Content
April 2025, Volume 56
- 101258 "Aggregate Fluctuations and the Role of Trade Credit
by Lin Shao - 101260 Monetary policy stabilization in a new Keynesian model under climate change
by George Economides & Anastasios Xepapadeas
January 2025, Volume 55
- 101239 One Rule Fits All? Heterogeneous Fiscal Rules for Commodity Exporters When Price Shocks Can Be Persistent: Theory and Evidence
by Arthur Mendes & Steven Pennings - 101241 Monetary Non-Neutrality in a Multisector Economy: The Role of Risk-Sharing
by Jae Won Lee & Seunghyeon Lee - 101252 Cyclical Worker Flows: Cleansing vs. Sullying
by John Haltiwanger & Henry Hyatt & Erika McEntarfer & Matthew Staiger - 101253 Home Construction Financing and Search Frictions in the Housing Market
by Miroslav Gabrovski & Victor Ortego-Marti - 101254 Mergers, Firm Size, and Volatility in a Granular Economy
by Jackie M. L. Chan & Han (Steffan) Qi - 101255 Migration Spillovers Within Families: Evidence from Thailand
by Travis Baseler - 101257 A Job Ladder Model of Executive Compensation
by Bo Hu - 101268 Capitalization of Intellectual Property Products Does Not Explain the Decline in the Labor Share
by Simcha Barkai & Surech Nallareddy & Maria Ogneva
October 2024, Volume 54
- 101232 Public wages, public employment, and business cycle volatility: Evidence from U.S. metro areas
by Claire Boeing-Reicher & Vincenzo Caponi - 101233 Real-time forward-looking skewness over the business cycle
by Ian Dew-Becker - 101234 Shocks to Inflation Expectations
by Jonathan Adams & Philip Barrett - 101235 The Macroeconomics of Hedging Income Shares
by Adriana Grasso & Juan Passadore & Facundo Piguillem - 101236 Coordinating in Financial Crises
by Caio Machado - 101237 Filtering economic time series: On the cyclical properties of Hamilton’s regression filter and the Hodrick-Prescott filter
by Yves Schueler - 101238 Immigration, Legal Status and Fiscal Impact
by Andri Chassamboulli & Xiangbo Liu - 101240 A Unified Approach to Determinacy Conditions with Regime Switching
by Jean Barthelemy & Seonghoon Cho & Magali Marx
July 2024, Volume 53
- 1-46 Information acquisition and price discrimination in dynamic, decentralized markets
by Michael Choi & Guillaume Rocheteau - 47-70 Are Zero-Covid Policies Optimal?
by Andrew Abel & Stavros Panageas - 71-122 Bubbly Booms and Welfare
by Feng Dong & Yang Jiao & Haoning Sun - 123-146 Training and Search On the Job
by Rasmus Lentz & Nicolas Roys - 147-172 Input Delays, Firm Dynamics, and Misallocation in Sub-Saharan Africa
by Idossou Marius Adom & Immo Schott - 173-193 Optimal Unemployment Insurance in a THANK Model
by Stephane Auray & Aurelien Eyquem - 194-223 Expectations and the Neutrality of Interest Rates
by John Cochrane - 224-282 Social Optimal Search Intensity in Over-the-Counter Markets
by Shuo Liu
April 2024, Volume 52
- 1-20 Blocking Patents, Rent Protection and Economic Growth"
by Michael Klein & Yibai Yang - 21-45 Optimal Taxation in the Life Cycle with Human Capital Investment
by Been-Lo Chen & Fei-Chi Liang - 46-63 Changing Marital Transitions and Homeownership Among Young Households
by Minsu Chang - 64-69 Revisiting Speculative Hyperinflations in Monetary Models: A Rejoinder
by Behzad Diba & Olivier Loisel - 70-83 Building the City Under Financial Frictions
by David Gomtsyan - 84-109 Unmarried Births: Accounting and Equilibrium Analysis"
by John Kennes & John Knowles
December 2023, Volume 51
- 1-15 The fundamental surplus revisited
by Bingsong Wang - 16-38 Agency Frictions, Managerial Compensation, and Disruptive Innovations
by Murat Alp Celik & Xu Tian - 39-59 Heterogeneous Spillovers of Housing Credit Policy
by Myroslav Pidkuyko - 60-76 The Extent of Downward Nominal Wage Rigidity: New Evidence from Payroll Data
by Daniel Schaefer & Carl Singleton - 77-116 Reassessing Trade Barriers with Global Production Networks
by Yuko Imura - 117-137 The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation
by Lukas Freund & Hanbaek Lee & Pontus Rendahl - 138-160 Wage Dispersion with Heterogeneous Wage Contracts
by Cynthia Doniger - 161-176 Misallocation and Markups: Evidence from Indian Manufacturing
by Yan Liang - 177-198 Misallocation and Intersectoral linkages
by Sophie Osotimehin & Latchezar Popov - 199-225 Global GDSGE Models
by Dan Cao & Wenlan Luo & Guangyu Nie - 226-266 Retirement Timing Uncertainty: Empirical Evidence and Quantitative Evaluation
by Frank Caliendo & Maria Casanova & Aspen Gorry & Sita Nataraj Slavov - 267-291 General Equilibrium with Multiple Liquid Assets
by Lukas Altermatt & Kohei Iwasaki & Randall Wright - 292-321 When to Lock, Not Whom: Managing Epidemics Using Time-Based Restrictions
by Yinon Bar-On & Tatiana Baron & Ofer Cornfeld & Eran Yashiv - 322-342 Financial constraints and economic development: the role of firm productivity investment
by Galina Vereshchagina - 343-369 Credit Markets, Relationship Lending, and the Dynamics of Firm Entry
by Qingqing Cao & Paolo Giordani & Raoul Minetti & Pierluigi Murro - 370-392 The Paradox of Price Flexibility in an Open Economy
by Daeha Cho & Kwang Hwan & Sukjoon Kim - 393-423 Does my model predict a forward guidance puzzle?
by Christopher Gibbs & Nigel McClung - 424-449 On the black-white gaps in labor supply and earnings over the lifecycle in the US
by Christopher Rauh & Aranu Valladares-Esteban - 450-478 Market Uncertainty and International Trade
by Haichao Fan & Guangyu Nie & Zhiwei Xu - 479-505 Revisiting Capital-Skill Complementarity, Inequality, and Labor Share
by Lee Ohanian & Musa Orak & Shihan Shen - 506-520 Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis
by Yasufumi Gemma & Takushi Kurozumi & Mototsugu Shintani - 521-546 Identifying Preferences when Households are Financially Constrained
by Andreas Tryphonides - 547-578 Accounting for Limited Commitment between Spouses when Estimating Labor-Supply
by Christian Bredemeier & Jan Gravert & Falko Juessen - 579-603 Rescue policies for small businesses in the Covid-19 recession
by Alessandro Di Nola & Leo Kaas & Haomin Wang - 604-632 Money Laundering and the Privacy Design of Central Bank Digital Currency
by Zijian Wang - 633-656 Low safe interest rates: A case for dynamic inefficiency?
by Gaetano Bloise & Pietro Reichlin - 657-676 The Preferential Treatment of Green Bonds
by Francesco Giovanardi & Matthias Kaldorf & Lucas Radke & Florian Wicknig - 677-697 Incarceration, Employment and Earnings: Dynamics and Differences
by Grey Gordon & John B. Jones & Urvi Neelakantan & Kartik Athreya - 698-715 Slow Recoveries, Endogenous Growth and Macro-prudential Policy
by Dario Bonciani & David Gauthier & Derrick Kanngiesser - 716-746 Fiscal Policy and the Monetary Transmission Mechanism
by Nicolas Caramp & Dejanir Silva - 747-777 Optimal GDP-indexed Bonds
by Yasin Kursat Onder - 778-794 Climate Policy, Financial Frictions, and Transition Risk
by Stefano Carattini & Garth Heutel & Givi Melkadze - 795-812 Demand, Growth, and Deleveraging
by Brian Greaney & Conor Walsh - 813-846 Marginal Propensity to Consume and Unemployment: a Meta-analysis
by Anna Sokolova - 847-866 Optimal Income Taxation: An Urban Economics Perspective
by Mark Huggett & Wenlan Luo - 867-887 Inflation Gap Persistence, Indeterminacy, and Monetary Policy
by Yasuo Hirose & Takushi Kurozumi & Wille Van Zandweghe - 888-914 Bequest Motives and the Social Security Notch
by Siha Lee & Kegon Teng Kok Tan - 915-942 Invariance of Unemployment and Vacancy Dynamics with Respect to Diminishing Returns to Labor at the Firm Level
by Bjoern Bruegemann - 943-964 Capital and Labor Taxes with Costly State Contingency
by Alex Clymo & Andrea Lanteri & Alessandro Villa - 965-990 Dynamic Bank Capital Regulation in the Presence of Shadow Banks
by Arsenii Mishin - 991-1011 The costs of macroprudential deleveraging in a liquidity trap"
by Jiaqian Chen & Daria Finocchiaro & Jesper Linde & Karl Walentin - 1012-1035 A Bayesian DSGE Approach to Modelling Cryptocurrency"
by Stylianos Asimakopoulos & Marco Lorusso & Francesco Ravazzolo - 1036-1047 Welfare-enhancing inflation and liquidity premia
by David Andolfatto & Fernando Martin - 1048-1094 Contract Enforcement and Preventive Healthcare: Theory and Evidence
by Shiv Dixit - 1095-1113 Intertemporal Substitution in Labor Supply: A Meta-Analysis
by Ali Elminejad & Tomas Havranek & Roman Horvath & Zuzana Irsova - 1114-1158 Business Ownership and the Secondary Market
by Zachary Mahone - 1159-1184 Revisiting Taxes on High Incomes
by Ayse Imrohoroglu & Cagri Kumru & Jiu Lian & Arm Nakornthab
October 2023, Volume 50
- 1-5 Introduction to the Special Issue in Memory of Thomas F. Cooley
by Jeremy Greenwood & Nezih Guner & Loukas Karabarbounis & Lee Ohanian - 6-27 CEO Compensation: Facts
by Gian Luca Clementi & Thomas Cooley - 28-42 Information Acquisition and Rating Agencies
by Harold Cole & Thomas Cooley - 43-60 Cross-Phenomenon Restrictions: Unemployment Effects of Layoff Costs and Quit Turbulence
by Isaac Baley & Lars Ljunqvist & Thomas Sargent - 61-87 Labor supply when productivity keeps growing
by Timo Boppart & Per Krusell & Jonna Olsson - 88-105 Demographic Change, Government Debt and Fiscal Sustainability in Japan: The Impact of Bond Purchase by the Bank of Japan
by Gary Hansen & Selahattin Imrohoroglu - 106-130 On a Lender of Last Resort with a Central Bank and a Stability Fund
by Giovanni Callegari & Ramon Marimon & Adrien Wicht & Luca Zavalloni - 131-145 Taxes, Regulations, and the Value of U.S. Corporations: A Reassessment
by Ellen McGrattan - 146-170 The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues
by Nezih Guner & Martin Lopez-Daneri & Gustavo Ventura - 171-210 The Expansion of Varieties in the New Age of Advertising
by Salome Baslandze & Jeremy Greenwood & Ricardo Marto & Sara Moreira - 211-234 Growth through learning
by Boyan Jovanovic & Sai Ma - 235-266 More Unequal We Stand? Inequality Dynamics in the United States, 1967–2021
by Jonathan Heathcote & Fabrizio Perri & Giovanni Violante & Lichen Zhang - 267-290 Accounting for the Duality of the Italian Economy
by Jesus Fernandez-Villaverde & Dario Laudati & Lee Ohanian & Vincenzo Quadrini
July 2023, Volume 49
- 1-36 The Strategic Determination of the Supply of Liquid Assets
by Athanasios Geromichalos & Lucas Herrenbrueck & Sukjoon Lee - 37-57 Indeterminacy and Imperfect Information
by Thomas Lubik & Christian Matthes & Elmar Mertens - 58-76 Employer Reallocation During the COVID-19 Pandemic: Validation and Application of a Do-It-Yourself CPS
by Alexander Bick & Adam Blandin - 77-98 The promises (and perils) of control-contingent forward guidance
by He Nie & Jordan Roulleau-Pasdeloup - 99-122 Commitment versus Flexibility and Sticky Prices: Evidence from Life Insurance
by Radoslaw Paluszynski & Pei Cheng Yu - 123-146 The welfare effects of tax progressivity with frictional labor markets
by Alessandra Pizzo - 147-180 On the Coexistence of Cryptocurrency and Fiat Money
by Zhixiu Yu - 181-200 Should Monetary Policy Target Financial Stability
by William Chen & Gregory Phelan - 201-224 Long-Term Care Needs and Savings in Retirement
by Jesus Bueren - 225-250 Individual Earnings and Family Income: Dynamics and Distribution
by Joseph Altonji & Disa Hynsjo & Ivan Vidangos - 251-268 The Fall of the Labor Income Share: the Role of Technological Change and Hiring Frictions
by Francesco Carbonero & Christian Offermans & Enzo Weber - 269-311 Diffusion of Ideas in Networks with Endogenous Search
by Has van Vlokhoven - 312-350 Regional Divergence and House Prices
by Greg Howard & Jack Liebersohn - 351-373 Disability Insurance and the Effects of Return-to-work Policies
by Chiara Dal Bianco
April 2023, Volume 48
- 1-17 r Minus g
by Robert Barro - 18-44 Skill-Biased Entrepreneurial Decline
by Helu Jiang & Faisal Sohail - 45-71 Aggregate Implications of Financial Frictions for Unemployment
by Feng Dong - 72-106 The Role of Dispersed Information in Inflation and Inflation Expectations
by Zhao Han & Xiaohan Ma & Ruoyun Mao - 107-131 Long-Term Sovereign Debt: A Steady State Analysis
by Zachary Stangebye - 132-157 The Firm Size-Leverage Relationship and Its Implications for Entry and Business Concentration
by Satyajit Chatterjee & Burcu Eyigungor - 158-177 Non-Traded Goods, Factor Markets Frictions, and International Capital Flows
by Jacek Rothert & Jacob Short - 178-201 Product Innovation, Diffusion and Endogenous Growth
by Michael Klein & Fuat Sener - 202-243 Unemployment Risk, Consumption Dynamics, and the Secondary Market for Durable Goods
by Boris Chafwehe - 244-264 Global Demand for Basket Backed Stablecoins
by Garth Baughman & Jean Flemming - 265-296 Rationally Inattentive Monetary Policy
by Joshua Bernstein & Rupal Kamdar - 297-319 Knowledge, Germs and Output
by Shouyong Shi - 320-344 Social Security Reform with Heterogeneous Mortality
by John Bailey Jones & Yue Li - 345-376 Human Capital and the Business Cycle Effects on the Postgraduate Wage Premium
by Ran Gu
January 2023, Volume 47
- 1-18 Stock Market Participation: The Role of Human Capital
by Kartik Athreya & Felicia Ionescu & Urvi Neelakantan - 19-46 Re-use of collateral: Leverage, volatility, and welfare
by Johannes Brumm & Michael Grill & Felix Kubler & Karl Schmedders - 47-66 Firm Entry and Exit during Recessions
by Joao Ayres & Gajendran Raveendranathan - 67-99 Asset Market Frictions, Household Heterogeneity, and the Liquidity Theory of the Term Structure
by Chien-Chiang Wang - 100-110 Bank Runs and the Optimality of Limited Banking
by James Peck & Abolfazi Setayesh - 111-130 Labor Adjustment and Productivity in the OECD
by Maarten Dossche & Andrea Gavazzi & Vivien Lewis - 131-157 A Rational Theory for Disposition Effects
by Min Dai & Yipeng Jiang & Hong Liu & Jing Xu - 158-185 Informal Labor Markets in Times of Pandemic
by Gustavo Leyva & Carlos Urrutia - 186-203 Asset Price Bubbles and Monetary Policy: Revisiting the Nexus at the Zero Lower Bound
by Jacopo Bonchi - 204-245 Growth and Welfare Implications of Sector-Specific Innovations
by Ilhan Guner - 246-277 On the Pure Theory of Wage Dispersion
by Cheng Wang & Youzhi Yang - 278-296 Monetary Policy and Firm Dynamics
by Stefano Fasani & Haroon Mumtaz & Lorenza Rossi - 297-345 Does Product Revenue Matter for Price Setting and Monetary Policy Transmission?
by DongIk Kang & Andrew Usher - 346-372 Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism
by Qichun He & Yulei Luo & Jun Nie & Heng-fu Zou
October 2022, Volume 46
- 1-26 Growth, Automation and the Long-Run Share of Labor
by Dilip Mookherjee & Debraj Ray - 27-50 Pandemic Lockdown: The Role of Government Commitment
by Christian Moser & Pierre Yared - 51-73 Nonlinear Occupations and Female Labor Supply Over Time
by Youngsoo Jang & Minchul Yum - 74-97 The Tax Cuts and Jobs Act (TCJA): A Quantitative Evaluation of Key Provisions
by Teegawende Zeida - 98-123 Fiscal Commitment and Sovereign Default Risk
by Siming Liu & Hewei Shen - 124-160 Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences
by YiLi Chien & Yi Wen - 161-195 The Allocation of Talent: Finance versus Entrepreneurship
by Kirill Shakhnov - 196-223 Unemployment Insurance and Labour Productivity over the Business Cycle
by W. Similan Rujiwattanapong - 224-243 An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries
by Fan Wang - 244-279 Inequality in Public School Spending Across Space and Time
by Christopher Biolsi & Steven Craig & Amrita Dhar & Bent Sorensen - 280-301 The Delphic forward guidance puzzle in New Keynesian models
by Ippei Fujiwara & Yuichiro Waki - 302-327 Dynamic Effects of Educational Assortative Mating on Labor Supply
by Rania Gihleb & Osnat Lifshitz - 328-364 Understanding the Aggregate Effects of Disability Insurance
by Soojin Kim & Serena Rhee - 365-381 Saving Rates and Savings Ratios
by Guillermo Ordonez & Facundo Piguillem
July 2022, Volume 45
- 1-21 A fiscal theory of monetary policy with partially repaid long-term debt
by John Cochrane - 22-40 The fiscal root of inflation
by John Cochrane - 41-54 The Effects of Land Markets on Resource Allocation and Agricultural Productivity
by Chaoran Chen & Diego Restuccia & Raul Santaeulalia-Llopis - 55-82 Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias
by Sebastian Gechert & Tomas Havranek & Zuzana Irsova & Dominika Kolcunova - 83-108 Tax Cuts in Open Economies
by Alejandro Cunat & Szabolcs Deak & Marco Maffezzoli - 109-133 Fertility and HIV Risk in Africa
by Yao Yao - 134-167 The Liquidity-Augmented Model of Macroeconomic Aggregates: A New Monetarist DSGE Approach
by Athanasios Geromichalos & Lucas Herrenbrueck - 168-186 Equilibrium foreign currency mortgages
by Marcin Kolasa - 187-216 Inequality, Disaster risk, and the Great Recession
by Heejeong Kim - 217-236 Hollowing Out and Slowing Growth: the Role of Process Innovations
by Wenbo Zhu - 237-263 The Evolution of Health over the Life Cycle
by Roozbei Hosseini & Karen Kopecky & Kai Zhao - 264-281 Manufacturing Decline and House Price Volatility
by Isaiah Hull & Conny Olovsson & Karl Walentin & Andreas Westermark - 282-321 Automation and the Future of Work: Assessing the Role of Labor Flexibility
by Michele Fornino & Andrea Manera - 322-338 Unemployment, Entrepreneurship and Firm Outcomes
by Joao Galindo da Fonseca
April 2022, Volume 44
- 1-32 Measuring Labor-Force Participation and the Incidence and Duration of Unemployment
by Hie Joo Ahn & James Hamilton - 33-64 Uncertainty and Growth Disasters
by Boyan Jovanovic & Sai Ma - 65-90 Income Volatility and Portfolio Choices
by Yongsung Chang & Jay Hong & Marios Karabarbounis & Yicheng Wang & Tao Zhang - 91-103 Cultural Attributes, Income Inequality, and Ethnic Differentials
by Mark Gradstein - 104-124 Incomplete Markets and Parental Investments in Children
by Brant Abbott - 125-151 Monetary policy and household net worth
by Martin Harding & Mathias Klein - 152-183 Immigration and Crime in Frictional Labor Markets
by Shiyun Zhang - 184-210 The U.S. Tax-Transfer System and Low-Income Households: Savings, Labor Supply, and Household Formation
by Salvador Ortigueira & Nawid Siassi - 211-224 On sovereign default with time-varying interest rates
by Gaetano Bloise & Yiannis Vailakis - 225-243 Complementarity and Macroeconomic Uncertainty
by Tyler Atkinson & Michael Plante & Alexander Richter & Nathaniel Throckmorton - 244-268 Mortgage borrowing and the boom-bust cycle in consumption and residential investment
by Xiaoqing Zhou - 269-283 Great Volatility, Great Moderation and Great Moderation Again
by Jakob Grazzini & Domenico Massaro - 284-314 Dynamics of Secured and Unsecured Debt Over the Business Cycle
by Paul Luk & Tianxiao Zheng - 315-348 Asset Bubbles and Foreign Interest Rate Shocks
by Jianjun Miao & Pengfei Wang & Jing Zhou
January 2022, Volume 43
- 1-21 Testing and Reopening in an SEIR Model
by David Berger & Kyle Herkenhoff & Chengdai Huang & Simon Mongey - 22-55 Preventing Self-Fulfilling Debt Crises: A Global Games Approach
by Michal Szkup - 56-79 Heterogeneous Policy Distortions and the Labor Share
by Gabriel Smagghue - 80-92 Sales of Durable Goods and the Real Effects of Monetary Policy
by Wenbin Wu - 93-124 Firing Restrictions and Economic Resilience: Protect and Survive?
by Nadav Ben Zeev & Tomer Ifergane - 125-151 Real Estate Taxes and Home Value: Evidence from TCJA
by Wenli Li & Edison Yu - 152-167 Transmission of U.S. Monetary Policy to Commodity Exporters and Importers
by Myunghyun Kim - 168-196 Does Public Sector Employment Buffer the Minimum Wage Effects?
by Lucas Navarro & Mauricio Tejada - 197-216 The Cyclicality of Labor Force Participation Flows: The Role of Labor
by Isabel Cairo & Shigeru Fujita & Camilo Morales-Jimenez - 217-240 Education, Wage Dynamics, and Wealth Inequality
by Heejeong Kim - 241-262 Foreign Reserve Accumulation, Foreign Direct Investment, and Economic Growth
by Hidehiko Matsumoto - 263-285 R&D Dynamics and Corporate Cash Saving
by Xiaodan Gao & Jake Zhao - 286-307 Income Inequality and Stock Market Returns
by Agnieszka Markiewicz & Rafal Raciborski - 308-340 A Directed Search Model of Crowding Out
by Yu Chen
October 2021, Volume 42
- 1-14 The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics
by V. V. Chari & Rishabh Kirpalani & Christopher Phelan - 15-36 Technology Diffusion
by Nancy Stokey - 37-71 Learning through Coworker Referrals
by Albrecht Glitz & Rune Vejlin - 72-109 Gradual Bargaining in Decentralized Asset Markets
by Guillaume Rocheteau & Tai-Wei Hu & Lucie Lebeau & Younghwan In - 110-132 Optimal Debt Maturity and Firm Investment
by Joachim Jungherr & Immo Schott - 133-155 Short-Run Dynamics in a Search-Theoretic Model of Monetary Exchange
by Jonathan Chiu & Miguel Molico - 156-177 Taxation and Inequality: Active and Passive Channels
by Estelle Dauchy & Francisco Navarro-Sanchez & Nathan Seegert - 178-193 AIDS, Human Capital and Development
by Rodolfo Manuelli & Emircan Yurdagul - 194-238 Dynamic Optimal Fiscal Policy in a Transfer Union
by Till Gross