Y. Liao

Options-Pricing Formula with Disaster Risk

w21887 Claudia Olivetti
Barbara Petrongolo

The Evolution of Gender Gaps in Industrialized Countries

w21880 Kinda Cheryl Hachem
Zheng Michael Song

Liquidity Regulation and Unintended Financial Transformation in China

w21874 Alexander Bick
Nicola Fuchs-Schündeln
David Lagakos

How do Average Hours Worked Vary with Development? Cross-Country Evidence and Implications

w21872 Robert J. Barro
Economic Growth and Convergence, Applied Especially to China

w21871 Robert J. Barro
Tao Jin

Rare Events and Long-Run Risks

w21867 Eric M. Leeper
Campbell Leith

Understanding Inflation as a Joint Monetary-Fiscal Phenomenon

w21866 Narayana Kocherlakota
Fragility of Purely Real Macroeconomic Models

w21864 Gabriel Chodorow-Reich
Johannes Wieland

Secular Labor Reallocation and Business Cycles

w21863 James D. Hamilton
Macroeconomic Regimes and Regime Shifts

w21862 Jesús Fernández-Villaverde
Juan F. Rubio Ramírez
Frank Schorfheide

Solution and Estimation Methods for DSGE Models

w21861 Gene M. Grossman
Elhanan Helpman
Ezra Oberfield
Thomas Sampson

Balanced Growth Despite Uzawa

w21856 Joseph Davis
Marc D. Weidenmier

America's First Great Moderation

w21848 Xavier Gabaix
Behavioral Macroeconomics Via Sparse Dynamic Programming

w21844 Francisco J. Buera
Ezra Oberfield

The Global Diffusion of Ideas

w21843 Emmanuel Farhi
Jean Tirole

Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops

w21840 Jose Asturias
Sewon Hur
Timothy J. Kehoe
Kim J. Ruhl

The Interaction and Sequencing of Policy Reforms


2015
w21838 Susanto Basu
Brent Bundick

Endogenous Volatility at the Zero Lower Bound: Implications for Stabilization Policy

w21830 Jeffrey Clemens
The Minimum Wage and the Great Recession: Evidence from the Current Population Survey

w21822 Eric M. Leeper
Fiscal Analysis is Darned Hard

w21820 Vasco Cúrdia
Michael Woodford

Credit Frictions and Optimal Monetary Policy

w21816 Eric T. Swanson
Measuring the Effects of Unconventional Monetary Policy on Asset Prices

w21814 Saten Kumar
Hassan Afrouzi
Olivier Coibion
Yuriy Gorodnichenko

Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand

w21804 Andrea Eisfeldt
Andrew Demers

Rental Yields and HPA: The Returns to Single Family Rentals

w21803 Sydney C. Ludvigson
Sai Ma
Serena Ng

Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?

w21799 George J. Hall
Thomas J. Sargent

A History of U.S. Debt Limits

w21795 Carola Frydman
Dimitris Papanikolaou

In Search of Ideas: Technological Innovation and Executive Pay Inequality

w21794 Edward L. Glaeser
Giacomo A. M. Ponzetto
Yimei Zou

Urban Networks: Connecting Markets, People, and Ideas

w21784 Matteo Cacciatore
Romain Duval
Giuseppe Fiori
Fabio Ghironi

Short-Term Pain for Long-Term Gain: Market Deregulation and Monetary Policy in Small Open Economies

w21779 Guillaume Rocheteau
Pierre-Olivier Weill
Tsz-Nga Wong

Working through the Distribution: Money in the Short and Long Run

w21776 Ryan A. Decker
John Haltiwanger
Ron S. Jarmin
Javier Miranda

Where Has All The Skewness Gone? The Decline In High-Growth (Young) Firms In The U.S.

w21774 Jonathan Eaton
Samuel S. Kortum
Brent Neiman

Obstfeld and Rogoff's International Macro Puzzles: A Quantitative Assessment

w21772 Lorenz Kueng
Explaining Consumption Excess Sensitivity with Near-Rationality: Evidence from Large Predetermined Payments

w21770 Eric A. Hanushek
Jens Ruhose
Ludger Woessmann

Economic Gains for U.S. States from Educational Reform

w21767 Stefano Giglio
Matteo Maggiori
Johannes Stroebel
Andreas Weber

Climate Change and Long-Run Discount Rates: Evidence from Real Estate

w21764 Robert E. Hall
Andreas I. Mueller

Wage Dispersion and Search Behavior

w21760 Pablo D. Fajgelbaum
Eduardo Morales
Juan Carlos Suárez Serrato
Owen M. Zidar

State Taxes and Spatial Misallocation

w21744 Lee E. Ohanian
Paulina Restrepo-Echavarria
Mark L. J. Wright

Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America

w21743 Mikhail Golosov
Guido Menzio

Agency Business Cycles

w21738 Pooyan Amir Ahmadi
Harald Uhlig

Sign Restrictions in Bayesian FaVARs with an Application to Monetary Policy Shocks

w21734 Charles Yuji Horioka
Akiko Terada-Hagiwara
Takaaki Nomoto

Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited

w21732 David Berger
Joseph Vavra

Dynamics of the U.S. Price Distribution

w21724 Sang Yoon Lee
Yongseok Shin
Donghoon Lee

The Option Value of Human Capital: Higher Education and Wage Inequality

w21721 Jess Benhabib
Alberto Bisin
Mi Luo

Wealth Distribution and Social Mobility in the US: A Quantitative Approach

w21719 Julian Kozlowski
Laura Veldkamp
Venky Venkateswaran

The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation

w21717 Ingvild Almås
Alex Armand
Orazio Attanasio
Pedro Carneiro

Measuring and Changing Control: Women’s Empowerment and Targeted Transfers

w21702 Rasmus Lentz
Nicolas Roys

Training and Search On the Job

w21699 Isaac Ehrlich
Jinyoung Kim

Immigration, Human Capital Formation and Endogenous Economic Growth

w21686 Felipe S. Iachan
Plamen T. Nenov
Alp Simsek

The Choice Channel of Financial Innovation

w21672 Yaguang Zhang
Guo Fan
John Whalley

Economic Cycles in Ancient China

w21670 Ricardo J. Caballero
Emmanuel Farhi
Pierre-Olivier Gourinchas

Global Imbalances and Currency Wars at the ZLB.

w21667 David Berger
Veronica Guerrieri
Guido Lorenzoni
Joseph Vavra

House Prices and Consumer Spending

w21646 Gita Gopinath
The International Price System

w21644 Erik G. Hurst
Benjamin W. Pugsley

Wealth, Tastes, and Entrepreneurial Choice

w21634 Ross Levine
Chen Lin
Lai Wei

Insider Trading and Innovation

w21633 Scott R. Baker
Nicholas Bloom
Steven J. Davis

Measuring Economic Policy Uncertainty

w21630 Kristopher Gerardi
Kyle F. Herkenhoff
Lee E. Ohanian
Paul S. Willen

Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default

w21626 Vadim Elenev
Tim Landvoigt
Stijn Van Nieuwerburgh

Phasing Out the GSEs

w21624 James Feyrer
Erin T. Mansur
Bruce Sacerdote

Geographic Dispersion of Economic Shocks: Evidence from the Fracking Revolution

w21614 Mariana García-Schmidt
Michael Woodford

Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis

w21604 Christopher J. Ruhm
Health Effects of Economic Crises

w21599 Louis Phaneuf
Eric R. Sims
Jean Gardy Victor

Inflation, Output, and Markup Dynamics with Forward-Looking Wage and Price Setters

w21595 Diego A. Comin
Danial Lashkari
Martí Mestieri

Structural Change with Long-run Income and Price Effects

w21581 Atif R. Mian
Amir Sufi
Emil Verner

Household Debt and Business Cycles Worldwide

w21575 Mete Kilic
Jessica A. Wachter

Risk, Unemployment, and the Stock Market: A Rare-Event-Based Explanation of Labor MarketVolatility

w21569 Jeremy C. Stein
Adi Sunderam

Gradualism in Monetary Policy: A Time-Consistency Problem?

w21567 Sumit Agarwal
Souphala Chomsisengphet
Neale Mahoney
Johannes Stroebel

Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession

w21566 Steven N. Durlauf
Salvador Navarro
David A. Rivers

Model Uncertainty and the Effect of Shall-Issue Right-to-Carry Laws on Crime

w21558 Sebnem Kalemli-Ozcan
Bent Sorensen
Carolina Villegas-Sanchez
Vadym Volosovych
Sevcan Yesiltas

How to Construct Nationally Representative Firm Level data from the ORBIS Global Database

w21550 Andrew B. Abel
Crowding Out in Ricardian Economies

w21549 Andrew B. Abel
The Analytics of Investment, q, and Cash Flow

w21547 William D. Nordhaus
Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth

w21539 Nir Jaimovich
Sergio Rebelo
Arlene Wong

Trading Down and the Business Cycle

w21538 Dirk Krueger
Alexander Ludwig

On the Optimal Provision of Social Insurance: Progressive Taxation versus Education Subsidies in General Equilibrium

w21532 Kyle F. Herkenhoff
Lee E. Ohanian

The Impact of Foreclosure Delay on U.S. Employment

w21524 Emmanuel Farhi
Xavier Gabaix

Optimal Taxation with Behavioral Agents

w21512 Sumit Agarwal
Gene Amromin
Souphala Chomsisengphet
Tomasz Piskorski
Amit Seru
Vincent Yao

Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program

w21508 Björn Brügemann
Pieter Gautier
Guido Menzio

Intra Firm Bargaining and Shapley Values

w21506 Stelios Michalopoulos
Alireza Naghavi
Giovanni Prarolo

Islam, Inequality and Pre-Industrial Comparative Development

w21498 Francesco Caselli
Miklós Koren
Milan Lisicky
Silvana Tenreyro

Diversification through Trade

w21495 Robert Shimer
Iván Werning

Efficiency and Information Transmission in Bilateral Trading

w21493 Guido Menzio
Nicholas Trachter

Equilibrium Price Dispersion Across and Within Stores

w21492 Marina Halac
Pierre Yared

Fiscal Rules and Discretion in a World Economy

w21486 Òscar Jordà
Moritz Schularick
Alan M. Taylor

Leveraged Bubbles

w21480 Joel M. David
Ina Simonovska

Correlated Beliefs, Returns, and Stock Market Volatility

w21476 James D. Hamilton
Ethan S. Harris
Jan Hatzius
Kenneth D. West

The Equilibrium Real Funds Rate: Past, Present and Future

w21466 Paul Beaudry
Patrick Fève
Alain Guay
Franck Portier

When is Nonfundamentalness in VARs a Real Problem? An Application to News Shocks

w21458 Sari Kerr
William R. Kerr
Ramana Nanda

House Money and Entrepreneurship

w21456 Cristina Arellano
Andrew Atkeson
Mark Wright

External and Public Debt Crises

w21453 Gita Gopinath
Sebnem Kalemli-Ozcan
Loukas Karabarbounis
Carolina Villegas-Sanchez

Capital Allocation and Productivity in South Europe

w21449 Mila Getmansky
Peter A. Lee
Andrew W. Lo

Hedge Funds: A Dynamic Industry In Transition

w21448 Iván Werning
Incomplete Markets and Aggregate Demand

w21446 Jean-Pierre Dubé
Günter J. Hitsch
Peter E. Rossi

Income and Wealth Effects on Private-Label Demand: Evidence From the Great Recession

w21445 Tarek Alexander Hassan
Thomas Mertens
Tony Zhang

Not so Disconnected: Exchange Rates and the Capital Stock

w21444 Joseph E. Stiglitz
Towards a General Theory of Deep Downturns

w21433 Eric M. Leeper
Nora Traum
Todd B. Walker

Clearing Up the Fiscal Multiplier Morass: Prior and Posterior Analysis

w21430 Jordi Galí
Hysteresis and the European Unemployment Problem Revisited

w21427 Olivier Blanchard
Gustavo Adler
Irineu de Carvalho Filho

Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?

w21426 Olivier Blanchard
Christopher J. Erceg
Jesper Lindé

Jump Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?

w21420 Julio Garín
Robert Lester
Eric Sims

On the Desirability of Nominal GDP Targeting

w21397 Anton Cheremukhin
Mikhail Golosov
Sergei Guriev
Aleh Tsyvinski

The Economy of People’s Republic of China from 1953

w21392 Guido Ascari
Louis Phaneuf
Eric Sims

On the Welfare and Cyclical Implications of Moderate Trend Inflation

w21390 Orazio Attanasio
Arlen Guarín
Carlos Medina
Costas Meghir

Long Term Impacts of Vouchers for Vocational Training: Experimental Evidence for Colombia

w21377 James E. Anderson
Mario Larch
Yoto V. Yotov

Growth and Trade with Frictions: A Structural Estimation Framework

w21376 Fatih Guvenen
Burhanettin Kuruscu
Satoshi Tanaka
David Wiczer

Multidimensional Skill Mismatch

w21369 Jonathan Parker
Why Don't Households Smooth Consumption? Evidence from a 25 Million Dollar Experiment

w21363 Xavier Gabaix
Jean-Michel Lasry
Pierre-Louis Lions
Benjamin Moll

The Dynamics of Inequality

w21358 Casey B. Mulligan
Fiscal Policies and the Prices of Labor: A Comparison of the U.K. and U.S.

w21349 Wolfgang Keller
Carol H. Shiue
Xin Wang

Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices

w21344 Daron Acemoglu
Ufuk Akcigit
William Kerr

Networks and the Macroeconomy: An Empirical Exploration

w21334 Juliane Begenau
Monika Piazzesi
Martin Schneider

Banks' Risk Exposures

w21328 Fernando Alvarez
Gadi Barlevy

Mandatory Disclosure and Financial Contagion

w21327 Joseph E. Stiglitz
The Measurement of Wealth: Recessions, Sustainability and Inequality

w21322 Pascal Michaillat
Emmanuel Saez

The Optimal Use of Government Purchases for Macroeconomic Stabilization

w21320 Manuel Adelino
Antoinette Schoar
Felipe Severino

Loan Originations and Defaults in the Mortgage Crisis: Further Evidence

w21318 Aviv Nevo
Arlene Wong

The Elasticity of Substitution Between Time and Market Goods: Evidence from the Great Recession

w21316 Atif Mian
Amir Sufi
Nasim Khoshkhou

Government Economic Policy, Sentiments, and Consumption

w21315 Orazio Attanasio
Peter Levell
Hamish Low
Virginia Sánchez-Marcos

Aggregating Elasticities: Intensive and Extensive Margins of Female Labour Supply

w21295 Eric A. Hanushek
Jens Ruhose
Ludger Woessmann

Human Capital Quality and Aggregate Income Differences: Development Accounting for U.S. States

w21294 Jess Benhabib
Xuewen Liu
Pengfei Wang

Sentiments, Financial Markets, and Macroeconomic Fluctuations

w21284 Barbara M. Fraumeni
Michael S. Christian
Jon D. Samuels

The Accumulation of Human and Nonhuman Capital, Revisited

w21282 James H. Stock
Mark W. Watson

Core Inflation and Trend Inflation

w21280 Jaume Ventura
Hans-Joachim Voth

Debt into Growth: How Sovereign Debt Accelerated the First Industrial Revolution

w21273 Marina Azzimonti
Partisan Conflict and Private Investment

w21261 Fernando Ferreira
Joseph Gyourko

A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012

w21260 Nicola Gennaioli
Yueran Ma
Andrei Shleifer

Expectations and Investment

w21258 Robert C. Merton
Richard T. Thakor

Customers and Investors: A Framework for Understanding Financial Institutions

w21252 Regis Barnichon
Andrew Figura

Declining Desire to Work and Downward Trends in Unemployment and Participation

w21251 Dominick Bartelme
Yuriy Gorodnichenko

Linkages and Economic Development

w21247 Philippe Aghion
Ufuk Akcigit
Antonin Bergeaud
Richard Blundell
David Hémous

Innovation and Top Income Inequality

w21244 Chun Chang
Kaiji Chen
Daniel F. Waggoner
Tao Zha

Trends and Cycles in China's Macroeconomy

w21241 Paul Beaudry
Dana Galizia
Franck Portier

Reviving the Limit Cycle View of Macroeconomic Fluctuations

w21238 Mark Huggett
Greg Kaplan

How Large is the Stock Component of Human Capital?

w21235 John Haltiwanger
Henry Hyatt
Erika McEntarfer

Cyclical Reallocation of Workers Across Employers by Firm Size and Firm Wage

w21228 Nicola Fuchs-Schuendeln
Tarek Alexander Hassan

Natural Experiments in Macroeconomics

w21220 Claudia R. Sahm
Matthew D. Shapiro
Joel Slemrod

Balance-Sheet Households and Fiscal Stimulus: Lessons from the Payroll Tax Cut and Its Expiration

w21203 Atif Mian
Amir Sufi

Household Debt and Defaults from 2000 to 2010: Facts from Credit Bureau Data

w21201 Miguel Faria-e-Castro
Joseba Martinez
Thomas Philippon

Runs versus Lemons: Information Disclosure and Fiscal Capacity

w21199 Jae Song
David J. Price
Fatih Guvenen
Nicholas Bloom
Till von Wachter

Firming Up Inequality

w21182 Ian Dew-Becker
Stefano Giglio
Anh Le
Marius Rodriguez

The Price of Variance Risk

w21179 Guillaume Rocheteau
Pierre-Olivier Weill
Tsz-Nga Wong

A Tractable Model of Monetary Exchange with Ex-post Heterogeneity

w21173 Robert E. Hall
Ricardo Reis

Maintaining Central-Bank Financial Stability under New-Style Central Banking

w21165 Francisco J. Buera
Joseph P. Kaboski
Richard Rogerson

Skill Biased Structural Change

w21155 Lilia Maliar
Serguei Maliar
John Taylor
Inna Tsener

A Tractable Framework for Analyzing a Class of Nonstationary Markov Models

w21154 Chang-Tai Hsieh
Enrico Moretti

Why Do Cities Matter? Local Growth and Aggregate Growth

w21151 S. Borağan Aruoba
Allan Drazen
Razvan Vlaicu

A Structural Model of Electoral Accountability

w21142 Charles I. Jones
The Facts of Economic Growth

w21118 Pablo Kurlat
Liquidity as Social Expertise

w21112 Hanming Fang
Quanlin Gu
Wei Xiong
Li-An Zhou

Demystifying the Chinese Housing Boom

w21110 Fernando Alvarez
Francesco Lippi

Cash burns: An inventory model with a cash-credit choice

w21107 Francisco J. Buera
Joseph P. Kaboski
Yongseok Shin

Entrepreneurship and Financial Frictions: A Macro-Development Perspective

w21105 Roland Bénabou
Davide Ticchi
Andrea Vindigni

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

w21100 Alan J. Auerbach
Yuriy Gorodnichenko

Effects of Fiscal Shocks in a Globalized World

w21092 Olivier Coibion
Yuriy Gorodnichenko
Saten Kumar

How Do Firms Form Their Expectations? New Survey Evidence

w21091 Jeffrey D. Sachs
Seth G. Benzell
Guillermo LaGarda

Robots: Curse or Blessing? A Basic Framework

w21087 Klaus Desmet
Dávid Krisztián Nagy
Esteban Rossi-Hansberg

The Geography of Development: Evaluating Migration Restrictions and Coastal Flooding

w21086 Nittai K. Bergman
Rajkamal Iyer
Richard T. Thakor

Financial Accelerator at Work: Evidence from Corn Fields

w21079 Cemal Eren Arbatli
Quamrul H. Ashraf
Oded Galor

The Nature of Conflict

w21076 Xavier Giroud
Holger M. Mueller

Firm Leverage and Unemployment during the Great Recession

w21074 David M. Byrne
Stephen D. Oliner
Daniel E. Sichel

How Fast are Semiconductor Prices Falling?

w21069 Philippe Aghion
Ufuk Akcigit
Angus Deaton
Alexandra Roulet

Creative Destruction and Subjective Wellbeing

w21065 John Kennan
Spatial Variation in Higher Education Financing and the Supply of College Graduates

w21064 Gian Luca Clementi
Berardino Palazzo

Investment and The Cross-Section of Equity Returns

w21056 Francesco Bianchi
Rare Events, Financial Crises, and the Cross-Section of Asset Returns

w21052 Roland Bénabou
Davide Ticchi
Andrea Vindigni

Religion and Innovation

w21039 Alan M. Taylor
Credit, Financial Stability, and the Macroeconomy

w21037 Edward L. Glaeser
Charles G. Nathanson

An Extrapolative Model of House Price Dynamics

w21035 Owen M. Zidar
Tax Cuts For Whom? Heterogeneous Effects of Income Tax Changes on Growth and Employment

w21030 Christopher L. Foote
Richard W. Ryan

Labor Market Polarization Over the Business Cycle

w21026 Juan Carlos Conesa
Timothy J. Kehoe

Gambling for Redemption and Self-Fulfilling Debt Crises

w21025 Michael Gelman
Shachar Kariv
Matthew D. Shapiro
Dan Silverman
Steven Tadelis

How Individuals Smooth Spending: Evidence from the 2013 Government Shutdown Using Account Data

w21021 Christina D. Romer
David H. Romer

New Evidence on the Impact of Financial Crises in Advanced Countries

w21018 Xinshen Diao
Margaret McMillan

Toward an Understanding of Economic Growth in Africa: A Re-Interpretation of the Lewis Model

w21016 Hang Bai
Kewei Hou
Howard Kung
Lu Zhang

The CAPM Strikes Back? An Investment Model with Disasters

w21010 Andrei A. Levchenko
Nitya Pandalai-Nayar

TFP, News, and "Sentiments:'" The International Transmission of Business Cycles

w21007 Erik Hurst
Benjamin J. Keys
Amit Seru
Joseph S. Vavra

Regional Redistribution Through the U.S. Mortgage Market

w21006 Chang-Tai Hsieh
Zheng (Michael) Song

Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China

w21001 Andrew Caplin
John Leahy
Filip Matějka

Social Learning and Selective Attention

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

w20848 Manuel Adelino
Antoinette Schoar
Felipe Severino

Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class

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


Generated Sun Feb 14 00:00:28 2016

 
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