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Content
2017
- 1648 Trade Liberalization and Economic Development: Evidence from China's WTO Accession
by Andrei Potlogea & Wenya Cheng
- 1646 Leverage Stacks and the Financial System
by John Moore
- 1645 A Theory of Multi-Period Debt Structure
by Martin Oehmke & Hongda Zhong & Chong Huang
- 1644 The Rise of Meritocracy and the Inheritance of Advantage
by Michael Watts & Jose V. Rodriguez Mora & David Comerford
- 1643 Sector-Level Economies of Scale: Estimation Using Trade Data
by Dave Donaldson & Arnaud Costinot & Andres Rodriguez-Clare & Dominick Bartelme
- 1642 Optimal Debt Management
by Juan Passadore & Galo Nuno & Saki Bigio
- 1641 The Term Structure of the Price of Variance Risk
by Yichuan Wang & Thomas Eisenbach & Martin Schmalz & Marianne Andries
- 1640 Changes in Labor Market Participation across the Household Income Distribution
by Nicolas Petrosky-Nadeau & Robert Hall
- 1639 The Gravity of Unit Prices
by Ana Cecilia Fieler & Jonathan Eaton
- 1638 Trade and Migration: A Quantitative Assessment
by Luca David Opromolla & Fernando Parro & Alessandro Sforza & Lorenzo Caliendo
- 1637 IO in I-O: Competition and Volatility in Input-Output Networks
by Basile Grassi
- 1636 Capital Misallocation: Frictions or Distortions?
by Venky Venkateswaran & Joel David
- 1635 Intergenerational Mobility and Preferences for Redistribution
by Stefanie Stantcheva & Edoardo Teso & Alberto Alesina
- 1634 Optimal Taxation with Behavioral Agents
by Xavier Gabaix & Emmanuel Farhi
- 1633 Nominal Exchange Rate Stationarity and Long-Term Bond Returns
by Andreas Stathopoulos & Adrien Verdelhan & Hanno Lustig
- 1632 Fearing the Fed: How Wall Street Reads Main Street
by Tzuo Hann Law & Dongho Song & Amir Yaron
- 1630 A Take of Two Americas: the Evolution of Innovation Networks across US Cities
by Hyunju Lee & Alessandra Fogli
- 1629 Search Frictions and Wage Dispersion
by Yikai Wang & Iourii Manovskii & Marcus Hagedorn
- 1628 Measuring Sorting with Time-Varying Characteristics
by Robert Shimer
- 1627 Innovation and Trade Policy in a Globalizing World
by Ufuk Akcigit
- 1623 College Major Choice: Sorting and Differential Returns to Skills
by John Eric Humphries & Juanna Joensen & Gregory Veramendi
- 1618 Waxing Jobs and Waning Industries
by Yongseok Shin & Sang Yoon (Tim) Lee & Sangmin Aum
- 1617 Trade Liberalization Versus Protectionism: Are the Dynamic Welfare Implications Symmetric?
by Michael Sposi & Ana Maria Santacreu
- 1614 Innovation and Product Reallocation in the Great Recession
by Sara Moreira & Munseob Lee & David Argente
- 1610 Monetary Policy, Heterogeneity, and the Housing Channel
by Serdar Ozkan & Kurt Mitman & Fatih Karahan & Aaron Hedlund
- 1607 Eliminating Uncertainty in Market Access: The Impact of New Bridges in Rural Nicaragua
by Kevin Donovan & Wyatt Brooks
- 1605 Monetary Policy in Incomplete Market Models: Theory and Evidence
by Kurt Mitman & Iourii Manovskii & Marcus Hagedorn
- 1602 Learning about Debt Crises
by Radek Paluszynski
- 1597 Heterogeneous Investment Dynamics of Manufacturing Firms
by Tiago Tavares & Alexandros Fakos
- 1591 Firm Size, Concentration And The Labor Share
by Lijun Zhu
- 1587 The Intertemporal Keynesian Cross
by Matthew Rognlie & Ludwig Straub & Adrien Auclert
- 1586 Optimal Monetary Policy and Portfolio Choice
by Sebastian Fanelli
- 1584 How Much Consumption Insurance in the U.S.?
by Iourii Manovskii & Dmytro Hryshko
- 1582 Climate Change Around the World
by Anthony Smith & Per Krusell
- 1581 Risk Taking to Succeed: Occupational Choice and the Positive Effects of Progressive Taxation
by Pedro Silos & German Cubas
- 1578 Minimum Wages and Hours of Work
by Ross Doppelt
- 1574 Adverse Selection, Risk Sharing and Business Cycles
by Marcelo Veracierto
- 1571 Firm Size Distributions and Cross-Country Labor Market Outcomes
by Todd Schoellman & Jianyu Lu & Kevin Donovan
- 1570 Finance in a Time of Disruptive Growth
by Stavros Panageas & Nicolae Garleanu
- 1568 Interbank Network Disruptions and The Real Economy
by Dasha Safonova
- 1567 Secular Stagnation and Inequality
by Gauti Eggertsson & Neil Mehrotra
- 1566 Informality in Indian Manufacturing
by Rubina Verma & Rahul Giri
- 1565 Misallocation in the Market for Inputs
by Ezra Oberfield & Johannes Boehm
- 1559 Large Recessions in an Overlapping Generations with Unemployment
by Aubhik Khan
- 1558 Debauchery and Original Sin: The Currency Composition of Sovereign Debt
by JungJae Park & Charles Engel
- 1555 Beyond Traditional Theories of Structural Change
by Marti Mestieri & Joseph Kaboski & Francisco Buera
- 1554 Market-Making with Search and Private Information
by Venky Venkateswaran & Ariel Zetlin-Jones & Ali Shourideh & Benjamin Lester
- 1553 Inequality, Redistribution and Optimal Trade Policy
by Ali Shourideh & Roozbeh Hosseini
- 1552 Promoting Educational Opportunities: Long-run Implications of Affirmative Action in College Admissions
by Joao Ramos & Bernard Herskovic
- 1550 Accounting for Tuition Increases at U.S. Colleges
by Aaron Hedlund & Grey Gordon
- 1547 Optimal Domestic Taxation and Sovereign Lending
by Pricila Maziero
- 1546 Becoming a Multinational: an Analysis of Market Access and Risk through Mergers
by Stefania Garetto & Jose Fillat
- 1544 A Theory of Dynamic Contracting with Financial Constraints
by Rohit Lamba & Ilia Krasikov
- 1543 Optimal Dynamic Fiscal Policy with Endogenous Debt Limits
by Yongyang Cai & Simon Scheidegger & Sevin Yeltekin & Philipp Renner & Kenneth Judd
- 1542 Structural Change and Slowdown of International Trade
by Ryan Monarch & Jing Zhang & Logan Lewis
- 1541 Efficiency with Equilibrium Marginal Product Dispersion and Firm Selection
by Julieta Caunedo
- 1540 The Drivers of Life-cycle Growth of Manufacturing Plants
by John Haltiwanger & Marcela Eslava
- 1537 Disentangling Moral Hazard and Adverse Selection
by Hector Chade
- 1535 Indivisibilities in Distribution
by Ethan Singer & Thomas Holmes
- 1533 Distribution Costs, Product Quality, and Cross-Country Income Differences
by Kunal Dasgupta
- 1531 Accounting for Energy Intensity Across Countries: Composition, Prices and Technology
by Xican Xi & Adrian Peralta-Alva & Marina Mendes Tavares
- 1530 Trade, Reform, and Structural Transformation in South Korea
by Rubina Verma & Rahul Giri & Caroline Betts
- 1527 Skills, Occupations, and the Allocation of Talent over the Business Cycle
by Maximiliano Dvorkin
- 1525 Financial Fragility with SAM?
by Tim Landvoigt & Stijn Van Nieuwerburgh & Daniel Greenwald
- 1523 Credit markets, Limited commitment and Optimal monetary policy
by Francesca Carapella
- 1521 Earnings Inequality and the Minimum Wage: Evidence from Brazil
by Christian Moser & Niklas Engbom
- 1517 Informationally Sticky Nominal Wages
by Jennifer La'O & Luigi Iovino
- 1516 How Has Job Polarization Contributed to the Increase in Non-Participation of Prime-Age Men?
by Jonathan Willis & Didem Tuzemen
- 1513 Rising Capital Shares, Risk Taking and The Secular Stagnation
by Juan Passadore & Facundo Piguillem & Adriana Grasso
- 1511 Firm Demographics and the Great Recession
by Peifan Wu & Berardino Palazzo & Gian Luca Clementi
- 1509 Inquiry on the Transmission of U.S. Aggregate Shocks to Mexico: A SVAR Approach
by Julio Carrillo
- 1501 Knowledge Creation and Diffusion with Limited Appropriation
by Liyan Shi & Hugo A. Hopenhayn
- 1500 Levered Ideas: Risk Premia along the Credit Cycle
by Lukas Schmid & Wenxi Liao
- 1498 The Spatial Diffusion of Knowledge
by Kamran Bilir & Christopher Tonetti & Treb Allen
- 1496 Group Punishments without Commitment
by Benjamin Tengelsen & Ariel Zetlin-Jones & Emilio Bisetti
- 1489 Explaining International Business Cycle Synchronization
by Robert Kollmann
- 1486 Dynamic Information Acquisition and Home Bias in Portfolios
by Rosen Valchev
- 1483 Earnings Dynamics, Mobility Costs, and Transmission of Market-Level Shocks
by Magne Mogstad & Bradley Setzler & Thibaut Lamadon
- 1482 Gilded Bubbles
by David Perez-Reyna & Xavier Freixas
- 1474 Credit Regimes and the Seeds of Crisis
by Nelson Lind
- 1472 Accounting for Medium-run Macro-finance Trends
by Francois Gourio & Emmanuel Farhi
- 1463 Taxes, Regulations of Businesses and Evolution of Income Inequality in the US
by Benjamin Pugsley & Sebastian Dyrda
- 1459 The Disability Option: Labor Market Dynamics with Macroeconomic and Health Risks
by David Wiczer & Amanda Michaud
- 1455 Changing Parental Characteristics and Aggregate Educational Attainment
by Christopher Herrington & Adam Blandin
- 1453 The Side Effects of Safe Asset Creation
by Keshav Dogra & Sushant Acharya
- 1452 The Impact of Moral Hazard and Budget Balancing on Sorting in Partnerships
by Galina Vereshchagina
- 1450 (In)efficiency and Intervention in Over-The-Counter Markets
by Nicholas Trachter & Bruno Sultanum & Zachary Bethune
- 1449 Inflation Expectations and Choices of Households: Evidence from Matched Survey and Administrative Data
by Mirko Wiederholt & Nathanael Vellekoop
- 1448 Local Market Equilibrium and the Design of Public Health Insurance System
by Chao Fu & Naoki Aizawa
- 1443 Demand Shocks and Labor Market Dynamics: Firm Level Responses to a Commodity Boom
by Sergio Urzua & Felipe Saffie & Felipe Benguria
- 1441 Pensions, Retirement, and the Disutility of Labor: Bunching in Brazil
by Benjamin Thompson
- 1438 Labor Market Institutions and the Cost of Recessions
by Martin Scheffel & Tom Krebs
- 1437 Stimulating Durable Spending: Theory and Evidence
by Tom Cui & Eric Zwick & David Berger
- 1435 Sovereign Cocos and the Reprofiling of Debt Payments
by Leonardo Martinez & Juan Hatchondo
- 1433 Income Inequality, Financial Crises and Monetary Policy
by Isabel Cairo & Jae Sim
- 1428 Discount Rates and Employment Fluctuations
by Katarina Borovickova & Jaroslav Borovicka
- 1426 Household Bargaining Power, Preferences for Children and Household Consumption
by Andrea Moro & Federico Gutierrez
- 1422 The Birth of a Multinational: Innovation and Foreign Acquisitions
by Veronica Rappoport & Maria Guadalupe & Jim Goldman
- 1421 Financial Frictions, Volatility, and Skewness
by David Zeke
- 1418 Pricing in Multiple Currencies in Domestic Markets
by Andres Drenik
- 1417 Structural Transformation by Cohort
by Todd Schoellman & Bart Hobijn
- 1414 Intangibles, Inequality and Stagnation
by Shengxing Zhang & Nobuhiro Kiyotaki
- 1413 Targeted Search in Matching Markets
by Paulina Restrepo-Echavarria & Antonella Tutino & Anton Cheremukhin
- 1412 Importing, Exporting and Aggregate Productivity in Large Devaluations
by Joaquin Blaum
- 1407 Financial Stability and Fractional Reserve Banking
by Shengxing Zhang & Cyril Monet & Stephan Imhof
- 1406 Insuring entrepreneurial downside risk
by Sumudu Kankanamge & Alexandre Gaillard
- 1404 The Distributions of Income and Consumption Risk: Evidence from Norwegian Registry Data
by Serdar Ozkan & Kjetil Storesletten & Hans Holter & Elin Halvorsen
- 1402 Quantifying the Losses from International Trade
by Mike Waugh
- 1401 Price Informativeness and Price Volatility
by Cecilia Parlatore & Eduardo Davila
- 1400 Counterfactual Equivalence in Macroeconomics
by Martin Beraja
- 1391 Turbulence and Unemployment in Matching Models
by Thomas Sargent & Lars Ljungqvist & Isaac Baley
- 1387 Quantitative Easing without Rational Expectations
by Dmitriy Sergeyev & Luigi Iovino
- 1383 The Fiscal Multiplier
by Kurt Mitman & Iourii Manovskii & Marcus Hagedorn
- 1382 Fiscal Policy, Sovereign Risk, and Unemployment
by Pablo Ottonello & Ignacio Presno & Javier Bianchi
- 1381 Welfare Costs of Oil Shocks
by Amir Yaron & Steffen Hitzemann
- 1373 Accounting for the Growth of Exporters
by Rahul Giri & Junjie Xia & Lukasz Drozd
- 1372 Optimal Asset Division Rules for Dissolving Partnerships
by Piero Gottardi & Arpad Abraham
- 1369 The Age-Distribution of Earnings and the Decline in Labor's Share
by Jacob Short & Andrew Glover
- 1366 Firm-to-Firm Connections and Free Trade Agreements
by Swati Dhingra & Esther Boler & Andrew Bernard
- 1359 Risk and Monetary Policy in a New Keynesian Model
by Mikhail Golosov & David Evans & anmol bhandari
- 1356 Real Effects of Financial Distress: The Role of Heterogeneity
by Sudipto Karmakar & Francisco Buera
- 1347 Misallocation Costs of Digging Deeper into the Central Bank Toolkit
by David Zeke & Robert Kurtzman
- 1342 When Ramsey Searches for Liquidity
by Wei Cui
- 1340 Unemployment Insurance Union
by Marius Clemens & Guillaume Claveres
- 1336 Inequality, Frictional Assignment and Home-ownership
by Huw Lloyd-Ellis & Derek Stacey & Allen Head
- 1330 Job Search and the Gender Wage Gap
by Giorgio Topa & Aysegul Sahin & Andreas Mueller & Jason Faberman
- 1329 The Real Exchange Rate, Innovation and Productivity: A Cross-country Firm-level Analysis
by Yanping Liu & Harald Fadinger & Alejandro Cunat & Laura Alfaro
- 1328 Dynamic Bank Capital Requirements
by Tetiana Davydiuk
- 1326 Credit Risk without Commitment
by Leonardo Martinez & Juan Hatchondo
- 1321 Optimal Taxation with Private Insurance
by Yongsung Chang & Yena Park
- 1319 Politicians and Creative Destruction
by Salome Baslandze
- 1318 Saving and Dissaving with Hyperbolic Discounting
by Ivan Werning & Dan Cao
- 1317 Vulnerable Growth
by Nina Boyarchenko & Domenico Giannone & Tobias Adrian
- 1316 Optimal Debt Management in a Liquidity Trap
by Romanos Priftis & Rigas Oikonomou & Hafedh Bouakez
- 1314 Asymmetries in Earnings, Employment and Wage Risk in Great Britain
by Spyridon Lazarakis & James Malley & Konstantinos Angelopoulos
- 1310 An Equilibrium Theory of Determinate Nominal Exchange Rates, Current Accounts and Asset Flows
by Marcus Hagedorn
- 1309 The End of the American Dream? Inequality and Segregation in US cities
by Veronica Guerrieri & Alessandra Fogli
- 1308 Of Cities and Slums
by luciene pereira & Pedro Cavalcanti Ferreira & Alexander Monge-Naranjo
- 1305 Identifying "Default Thresholds" in Consumer Liabilities Using High Frequency Data
by Don Schlagenhauf & Carlos Garriga
- 1294 How Firms Grow
by Yaniv Yedid-Levi & Stefanie Haller & Doireann Fitzgerald
- 1292 Why Are Real Interest Rates So Low?
by Francois Velde & Benoït Mojon & Magali Marx
- 1288 Default Cycles
by Leo Kaas & Wei Cui
- 1285 Economic Agents as Imperfect Problem Solvers
by Rosen Valchev & Cosmin Ilut
- 1283 The Cross Section of Bank Value
by Stefan Lewellen & Adi Sunderam & Mark Egan
- 1281 Pricing in a Frictional Product Market
by Leena Rudanko
- 1274 Inverse Optimal Taxation in Closed Form
by Hitoshi Tsujiyama & Jonathan Heathcote
- 1273 Declining Dynamism at the Establishment Level
by Jonathan Willis & John Haltiwanger & Russell Cooper
- 1269 Optimal Reserve Management at the Zero Lower Bound
by Luigi Bocola & Javier Bianchi & Fabrizio Perri & Manuel Amador
- 1268 Policy Uncertainty and Foreign Direct Investment: Evidence from the China-Japan Island Dispute
by Tatsuro Senga & Cheng Chen
- 1266 Resource Transfers to Local Governments: Political Manipulation and Voting Patterns in West Bengal
by Anusha Nath & Dilip Mookherjee
- 1265 Carry Trade and Currency Mix of Corporate Debt
by Lorena Keller & Anna Cieslak & Manuel Adelino
- 1260 Consumer Bankruptcy and Mortgage Default
by Florian Oswald & Costas Meghir & Wenli Li
- 1258 Debt Service: The Painful Legacy of Credit Booms
by Mikael Juselius & Anton Korinek & Mathias Drehmann
- 1251 The Leading Premium
by Tatyana Marchuk & Christian Schlag & Mariano Croce
- 1245 Optimal Fiscal-Monetary Policy with Redistribution
by Thomas Sargent & Mikhail Golosov & David Evans & anmol bhandari
- 1242 Divide and Rule: An Origin of Polarization and Ethnic Conflict
by Yikai Wang & Simon Alder
- 1239 Structural Transformation of Occupation Employment
by Georg Duernecker & Berthold Herrendorf
- 1237 Occupations and Import Competition
by Sharon Traiberman
- 1236 Does Credit Market Integration Amplify the Transmission of Real Business Cycle During Financial Crisis?
by Kyunghun Kim & Ju Hyun Pyun & Jiyoun An
- 1235 Firm Dynamics and Pricing under Customer Capital Accumulation
by Pau Roldan & Sophia Gilbukh
- 1234 The Long View of Housing Wealth Effects
by Jon Steinsson & Emi Nakamura & Alisdair McKay & Adam Guren
- 1227 A Theory of Discount Rates
by Francois Geerolf
- 1224 Older and Slower: The Startup Deficit's Lasting Effects on Aggregate Productivity Growth
by Robert Dent & David Berger & Benjamin Pugsley & Titan Alon
- 1220 The Macrodynamics of the Wage Distribution
by Jeremy Lise & Jean Marc Robin & Rasmus Lentz
- 1218 Infectious Diseases, Human Capital and Economic Growth
by Lin Liu & Aditya Goenka
- 1217 Liquidity Constraints, Transition Dynamics, and the Chinese Housing Return Premium
by Yu Zhang
- 1216 Optimal Dynamic Capital Requirements
by Kalin Nikolov & Javier Suarez & Dominik Supera & Caterina Mendicino
- 1215 Consumption and Income Persistence across Generations
by Hamish Low & Aruni Mitra & Giovanni Gallipoli
- 1214 Geographic Cross-Sectional Fiscal Multipliers: What Have We Learned?
by Gabriel Chodorow-Reich
- 1212 Trading Financial Innovation
by Kinda Hachem & Ana Babus
- 1211 Noise-Ridden Lending Cycles
by Jochen Guentner & Elena Afanasyeva
- 1208 International Inflation Spillovers Through Input Linkages
by Philip Sauré & Andrei Levchenko & Raphael Auer
- 1207 Optimal Mirrleesian Taxation in Non-competitive Labor Markets
by Carlos da Costa
- 1206 What's News in International Business Cycles
by Daniele Siena
- 1201 Political Distribution Risk and Business Cycles
by Pablo Guerron-Quintana & Jesus Fernandez-Villaverde & Thorsten Drautzburg
- 1199 Panic and Propagation in 1873
by Peter Rousseau & Dan Ladley
- 1198 International Spillovers and Local Credit Cycles
by mehmet ulu & Sebnem Kalemli-Ozcan & Julian di Giovanni & Yusuf Soner Baskaya
- 1195 Mortgages and Heterogeneity in the Transmission of Monetary Policy
by Arlene Wong & Aaron Kirkman & Alejandro Justiniano
- 1194 Foreign Investment and Domestic Productivity: Identifying Knowledge Spillovers and Competition Effects
by Vadym Volosovych & Carolina Villegas Sanchez & Bent Sorensen & Sebnem Kalemli-Ozcan
- 1193 Central Bank Information Shocks
by Marek Jarocinski & Peter Karadi
- 1192 Interest Rate Uncertainty and Sovereign Default Risk
by Shahed Khan & Alok Johri & Cesar Sosa-Padilla
- 1189 Forward Guidance with Bayesian Learning and Estimation
by Edward Herbst & David Lopez-Salido & Christopher Gust
- 1187 Human Capital and Financial Development
by Virgiliu Midrigan & Fernando Leibovici & Julio Blanco
- 1185 Trade, Technological Change, and Wage Inequality:The Case of Mexico
by Andrea Waddle
- 1180 Geography and Agricultural Productivity: Cross-Country Evidence from Micro Plot-Level Data
by Diego Restuccia & Tasso Adamopoulos
- 1177 Fiscal Rules, Bailouts, and Reputation in Federal Governments
by Rishabh Kirpalani & Alessandro Dovis
- 1170 Risk-taking, Rent-seeking and Investment when Financial Markets are Noisy
by Christian Hellwig & Aleh Tsyvinski & Elias Albagli
- 1168 Flight-to-Quality Cycles and the Real Economy
by Peter Kondor & Maryam Farboodi
- 1167 Reputation and Sovereign Default
by Christopher Phelan & Manuel Amador
- 1166 Slow Moving Capital: Evidence from Global Equity Portfolios
by Philippe Bacchetta
- 1165 Quantitative Easing in Joseph's Egypt with Keynesian Producers
by Jeffrey Campbell
- 1161 Variance Risk Premia on Stocks and Bonds
by Petar Sabtchevsky & Paul Whelan & Andrea Vedolin & Philippe Mueller
- 1156 Health, Retirement and Consumption
by Malene Kallestrup-Lamb & John Kennan & Bent Jesper Christensen
- 1155 Asset Prices and Wealth Inequality
by Matthieu Gomez
- 1154 International Evidence on Long Run Money Demand
by Warren E. Weber & Robert Lucas & Juan Pablo Nicolini & Luca Benati
- 1151 ON RRP and Stability of the Tri-party Market
by Borghan Narajabad
- 1150 Matching with Frictions and Entry with Poisson Distributed Buyers and Sellers
by Peter Norman
- 1149 Expected Spot Prices and the Dynamics of Commodity Risk Premia
by Jacopo Piana & Daniele Bianchi
- 1148 Price and Consumption Responses to Large Exchange Rate Shocks: Evidence from Switzerland
by Sarah Lein & Ariel Burstein & Raphael Auer