Content
July 2018, Volume 29
- 256-282 Managers and Productivity Differences
by Nezih Guner & Andrii Parkhomenko & Gustavo Ventura
April 2018, Volume 28
- 1-33 Equity Extraction and Mortgage Default
by Steven Laufer - 34-50 The Impact of Growth on Unemployment in a Low vs. High Inflation Environment
by Mewael Tesfaelassie & Maik Wolters - 51-70 Cyclical Asset Returns in the Consumption and Investment Goods Sector
by Burkhard Heer & Alfred Maussner & Bernd Suessmuth - 71-95 Dynamics of Investment, Debt, and Default
by Grey Gordon & Pablo Guerron-Quintana - 96-120 Employment and the Cyclical Cost of Worker Benefits
by Grace Weishi Gu - 121-149 Male Labor Supply and Generational Fiscal Policy
by Christian vom Lehn & Eric Fisher & Aspen Gorry - 150-180 Social Optima in Economies with Heterogeneous Agents
by Galo Nuno & Benjamin Moll - 181-204 Pareto Weights in Practice: A Quantitative Analysis of 32 OECD Countries
by Bo Hyun Chang & Yongsung Chang & Sun-Bin Kim - 205-220 Equilibrium Price Dispersion Across and Within Stores
by Guido Menzio & Nicholas Trachter - 221-251 Financial Development and Long-Run Volatility Trends
by Pengfei Wang & Yi Wen & Zhiwei Xu - 252-268 Reputation and Liquidity Traps
by Taisuke Nakata - 269-289 Female Market Work, Tax Regimes, and the Rise of the Service Sector
by Michelle Rendall - 290-321 Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences
by Eric Swanson
January 2018, Volume 27
- 1-26 Human Capital and Optimal Redistribution
by Winfried Koeniger & Julien Prat - 27-47 Too Poor to Retire? Housing Prices and Retirement
by Bo Zhao - 48-63 Investment Shocks, Sticky Prices, and the Endogenous Relative Price of Investment
by Alban Moura - 64-80 Tough Love for Lazy Kids: Dynamic Insurance and Equal Bequests
by Ctirad Slavik & Kevin Wiseman - 81-100 Policy Uncertainty and Cost of Delaying Reform: The Case of Aging Japan
by Sagiri Kitao - 101-122 Capital Goods Trade, Relative Prices and Economic Development
by Piyusha Mutreja & Michael Sposi & B. Ravikumar - 123-145 Real Exchange Variability in a Two-Country Business Cycle Model
by Hakon Tretvoll - 146-168 Firm Learning and Growth
by Costas Arkolakis & Theodore Papageorgiou & Olga Timoshenko - 169-183 The Private Memory of Aggregate Uncertainty
by Carlos da Costa & Vitor Farinha Luz - 184-204 Borrowing constraints and housing market liquidity
by Essi Eerola & Niku Maattanen - 205-230 On the Optimality of IPR Protection with Blocking Patents
by Yibai Yang - 231-245 Optimal Credit Cycles
by Zachary Bethune & Tai-Wei Hu & Guillaume Rocheteau
October 2017, Volume 26
- 1-18 Career Choice and the Risk Premium in the Labor Market
by German Cubas & Pedro Silos - 19-39 Debt-Market Friction, Firm-specific Knowledge Capital Accumulation and Macroeconomic Implications
by Yicheng Wang - 40-61 The Impact of Personal Bankruptcy on Labor Supply Decisions
by Daphne Chen & Jake Zhao - 62-90 Taxing Atlas: Executive Compensation, Firm Size and Their Impact on Optimal Top Income Tax Rates
by Laurence Ales & Antonio Andres Bellofatto & Jessie Jiaxu Wang - 91-112 College risk and return
by Gonzalo Castex - 113-139 Monetary/Fiscal Policy Mix and Agent's Beliefs
by Francesco Bianchi & Cosmin Ilut - 140-163 How Risky is College Investment?
by Lutz Hendricks & Oksana Leukhina - 164-179 Human capital and the size distribution of firms
by Pedro Gomes & Zoe Kuehn - 180-203 Innovation, Deregulation, and the Life Cycle of a Financial Service Industry
by Fumiko Hayashi & Bin Grace Li & Zhu Wang - 204-224 Financial Disruptions and the Cyclical Upgrading of Labor
by Brendan Epstein & Alan Finkelstein Shapiro & Andres Gonzalez Gomez - 225-242 Bankruptcy Choice with Endogenous Financial Constraints
by Cesar Tamayo - 243-262 Financial Sophistication and Portfolio Choice over the Life Cycle
by Seth Neumuller & Casey Rothschild - 263-279 Endogenous Turnover and Macroeconomic Dynamics
by Masashige Hamano & Francesco Zanetti - 280-300 Saving and Wealth Inequality
by Mariacristina De Nardi & Giulio Fella - 301-326 Persistent Heterogeneous Returns and Top End Wealth Inequality
by Dan Cao & Wenlan Luo
April 2017, Volume 25
- 1-3 RED Special Issue on Human Capital and Inequality, an introduction
by Dean Corbae & Mariacristina De Nardi & Lance Lochner - 4-36 Inequality in Human Capital and Endogenous Credit Constraints
by Rong Hai & James Heckman - 37-57 Life in shakles? The quantitative implications of reforming the educational financing system
by Ben Heijdra & Fabian Kindermann & Laurie Reijnders - 58-92 Identifying Agent's Information Sets: an Application to a Lifecycle Model of Schooling, Consumption, and Labor Supply
by Salvador Navarro & Jin Zhou - 93-120 The Evolution of Awareness and Belief Ambiguity in the Process of High School Track Choice
by Pamela Giustinelli & Nicola Pavoni - 121-150 Under-Insurance in Human Capital Models with Limited Enforcement
by Tom Krebs & Moritz Kuhn & Mark Wright - 151-186 Human Capital Acquisition and Occupational Choice: Implications for Economic Development
by Marti Mestieri & Johanna Schauer & Robert Townsend - 187-207 Educational Policy and Intergenerational Policy
by Tomoaki Kotera & Ananth Seshadri - 208-233 Human Capital Spillovers and the Geography of Intergenerational Mobility
by Brant Abbott & Giovanni Gallipoli - 234-259 Human Capital Growth and Poverty: Evidence from Ethiopia and Peru
by Orazio Attanasio & Costas Meghir & Emily Nix & Francesca Salvati - 260-297 Search, Matching, and Training
by Christopher Flinn & Ahu Gemici & Steven Laufer - 298-319 Complex-Task Biased Technological Change and the Labor Market
by Colin Caines & Florian Hoffmann & Gueorgui Kambourov - 320-349 A Life-Cycle Model of Trans-Atlantic Employment Experiences
by Sagiri Kitao & Lars Ljungqvist & Thomas Sargent - 350-383 Disentangling the Contemporaneous and Dynamic Effects of Human and Health Capital on Wages over the Life Cycle
by Donna Gilleskie & Euna Han & Edward Norton
March 2017, Volume 24
- 1-13 Fiscal Discipline and Defaults
by Gonzalo Fernandez-de-Cordoba & Pau Pujolas & Jose Torres - 14-24 A Coordination Approach to the Essentiality of Money
by Luis Araujo & Bernardo Guimaraes - 25-42 Productivity Growth and Labor Reallocation: Latin America versus East Asia
by Murat Ungor - 43-65 The Financial Accelerator and the Optimal State-Dependent Contract
by Jonathan Hoddenbagh & Mikhail Dmitriev - 66-78 Financial conditions and density forecasts for US output and inflation
by Piergiorgio Alessandri & Haroon Mumtaz - 79-94 Optimal inflation to reduce inequality
by Lorenzo Menna & Patrizio Tirelli - 95-131 Determinants of Structural Change
by Tomasz Swiecki - 132-151 The Genesis of the Golden Age: Accounting for the Rise in Health and Leisure
by Carl-Johan Dalgaard & Holger Strulik - 152-174 Female Relative Wages, Household Specialization and Fertility
by Christian Siegel - 175-191 Product Scope and Endogenous Fluctuations
by Oscar Pavlov & Mark Weder - 192-217 Contracting Institutions and Economic Growth
by Alvaro Aguirre
January 2017, Volume 23
- 1-18 How Important is the Currency Denomination of Exports in Open Economy Models?
by Michael Dotsey & Margarida Duarte - 19-41 Business Cycle Fluctuations and the Distribution of Consumption
by Giacomo De Giorgi & Luca Gambetti - 42-59 Borrowing in Excess of Natural Ability to Repay
by Filipe Martins da Rocha & Yiannis Vailakis - 60-79 Public Investment, Time to Build, and the Zero Lower Bound
by Hafedh Bouakez & Michel Guillard & Jordan Roulleau-Pasdeloup - 80-98 With Strings Attached: Grandparent-Provided Child Care and Female Labor Market Outcomes
by Eva Garcia-Moran & Zoe Kuehn - 99-124 Income Changes and Consumption: Evidence from the 2013 Federal Government Shutdown
by Scott Ross Baker & Contantine Yannelis - 125-149 Employment-based Health Insurance and Misallocation: Implications for the Macroeconomy
by David Chivers & Zhigang Feng & Anne Villamil - 150-169 Optimal Government Spending at the Zero Lower Bound: A Non-Ricardian Analysis
by Taisuke Nakata - 170-190 Consumption Risk Sharing with Private Information and Limited Enforcement
by Tobias Broer & Marek Kapicka & Paul Klein - 191-211 Search Capital
by Carlos Carrillo-Tudela & Eric Smith - 212-235 Excess Reserves and Monetary Policy Implementation
by Roc Armenter & Benjamin Lester
October 2016, Volume 22
- 1-20 Worker Flows and Job Flows: A Quantitative Investigation
by Shigeru Fujita & Makoto Nakajima - 21-51 How Large is the Stock Component of Human Capital?
by Mark Huggett & Greg Kaplan - 52-71 Generational Asset Pricing, Equity Puzzles, and Cyclicality
by Alan Guoming Huang & Eric Hughson & J. Chris Leach - 72-92 Social Insurance and Retirement: A Cross-Country Perspective
by Tobias Laun & Johanna Wallenius - 93-108 Information, Insurance and the Sustainability of Sovereign Debt
by Toan Phan - 109-130 Persistence of Shocks and the Reallocation of Labor
by Nicolas Roys - 131-156 Why does employment in all major sectors move together over the business cycle?
by Yaniv Yedid-Levi - 157-178 Baby Busts and Baby Booms: The Fertility Response to Shocks in Dynastic Models
by Larry Jones & Alice Schoonbrodt - 179-207 Imperfect Information about Financial Frictions and Consequences for the Business Cycle
by Josef Hollmayr & Michael Kuehl - 208-222 Factor Specificity and Real Rigidities
by Carlos Carvalho & Fernanda Nechio - 223-239 Deceptive Redistribution
by Simeon Alder & Guillermo Ordonez
July 2016, Volume 21
- 1-15 Policy Paradoxes in the New-Keynesian Model
by Michael Kiley - 16-28 The aggregate matching function and job search from employment and out of the labor force
by Petr Sedlacek - 29-45 Federal Subsidization and State Medicaid Provision
by Jorge Barro & Stephen Barnes - 46-71 The effect of endogenous human capital accumulation on optimal taxation
by William Peterman - 72-88 Optimal Monetary Policy with Endogenous Export Participation
by Dudley Cooke - 89-104 Expectations vs. Fundamentals- driven Bank Runs: When Should Bailouts be Permitted?
by Todd Keister & Vijay Narasiman - 105-124 Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes
by Boragan Aruoba & Morris Davis & Randall Wright - 125-146 Large Open Economies and Fixed Costs of Capital Adjustment
by Christian Bayer & Volker Tjaden - 147-159 Learning and Informational Stability of Dynamic REE with Incomplete Information
by Giacomo Rondina & Todd Walker - 160-181 Talent, Labor Quality, and Economic Development
by German Cubas & B. Ravikumar & Gustavo Ventura - 182-200 Sufficient Conditions for Determinacy in a Class of Markov-Switching Rational Expectations Models
by Seonghoon Cho - 201-224 Fiscal Reform and Government Debt in Japan: A Neoclassical Perspective
by Gary Hansen & Selahattin Imrohoroglu - 225-245 Economic Reforms and the Evolution of China's Total Factor Productivity
by Chadwick Curtis - 246-265 Wait-and See: Investment Options under Policy Uncertainty
by Nancy Stokey - 266-285 Productivity Growth and Structural Transformation
by Roberto Samaniego & Juliana Sun
April 2016, Volume 20
- 1-24 The Macroeconomic Effects of Goods and Labor Marlet Deregulation
by Matteo Cacciatore & Giuseppe Fiori - 25-42 Pareto Distribution of Income in Neoclassical Growth Models
by Shuhei Aoki & Makoto Nirei - 43-62 Dynamic Pricing in Customer Markets with Switching Costs
by Luis Cabral - 63-89 Household Finance over the Life-Cycle: What does Education Contribute?
by Russell Cooper & Guozhong Zhu - 90-110 Distributional effects of hiring through networks
by Yoske Igarashi - 111-131 Firm Risk and Leverage-Based Business Cycles
by Sanjay Chugh - 132-159 Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010
by Juergen Jung & Chung Tran - 160-180 The design of 'soft' welfare-to-work programs
by Nicola Pavoni & Ofer Setty & Giovanni Violante - 181-197 News Driven Business Cycles and Data on Asset Prices in Estimated DSGE Models
by Stefan Avdjiev - 198-214 On the Inherent Instability of Private Money
by Daniel Sanches - 215-239 Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy
by Yili Chien & Harold Cole & Hanno Lustig - 240-257 Kinked Demand Curves, the Natural Rate Hypothesis, and Macroeconomic Stability
by Takushi Kurozumi & Willem Van Zandweghe
January 2016, Volume 19
- 1-3 Introduction to the Special Issue in Honor of Dale Mortensen
by Guido Menzio & Randall Wright - 4-19 Optimal Growth Through Product Innovation
by Rasmus Lentz & Dale Mortensen - 20-37 Wage Inequality: A Structural Decomposition
by Ken Burdett & Carlos Carrillo-Tudela & Melvyn Coles - 38-62 Directed Search over the Life Cycle
by Guido Menzio & Irina Telyukova & Ludo Visschers - 63-87 Matching, Sorting and Wages
by Jeremy Lise & Costas Meghir & Jean-Marc Robin - 88-107 Competitive On-the-job Search
by Pietro Garibaldi & Espen Moen & Dag-Einar Sommervoll - 108-134 Burdett-Mortensen Model of On-the-Job Search with Two Sectors
by Florian Hoffmann & Shouyong Shi - 135-160 Wage Posting and Business Cycles: a Quantitative Exploration
by Giuseppe Moscarini & Fabien Postel-Vinay - 161-189 Taxation and Unemployment in Models with Heterogeneous Workers
by Marcus Hagedorn & Iourii Manovskii & Sergiy Stetsenko - 190-209 Capital Values and Job Values
by Eran Yashiv - 210-217 Search-and-Matching Analysis of High Unemployment Caused by the Zero Lower Bound
by Robert E. Hall - 218-231 Directed Search in the Housing Market
by James Albrecht & Pieter Gautier & Susan Vroman - 232-246 Venture Capital: A Model of Search and Bargaining
by Rafael Silveira & Randall Wright
October 2015, Volume 18, Issue 4
- 709-732 Resource Reallocation and Zombie Lending in Japan in the 1990s
by Hyeog Ug Kwon & Futoshi Narita & Machiko Narita - 733-751 Unemployment Benefit Extension at the Zero Lower Bound
by Julien Albertini & Arthur Poirier - 752-773 Obsolescence of Durable Goods and Optimal Purchase Timing
by Ennio Stacchetti & Dmitriy Stolyarov - 774-791 Children, Dynastic Altruism and the Wealth of Nations
by Juan Carlos Cordoba - 792-821 The Labor Market Effects of Reducing the Number of Illegal Immigrants
by Andri Chassambouli & Giovanni Peri - 822-842 Public Education Financing, Earnings Inequality, and Intergenerational Mobility
by Christopher Herrington - 843-862 Politico-Economic Equivalence
by Martin Gonzalez-Eiras & Dirk Niepelt - 863-880 Regional Reallocation and Housing Markets in a Model of Frictional Migration
by Plamen Nemov - 881-893 A Note on the Essentiality of Money under Limited Memory
by Thomas Wiseman - 894-920 Fiscal Stimulus and Distortionary Taxation
by Thorsten Drautzburg & Harald Uhlig - 921-930 Complete Markets Strikes Back: Is the Reduced-form Measure of Consumption Insurance Reliable?
by Gang Sun - 931-956 Women's Emancipation through Education: A Macroeconomic Analysis
by Fatih Guvenen & Michelle Rendall - 957-978 Asset Prices and Efficiency in a Krebs Economy
by Alexis Akira Toda - 979-1002 Trusting the Bankers: A New Look at the Credit Channel of Monetary Policy
by Matteo Ciccarelli & Angela Maddaloni & Jose Luis Peydro - 1003-1022 Why is Measured Productivity so Low in Agriculture?
by Berthold Herrendorf & Todd Schoellman
July 2015, Volume 18, Issue 3
- 435-455 Housing and Liquidity
by Chao He & Randall Wright & Yu Zhu - 456-483 Innovations in Information Technology and the Mortgage Market
by Bulent Guler - 484-504 Innovation, Product Cycle, and Asset Prices
by Ryo Jinnai - 505-522 Financial Frictions, Internal Capital Markets, and the Organization of Production
by Pavel Sevcik - 523-550 The Role of Allocative Efficiency in a Decade of Recovery
by Kaiji Chen & Alfonso Irarrazabal - 551-574 How Can Government Spending Stimulate Consumption?
by Daniel Murphy - 575-592 Should unemployment insurance be asset-tested?
by Sebastian Koehne & Moritz Kuhn - 593-618 An Incentive Mechanism to Break the Low-skill Immigration Deadlock
by David de la Croix & Frederic Docquier - 619-634 Wealth and Labor Supply Heterogeneity
by Jose Mustre-del-Rio - 635-652 Human Capital Portfolios
by Pedros Silos & Eric Smith - 653-678 The dynamics of public investment under persistent electoral advantage
by Marina Azzimonti - 679-693 Transitional Dynamics and the Optimal Progressivity of Income Redistribution
by Ozan Bakis & Baris Kaymak & Markus Poschke - 694-707 Monetary Policy, the Tax Code, and the Real Effects of Energy Shocks
by William Gavin & Benjamin Keen & Finn Kydland
April 2015, Volume 18, Issue 2
- 165-184 A Quantitative Analysis of the US Housing and Mortgage Markets and the Foreclosure Crisis
by Satyajit Chatterjee & Burcu Eyigungor - 185-200 Business Cycle Uncertainty and Economic Welfare
by Jang-Ok Cho & Thomas Cooley & Hyung Seok Kim - 201-211 The Juvenile Crime Dilemma
by Ignacio Munyo - 212-226 Optimal Stopping in a Model of Speculative Attacks
by Pablo Kurlat - 227-242 Effects of Economic Development in China on Skill-Biased Technical Change in the US
by Angus Chu & Guido Cozzi & Yuichi Furukawa - 243-268 Revisiting the Tale of Two Interest Rates with Endogenous Market Segmentation
by Aubhik Khan & Julia Thomas - 269-286 Executive Compensation: A General Equilibrium Perspective
by Jean-Pierre Danthine & John Donaldson - 287-305 Dynamic Optimal Insurance and Lack of Commitment
by Alexander Karaivanov & Fernando Martin - 306-333 Are There Long-Run Effects of the Minimum Wage?
by Isaac Sorkin - 334-349 Early childhood education expenditures and the intergenerational persistence of income
by William Blankenau & Xiaoyan Youderian - 350-364 Bargaining with Commitment Between Workers and Large Firms
by William Hawkins - 365-380 Unemployment Insurance and Optimal Taxation in a Search Model of the Labor Market
by Athanasios Geromichalos - 381-405 Informal Employment and Business Cycles in Emerging Economies: The Case of Mexico
by Andres Fernandez & Felipe Meza - 406-433 Globalization and Inflation: Evidence from a Time Varying VAR
by Francesco Bianchi & Andrea Civelli
January 2015, Volume 18, Issue 1
- 1-2 Introduction to the special issue on money, credit, and financial frictions
by Mark Gertler & Stephen Williamson - 3-20 Household leveraging and deleveraging
by Alejandro Justiniano & Giorgio Primiceri & Andrea Tambalotti - 21-31 Repos, Fire Sales, and Bankruptcy Policy
by Gaetano Antinolfi & Francesca Carapella & Charles Kahn & Antoine Martin & David Mills & Ed Nosal - 32-52 Labor Market Upheaval, Default Regulation, and Consumer Debt
by Kartik Arthreya & Juan Sanchez & Xuan Tam & Eric Young - 53-76 Credit Crunches and Credit Allocation in a Model of Entrepreneurship
by Marco Bassetto & Marco Cagetti & Mariacristina De Nardi - 77-100 Aggregate Unemployment and Household Unsecured Debt
by Zachary Bethune & Guillaume Rocheteau & Peter Rupert - 101-117 Anatomy of a Credit Crunch: From Capital to Labor Markets
by Francisco Buera & Roberto Fattal-Jaef & Yongseok Shin - 118-139 Tightening Financial Frictions on Households, Recessions, and Price Reallocations
by Zhen Huo & Jose-Victor Rios-Rull - 140-164 Financial Business Cycles
by Matteo Iacoviello
October 2014, Volume 17, Issue 4
- 559-581 Income Taxation of U.S. Households: Facts and Parametric Estimates
by Nezih Guner & Remzi Kaygusuz & Gustavo Ventura - 582-612 Wage, Income and Consumption Inequality in Japan, 1981-2008: from Boom to Lost Decades
by Jeremy Lise & Nao Sudo & Michio Suzuki & Ken Yamada & Tomoaki Yamada - 613-629 Interpreting Life Cycle Inequality Patterns as an Efficient Allocation: Mission Impossible?
by Alejandro Badel & Mark Huggett - 630-653 Dynamic Effects of Labor Supply: a mechanism explaining cross-sectional differences in hours
by Ricardo Manuel Santos - 654-676 Sunspots and Self-Fulfilling Beliefs in the U.S. Housing Market
by Masanori Kashiwagi - 677-706 Growth and Crisis, Unavoidable Connection?
by Roberto Piazza - 707-725 Spatial Takeoff in the First Industrial Revolution
by Alex Trew - 726-738 Why Stare Decisis?
by Luca Anderlini & Leonardo Felli & Alessandro Riboni - 739-755 Social Security is NOT a Substitute for Annuity Markets
by Frank Caliendo & Nick Guo & Roozbeh Hosseini - 756-779 Sustainable Social Security: Four Options
by Sagiri Kitao - 780-798 Offshoring and occupational specificity of human capital
by Moritz Ritter - 799-823 Dynamic Asset Allocation with Ambiguous Return Predictability
by Hui Chen & Nengjiu Ju & Jianjun Miao - 824-841 Explaining Educational Attainment across Countries and over Time
by Diego Restuccia & Guillaume Vandenbroucke - 842-859 Gender gaps across countries and skills: Demand, supply and the industry structure
by Claudia Olivetti & Barbara Petrongolo
July 2014, Volume 17, Issue 3
- 367-382 Learning, Large Deviations and Rare Events
by Jess Benhabib & Chetan Dave - 383-416 The Political Economy of Entry Barriers
by Toshihiko Mukoyama & Latchezar Popov - 417-436 Size, Trend, and Policy Implications of the Underground Economy
by Renzo Orsi & Davide Raggi & Francesco Turino - 437-458 Resistance to Technology Adoption: The Rise and Decline of Guilds
by Klaus Desmet & Stephen Parente - 459-473 War Finance and the Baby Boom
by Kai Zhao