NBER Papers in JEL Code E0: Macroeconomics and Monetary Economics - General

2022
w29937 Guido Menzio
Stubborn Beliefs in Search Equilibrium
w29929 Guido Lorenzoni
Iván Werning

A Minimalist Model for the Ruble During the Russian Invasion of Ukraine
w29928 Phil Kerpen
Stephen Moore
Casey B. Mulligan

A Final Report Card on the States' Response to COVID-19
w29908 Kilian Huber
Estimating General Equilibrium Spillovers of Large-Scale Shocks
w29795 Marijn A. Bolhuis
Judd N. L. Cramer
Lawrence H. Summers

The Coming Rise in Residential Inflation
w29770 Deepak Hegde
Kyle F. Herkenhoff
Chenqi Zhu

Patent Publication and Innovation
w29769 Zhesheng Qiu
José-Víctor Ríos-Rull

Procyclical Productivity in New Keynesian Models
w29763 Hites Ahir
Nicholas Bloom
Davide Furceri

The World Uncertainty Index
w29710 Gary B. Gorton
Chase P. Ross
Sharon Y. Ross

Making Money
w29680 Viral V. Acharya
Raghuram Rajan

Liquidity, Liquidity Everywhere, Not a Drop to Use - Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity
w29666 Tasso Adamopoulos
Loren Brandt
Chaoran Chen
Diego Restuccia
Xiaoyun Wei

Land Security and Mobility Frictions
w29628 Philip J. Glandon
Kenneth Kuttner
Sandeep Mazumder
Caleb Stroup

Macroeconomic Research, Present and Past
2021
w29623 Simon Jäger
Christopher Roth
Nina Roussille
Benjamin Schoefer

Worker Beliefs About Outside Options
w29617 Daniel E. Sichel
The Price of Nails since 1695: A Window into Economic Change
w29484 Michael Kremer
Jack Willis
Yang You

Converging to Convergence
w29466 Martin Beraja
Andrew Kao
David Y. Yang
Noam Yuchtman

AI-tocracy
w29431 Janice C. Eberly
Jonathan Haskel
Paul Mizen

"Potential Capital", Working From Home, and Economic Resilience
w29400 Matthew Smith
Danny Yagan
Owen M. Zidar
Eric Zwick

The Rise of Pass-Throughs and the Decline of the Labor Share
w29374 Matthew Smith
Owen M. Zidar
Eric Zwick

Top Wealth in America: New Estimates and Implications for Taxing the Rich
w29368 Thomas Kroen
Ernest Liu
Atif R. Mian
Amir Sufi

Falling Rates and Rising Superstars
w29349 Davin Chor
Bingjing Li

Illuminating the Effects of the US-China Tariff War on China's Economy
w29338 Isaac Baley
Laura Veldkamp

Bayesian Learning
w29290 Job Boerma
Aleh Tsyvinski
Alexander P. Zimin

Sorting with Team Formation
w29233 Simon Mongey
Market Structure and Monetary Non-neutrality
w29158 Gauti B. Eggertsson
Cosimo Petracchi

Mr. Keynes and the "Classics"; A Suggested Reinterpretation
w29134 Riccardo Bianchi Vimercati
Martin S. Eichenbaum
Joao Guerreiro

Fiscal Policy at the Zero Lower Bound without Rational Expectations
w29126 Charles I. Jones
The Past and Future of Economic Growth: A Semi-Endogenous Perspective
w29109 Nicolas Crouzet
Janice C. Eberly

Intangibles, Markups, and the Measurement of Productivity Growth
w29099 Alexander Bick
Nicola Fuchs-Schündeln
David Lagakos
Hitoshi Tsujiyama

Structural Change in Labor Supply and Cross-Country Differences in Hours Worked
w29094 David Laibson
Peter Maxted
Benjamin Moll

Present Bias Amplifies the Household Balance-Sheet Channels of Macroeconomic Policy
w29060 Serena Ng
Modeling Macroeconomic Variations after Covid-19
w29046 Rohini Pande
Nils T. Enevoldsen

Growing Pains? A Comment on "Converging to Convergence"
w28981 Mahdi Ebrahimi Kahou
Jesús Fernández-Villaverde
Jesse Perla
Arnav Sood

Exploiting Symmetry in High-Dimensional Dynamic Programming
w28928 Vittorio Bassi
Raffaela Muoio
Tommaso Porzio
Ritwika Sen
Esau Tugume

Achieving Scale Collectively
w28923 Ṣebnem Kalemli-Özcan
Liliana Varela

Five Facts about the UIP Premium
w28907 Nuno Coimbra
Daisoon Kim
Hélène Rey

Central Bank Policy and the Concentration of Risk: Empirical Estimates
w28902 Alexis Antoniades
Robert C. Feenstra
Mingzhi Xu

Using the Retail Distribution of Sellers to Impute Expenditures Shares
w28895 Fabian Kindermann
Julia Le Blanc
Monika Piazzesi
Martin Schneider

Learning about Housing Cost: Survey Evidence from the German House Price Boom
w28888 James D. Hamilton
Supply, Demand, and Specialized Production
w28839 Melissa C. Chow
Teresa C. Fort
Christopher Goetz
Nathan Goldschlag
James Lawrence
Elisabeth Ruth Perlman
Martha Stinson
T. Kirk White

Redesigning the Longitudinal Business Database
w28815 Andrea L. Eisfeldt
Antonio Falato
Mindy Z. Xiaolan

Human Capitalists
w28777 Wenxin Du
Jesse Schreger

CIP Deviations, the Dollar, and Frictions in International Capital Markets
w28761 Jan De Loecker
Jan Eeckhout
Simon Mongey

Quantifying Market Power and Business Dynamism in the Macroeconomy
w28754 David Baqaee
Ariel Burstein

Welfare and Output with Income Effects and Taste Shocks
w28712 Georgii Riabov
Aleh Tsyvinski

Policy with Stochastic Hysteresis
w28711 Alberto Cavallo
Robert C. Feenstra
Robert Inklaar

Product Variety, the Cost of Living and Welfare Across Countries
w28613 Daniel L. Greenwald
Matteo Leombroni
Hanno Lustig
Stijn Van Nieuwerburgh

Financial and Total Wealth Inequality with Declining Interest Rates
w28604 Francesco Bianchi
Cosmin L. Ilut
Hikaru Saijo

Diagnostic Business Cycles
w28580 William N. Goetzmann
Christophe Spaenjers
Stijn Van Nieuwerburgh

Real and Private-Value Assets
w28536 Alina Carare
Carlos de Resende
Andrew T. Levin
Chelsea Zhang

Do Monetary Policy Frameworks Matter in Low Income Countries?
w28521 Luciana Galeano
Alejandro Izquierdo
Jorge P. Puig
Carlos A. Vegh
Guillermo Vuletin

Can Automatic Government Spending Be Procyclical?
w28426 Alp Simsek
The Macroeconomics of Financial Speculation
w28416 Pedro Bordalo
Nicola Gennaioli
Andrei Shleifer
Stephen J. Terry

Real Credit Cycles
w28415 Joseph E. Stiglitz
Economic Fluctuations and Pseudo-Wealth
w28385 Cecile Gaubert
Patrick M. Kline
Damián Vergara
Danny Yagan

Trends in U.S. Spatial Inequality: Concentrating Affluence and a Democratization of Poverty
w28366 Tobias Broer
Per Krusell
Erik Öberg

Fiscal Multipliers: A Heterogenous-Agent Perspective
w28346 David Baqaee
Emmanuel Farhi

Keynesian Production Networks and the Covid-19 Crisis: A Simple Benchmark
w28345 David Baqaee
Emmanuel Farhi
Kunal Sangani

The Supply-Side Effects of Monetary Policy
w28314 Nicholas Bloom
Robert S. Fletcher
Ethan Yeh

The Impact of COVID-19 on US Firms
2020
w28281 Misha Galashin
Martin Kanz
Ricardo Perez-Truglia

Macroeconomic Expectations and Credit Card Spending
w28261 Roger Farmer
Jean-Philippe Bouchaud

Self-Fulfilling Prophecies, Quasi Non-Ergodicity & Wealth Inequality
w28233 Nicholas Bloom
Philip Bunn
Paul Mizen
Pawel Smietanka
Gregory Thwaites

The Impact of Covid-19 on Productivity
w28230 Charlotte Bartels
Simon Jäger
Natalie Obergruber

Long-Term Effects of Equal Sharing: Evidence from Inheritance Rules for Land
w28204 Xavier Gabaix
Ralph S. J. Koijen

Granular Instrumental Variables
w28200 David A. Green
Ali Karimirad
Gaëlle Simard-Duplain
Henry E. Siu

COVID and the Economic Importance of In-Person K-12 Schooling
w28178 Ernest Liu
Aleh Tsyvinski

Dynamical Structure and Spectral Properties of Input-Output Networks
w28177 Angus Deaton
Paul Schreyer

GDP, Wellbeing, and Health: Thoughts on the 2017 Round of the International Comparison Program
w28170 Chong-En Bai
Chang-Tai Hsieh
Zheng Michael Song
Xin Wang

The Rise of State-Connected Private Owners in China
w28092 Kaiji Chen
Qing Wang
Tong Xu
Tao Zha

Aggregate and Distributional Impacts of LTV Policy: Evidence from China's Micro Data
w28090 Gary D. Hansen
Lee E. Ohanian
Fatih Ozturk

Dynamic General Equilibrium Modeling of Long and Short-Run Historical Events
w28075 Rava Azeredo da Silveira
Yeji Sung
Michael Woodford

Optimally Imprecise Memory and Biased Forecasts
w28044 Olivier Coibion
Yuriy Gorodnichenko
Michael Weber

Political Polarization and Expected Economic Outcomes
w28010 Michael Boutros
Itzhak Ben-David
John R. Graham
Campbell R. Harvey
John W. Payne

The Persistence of Miscalibration
w28008 Diego A. Comin
Javier Quintana Gonzalez
Tom G. Schmitz
Antonella Trigari

Measuring TFP: The Role of Profits, Adjustment Costs, and Capacity Utilization
w27961 Scott R. Baker
Aniket Baksy
Nicholas Bloom
Steven J. Davis
Jonathan A. Rodden

Elections, Political Polarization, and Economic Uncertainty
w27958 Ariel Burstein
Vasco M. Carvalho
Basile Grassi

Bottom-up Markup Fluctuations
w27841 Anand Chopra
Michael B. Devereux
Amartya Lahiri

Pandemics Through the Lens of Occupations
w27815 Qi Chen
Itay Goldstein
Zeqiong Huang
Rahul Vashishtha

Liquidity Transformation and Fragility in the US Banking Sector
w27806 David O. Argente
Chang-Tai Hsieh
Munseob Lee

Measuring the Cost of Living in Mexico and the US
w27794 Greg Kaplan
Benjamin Moll
Giovanni L. Violante

The Great Lockdown and the Big Stimulus: Tracing the Pandemic Possibility Frontier for the U.S.
w27763 Kaiji Chen
Haoyu Gao
Patrick C. Higgins
Daniel F. Waggoner
Tao Zha

Monetary Stimulus Amidst the Infrastructure Investment Spree: Evidence from China's Loan-Level Data
w27733 Qian Chen
Christoffer Koch
Padma Sharma
Gary Richardson

Payments Crises and Consequences
w27723 Martin Beraja
David Y. Yang
Noam Yuchtman

Data-intensive Innovation and the State: Evidence from AI Firms in China
w27721 Haelim Anderson
Selman Erol
Guillermo Ordoñez

Interbank Networks in the Shadows of the Federal Reserve Act
w27702 George-Marios Angeletos
Chen Lian

Confidence and the Propagation of Demand Shocks
w27669 Gauti B. Eggertsson
Marc Giannoni

Medium-Term Money Neutrality and the Effective Lower Bound
w27536 Olivier Wang
Iván Werning

Dynamic Oligopoly and Price Stickiness
w27510 Andrew N. Greenland
Mihai Ion
John W. Lopresti
Peter K. Schott

Using Equity Market Reactions to Infer Exposure to Trade Liberalization
w27499 Manuel Adelino
William B. McCartney
Antoinette Schoar

The Role of Government and Private Institutions in Credit Cycles in the U.S. Mortgage Market
w27481 Mark Gertler
Nobuhiro Kiyotaki
Andrea Prestipino

Credit Booms, Financial Crises and Macroprudential Policy
w27453 Martin M. Guzman
Joseph E. Stiglitz

Towards a Dynamic Disequilibrium Theory with Randomness
w27446 Jennifer Bennett
Robert Kornfeld
Daniel Sichel
David Wasshausen

Measuring Infrastructure in BEA's National Economic Accounts
w27439 Julian Kozlowski
Laura Veldkamp
Venky Venkateswaran

Scarring Body and Mind: The Long-Term Belief-Scarring Effects of COVID-19
w27431 Raj Chetty
John N. Friedman
Nathaniel Hendren
Michael Stepner
The Opportunity Insights Team

The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data
w27425 Robert J. Gordon
Hassan Sayed

Transatlantic Technologies: The Role of ICT in the Evolution of U.S. and European Productivity Growth
w27418 David Altig
Scott R. Baker
Jose Maria Barrero
Nicholas Bloom
Philip Bunn
Scarlet Chen
Steven J. Davis
Julia Leather
Brent H. Meyer
Emil Mihaylov
Paul Mizen
Nicholas B. Parker
Thomas Renault
Pawel Smietanka
Greg Thwaites

Economic Uncertainty Before and During the COVID-19 Pandemic
w27406 Francesco Bianchi
Sydney C. Ludvigson
Sai Ma

Belief Distortions and Macroeconomic Fluctuations
w27340 Robert E. Hall
Charles I. Jones
Peter J. Klenow

Trading Off Consumption and COVID-19 Deaths
w27313 Ricardo J. Caballero
Alp Simsek

Monetary Policy with Opinionated Markets
w27308 George-Marios Angeletos
Zhen Huo
Karthik A. Sastry

Imperfect Macroeconomic Expectations: Evidence and Theory
w27281 David Baqaee
Emmanuel Farhi

Nonlinear Production Networks with an Application to the Covid-19 Crisis
w27257 Xiaohong Chen
Lars P. Hansen
Peter G. Hansen

Robust Identification of Investor Beliefs
w27220 David O. Argente
Chang-Tai Hsieh
Munseob Lee

The Cost of Privacy: Welfare Effects of the Disclosure of COVID-19 Cases
w27193 Anna Stansbury
Lawrence H. Summers

The Declining Worker Power Hypothesis: An explanation for the recent evolution of the American economy
w27191 Cem Çakmaklı
Selva Demiralp
Ṣebnem Kalemli-Özcan
Sevcan Yesiltas
Muhammed A. Yildirim

COVID-19 and Emerging Markets: A SIR Model, Demand Shocks and Capital Flows
w27179 Guillermo Ordoñez
Facundo Piguillem

Savings and Saving Rates: Up or Down?
w27170 Barbara M. Fraumeni
Michael S. Christian
Jon D. Samuels

The Accumulation of Human and Market Capital in the United States: The Long View, 1948-2013
w27152 David Baqaee
Emmanuel Farhi

Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis
w27140 David Baqaee
Emmanuel Farhi

Entry vs. Rents: Aggregation with Economies of Scale
w27139 David Baqaee
Emmanuel Farhi
Kunal Sangani

The Darwinian Returns to Scale
w27136 Richard K. Lyons
Ganesh Viswanath-Natraj

What Keeps Stablecoins Stable?
w27128 Jesús Fernández-Villaverde
Charles I. Jones

Estimating and Simulating a SIRD Model of COVID-19 for Many Countries, States, and Cities
w27105 Victoria Gregory
Guido Menzio
David G. Wiczer

Pandemic Recession: L or V-Shaped?
w27060 Casey B. Mulligan
Economic Activity and the Value of Medical Innovation during a Pandemic
w27056 Victoria Ivashina
Luc Laeven
Enrique Moral-Benito

Loan Types and the Bank Lending Channel
w27044 Ricardo J. Caballero
Alp Simsek

A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a "Covid-19" Shock
w26971 Tarek Alexander Hassan
Stephan Hollander
Laurence van Lent
Markus Schwedeler
Ahmed Tahoun

Firm-Level Exposure to Epidemic Diseases: COVID-19, SARS, and H1N1
w26954 Daniel Lewis
Karel Mertens
James H. Stock

U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak
w26872 Michael McCracken
Serena Ng

FRED-QD: A Quarterly Database for Macroeconomic Research
w26867 Andrew Atkeson
What Will Be the Economic Impact of COVID-19 in the US? Rough Estimates of Disease Scenarios
w26855 Antonio Coppola
Matteo Maggiori
Brent Neiman
Jesse Schreger

Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens
w26830 Yueran Ma
Tiziano Ropele
David Sraer
David Thesmar

A Quantitative Analysis of Distortions in Managerial Forecasts
w26814 Bomin Jiang
Roberto Rigobon
Munther A. Dahleh

Contingent Linear Financial Networks
w26723 Lawrence J. Christiano
Martin S. Eichenbaum
Mathias Trabandt

Why is Unemployment so Countercyclical?
w26710 Christoffer Koch
Gary Richardson
Patrick Van Horn

Countercyclical Capital Buffers: A Cautionary Tale
w26666 Òscar Jordà
Sanjay R. Singh
Alan M. Taylor

The Long-Run Effects of Monetary Policy
w26663 Gary B. Gorton
Private Money Production without Banks
w26651 Charles I. Jones
The End of Economic Growth? Unintended Consequences of a Declining Population
w26650 N. Gregory Mankiw
A Skeptic's Guide to Modern Monetary Theory
w26648 Leland Bybee
Bryan T. Kelly
Asaf Manela
Dacheng Xiu

The Structure of Economic News
w26634 Giovanni Dosi
Richard B. Freeman
Marcelo C. Pereira
Andrea Roventini
Maria Enrica Virgillito

The Impact of Deunionization on the Growth and Dispersion of Productivity and Pay
w26625 Rodrigo Adão
Martin Beraja
Nitya Pandalai-Nayar

Technological Transitions with Skill Heterogeneity Across Generations
2019
w26580 Patrick J. Kehoe
Pierlauro Lopez
Virgiliu Midrigan
Elena Pastorino

Asset Prices and Unemployment Fluctuations
w26578 Charles R. Hulten
Leonard I. Nakamura

Expanded GDP for Welfare Measurement in the 21st Century
w26501 Gabriel Chodorow-Reich
Regional Data in Macroeconomics: Some Advice for Practitioners
w26353 Michael E. Waugh
The Consumption Response to Trade Shocks: Evidence from the US-China Trade War
w26331 Fernando M. Aragon Sanchez
Diego Restuccia
Juan Pablo Rud

Are Small Farms Really more Productive than Large Farms?
w26297 Ṣebnem Kalemli-Özcan
U.S. Monetary Policy and International Risk Spillovers
w26290 Carolin Pflueger
Emil Siriwardane
Adi Sunderam

Financial Market Risk Perceptions and the Macroeconomy
w26260 Charles I. Jones
Christopher Tonetti

Nonrivalry and the Economics of Data
w26255 Stefan Nagel
Zhengyang Xu

Asset Pricing with Fading Memory
w26236 Fernando Arce
Julien Bengui
Javier Bianchi

A Macroprudential Theory of Foreign Reserve Accumulation
w26218 Nicholas Bloom
Philip Bunn
Scarlet Chen
Paul Mizen
Pawel Smietanka
Gregory Thwaites

The Impact of Brexit on UK Firms
w26143 Alessandra Fogli
Veronica Guerrieri

The End of the American Dream? Inequality and Segregation in US Cities
w26136 Gilbert Cette
Lorraine Koehl
Thomas Philippon

Labor Shares in Some Advanced Economies
w26102 Moritz Lenel
Monika Piazzesi
Martin Schneider

The Short Rate Disconnect in a Monetary Economy
w26010 David Byrne
Carol Corrado

Accounting for Innovation in Consumer Digital Services: IT Still Matters
w25998 Pedro Bento
Diego Restuccia

The Role of Nonemployers in Business Dynamism and Aggregate Productivity
w25977 Ricardo J. Caballero
Alp Simsek

Prudential Monetary Policy
w25970 Kimberly A. Berg
Chadwick C. Curtis
Steven Lugauer
Nelson C. Mark

Demographics and Monetary Policy Shocks
w25956 David Altig
Jose Maria Barrero
Nicholas Bloom
Steven J. Davis
Brent H. Meyer
Nicholas Parker

Surveying Business Uncertainty
w25839 Chong-En Bai
Chang-Tai Hsieh
Zheng Michael Song

Special Deals with Chinese Characteristics
w25838 Yosef Bonaparte
Russell Cooper
Mengli Sha

Rationalizing Trading Frequency and Returns: Maybe Trading is Good for You
w25826 Robert J. Barro
Double-Counting of Investment
w25816 Assaf Razin
The Struggle Towards Macroeconomic Stability: Analytical Essay
w25782 Pierre-Olivier Gourinchas
Hélène Rey
Maxime Sauzet

The International Monetary and Financial System
w25778 James D. Hamilton
Measuring Global Economic Activity
w25754 Wei Chen
Xilu Chen
Chang-Tai Hsieh
Zheng Song

A Forensic Examination of China's National Accounts
w25744 Stefano Giglio
Matteo Maggiori
Johannes Stroebel
Stephen Utkus

Five Facts about Beliefs and Portfolios
w25725 Charles I. Jones
Taxing Top Incomes in a World of Ideas
w25707 Andrew Caplin
John V. Leahy

Wishful Thinking
w25703 Robert J. Gordon
Hassan Sayed

The Industry Anatomy of the Transatlantic Productivity Growth Slowdown
w25690 Ravi Bansal
Shane Miller
Dongho Song
Amir Yaron

The Term Structure of Equity Risk Premia
w25688 David Baqaee
Emmanuel Farhi

A Short Note on Aggregating Productivity
w25645 Ana Aizcorbe
David M. Byrne
Daniel E. Sichel

Getting Smart About Phones: New Price Indexes and the Allocation of Spending Between Devices and Services Plans in Personal Consumption Expenditures
w25609 Germán Gutiérrez
Callum Jones
Thomas Philippon

Entry Costs and the Macroeconomy
w25599 Daniel Sichel
Eric von Hippel

Household Innovation, R&D, and New Measures of Intangible Capital
w25558 Daniel E. Sichel
Productivity Measurement: Racing to Keep Up
w25536 Robert J. Shiller
Narratives about Technology-Induced Job Degradations Then and Now
w25515 Maryam Farboodi
Roxana Mihet
Thomas Philippon
Laura Veldkamp

Big Data and Firm Dynamics
w25465 Gabriel Ehrlich
John C. Haltiwanger
Ron S. Jarmin
David Johnson
Matthew D. Shapiro

Minding Your Ps and Qs: Going from Micro to Macro in Measuring Prices and Quantities
w25452 Gary Gorton
Toomas Laarits
Tyler Muir

1930: First Modern Crisis
w25421 Joao Ayres
Marcio Garcia
Diogo A. Guillén
Patrick J. Kehoe

The Monetary and Fiscal History of Brazil, 1960-2016
2018
w25404 George-Marios Angeletos
Karthik A. Sastry

Managing Expectations: Instruments vs. Targets
w25334 Alejandro Graziano
Kyle Handley
Nuno Limão

Brexit Uncertainty and Trade Disintegration
w25296 Wei Xiong
The Mandarin Model of Growth
w25293 David Baqaee
Emmanuel Farhi

The Microeconomic Foundations of Aggregate Production Functions
w25282 Emmanuel Farhi
François Gourio

Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia
w25242 Wen Chen
Bart Los
Marcel P. Timmer

Factor Incomes in Global Value Chains: The Role of Intangibles
w25230 Simon Jäger
Benjamin Schoefer
Samuel G. Young
Josef Zweimüller

Wages and the Value of Nonemployment
w25188 David Byrne
Carol Corrado
Daniel E. Sichel

The Rise of Cloud Computing: Minding Your P's, Q's and K's
w25157 David W. Berger
Konstantin Milbradt
Fabrice Tourre
Joseph Vavra

Mortgage Prepayment and Path-Dependent Effects of Monetary Policy
w25148 Erik Brynjolfsson
Daniel Rock
Chad Syverson

The Productivity J-Curve: How Intangibles Complement General Purpose Technologies
w25122 Klaus Adam
Dmitry Matveev
Stefan Nagel

Do Survey Expectations of Stock Returns Reflect Risk-Adjustments?
w25048 Julien Bengui
Javier Bianchi

Macroprudential Policy with Leakages
w25029 Maria Borga
Cecilia Caliandro

Eliminating the Pass-Through: Towards FDI Statistics that Better Capture the Financial and Economic Linkages between Countries
w24968 Pedro Bento
Diego Restuccia

On Average Establishment Size across Sectors and Countriesy
w24932 Pedro Bordalo
Nicola Gennaioli
Yueran Ma
Andrei Shleifer

Over-reaction in Macroeconomic Expectations
w24925 Edward L. Glaeser
Ming Lu

Human-Capital Externalities in China
w24915 Jennifer Bruner
Dylan G. Rassier
Kim J. Ruhl

Multinational Profit Shifting and Measures throughout Economic Accounts
w24902 Gauti B. Eggertsson
Manuel Lancastre
Lawrence H. Summers

Aging, Output Per Capita and Secular Stagnation
w24895 Jonathan H. Wright
Seasonal Adjustment of NIPA data
w24875 George-Marios Angeletos
Fabrice Collard
Harris Dellas

Business Cycle Anatomy
w24859 Silke Stapel-Weber
Paul Konijn
John Verrinder
Henk Nijmeijer

Meaningful Information for Domestic Economies in the Light of Globalization - Will Additional Macroeconomic Indicators and Different Presentations Shed Light?
w24823 Atif Mian
Amir Sufi

Credit Supply and Housing Speculation
w24811 Lawrence J. Christiano
Martin S. Eichenbaum
Mathias Trabandt

On DSGE Models
w24800 Chris Edmond
Virgiliu Midrigan
Daniel Yi Xu

How Costly Are Markups?
w24776 Mari Tanaka
Nicholas Bloom
Joel M. David
Maiko Koga

Firm Performance and Macro Forecast Accuracy
w24768 Jan De Loecker
Jan Eeckhout

Global Market Power
w24757 Vadim Elenev
Tim Landvoigt
Stijn Van Nieuwerburgh

A Macroeconomic Model with Financially Constrained Producers and Intermediaries
w24734 Greg Kaplan
Giovanni L. Violante

Microeconomic Heterogeneity and Macroeconomic Shocks
w24702 Omar Barbiero
Emmanuel Farhi
Gita Gopinath
Oleg Itskhoki

The Macroeconomics of Border Taxes
w24697 Ulrike Malmendier
Demian Pouzo
Victoria Vanasco

Investor Experiences and Financial Market Dynamics
w24692 Michael Woodford
Monetary Policy Analysis when Planning Horizons are Finite
w24685 Paul Beaudry
Tim Willems

On the Macroeconomic Consequences of Over-Optimism
w24650 Michael D. Bordo
Klodiana Istrefi

Perceived FOMC: The Making of Hawks, Doves and Swingers
w24612 Lawrence Christiano
Martin S. Eichenbaum
Benjamin K. Johannsen

Does the New Keynesian Model Have a Uniqueness Problem?
w24599 John Bailey Jones
Mariacristina De Nardi
Eric French
Rory McGee
Justin Kirschner

The Lifetime Medical Spending of Retirees
w24571 Iván Alfaro
Nicholas Bloom
Xiaoji Lin

The Finance Uncertainty Multiplier
w24545 George-Marios Angeletos
Zhen Huo

Myopia and Anchoring
w24514 Erik Brynjolfsson
Felix Eggers
Avinash Gannamaneni

Using Massive Online Choice Experiments to Measure Changes in Well-being
w24485 Gita Gopinath
Jeremy C. Stein

Banking, Trade, and the making of a Dominant Currency
w24419 Maxim Pinkovskiy
Xavier Sala-i-Martin

Shining a Light on Purchasing Power Parities
w24393 Roger Farmer
Pawel Zabczyk

The Household Fallacy
w24368 Jeronimo Carballo
Kyle Handley
Nuno Limão

Economic and Policy Uncertainty: Export Dynamics and the Value of Agreements
w24357 Sangmin Aum
Sang Yoon (Tim) Lee
Yongseok Shin

Computerizing Industries and Routinizing Jobs: Explaining Trends in Aggregate Productivity
w24261 Roger Farmer
Pricing Assets in a Perpetual Youth Model
w24258 Daniel R. Feenberg
Clinton Tepper
Ivo Welch

Are Interest Rates Really Low?
w24257 Dan Cao
Iván Werning

Saving and Dissaving with Hyperbolic Discounting
w24246 Alberto F. Alesina
Carlo Favero
Francesco Giavazzi

What do we know about the effects of Austerity?
w24230 Zheng Michael Song
Wei Xiong

Risks in China's Financial System
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Lawrence H. Summers

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Nobuhiro Kiyotaki
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A Macroeconomic Model with Financial Panics
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Theresa Kuchler
Johannes Stroebel

House Price Beliefs And Mortgage Leverage Choice
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Raj Chetty
Xavier Jaravel
Neviana Petkova
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Camelia M. Kuhnen
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Socioeconomic Status and Macroeconomic Expectations
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Diego Restuccia
Raül Santaeulàlia-Llopis

The Effects of Land Markets on Resource Allocation and Agricultural Productivity
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Emmanuel Farhi

Productivity and Misallocation in General Equilibrium
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Gauti B. Eggertsson
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The Rise, the Fall, and the Resurrection of Iceland
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Jón Steinsson

Identification in Macroeconomics
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Information Aversion
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Theodore Palivos
Ping Wang
Yin-Chi Wang
Chong K. Yip

Dynamic Trade, Endogenous Institutions and the Colonization of Hong Kong: A Staged Development Framework
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Jeremiah Dittmar
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Religious Competition and Reallocation: The Political Economy of Secularization in the Protestant Reformation
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Jean Tirole

Shadow Banking and the Four Pillars of Traditional Financial Intermediation
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Martina Kirchberger
David Lagakos

In Search of a Spatial Equilibrium in the Developing World
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David Berger
Robert Dent
Benjamin Pugsley

Older and Slower: The Startup Deficit's Lasting Effects on Aggregate Productivity Growth
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How Credit Cycles across a Financial Crisis
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Pierre L. Siklos

Central Banks: Evolution and Innovation in Historical Perspective
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Employment Hysteresis from the Great Recession
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Giovanni Nicolò

Keynesian Economics without the Phillips Curve
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Ian Dew-Becker
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Where Modern Macroeconomics Went Wrong
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Financialization in Commodity Markets
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Giacomo De Giorgi
Jaromir Nosal

Credit Growth and the Financial Crisis: A New Narrative
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Jiequn Han
Jean-Michel Lasry
Pierre-Louis Lions
Benjamin Moll

Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach
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Stephanie Schmitt-Grohé
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Learning to Live in a Liquidity Trap
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Thomas Piketty
Gabriel Zucman

From Soviets to Oligarchs: Inequality and Property in Russia, 1905-2016
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What Information Drives Asset Prices?
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Giacomo A.M. Ponzetto

Fundamental Errors in the Voting Booth
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Laurence J. Kotlikoff
Guillermo LaGarda

Simulating Business Cash Flow Taxation: An Illustration Based on the "Better Way" Corporate Tax Reform
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Gary Richardson
Shirley Wang

Contagion During the Initial Banking Panic of the Great Depression
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Joanne Yoong
Jonathan Zinman

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A Risk-centric Model of Demand Recessions and Speculation
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Ruiqing (Rachel) Cao
Theresa Kuchler
Johannes Stroebel
Arlene Wong

Measuring Social Connectedness
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Greg Kaplan
Benjamin Moll
Thomas Winberry
Christian Wolf

When Inequality Matters for Macro and Macro Matters for Inequality
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Yothin Jinjarak
Gemma Estrada
Shu Tian

Flexibility of Adjustment to Shocks: Economic Growth and Volatility of Middle-Income Countries Before and After the Global Financial Crisis of 2008
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Richard Rogerson

The Causes and Costs of Misallocation
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Chen Lian

Dampening General Equilibrium: From Micro to Macro
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Jue Ren
Tao Zha

The Nexus of Monetary Policy and Shadow Banking in China
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Stephen Oliner
Daniel Sichel

Prices of High-Tech Products, Mismeasurement, and Pace of Innovation
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Li Yang
Gabriel Zucman

Capital Accumulation, Private Property and Rising Inequality in China, 1978-2015
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Nicholas Bloom
Brian Lucking
Raffaella Sadun
John Van Reenen

Turbulence, Firm Decentralization and Growth in Bad Times
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Marina Mendes Tavares
Diego Restuccia

Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity
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Fernando Parro
Aleh Tsyvinski

Distortions and the Structure of the World Economy
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Raymond J. Mataloni
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Kim J. Ruhl

Offshore Profit Shifting and Aggregate Measurement: Balance of Payments, Foreign Investment, Productivity, and the Labor Share
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Greg Kaplan

Top Income Inequality in the 21st Century: Some Cautionary Notes
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Leonard Nakamura

Accounting for Growth in the Age of the Internet: The Importance of Output-Saving Technical Change
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Underestimating the Real Growth of GDP, Personal Income and Productivity
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S. Viswanathan

Financial Intermediary Capital
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Iván Werning

Monetary Policy, Bounded Rationality, and Incomplete Markets
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David Laibson

Myopia and Discounting
w23235 Patrick J. Kehoe
Elena Pastorino

Financial Markets and Fiscal Unions
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Stefan Nagel
Zhen Yan

The Making of Hawks and Doves: Inflation Experiences on the FOMC
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Henry E. Siu

High-Skilled Immigration, STEM Employment, and Non-Routine-Biased Technical Change
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Mingzhi Xu
Alexis Antoniades

What is the Price of Tea in China? Towards the Relative Cost of Living in Chinese and U.S. Cities
w23156 Roger E.A. Farmer
The End of Alchemy: A Review Essay
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Sebnem Kalemli-Ozcan
Mehmet Fatih Ulu
Yusuf Soner Baskaya

International Spillovers and Local Credit Cycles
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Christian Proebsting
Linda L. Tesar

Austerity in the Aftermath of the Great Recession
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Emmanuel Farhi

The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem
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Venky Venkateswaran

The Sources of Capital Misallocation
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Emmanuel Farhi
Pierre-Olivier Gourinchas

Rents, Technical Change, and Risk Premia: Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares
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Lucas Chancel
Thomas Piketty
Emmanuel Saez
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Global Inequality Dynamics: New Findings from WID.world
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Post Keynesian Dynamic Stochastic General Equilibrium Theory
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Narrative Economics
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Moritz Schularick
Alan M. Taylor

The effects of quasi-random monetary experiments
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Israel's Triumph over Inflation: The Long and Winding Road
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Joanne Yoong
Jonathan Zinman

The Quest for Parsimony in Behavioral Economics: New Methods and Evidence on Three Fronts
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Yunzhi Hu
Raghuram G. Rajan

Pledgeability, Industry Liquidity, and Financing Cycles
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Marcelo Ochoa
Dana Kiku

Climate Change and Growth Risks
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Lara Loewenstein
Paul S. Willen

Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications
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Luminita Stevens
Michael Woodford

Discrete Adjustment to a Changing Environment: Experimental Evidence
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A Behavioral New Keynesian Model
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Emmanuel Saez
Gabriel Zucman

Distributional National Accounts: Methods and Estimates for the United States
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Emine Boz
Camila Casas
Federico J. Díez
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Mikkel Plagborg-Møller

Dominant Currency Paradigm
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Pierre Yared

Commitment vs. Flexibility with Costly Verification
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Nir Jaimovich
Henry E. Siu

Disappearing Routine Jobs: Who, How, and Why?
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David H. Miller
Elisa Wulfsberg

The Great Recession and Charitable Giving
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Andrea L. Eisfeldt
Scott Richardson

Prepayment Risk and Expected MBS Returns
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Chang-Tai Hsieh
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The Long Shadow of a Fiscal Expansion
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Chen Lian

Forward Guidance without Common Knowledge
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Moritz Schularick
Alan M. Taylor

Macrofinancial History and the New Business Cycle Facts
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Wei Xiong

Credit Expansion and Neglected Crash Risk
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V. V. Chari
Patrick J. Kehoe
Ellen McGrattan

Accounting for Business Cycles
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Patrick Higgins
Daniel F. Waggoner
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Impacts of Monetary Stimulus on Credit Allocation and the Macroeconomy: Evidence from China
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Tyler Muir

Mobile Collateral versus Immobile Collateral
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Ping He

Optimal Monetary Policy in a Collateralized Economy
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Martin Lettau
Sydney C. Ludvigson

Monetary Policy and Asset Valuation
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Ravi Bansal

Risk Preferences and The Macro Announcement Premium
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Macro-Finance
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Measuring Aggregate Price Indexes with Taste Shocks: Theory and Evidence for CES Preferences
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Mun S. Ho
Jon D. Samuels

Education, Participation, and the Revival of U.S. Economic Growth
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RBC Methodology and the Development of Aggregate Economic Theory
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Niels-Jakob H. Hansen
Per Krusell
Erik Öberg

The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective
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Anna Orlik
Laura Veldkamp

The Common Origin of Uncertainty Shocks
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Martin Schneider

Housing and Macroeconomics
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Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake
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Emergence of Asia: Reforms, Corporate Savings, and Global Imbalances
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Chen Lian

Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination
w22266 Pedro Bordalo
Nicola Gennaioli
Andrei Shleifer

Diagnostic Expectations and Credit Cycles
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Pricing Assets in an Economy with Two Types of People
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Growth of income and welfare in the U.S, 1979-2011
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Dasol Kim
Robert J. Shiller

Crash Beliefs From Investor Surveys
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Pawel Zabczyk

The Theory of Unconventional Monetary Policy
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Matthias Doepke
Joel Mokyr

Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy
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Ellis W. Tallman

Too-Big-To-Fail Before the Fed
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Emmanuel Farhi
Pierre-Olivier Gourinchas

Safe Asset Scarcity and Aggregate Demand
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Arvind Krishnamurthy
Konstantin Milbradt

What Makes US Government Bonds Safe Assets?
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Benjamin Moll
Giovanni L. Violante

Monetary Policy According to HANK
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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
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Nicola Fuchs-Schündeln
David Lagakos

How do Hours Worked Vary with Income? Cross-Country Evidence and Implications
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Tao Jin

Rare Events and Long-Run Risks
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Marc D. Weidenmier

America's First Great Moderation
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Behavioral Macroeconomics Via Sparse Dynamic Programming
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Jean Tirole

Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops
2015
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Sai Ma
Serena Ng

Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?
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Pierre-Olivier Weill
Tsz-Nga Wong

Working through the Distribution: Money in the Short and Long Run
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Emmanuel Farhi
Pierre-Olivier Gourinchas

Global Imbalances and Policy Wars at the Zero Lower Bound
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Tim Landvoigt
Stijn Van Nieuwerburgh

Phasing Out the GSEs
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Eric R. Sims
Jean Gardy Victor

Inflation, Output, and Markup Dynamics with Forward-Looking Wage and Price Setters
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Bent Sorensen
Carolina Villegas-Sanchez
Vadym Volosovych
Sevcan Yesiltas

How to Construct Nationally Representative Firm Level Data from the Orbis Global Database: New Facts and Aggregate Implications
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Donghyun Park
Kwanho Shin

The Global Productivity Slump: Common and Country-Specific Factors
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Incomplete Markets and Aggregate Demand
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Xuewen Liu
Pengfei Wang

Sentiments, Financial Markets, and Macroeconomic Fluctuations
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Michael S. Christian
Jon D. Samuels

The Accumulation of Human and Nonhuman Capital, Revisited
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Partisan Conflict and Private Investment
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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
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Amir Sufi

Household Debt and Defaults from 2000 to 2010: Facts from Credit Bureau Data
w21179 Guillaume Rocheteau
Pierre-Olivier Weill
Tsz-Nga Wong

A Tractable Model of Monetary Exchange with Ex-post Heterogeneity
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Joseph P. Kaboski
Richard Rogerson

Skill Biased Structural Change
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The Facts of Economic Growth
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Anna Paulson

AIG in Hindsight
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Davide Ticchi
Andrea Vindigni

Forbidden Fruits: The Political Economy of Science, Religion, and Growth
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Stephen D. Oliner
Daniel E. Sichel

How Fast are Semiconductor Prices Falling?
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Credit, Financial Stability, and the Macroeconomy
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Benjamin J. Keys
Amit Seru
Joseph S. Vavra

Regional Redistribution Through the U.S. Mortgage Market
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Alan B. Krueger

A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler
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Chen Lin
Wensi Xie

Spare Tire? Stock Markets, Banking Crises, and Economic Recoveries
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Valerie A. Ramey
Liugang Sheng

News Shocks in Open Economies: Evidence from Giant Oil Discoveries
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Secular Stagnation: The Long View
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Martin Schneider
Johannes Stroebel

Segmented Housing Search
2014
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Fabrice Collard
Harris Dellas

Quantifying Confidence
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Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality
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Tarek A. Hassan
Ahmed Tahoun

The Power of the Street: Evidence from Egypt's Arab Spring
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Jesús Fernández-Villaverde
Oren Levintal
Andrew Mollerus

Safe Assets
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Nir Jaimovich
Henry E. Siu
Yaniv Yedid-Levi

What Should I Be When I Grow Up? Occupations and Unemployment over the Life Cycle
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Lawrence H. Summers

Asiaphoria Meets Regression to the Mean
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David Lagakos
Lee Ohanian

Competitive Pressure and the Decline of the Rust Belt: A Macroeconomic Analysis
w20517 Joseph E. Stiglitz
Reconstructing Macroeconomic Theory to Manage Economic Policy
w20498 Fernando Leibovici
Michael E. Waugh

International Trade and Intertemporal Substitution
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Saki Bigio

Banks, Liquidity Management and Monetary Policy
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A New Method of Estimating Potential Real GDP Growth: Implications for the Labor Market and the Debt/GDP Ratio
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Has Creative Destruction Become More Destructive?
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Measuring Economic Efficiency Using Inverse-Optimum Weights
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Ugo Panizza

A Surplus of Ambition: Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?
w20307 Guido Matias Cortes
Nir Jaimovich
Christopher J. Nekarda
Henry E. Siu

The Micro and Macro of Disappearing Routine Jobs: A Flows Approach
w20277 Mark Aguiar
Manuel Amador
Emmanuel Farhi
Gita Gopinath

Coordination and Crisis in Monetary Unions
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Jesús Fernández-Villaverde

A Comparison of Programming Languages in Economics
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Bettina Aten

Trying to Understand the PPPs in ICP2011: Why are the Results so Different?
w20232 Peter H. Lindert
Making the Most of Capital in the 21st Century
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Fernando Parro
Esteban Rossi-Hansberg
Pierre-Daniel Sarte

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

Labor Mobility Within Currency Unions
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Lars P. Hansen
Jose A. Scheinkman

Shock Elasticities and Impulse Responses
w20098 Charles F. Manski
Communicating Uncertainty in Official Economic Statistics
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Paul M. Romer
Stephen J. Terry
John Van Reenen

Trapped Factors and China's Impact on Global Growth
w19927 Ricardo J. Caballero
Emmanuel Farhi

The Safety Trap
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The Demise of U.S. Economic Growth: Restatement, Rebuttal, and Reflections
w19870 Alan B. Krueger
Andreas I. Mueller

A Contribution to the Empirics of Reservation Wages
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Xavier Sala-i-Martin

Lights, Camera,... Income!: Estimating Poverty Using National Accounts, Survey Means, and Lights
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Nicholas Bloom
Brandice Canes-Wrone
Steven J. Davis
Jonathan A. Rodden

Why Has U.S. Policy Uncertainty Risen Since 1960?
2013
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Jonathan Wolff

The Output and Welfare Effects of Government Spending Shocks over the Business Cycle
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Enrique G. Mendoza

Optimal Time-Consistent Macroprudential Policy
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Benjamin F. Jones

China: An Institutional View of an Unusual Macroeconomy
w19652 Carmen M. Reinhart
Takeshi Tashiro

Crowding Out Redefined: The Role of Reserve Accumulation
w19650 Alessandro Beber
Michael W. Brandt
Maurizio Luisi

Distilling the Macroeconomic News Flow
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David Lagakos
Michael E. Waugh

The Agricultural Productivity Gap
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Peter Levell
Kevin Milligan

A Comparison of Micro and Macro Expenditure Measures Across Countries Using Differing Survey Methods
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Emmanuel Farhi
Tomasz Strzalecki

How Much Would You Pay to Resolve Long-Run Risk?
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Tsutomu Watanabe
David E. Weinstein

How Much Do Official Price Indexes Tell Us about Inflation?
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Sydney C. Ludvigson
Serena Ng

Measuring Uncertainty
w19443 Zhen Huo
José-Víctor Ríos-Rull

Paradox of Thrift Recessions
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Franck Portier

News Driven Business Cycles: Insights and Challenges
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The Phillips Curve is Alive and Well: Inflation and the NAIRU During the Slow Recovery
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The Natural Rate Hypothesis: An idea past its sell-by date
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Patrick J. Kehoe

Bailouts, Time Inconsistency, and Optimal Regulation
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Laurence J. Kotlikoff

Generational Risk - Is It a Big Deal?: Simulating an 80-Period OLG Model with Aggregate Shocks
w19112 Michael D. Bordo
Harold James

The European Crisis in the Context of the History of Previous Financial Crises
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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
w19026 Michael D. Bordo
Angela Redish

Putting the 'System' in the International Monetary System
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Ufuk Akcigit
Harun Alp
Nicholas Bloom
William R. Kerr

Innovation, Reallocation and Growth
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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
w18899 Jesus Fernandez-Villaverde
Luis Garicano
Tano Santos

Political Credit Cycles: The Case of the Euro Zone
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Kenneth S. Rogoff

Shifting Mandates: The Federal Reserve's First Centennial
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Mark L. J. Wright

Empirical Research on Sovereign Debt and Default
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Guillermo Ordoñez

The Supply and Demand for Safe Assets
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John M. Quigley
Robert J. Shiller

Wealth Effects Revisited: 1975-2012
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Donghyun Park
Kwanho Shin

Growth Slowdowns Redux: New Evidence on the Middle-Income Trap
2012
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Peter K. Schott

The Surprisingly Swift Decline of U.S. Manufacturing Employment
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Andrew Metrick

Securitization
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Esteban Rossi-Hansberg

On the Spatial Economic Impact of Global Warming
w18470 Alessandra Fogli
Laura Veldkamp

Germs, Social Networks and Growth
w18456 John Hassler
Per Krusell
Conny Olovsson

Energy-Saving Technical Change
w18421 Roger E.A. Farmer
Qualitative Easing: How it Works and Why it Matters
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Some Reflections on the Recent Financial Crisis
w18374 Daniel J. Benjamin
Ori Heffetz
Miles S. Kimball
Nichole Szembrot

Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference
w18357 Ravi Bansal
Ivan Shaliastovich

A Long-Run Risks Explanation of Predictability Puzzles in Bond and Currency Markets
w18352 Assaf Razin
Steven Rosefielde

A Tale of Politically-Failing Single-Currency Area
w18334 Nir Jaimovich
Henry E. Siu

Job Polarization and Jobless Recoveries
w18295 Robert J. Barro
Convergence and Modernization Revisited
w18284 Roger E.A. Farmer
The Evolution of Endogenous Business Cycles
w18225 Quamrul Ashraf
Boris Gershman
Peter Howitt

How Inflation Affects Macroeconomic Performance: An Agent-Based Computational Investigation
w18218 Per Krusell
Leena Rudanko

Unions in a Frictional Labor Market
w18104 Ravi Bansal
Dana Kiku
Ivan Shaliastovich
Amir Yaron

Volatility, the Macroeconomy and Asset Prices
w18074 Jess Benhabib
Pengfei Wang

Financial Constraints, Endogenous Markups, and Self-fulfilling Equilibria
w17908 Russell Cooper
Exit from a Monetary Union through Euroization: Discipline without Chaos
w17862 Mathias Trabandt
Harald Uhlig

How Do Laffer Curves Differ Across Countries?
w17767 Ariel Burstein
Javier Cravino

Measured Aggregate Gains from International Trade
w17778 Gary B. Gorton
Andrew Metrick

Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide
w17777 Gary B. Gorton
Stefan Lewellen
Andrew Metrick

The Safe-Asset Share
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Hong Ma
J. Peter Neary
D.S. Prasada Rao

Who Shrunk China? Puzzles in the Measurement of Real GDP
2011
w17656 Francesco Caselli
Antonio Ciccone

The Contribution of Schooling in Development Accounting: Results from a Nonparametric Upper Bound
w17617 Martin S. Feldstein
The Euro and European Economic Conditions
w17601 Francesco Caselli
Andrea Tesei

Resource Windfalls, Political Regimes, and Political Stability
w17575 Ravi Bansal
Marcelo Ochoa

Temperature, Aggregate Risk, and Expected Returns
w17574 Ravi Bansal
Marcelo Ochoa

Welfare Costs of Long-Run Temperature Shifts
w17552 Guido Sandleris
Mark L.J. Wright

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The Science of Monetary Policy: A New Keynesian Perspective
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Jobless Growth: Appropriability, Factor Substitution, and Unemployment
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