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Nicolas Vincent

Citations

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Working papers

  1. Nir Jaimovich & Stephen J. Terry & Nicolas Vincent, 2023. "The Empirical Distribution of Firm Dynamics and Its Macro Implications," NBER Working Papers 31337, National Bureau of Economic Research, Inc.

    Cited by:

    1. Julián Arteaga & Nicolás de Roux & Margarita Gáfaro & Ana Mar√≠a Ib√°√±ez & Heitor Pellegrina, 2025. "Farm Size Distribution, Weather Shocks, and Agricultural Productivity," Documentos CEDE 21308, Universidad de los Andes, Facultad de Economía, CEDE.
    2. Giuseppe Berlingieri & Maarten De Ridder & Danial Lashkari & Davide Rigo, 2025. "Creative destruction through innovation bursts," CEP Discussion Papers dp2095, Centre for Economic Performance, LSE.
    3. Bettina Bruggemann & Zachary L. Mahone & Thomas Palmer, 2025. "Ownership Changes and Firm Dynamics," Department of Economics Working Papers 2025-03, McMaster University.

  2. Jason Allen & Robert Clark & Shaoteng Li & Nicolas Vincent, 2021. "Debt-Relief Programs and Money Left on the Table: Evidence from Canada's Response to COVID-19," Staff Working Papers 21-13, Bank of Canada.

    Cited by:

    1. Yaming Zhang & Jiaqi Zhang & Yaya Hamadou Koura & Changyuan Feng & Yanyuan Su & Wenjie Song & Linghao Kong, 2023. "Multiple Concurrent Causal Relationships and Multiple Governance Pathways for Non-Pharmaceutical Intervention Policies in Pandemics: A Fuzzy Set Qualitative Comparative Analysis Based on 102 Countries and Regions," IJERPH, MDPI, vol. 20(2), pages 1-16, January.
    2. Christa Gibbs & Benedict Guttman-Kenney & Donghoon Lee & Scott Nelson & Wilbert van der Klaauw & Jialan Wang, 2025. "Consumer Credit Reporting Data," Journal of Economic Literature, American Economic Association, vol. 63(2), pages 598-636, June.
    3. Ho, Anson T.Y. & Morin, Lealand & Paarsch, Harry J. & Huynh, Kim P., 2022. "A flexible framework for intervention analysis applied to credit-card usage during the coronavirus pandemic," International Journal of Forecasting, Elsevier, vol. 38(3), pages 1129-1157.
    4. James MacGee & Thomas Michael Pugh & Kurt See, 2022. "The heterogeneous effects of COVID‐19 on Canadian household consumption, debt and savings," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(S1), pages 54-87, February.

  3. Jaimovich, Nir & Terry, Stephen & Vincent, Nicolas, 2020. "Location, Location, Location: Manufacturing and House Price Growth," CEPR Discussion Papers 15409, C.E.P.R. Discussion Papers.

    Cited by:

    1. Stefano Colonnello & Roberto Marfè & Qizhou Xiong, 2024. "Housing Yields," Carlo Alberto Notebooks 716 JEL Classification: G, Collegio Carlo Alberto.
      • Stefano Colonnello & Roberto Marfè & Qizhou Xiong, 2021. "Housing Yields," Working Papers 2021:21, Department of Economics, University of Venice "Ca' Foscari", revised 2021.
    2. Kuang, Pei & Luca, Davide & Wei, Zhiwu, 2025. "Ballots, Budgets and Bricks: Brexit and the Polarisation of Individual Economic Behaviours," MPRA Paper 125104, University Library of Munich, Germany.

  4. Matthias Kehrig & Nicolas Vincent, 2020. "The Micro-Level Anatomy of the Labor Share Decline," Working Papers 20-12, Center for Economic Studies, U.S. Census Bureau.

    Cited by:

    1. Ensar Yılmaz & Zeynep Kaplan, 2022. "Heterogeneity of market power: firm-level evidence," Economic Change and Restructuring, Springer, vol. 55(2), pages 1207-1228, May.
    2. Guschanski, Alexander & Onaran, Özlem, 2018. "The labour share and financialisation: Evidence from publicly listed firms," Greenwich Papers in Political Economy 19371, University of Greenwich, Greenwich Political Economy Research Centre.
    3. Ariell Reshef & Gianluca Santoni, 2022. "Are Your Labor Shares Set in Beijing? The View through the Lens of Global Value Chains," CESifo Working Paper Series 9835, CESifo.
    4. Lyu, Zhuoyang & Yu, Li & Liu, Chen & Ma, Tiemeng, 2024. "When temperatures matter: Extreme heat and labor share," Energy Economics, Elsevier, vol. 138(C).
    5. Maarten de Ridder, 2019. "Market Power and Innovation in the Intangible Economy," Discussion Papers 1907, Centre for Macroeconomics (CFM).
    6. Ufuk Akcigit & Sina T. Ates, 2019. "What Happened to U.S. Business Dynamism?," NBER Working Papers 25756, National Bureau of Economic Research, Inc.
    7. Dávila, Andrés O. & Fernandez Sierra, Manuel & Zuleta, Hernando, 2021. "The Natural Resource Boom and the Uneven Fall of the Labor Share," IZA Discussion Papers 14592, IZA Network @ LISER.
    8. Ye, Huiying & Liao, Hua & Zheng, Guoliang & Peng, Ying, 2024. "Industrialization, environmental externality, and climate mitigation strategies," Economic Modelling, Elsevier, vol. 139(C).
    9. Christian Bayer & Benjamin Born & Ralph Luetticke, 2020. "Shocks, Frictions, and Inequality in US Business Cycles," Discussion Papers 2003, Centre for Macroeconomics (CFM).
    10. Andres Donangelo & François Gourio & Matthias Kehrig & Miguel Palacios, 2017. "The Cross-Section of Labor Leverage and Equity Returns," Working Papers 17-70, Center for Economic Studies, U.S. Census Bureau.
    11. Akcigit, Ufuk & Ates, Sina T., 2019. "Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory," CEPR Discussion Papers 13668, C.E.P.R. Discussion Papers.
    12. Paulie, Charlotte, 2021. "Labor-share dynamics -The role of import competition," Working Paper Series 2021:13, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    13. Si, Deng-Kui & Wang, Meng & Wang, Jiaming & Li, Hong-Xue, 2024. "Does banking competition increase corporate labor income share? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 440-454.
    14. Laurens Cherchye & Thomas Demuynck & Bram De Rock & Cédric Duprez & Glenn Magerman & Marijn Verschelde, 2021. "Structural Identification of Productivity under Biased Technological Change∗," Working Papers ECARES 2021-28, ULB -- Universite Libre de Bruxelles.
    15. Haque, Qazi & Pavlov, Oscar & Weder, Mark, 2025. "Endogenous business cycles with small and large firms," European Economic Review, Elsevier, vol. 177(C).
    16. Dreger, Christian & Fourné, Marius & Holtemöller, Oliver, 2023. "Globalization, Productivity Growth, and Labor Compensation," IZA Discussion Papers 16010, IZA Network @ LISER.
    17. Luis Díez Catalán, 2018. "The labor share in the service economy," Working Papers 18/09, BBVA Bank, Economic Research Department.
    18. Swayamsiddha Sarangi, 2023. "Labor share decline across US manufacturing sub-sectors: 1979-2019," Working Paper Series, Department of Economics, University of Utah 2023_07, University of Utah, Department of Economics.
    19. Benjamin Bridgman & Ryan Greenaway‐McGrevy, 2022. "Public enterprise and the rise and fall of labor share," Economic Inquiry, Western Economic Association International, vol. 60(1), pages 320-350, January.
    20. David Rezza Baqaee & Emmanuel Farhi, 2017. "Productivity and Misallocation in General Equilibrium," NBER Working Papers 24007, National Bureau of Economic Research, Inc.
    21. Balleer, Almut & Noeller, Marvin, 2023. "Monetary policy in the presence of supply constraints: Evidence from German firm-level data," Ruhr Economic Papers 1060, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    22. Lochner, Benjamin & Schulz, Bastian, 2020. "Firm productivity, wages, and sorting," IAB-Discussion Paper 202004, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    23. Giovanni Dosi & Marco Grazzi & Le Li & Luigi Marengo & Simona Settepanella, 2021. "Productivity Decomposition in Heterogeneous Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 69(3), pages 615-652, September.
    24. Simcha Barkai & Surech Nallareddy & Maria Ogneva, 2025. "Capitalization of Intellectual Property Products Does Not Explain the Decline in the Labor Share," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    25. Sampson, Thomas & Grossman, Gene & Helpman, Elhanan & Oberfield, Ezra, 2017. "The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration," CEPR Discussion Papers 12342, C.E.P.R. Discussion Papers.
    26. Toon Van Overbeke, 2023. "Conflict or cooperation? Exploring the relationship between cooperative institutions and robotisation," British Journal of Industrial Relations, London School of Economics, vol. 61(3), pages 550-573, September.
    27. Ben Lipsius, 2018. "Labor Market Concentration does not Explain the Falling Labor Share," 2018 Papers pli1202, Job Market Papers.
    28. Firooz, Hamid & Liu, Zheng & Wang, Yajie, 2025. "Automation and the rise of superstar firms," Journal of Monetary Economics, Elsevier, vol. 151(C).
    29. Philippon, Thomas & Gutierrez, German, 2017. "Declining Competition and Investment in the U.S," CEPR Discussion Papers 12536, C.E.P.R. Discussion Papers.
    30. Castex, Gonzalo & (Stanley) Cho, Sang-Wook & Dechter, Evgenia, 2022. "The decline in capital-skill complementarity," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    31. Ludovic Panon, 2020. "Labor Share, Foreign Demand and Superstar Exporters," Working Papers hal-03386549, HAL.
    32. Si, Deng-Kui & Meng, Mingyue & Wang, Jiaming & Zhou, Fuyou, 2024. "Does capital market liberalization increase corporate labor income share? Evidence from China," Economic Modelling, Elsevier, vol. 141(C).
    33. Davide Furceri & Prakash Loungani & Jonathan D. Ostry, 2019. "The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(S1), pages 163-198, December.
    34. Van Reenen, John & Autor, David & Dorn, David & Katz, Lawrence & Patterson, Christina, 2017. "The Fall of the Labor Share and the Rise of Superstar Firms," CEPR Discussion Papers 12041, C.E.P.R. Discussion Papers.
    35. Jose Barrales-Ruiz, Ivan Mendieta-Muñoz, Codrina Rada, Daniele Tavani, Rudiger von Arnim, 2021. "The distributive cycle: Evidence and current debates," Working Paper Series, Department of Economics, University of Utah 2021-01, University of Utah, Department of Economics.
    36. Richiardi, Matteo & Valenzuela, Luis, 2023. "Firm heterogeneity and the aggregate labour share," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA9/23, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    37. Feijoo Moreira, Sergio, 2022. "Inside the decline of the labor share: Technical change, market power, and structural change," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
    38. Jihyuan Liuh, 2025. "A Micro-Distributional Theory of the Aggregate Labor Share:Firm Size Distribution and Technological Heterogeneity," Papers 2512.03812, arXiv.org, revised Feb 2026.
    39. Gene Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2018. "The Productivity Slowdown and the Declining Labor Share," 2018 Meeting Papers 169, Society for Economic Dynamics.
    40. Emilien Gouin-Bonenfant, 2018. "Productivity Dispersion, Between-firm Competition and the Labor Share," 2018 Meeting Papers 1171, Society for Economic Dynamics.
    41. Miller, Jason W. & Phares, Jonathan & Burks, Stephen V., 2023. "Job Creation and Job Destruction Dynamics in the U.S. Truck Transportation Industry, 1995-2019," IZA Discussion Papers 16184, IZA Network @ LISER.
    42. Xiao, De & Yu, Fan & Guo, Chenhao, 2023. "The impact of China's pilot carbon ETS on the labor income share: Based on an empirical method of combining PSM with staggered DID," Energy Economics, Elsevier, vol. 124(C).
    43. Filip Abraham & Yannick Bormans, 2020. "The Impact of Superstar Firms on the Labor Share: Evidence from Belgium," De Economist, Springer, vol. 168(3), pages 369-402, September.
    44. Mert Demirer & Diego Jimenez-Hernandez & Dean Li & Sida Peng, 2024. "Data, Privacy Laws and Firm Production: Evidence from the GDPR," Working Paper Series WP 2024-02, Federal Reserve Bank of Chicago.
    45. Koyo Miyoshi, 2021. "The Decline in the Labor Share: Evidence from Japanese Manufacturers f Panel Data," Discussion papers ron340, Policy Research Institute, Ministry of Finance Japan.
    46. Guillaume Bazot & David Guerreiro, 2025. "A decomposition of the labor share decline in the US business sector," AMSE Working Papers 2503, Aix-Marseille School of Economics, France.
    47. Dibyendu Maiti, 2019. "Trade, Labor Share, and Productivity in India's Industries," ADBI Working Papers 926, Asian Development Bank Institute.
    48. Joel M. David & Romain Ranciere & David Zeke, 2023. "International Diversification, Reallocation, and the Labor Share," Working Paper Series WP 2023-16, Federal Reserve Bank of Chicago.
    49. Samartzidis, Lasare & Mundt, Philipp & Schulz-Gebhard, Jan, 2024. "Input specificity and labor's bargaining power: A production tree approach to functional income distribution," BERG Working Paper Series 198, Bamberg University, Bamberg Economic Research Group.
    50. Lea Steininger & Jan Philipp Fritsche, 2022. "The Labor Share is a Catalyst for Monetary Policy - Two Million Firms' Production Dynamics," Department of Economics Working Papers wuwp326, Vienna University of Economics and Business, Department of Economics.
    51. Li, Bing & Liu, Chang & Sun, Stephen Teng, 2021. "Do corporate income tax cuts decrease labor share? Regression discontinuity evidence from China," Journal of Development Economics, Elsevier, vol. 150(C).
    52. Loukas Karabarbounis & Brent Neiman, 2018. "Accounting for Factorless Income," NBER Working Papers 24404, National Bureau of Economic Research, Inc.
    53. Rafael Guntin & Federico Kochen, 2025. "The Origins of Top Firms," Working Papers wp2025_2516, CEMFI.
    54. Yang, Guang-Zhao & Si, Deng-Kui & Ning, Guang-Jie, 2023. "Does digital transformation reduce the labor income share in enterprises?," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1526-1538.
    55. German Gutierrez, 2018. "Investigating Global Labor and Pro t Shares," 2018 Meeting Papers 165, Society for Economic Dynamics.
    56. Paul, Saumik & Thomas, Liam, 2020. "The Agricultural Productivity Gap and Self-Employment Bias in the Labor Income Share," IZA Discussion Papers 13415, IZA Network @ LISER.
    57. Roya Taherifar & Mark J. Holmes & Gazi M. Hassan, 2023. "The drivers of labour share and impact on pay inequality: A firm-level investigation," Working Papers in Economics 23/03, University of Waikato.
    58. Steininger, Lea & Fritsche, Jan P., 2025. "Monetary policy and the functional income distribution: Two million firms’ production dynamics," European Economic Review, Elsevier, vol. 178(C).
    59. Benjamin Moll & Lukasz Rachel & Pascual Restrepo, 2021. "Uneven growth: automation’s impact on income and wealth inequality," Bank of England working papers 913, Bank of England.
    60. Manuel Coutinho Pereira, 2025. "A firm-level analysis of the labour share in Portugal," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    61. Cairó, Isabel & Sim, Jae, 2024. "Market power, inequality, and financial instability," Journal of Economic Dynamics and Control, Elsevier, vol. 164(C).
    62. Marjan Petreski & Jaakko Pehkonen, 2023. "Minimum wage and manufacturing labor share: Evidence from North Macedonia," Papers 2310.05117, arXiv.org.
    63. Liu, Libin & Si, Xu, 2025. "Firms' perception of economic policy uncertainty and the labor income share," Economic Systems, Elsevier, vol. 49(3).
    64. Mr. Andrew Berg & Lahcen Bounader & Nikolay Gueorguiev & Hiroaki Miyamoto & Mr. Kenji Moriyama & Ryota Nakatani & Luis-Felipe Zanna, 2021. "For the Benefit of All: Fiscal Policies and Equity-Efficiency Trade-offs in the Age of Automation," IMF Working Papers 2021/187, International Monetary Fund.
    65. Bai, Min & Li, Yue & Yu, Chia-Feng (Jeffrey), 2025. "Business environment trustworthiness and employee income share," International Review of Financial Analysis, Elsevier, vol. 103(C).
    66. Tarek Benjamin Moll & Lukasz Rachel & Pascual Restrepo, 2019. "Uneven Growth: Automation’s Impact on Income and Wealth Inequality," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-333, Boston University - Department of Economics.
    67. van Vlokhoven, Has, 2022. "Decomposing the Rise in Markups," Discussion Paper 2022-006, Tilburg University, Center for Economic Research.
    68. Hubert Drazkowski & Sebastian Zalas, 2023. "The evolution of labor share in Poland. New evidence from firm-level data," GRAPE Working Papers 82, GRAPE Group for Research in Applied Economics.
    69. Mertens, Matthias, 2022. "Micro-mechanisms behind declining labor shares: Rising market power and changing modes of production," International Journal of Industrial Organization, Elsevier, vol. 81(C).
    70. Kraft, Kornelius & Lammers, Alexander, 2021. "Bargaining Power and the Labor Share - a Structural Break Approach," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242342, Verein für Socialpolitik / German Economic Association.
    71. Jan Philipp Fritsche & Lea Steininger, 2021. "Zooming in on Monetary Policy - The Labor Share and Production Dynamics of Two Million Firms," Discussion Papers of DIW Berlin 1967, DIW Berlin, German Institute for Economic Research.
    72. Acemoglu, Daron & Koster, Hans R.A. & Ozgen, Ceren, 2023. "Robots and Workers: Evidence from the Netherlands," IZA Discussion Papers 15997, IZA Network @ LISER.
    73. Zalas, Sebastian & Drążkowski, Hubert, . "Kształtowanie się udziału płac w wartości dodanej w Polsce. Nowe szacunki z danych jednostkowych," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2023(3).
    74. Chen, Bo & Xu, Huange & Li, Guangchen, 2023. "Entry deregulation and labor share: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
    75. Giuseppe Berlingieri & Sara Calligaris & Chiara Criscuolo, 2018. "The productivity-wage premium: does size still matter in a service economy?," CEP Discussion Papers dp1557, Centre for Economic Performance, LSE.
    76. Xudong Fu & Darren Kisgen & Lei Kong, 2025. "Corporate Share Repurchase Policies and Labor Share," Working Papers 25-14, Center for Economic Studies, U.S. Census Bureau.
    77. Vives, Xavier & Azar, José, 2020. "General Equilibrium Oligopoly and Ownership Structure," CEPR Discussion Papers 15499, C.E.P.R. Discussion Papers.
    78. Baris Kaymak & Immo Schott, 2018. "Corporate Tax Cuts and the Decline of the Labor Share," 2018 Meeting Papers 943, Society for Economic Dynamics.
    79. Maya Eden & Paul Gaggl, 2019. "Capital Composition and the Declining Labor Share," CESifo Working Paper Series 7996, CESifo.
    80. Philippe Aghion & Benjamin F. Jones & Charles I. Jones, 2017. "Artificial Intelligence and Economic Growth," NBER Working Papers 23928, National Bureau of Economic Research, Inc.
    81. Pavlov, Oscar & Haque, Qazi & Weder, Mark, 2024. "Superstar firms and aggregate fluctuations," Working Papers 2024-01, University of Tasmania, Tasmanian School of Business and Economics.
    82. Wang, Liang & Hu, Jun & Yao, Daifei & Skibniewski, Miroslaw J., 2025. "Indelible imprint: CEOs’ poverty experience and corporate labor income share," Journal of Business Research, Elsevier, vol. 199(C).
    83. Boppart, Timo & Aghion, Philippe & Bergeaud, Antonin & Klenow, Peter J. & Li, Huiyu, 2019. "A Theory of Falling Growth and Rising Rents," CEPR Discussion Papers 14094, C.E.P.R. Discussion Papers.
    84. Saumik Paul & Yoko Oishi, 2018. "A Primer on the Drivers of Labor Income Share," Working Papers id:12948, eSocialSciences.
    85. Dauth, Wolfgang & Findeisen, Sebastian & Südekum, Jens & Wößner, Nicole, 2017. "German robots - the impact of industrial robots on workers," IAB-Discussion Paper 201730, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    86. Vicente Salas & Lucio San Juan & Javier Vallés, 2018. "Corporate cost and profit shares in the euro area and the US: the same story?," Working Papers 1833, Banco de España.
    87. Yılmaz, Ensar & Bulut, Necip, 2025. "Inflation dynamics: Profits, wages and import prices," Economic Systems, Elsevier, vol. 49(3).
    88. Janet Gao & Shan Ge & Lawrence D. W. Schmidt & Cristina Tello-Trillo, 2023. "How Do Health Insurance Costs Affect Firm Labor Composition and Technology Investment?," Working Papers 23-47, Center for Economic Studies, U.S. Census Bureau.
    89. Li, Chengming & Huo, Peng & Wang, Zeyu & Zhang, Weiguang & Liang, Feiyan & Mardani, Abbas, 2023. "Digitalization generates equality? Enterprises’ digital transformation, financing constraints, and labor share in China," Journal of Business Research, Elsevier, vol. 163(C).
    90. Mertens, Matthias, 2019. "Micro-mechanisms behind declining labour shares: Market power, production processes, and global competition," IWH-CompNet Discussion Papers 3/2019, Halle Institute for Economic Research (IWH).
    91. Gonzalez, Ignacio & Trivin, Pedro, 2019. "The Global Rise of Asset Prices and the Decline of the Labor Share," MPRA Paper 94587, University Library of Munich, Germany.
    92. Jakob Grazzini & Lorenza Rossi, 2020. "New Firms, Capital Intensity and the Labor Share: New Theoretical and Empirical Insights," CESifo Working Paper Series 8255, CESifo.
    93. Cynthia L. Doniger, 2021. "What Can We Learn from Asynchronous Wage Changes?," Finance and Economics Discussion Series 2021-055r1, Board of Governors of the Federal Reserve System (U.S.), revised 31 Mar 2022.
    94. Amendola, Marco & Ciampa, Valerio & Germani, Lorenzo, 2024. "The distributional effects of labour market deregulation: Wage share and fixed-term contracts," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 328-338.
    95. Kurozumi, Takushi & Van Zandweghe, Willem, 2022. "Macroeconomic changes with declining trend inflation: Complementarity with the superstar firm hypothesis," European Economic Review, Elsevier, vol. 141(C).
    96. Hong Cheng & Lukasz A. Drozd & Rahul Giri & Mathieu Taschereau-Dumouchel & Junjie Xia, 2021. "The Future of Labor: Automation and the Labor Share in the Second Machine Age," Working Papers 20-11, Federal Reserve Bank of Philadelphia.
    97. García-Perea, Pilar & Lacuesta, Aitor & Roldan-Blanco, Pau, 2021. "Markups and cost structure: Small Spanish firms during the Great Recession," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 137-158.
    98. Adam Aboobaker, 2022. "Macroeconomic Determinants of South Africa's Post-Apartheid Income Distribution," World Inequality Lab Working Papers halshs-03693225, HAL.
    99. Andrea L. Eisfeldt & Antonio Falato & Mindy Z. Xiaolan, 2022. "Human Capitalists," NBER Chapters, in: NBER Macroeconomics Annual 2022, volume 37, pages 1-61, National Bureau of Economic Research, Inc.
    100. Adam Aboobaker, 2022. "Macroeconomic Determinants of South Africa's Post-Apartheid Income Distribution," Working Papers halshs-03693225, HAL.
    101. Kosuke Aoki & Yoshihiko Hogen & Yojiro Ito & Kenji Kanai & Kosuke Takatomi, 2024. "Determinants of Price Markups at Japanese Firms and Implications for Productivity," Bank of Japan Working Paper Series 24-E-15, Bank of Japan.
    102. Matias Covarrubias & Germán Gutiérrez & Thomas Philippon, 2019. "From Good to Bad Concentration? US Industries over the Past 30 Years," NBER Chapters, in: NBER Macroeconomics Annual 2019, volume 34, pages 1-46, National Bureau of Economic Research, Inc.
    103. Mahlstedt, Robert & Weber, Rüdiger, 2020. "Risk Sharing Within and Outside the Firm: The Disparate Effects of Wrongful Discharge Laws on Expected Stock Returns," IZA Discussion Papers 13941, IZA Network @ LISER.
    104. Drago, Bergholt & Furlanetto, Francesco & Faccioli, Nicolò Maffei, 2019. "The decline of the labor share: new empirical evidence," Working Paper 2019/18, Norges Bank.
    105. Emmanuel Farhi & François Gourio, 2018. "Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia," Working Paper Series WP-2018-19, Federal Reserve Bank of Chicago.
    106. Steininger, Lea & Matzner, Anna, 2025. "Monetary policy and the firm-level labor share: a story about capital," Working Paper Series 3024, European Central Bank.
    107. Jaumandreu, Jordi & Doraszelski, Ulrich, 2019. "Using Cost Minimization to Estimate Markups," CEPR Discussion Papers 14114, C.E.P.R. Discussion Papers.
    108. Miller, Jason W. & Phares, Jonathan & Burks, Stephen V., 2025. "Bring Out the Bulls: Employment Dynamics of Trucking Firms During Highly Expansive Market Conditions," IZA Discussion Papers 17627, IZA Network @ LISER.
    109. Stiebale, Joel & Suedekum, Jens & Woessner, Nicole, 2024. "Robots and the rise of European superstar firms," International Journal of Industrial Organization, Elsevier, vol. 97(C).
    110. Joseba Martinez, 2018. "Automation, Growth and Factor Shares," 2018 Meeting Papers 736, Society for Economic Dynamics.
    111. Geoff Weir, 2018. "Wage Growth Puzzles and Technology," RBA Research Discussion Papers rdp2018-10, Reserve Bank of Australia.
    112. Lettau, Martin & Ludvigson, Sydney & Greenwald, Dan, 2019. "How the Wealth Was Won: Factor Shares as Market Fundamentals," CEPR Discussion Papers 14200, C.E.P.R. Discussion Papers.
    113. Kehrig, Matthias, 2018. "Comment on “Computerizing industries and routinizing jobs: Explaining trends in aggregate productivity” by Sangmin Aum, Sang Yoon (Tim) Lee and Yongseok Shin," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 22-28.
    114. Si, Xu & Liu, Yulin & Wang, Jun, 2023. "Dialect diversity and labor income share in China," Economic Systems, Elsevier, vol. 47(4).
    115. Nicolas Petrosky-Nadeau & Etienne Wasmer & Philippe Weil, 2021. "When Hosios meets Phillips: Connecting Efficiency and Stability to Demand Shocks," Working Papers ECARES 2021-06, ULB -- Universite Libre de Bruxelles.
    116. Andrew Glover & Jacob Short, 2019. "Can Capital Deepening Explain the Global Decline in Labor’s Share?," Staff Working Papers 19-3, Bank of Canada.
    117. Guimarães, Luís & Mazeda Gil, Pedro, 2022. "Explaining the Labor Share: Automation Vs Labor Market Institutions," Labour Economics, Elsevier, vol. 75(C).
    118. Xu, Yuanbin & Wei, Yuan & Zeng, Xin & Yu, Haiqing & Chen, Hongjie, 2024. "Big data development and labor income share: Evidence from China's national big data comprehensive pilot zones," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1415-1437.
    119. Barkai, Simcha, 2021. "The Decline of the Labor Share is not Explained by the Capitalization of Intellectual Property Products," Working Papers 310, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.

  5. Kehrig, Matthias & Vincent, Nicolas, 2019. "Good Dispersion, Bad Dispersion," CEPR Discussion Papers 13772, C.E.P.R. Discussion Papers.

    Cited by:

    1. Isaac Baley & Andrés Blanco, 2022. "The long-run effects of corporate tax reforms," Economics Working Papers 1813, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Helpman, Elhanan, 2024. "Foreign competition and innovation," Journal of International Economics, Elsevier, vol. 152(C).
    3. Engbom, Niklas & Moser, Christian & Sauermann, Jan, 2023. "Firm pay dynamics," Journal of Econometrics, Elsevier, vol. 233(2), pages 396-423.
    4. Wang, Wenya & Yang, Ei, 2023. "Multi-product firms and misallocation," Journal of Development Economics, Elsevier, vol. 163(C).
    5. Andrés Blanco & Isaac Baley, 2019. "Aggregate Dynamics in Lumpy Economies," Working Papers 1116, Barcelona School of Economics.
    6. Charles Boissel & Adrien Matray, 2021. "Dividend Taxes and the Allocation of Capital," Working Papers 2021-39, Princeton University. Economics Department..
    7. J. David Brown & Emin Dinlersoz & John S. Earle, 2022. "Productivity Dispersion, Misallocation, and Reallocation Frictions: Theory and Evidence from Policy Reforms," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(1), pages 1-43, March.
    8. Shalini Mitra & Gareth Liu-Evans, 2023. "Intangible Cycles," Working Papers 202302, University of Liverpool, Department of Economics, revised May 2023.
    9. Kenji Fujiwara, 2024. "Firm heterogeneity in competition among the big and the small," Bulletin of Economic Research, Wiley Blackwell, vol. 76(1), pages 147-166, January.
    10. Jan Schymik & Matthias Meier & Alexander Schramm & Alexander Schwemmer, 2025. "Capital (Mis)allocation, Incentives and Productivity," CRC TR 224 Discussion Paper Series crctr224_2025_637, University of Bonn and University of Mannheim, Germany.
    11. Helpman, Elhanan & Niswonger, Benjamin, 2020. "Dynamics of Markups, Concentration and Product Span," CEPR Discussion Papers 14881, C.E.P.R. Discussion Papers.
    12. Adrien Matray & Charles Boissel, 2020. "Higher Dividend Taxes, No Problem! Evidence from Taxing Entrepreneurs in France," Working Papers 276, Princeton University, Department of Economics, Center for Economic Policy Studies..
    13. Hazell, Jonathon & Patterson, Christina & Sarsons, Heather & Taska, Bledi, 2023. "National Wage Setting," IZA Discussion Papers 16493, IZA Network @ LISER.
    14. Dan Cao & Henry Hyatt & Toshihiko Mukoyama & Erick Sager, 2020. "Firm Growth through New Establishments," Working Papers gueconwpa~20-20-02, Georgetown University, Department of Economics.
    15. Kaoru Hosono & Miho Takizawa, 2022. "Japan's productivity stagnation: Using dynamic Hsieh–Klenow decomposition," Contemporary Economic Policy, Western Economic Association International, vol. 40(1), pages 218-232, January.
    16. Antonin Bergeaud & Edouard Jousselin & Clément Malgouyres, 2021. "Ten years on from the business tax reform: how has it affected companies’ behaviour? [Dix ans après la réforme de la taxe professionnelle : quels effets sur le comportement des entreprises ?]," Bulletin de la Banque de France, Banque de France, issue 238.

  6. Matthias Kehrig & Nicolas Vincent, 2017. "Growing Productivity without Growing Wages: The Micro-Level Anatomy of the Aggregate Labor Share Decline," CESifo Working Paper Series 6454, CESifo.

    Cited by:

    1. Guschanski, Alexander & Onaran, Özlem, 2018. "The labour share and financialisation: Evidence from publicly listed firms," Greenwich Papers in Political Economy 19371, University of Greenwich, Greenwich Political Economy Research Centre.
    2. Renjie Bao & Jan De Loecker & Jan Eeckhout, 2022. "Are Managers Paid for Market Power?," Working Papers 1340, Barcelona School of Economics.
    3. Andrew Glover & Jacob Short, 2020. "Can Capital Deepening Explain the Global Decline in Labor's Share?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 35, pages 35-53, January.
    4. Maarten de Ridder, 2019. "Market Power and Innovation in the Intangible Economy," Discussion Papers 1907, Centre for Macroeconomics (CFM).
    5. Richiardi, Matteo & Valenzuela, Luis, 2019. "Firm Heterogeneity and the Aggregate Labour Share," INET Oxford Working Papers 2019-08, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    6. Fernández-Villaverde, Jesús & Mandelman, Federico & Yu, Yang & Zanetti, Francesco, 2021. "The “Matthew effect” and market concentration: Search complementarities and monopsony power," Journal of Monetary Economics, Elsevier, vol. 121(C), pages 62-90.
    7. Andrew Glover & Jacob Short, 2023. "Demographic Origins of the Decline in Labor’s Share," Staff Working Papers 23-20, Bank of Canada.
    8. Andres Donangelo & François Gourio & Matthias Kehrig & Miguel Palacios, 2017. "The Cross-Section of Labor Leverage and Equity Returns," Working Papers 17-70, Center for Economic Studies, U.S. Census Bureau.
    9. Luis Díez Catalán, 2018. "The labor share in the service economy," Working Papers 18/09, BBVA Bank, Economic Research Department.
    10. David Rezza Baqaee & Emmanuel Farhi, 2017. "Productivity and Misallocation in General Equilibrium," NBER Working Papers 24007, National Bureau of Economic Research, Inc.
    11. Jan De Loecker & Jan Eeckhout & Gabriel Unger, 2020. "The Rise of Market Power and the Macroeconomic Implications [“Econometric Tools for Analyzing Market Outcomes”]," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(2), pages 561-644.
    12. Gabriel Smagghue, 2022. "Heterogeneous Policy Distortions and the Labor Share," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 56-79, January.
    13. Sampson, Thomas & Grossman, Gene & Helpman, Elhanan & Oberfield, Ezra, 2017. "The Productivity Slowdown and the Declining Labor Share: A Neoclassical Exploration," CEPR Discussion Papers 12342, C.E.P.R. Discussion Papers.
    14. vom Lehn, Christian, 2018. "Understanding the decline in the U.S. labor share: Evidence from occupational tasks," European Economic Review, Elsevier, vol. 108(C), pages 191-220.
    15. Ben Lipsius, 2018. "Labor Market Concentration does not Explain the Falling Labor Share," 2018 Papers pli1202, Job Market Papers.
    16. Philippon, Thomas & Gutierrez, German, 2017. "Declining Competition and Investment in the U.S," CEPR Discussion Papers 12536, C.E.P.R. Discussion Papers.
    17. Russell W. Cooper & John Haltiwanger & Jonathan L. Willis, 2024. "Declining Responsiveness at the Establishment Level: Sources and Productivity Implications," FRB Atlanta Working Paper 2024-3, Federal Reserve Bank of Atlanta.
    18. Zhang, Hongsong, 2019. "Non-neutral technology, firm heterogeneity, and labor demand," Journal of Development Economics, Elsevier, vol. 140(C), pages 145-168.
    19. Van Reenen, John & Autor, David & Dorn, David & Katz, Lawrence & Patterson, Christina, 2017. "The Fall of the Labor Share and the Rise of Superstar Firms," CEPR Discussion Papers 12041, C.E.P.R. Discussion Papers.
    20. Michael MITSOPOULOS & Theodore PELAGIDIS, 2021. "Labor Taxation And Investment In Developed Countries. The Impact On Employment," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 13-31, June.
    21. Emmanuel Farhi & François Gourio, 2018. "Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia," NBER Working Papers 25282, National Bureau of Economic Research, Inc.
    22. Lopez, Rigoberto A., 2022. "The Dimensions of Productivity Change in the U.S. Food Manufacturing Industries," 2023 Allied Social Sciences Association (ASSA) Annual Meeting, January 6-8, 2023, New Orleans, Louisiana 316831, Agricultural and Applied Economics Association.
    23. Joachim Hubmer, 2019. "The Race Between Preferences and Technology," 2019 Meeting Papers 1430, Society for Economic Dynamics.
    24. Gene Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2018. "The Productivity Slowdown and the Declining Labor Share," 2018 Meeting Papers 169, Society for Economic Dynamics.
    25. Emilien Gouin-Bonenfant, 2018. "Productivity Dispersion, Between-firm Competition and the Labor Share," 2018 Meeting Papers 1171, Society for Economic Dynamics.
    26. Dibyendu Maiti & Chiranjib Neogi, 2024. "Endogeneity-corrected stochastic frontier with market imperfections," Empirical Economics, Springer, vol. 67(3), pages 1149-1183, September.
    27. Dibyendu Maiti, 2019. "Trade, Labor Share, and Productivity in India's Industries," ADBI Working Papers 926, Asian Development Bank Institute.
    28. Loukas Karabarbounis & Brent Neiman, 2018. "Accounting for Factorless Income," NBER Working Papers 24404, National Bureau of Economic Research, Inc.
    29. Ujjayini Roy & Indrani Chakraborty, 2024. "Market concentration, promoter ownership and firm performance: evidence from Indian corporate firms," Indian Economic Review, Springer, vol. 59(1), pages 27-85, June.
    30. Lea Steininger & Alexander A. Popov, 2023. "Monetary Policy and Local Industry Structure," Department of Economics Working Papers wuwp333, Vienna University of Economics and Business, Department of Economics.
    31. German Gutierrez, 2018. "Investigating Global Labor and Pro t Shares," 2018 Meeting Papers 165, Society for Economic Dynamics.
    32. Paul, Saumik & Thomas, Liam, 2020. "The Agricultural Productivity Gap and Self-Employment Bias in the Labor Income Share," IZA Discussion Papers 13415, IZA Network @ LISER.
    33. Matias Covarrubias & Germán Gutiérrez & Thomas Philippon, 2019. "From Good to Bad Concentration? U.S. Industries over the past 30 years," NBER Working Papers 25983, National Bureau of Economic Research, Inc.
    34. Marika Karanassou & Héctor Sala, 2020. "Distributional Consequences of Technology, Trade Globalisation and Financialisation in the US," The Economic and Social Review, Economic and Social Studies, vol. 51(2), pages 275-303.
    35. Gabriele Ciminelli & Mr. Romain A Duval & Davide Furceri, 2018. "Employment Protection Deregulation and Labor Shares in Advanced Economies," IMF Working Papers 2018/186, International Monetary Fund.
    36. Gabriel Smagghue, 2021. "Heterogeneous Policy Distortions and the Labor Share," Working papers 803, Banque de France.
    37. Takahashi, Harutaka & Le Riche, Antoine, 2020. "A Dynamic Theory of the Declining Aggregated Labor Income Share: Intangible Capital vs. Tangible Capital," MPRA Paper 101564, University Library of Munich, Germany, revised 05 Apr 2020.
    38. Giuseppe Berlingieri & Sara Calligaris & Chiara Criscuolo, 2018. "The productivity-wage premium: does size still matter in a service economy?," CEP Discussion Papers dp1557, Centre for Economic Performance, LSE.
    39. Baris Kaymak & Immo Schott, 2018. "Corporate Tax Cuts and the Decline of the Labor Share," 2018 Meeting Papers 943, Society for Economic Dynamics.
    40. Philippe Aghion & Benjamin F. Jones & Charles I. Jones, 2017. "Artificial Intelligence and Economic Growth," NBER Working Papers 23928, National Bureau of Economic Research, Inc.
    41. Saumik Paul & Yoko Oishi, 2018. "A Primer on the Drivers of Labor Income Share," Working Papers id:12948, eSocialSciences.
    42. Asli Leblebicioglu & Ariel Weinberger, 2017. "Credit and the Labor Share: Evidence from U.S. States," Globalization Institute Working Papers 326, Federal Reserve Bank of Dallas.
    43. Dauth, Wolfgang & Findeisen, Sebastian & Südekum, Jens & Wößner, Nicole, 2017. "German robots - the impact of industrial robots on workers," IAB-Discussion Paper 201730, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    44. Vicente Salas & Lucio San Juan & Javier Vallés, 2018. "Corporate cost and profit shares in the euro area and the US: the same story?," Working Papers 1833, Banco de España.
    45. Jagannath Mallick, 0. "Does Global Economic Integration affect Labour Income Share in India?," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 0, pages 1-19.
    46. David Baqaee & Emmanuel Farhi, 2020. "Entry vs. Rents: Aggregation with Economies of Scale," NBER Working Papers 27140, National Bureau of Economic Research, Inc.
    47. Juan Ignacio Palacio-Morena & Alejandro Mungaray-Lagarda & Lizbeth Salgado-Beltrán & Jaciel Ramsés Méndez-León, 2025. "Full Competition and Innovation," Sustainability, MDPI, vol. 17(2), pages 1-22, January.
    48. Joseba Martinez, 2018. "Automation, Growth and Factor Shares," 2018 Meeting Papers 736, Society for Economic Dynamics.
    49. Geoff Weir, 2018. "Wage Growth Puzzles and Technology," RBA Research Discussion Papers rdp2018-10, Reserve Bank of Australia.
    50. Kehrig, Matthias, 2018. "Comment on “Computerizing industries and routinizing jobs: Explaining trends in aggregate productivity” by Sangmin Aum, Sang Yoon (Tim) Lee and Yongseok Shin," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 22-28.

  7. Matthias Kehrig & Nicolas Vincent, 2017. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data," Working Papers 17-14, Center for Economic Studies, U.S. Census Bureau.

    Cited by:

    1. Alam, M. Jahangir, 2020. "Capital misallocation: Cyclicality and sources," Journal of Economic Dynamics and Control, Elsevier, vol. 112(C).
    2. Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," Working Papers 17-06, New York University, Leonard N. Stern School of Business, Department of Economics.
    3. Alpysbayeva, Dinara & Vanormelingen, Stijn, 2022. "Labor market rigidities and misallocation: Evidence from a natural experiment," Labour Economics, Elsevier, vol. 78(C).
    4. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    5. Dan Cao & Erick Sager & Henry Hyatt & Toshihiko Mukoyama, 2019. "Firm Growth through New Establishments," 2019 Meeting Papers 1484, Society for Economic Dynamics.
    6. Schmid, Lukas & David, Joel & Zeke, David, 2018. "Risk-Adjusted Capital Allocation and Misallocation," CEPR Discussion Papers 13205, C.E.P.R. Discussion Papers.
    7. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    8. Marin, Dalia & Doerr, Sebastian & Suverato, Davide & Verdier, Thierry, 2020. "Mis-allocation Within Firms: Internal Finance and International Trade," CEPR Discussion Papers 14478, C.E.P.R. Discussion Papers.
    9. Drautzburg, Thorsten, 2019. "Entrepreneurial tail risk: Implications for employment dynamics," Journal of Monetary Economics, Elsevier, vol. 104(C), pages 85-100.
    10. Guo, Audrey, 2020. "The Effects of Unemployment Insurance Taxation on Multi-Establishment Firms," MPRA Paper 97919, University Library of Munich, Germany.
    11. Darmouni, Olivier & Sutherland, Andrew, 2024. "Investment when new capital is hard to find," Journal of Financial Economics, Elsevier, vol. 154(C).
    12. Robert Kurtzman & David Zeke, 2020. "Misallocation Costs of Digging Deeper into the Central Bank Toolkit," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 94-126, October.
    13. Meier, Matthias, 2017. "Time to Build and the Business Cycle," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168059, Verein für Socialpolitik / German Economic Association.

  8. Cosmin Ilut & Rosen Valchev & Nicolas Vincent, 2016. "Paralyzed by Fear: Rigid and Discrete Pricing under Demand Uncertainty," Boston College Working Papers in Economics 940, Boston College Department of Economics.

    Cited by:

    1. Guojun He & Jeffrey T. LaFrance & Jeffrey M. Perloff & Richard Volpe, 2024. "How do Everyday-Low-Price Supermarkets Adjust Their Prices?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 64(1), pages 117-146, February.
    2. Xu, Xiangyun & Li, Xing & Meng, Jie & Hu, Xueqi & Ge, Yingfan, 2024. "The impact of the tail risk of demand on corporate investment: Evidence from Chinese manufacturing firms," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    3. Cosmin L. Ilut & Martin Schneider, 2022. "Modeling Uncertainty as Ambiguity: a Review," NBER Working Papers 29915, National Bureau of Economic Research, Inc.
    4. Cosmin Ilut & Rosen Valchev & Nicolas Vincent, 2020. "Paralyzed by Fear: Rigid and Discrete Pricing Under Demand Uncertainty," Econometrica, Econometric Society, vol. 88(5), pages 1899-1938, September.
    5. Diego Aparicio & Roberto Rigobon, 2020. "Quantum Prices," NBER Working Papers 26646, National Bureau of Economic Research, Inc.
    6. Olivier Coibion & Yuriy Gorodnichenko & Tiziano Ropele, 2018. "Inflation Expectations and Firm Decisions: New Causal Evidence," NBER Working Papers 25412, National Bureau of Economic Research, Inc.
    7. Martin Harding & Jesper Lindé & Mathias Trabandt, 2022. "Understanding Post-COVID Inflation Dynamics," Staff Working Papers 22-50, Bank of Canada.
    8. Michael Reiter & Adrian Wende, 2024. "Generalized Rotemberg Price-Setting," CESifo Working Paper Series 11297, CESifo.
    9. Paciello, Luigi & Michelacci, Claudio, 2017. "Ambiguous Policy Announcements," CEPR Discussion Papers 11754, C.E.P.R. Discussion Papers.
    10. Canales, Mario & Lopez-Martin, Bernabe, 2024. "Exchange rates, uncertainty, and price-setting: Evidence from CPI microdata," Economic Modelling, Elsevier, vol. 139(C).
    11. Ogawa, Shogo, 2022. "Survey of non-Walrasian disequilibrium economic theory," MPRA Paper 115011, University Library of Munich, Germany.
    12. Axelle Ferriere & Anastasios Karantounias, 2019. "Fiscal Austerity in Ambiguous Times," PSE-Ecole d'économie de Paris (Postprint) halshs-02084280, HAL.
    13. Radoslaw Paluszynski & Pei Cheng Yu, 2023. "Commitment versus Flexibility and Sticky Prices: Evidence from Life Insurance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 99-122, July.
    14. Staffa, Ruben Marek, 2023. "Macroeconomic effects from sovereign risk vs. Knightian uncertainty," IWH Discussion Papers 27/2023, Halle Institute for Economic Research (IWH).
    15. Stéphane Dupraz, 2017. "A Kinked-Demand Theory of Price Rigidity," Working papers 656, Banque de France.
    16. Aparicio, Diego & Rigobon, Roberto, 2023. "Quantum prices," Journal of International Economics, Elsevier, vol. 143(C).
    17. Luo, Yulei & Nie, Jun & Wang, Xiaowen & Young, Eric R., 2025. "Production and inventory dynamics under ambiguity aversion," Journal of Monetary Economics, Elsevier, vol. 152(C).
    18. Ilut, Cosmin & Saijo, Hikaru, 2021. "Learning, confidence, and business cycles," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 354-376.
    19. Cosmin Ilut & Rosen Valchev, 2024. "Learning Optimal Behavior Through Reasoning and Experiences," Papers 2403.18185, arXiv.org.
    20. Jean-Paul L'Huillier & Gregory Phelan, 2023. "Can Supply Shocks Be Inflationary with a Flat Phillips Curve?," Working Papers 23-36, Federal Reserve Bank of Cleveland.
    21. Artem Kuriksha, 2021. "An Economy of Neural Networks: Learning from Heterogeneous Experiences," Papers 2110.11582, arXiv.org.
    22. Timothy J. Richards, 2022. "Agribusiness and policy failures," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(1), pages 350-363, March.
    23. Maximilian Blesch & Philipp Eisenhauer, 2023. "Robust Decision-Making under Risk and Ambiguity," Rationality and Competition Discussion Paper Series 463, CRC TRR 190 Rationality and Competition.
    24. Cosmin L. Ilut & Rosen Valchev, 2020. "Economic Agents as Imperfect Problem Solvers," NBER Working Papers 27820, National Bureau of Economic Research, Inc.
    25. Richards, Timothy, 2025. "Market Concentration and Resilience in Agricultural Supply Chains," 2025 AAEA & WAEA Joint Annual Meeting, July 27-29, 2025, Denver, CO 361139, Agricultural and Applied Economics Association.
    26. Paciello, Luigi & Michelacci, Claudio, 2020. "Aggregate Risk or Aggregate Uncertainty? Evidence from UK Households," CEPR Discussion Papers 14557, C.E.P.R. Discussion Papers.
    27. Hahn, Volker & Marenčák, Michal, 2020. "Price points and price dynamics," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 127-144.
    28. Chen, Cheng & Senga, Tatsuro & Sun, Chang & Zhang, Hongyong, 2023. "Uncertainty, imperfect information, and expectation formation over the firm’s life cycle," Journal of Monetary Economics, Elsevier, vol. 140(C), pages 60-77.
    29. Barbara Rudolf & Pascal Seiler, 2022. "Price setting before and during the pandemic: evidence from Swiss consumer prices," Working Papers 2022-12, Swiss National Bank.
    30. Maximilian Blesch & Philipp Eisenhauer, 2021. "Robust Decision-Making Under Risk and Ambiguity," ECONtribute Discussion Papers Series 104, University of Bonn and University of Cologne, Germany.
    31. James Costain & Anton Nakov, 2019. "Logit Price Dynamics," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(1), pages 43-78, February.

  9. Oleksiy Kryvtsov & Nicolas Vincent, 2014. "On the Importance of Sales for Aggregate Price Flexibility," Staff Working Papers 14-45, Bank of Canada.

    Cited by:

    1. López-Salido, J David & Gagnon, Etienne & Sockin, Jason, 2015. "The Cyclicality of Sales, Regular and Effective Prices: Comment," CEPR Discussion Papers 10726, C.E.P.R. Discussion Papers.
    2. Bart Hobijn & Adam Shapiro & Fernanda Nechio, 2019. "Using Brexit to Identify the Nature of Price Rigidities," 2019 Meeting Papers 693, Society for Economic Dynamics.
    3. Oleksiy Kryvtsov, 2016. "Is there a quality bias in the Canadian CPI? Evidence from microdata," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(4), pages 1401-1424, November.
    4. Anderson, Eric & Malin, Benjamin A. & Nakamura, Emi & Simester, Duncan & Steinsson, Jón, 2017. "Informational rigidities and the stickiness of temporary Sales," Journal of Monetary Economics, Elsevier, vol. 90(C), pages 64-83.
    5. Ströbel, Johannes & Vavra, Joseph, 2015. "House Prices, Local Demand, and Retail Prices," CEPR Discussion Papers 10612, C.E.P.R. Discussion Papers.
    6. Carlos Viana de Carvalho & Niels Arne Dam & Jae Won Lee, 2014. "Real Rigidities and the Cross-Sectional Distribution of Price Stickiness: Evidence from Micro and Macro Data Combined," Textos para discussão 634, Department of Economics PUC-Rio (Brazil).
    7. Wenbin Wu, 2022. "Sales of Durable Goods and the Real Effects of Monetary Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 80-92, January.
    8. Fernando Alvarez & Francesco Lippi, 2018. "Temporary Price Changes, Inflation Regimes and the Propagation of Monetary Shocks," EIEF Working Papers Series 1801, Einaudi Institute for Economics and Finance (EIEF), revised Jan 2018.
    9. Chen Yeh & David Argente, 2016. "A Menu Cost Model with Price Experimentation," 2016 Meeting Papers 1515, Society for Economic Dynamics.
    10. Fernando Alvarez & Francesco Lippi, 2016. "Price plans and the real effects of monetary policy," EIEF Working Papers Series 1609, Einaudi Institute for Economics and Finance (EIEF), revised May 2016.
    11. Yuriy Gorodnichenko & Viacheslav Sheremirov & Oleksandr Talavera, 2014. "Price Setting in Online Markets: Does IT Click?," NBER Working Papers 20819, National Bureau of Economic Research, Inc.
    12. Erwan Gautier & Hervé Le Bihan, 2018. "Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model," 2018 Meeting Papers 248, Society for Economic Dynamics.
    13. Demetris Koursaros & Nektarios Michail & Niki Papadopoulou & Christos Savva, 2023. "Sales and promotions and the great recession deflation," Empirical Economics, Springer, vol. 64(1), pages 349-392, January.
    14. Richard Davies, 2021. "Prices and inflation in the UK - A new dataset," CEP Occasional Papers 55, Centre for Economic Performance, LSE.
    15. Munseob Lee & David Argente, 2015. "Cost of Living Inequality during the Great Recession," 2015 Meeting Papers 1372, Society for Economic Dynamics.
    16. Carlos Carvalho & Niels Arne Dam & Jae Won Lee, 2020. "The Cross-Sectional Distribution of Price Stickiness Implied by Aggregate Data," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 162-179, March.
    17. Kochen Federico, 2016. "Price-Setting in Mexico and the Real Effects of Monetary Shocks," Working Papers 2016-21, Banco de México.
    18. Sheremirov, Viacheslav, 2020. "Price dispersion and inflation: New facts and theoretical implications," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 59-70.
    19. Glandon, PJ, 2018. "Sales and the (Mis)measurement of price level fluctuations," Journal of Macroeconomics, Elsevier, vol. 58(C), pages 60-77.
    20. Judith A. Chevalier & Anil K. Kashyap, 2014. "Best Prices: Price Discrimination and Consumer Substitution," NBER Working Papers 20768, National Bureau of Economic Research, Inc.
    21. Nicoletta Berardi & Federico Ravenna & Mario Samano, 2020. "Everyday Regular Prices," Working papers 746, Banque de France.

  10. Federico Ravenna & Nicolas Vincent, 2014. "Inequality and Debt in a Model with Heterogeneous Agents," Cahiers de recherche 1408, CIRPEE.

    Cited by:

    1. Salvatore Morelli & Anthony Atkinson, 2015. "Inequality and crises revisited," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 32(1), pages 31-51, April.
    2. Ünay Tamgaç Tezcan, 2016. "Reference Groups And Household Consumption: Evidence From Turkey," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 5(1), pages 71-107, January.
    3. Klein, Mathias & Krause, Christopher, 2014. "Income Redistribution, Consumer Credit,and Keeping up with the Riches," Ruhr Economic Papers 509, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.

  11. Matthias Kehrig & Nicolas Vincent, 2013. "Financial Frictions and Investment Dynamics in Multi-Plant Firms," Working Papers 13-56, Center for Economic Studies, U.S. Census Bureau.

    Cited by:

    1. Tian, Can, 2015. "Riskiness, endogenous productivity dispersion and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 57(C), pages 227-249.
    2. Ruediger Bachmann & Steffen Elstner & Atanas Hristov, 2014. "Surprise, Surprise - Measuring Firm-Level Investment Innovations," 2014 Meeting Papers 515, Society for Economic Dynamics.
    3. Russell Cooper & Immo Schott, 2018. "Captial Reallocation and Productivity," 2018 Meeting Papers 121, Society for Economic Dynamics.

  12. Nicolas Vincent, 2012. "Price Stickiness in Customer Markets with Reference Prices," Cahiers de recherche 1230, CIRPEE.

    Cited by:

    1. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.

  13. López-Salido, J David & Vincent, Nicolas & Gagnon, Etienne, 2012. "Individual Price Adjustment along the Extensive Margin," CEPR Discussion Papers 9143, C.E.P.R. Discussion Papers.

    Cited by:

    1. Shoji, Toshiaki, 2022. "Menu costs and information rigidity: Evidence from the consumption tax hike in Japan," Journal of Macroeconomics, Elsevier, vol. 72(C).
    2. Fernando Alvarez & Francesco Lippi & Juan Passadore, 2016. "Are State and Time dependent models really different?," EIEF Working Papers Series 1610, Einaudi Institute for Economics and Finance (EIEF), revised Jun 2016.
    3. Fernando Álvarez & Pablo Andrés Neumeyer, 2020. "The Passthrough of Large-cost Shocks in an Inflationary Economy," Central Banking, Analysis, and Economic Policies Book Series, in: Gonzalo Castex & Jordi Galí & Diego Saravia (ed.),Changing Inflation Dynamics,Evolving Monetary Policy, edition 1, volume 27, chapter 2, pages 007-048, Central Bank of Chile.
    4. Giuntella, Osea & Rieger, Matthias & Rotunno, Lorenzo, 2019. "Weight Gains from Trade in Foods: Evidence from Mexico," IZA Discussion Papers 12677, IZA Network @ LISER.
    5. Cosmin Ilut & Rosen Valchev & Nicolas Vincent, 2020. "Paralyzed by Fear: Rigid and Discrete Pricing Under Demand Uncertainty," Econometrica, Econometric Society, vol. 88(5), pages 1899-1938, September.
    6. Karadi, Peter & Amann, Juergen & Bachiller, Javier Sánchez & Seiler, Pascal & Wursten, Jesse, 2023. "Price setting on the two sides of the Atlantic: evidence from supermarket-scanner data," Working Paper Series 2853, European Central Bank.
    7. Xavier Jaravel & Erick Sager, 2019. "What are the Price Effects of Trade? Evidence from the U.S. and Implications for Quantitative Trade Models," Finance and Economics Discussion Series 2019-068, Board of Governors of the Federal Reserve System (U.S.).
    8. Nicoletta Berardi & Patrick Sevestre & Tepaut, M. & Vigneron, A., 2012. "The impact of a `soda tax' on prices. Evidence from French micro data," Working papers 415, Banque de France.
    9. Emi Nakamura & Jón Steinsson, 2013. "Price Rigidity: Microeconomic Evidence and Macroeconomic Implications," NBER Working Papers 18705, National Bureau of Economic Research, Inc.
    10. Peter J. Klenow & Jonathan L. Willis, 2016. "Real Rigidities and Nominal Price Changes," Economica, London School of Economics and Political Science, vol. 83(331), pages 443-472, July.
    11. Erwan Gautier & Magali Marx & Paul Vertier, 2022. "How do Gasoline Prices Respond to a Cost Shock ?," Working papers 861, Banque de France.
    12. Etienne Gagnon & J. David López-Salido, 2014. "Small Price Responses to Large Demand Shocks," Finance and Economics Discussion Series 2014-18, Board of Governors of the Federal Reserve System (U.S.).
    13. Karadi, Peter & Schoenle, Raphael & Wursten, Jesse, 2021. "Measuring price selection in microdata: it’s not there," Working Paper Series 2566, European Central Bank.
    14. Reiff, Adam & Karadi, Peter, 2014. "Menu Costs, Aggregate Fluctuations, and Large Shocks," CEPR Discussion Papers 10138, C.E.P.R. Discussion Papers.
    15. Alberto Cavallo & Francesco Lippi & Ken Miyahara, 2024. "Large shocks travel fast," Working Papers 198, Peruvian Economic Association.
    16. Ariel Burstein & Gita Gopinath, 2013. "International Prices and Exchange Rates," NBER Working Papers 18829, National Bureau of Economic Research, Inc.
    17. Etienne Gagnon & Benjamin R. Mandel & Robert J. Vigfusson, 2014. "Missing Import Price Changes and Low Exchange Rate Pass-Through," American Economic Journal: Macroeconomics, American Economic Association, vol. 6(2), pages 156-206, April.
    18. Petrella, Ivan & Santoro, Emiliano & Simonsen, Lasse de la Porte, 2018. "Time-varying Price Flexibility and Inflation Dynamics," CEPR Discussion Papers 13027, C.E.P.R. Discussion Papers.
    19. Carvalho, Carlos & Kryvtsov, Oleksiy, 2021. "Price selection," Journal of Monetary Economics, Elsevier, vol. 122(C), pages 56-75.
    20. Jaravel, Xavier & Sager, Erick, 2019. "What are the price effects of trade? Evidence from the US for quantitative trade models," LSE Research Online Documents on Economics 103402, London School of Economics and Political Science, LSE Library.
    21. Luo, Shaowen & Villar, Daniel, 2021. "The price adjustment hazard function: Evidence from high inflation periods," Journal of Economic Dynamics and Control, Elsevier, vol. 130(C).
    22. Viacheslav Sheremirov, 2015. "Price dispersion and inflation: new facts and theoretical implications," Working Papers 15-10, Federal Reserve Bank of Boston.

  14. Rebelo, Sérgio & Eberly, Janice & Vincent, Nicolas, 2011. "What Explains the Lagged Investment Effect?," CEPR Discussion Papers 8309, C.E.P.R. Discussion Papers.

    Cited by:

    1. Lin, Xiaoji & Wang, Chong & Wang, Neng & Yang, Jinqiang, 2018. "Investment, Tobin’s q, and interest rates," Journal of Financial Economics, Elsevier, vol. 130(3), pages 620-640.
    2. Tambalotti, Andrea & Primiceri, Giorgio & Justiniano, Alejandro, 2013. "Household Leveraging and Deleveraging," CEPR Discussion Papers 9671, C.E.P.R. Discussion Papers.
    3. Robert E. Krainer, 2014. "Financial Aspects of Business Cycles: An Analysis of Balance Sheet Adjustments of U.S. Nonfinancial Enterprises over the Twentieth Century," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(2-3), pages 371-407, March.
    4. Liu, Bo & Niu, Yingjie & Zhang, Yuhua, 2019. "Corporate liquidity and risk management with time-inconsistent preferences," Economic Modelling, Elsevier, vol. 81(C), pages 295-307.
    5. Celil, Hursit S. & Julio, Brandon & Selvam, Srinivasan, 2023. "Investment sensitivity to lender default shocks," Journal of Corporate Finance, Elsevier, vol. 79(C).
    6. Sophia Chen & Estelle P. Dauchy, 2017. "Tax‐Adjusted q Model with Intangible Assets: Theory and Evidence from Temporary Investment Tax Incentives," Southern Economic Journal, John Wiley & Sons, vol. 83(4), pages 972-992, April.
    7. Sami Alpanda & Hyunji Song & Sarah Zubairy, 2021. "Household Debt and the Effects of Fiscal Policy," Working Papers 20210928-001, Texas A&M University, Department of Economics.
    8. Joel M. David & Venky Venkateswaran, 2019. "The Sources of Capital Misallocation," American Economic Review, American Economic Association, vol. 109(7), pages 2531-2567, July.
    9. David Hillier & Tiago Loncan, 2019. "Stock market integration, cost of equity capital, and corporate investment: Evidence from Brazil," European Financial Management, European Financial Management Association, vol. 25(1), pages 181-206, January.
    10. Ikeda, Daisuke, 2020. "Adverse selection, lemons shocks and business cycles," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 94-112.
    11. Chuku, Chuku & Onye, Kenneth & Ajah, Hycent, 2015. "Structural and institutional determinants of investment activity in Africa," MPRA Paper 68163, University Library of Munich, Germany.
    12. Razzak, Weshah, 2013. "An Empirical Study of Sectoral-Level Capital Investments in New Zealand," MPRA Paper 52461, University Library of Munich, Germany.
    13. Bouakez, Hafedh & Guillard, Michel & Roulleau-Pasdeloup, Jordan, 2020. "The optimal composition of public spending in a deep recession," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 334-349.
    14. Joe Cho Yiu NG & Charles Ka Yui LEUNG & Suikang CHEN, 2022. "Corporate Real Estate Holding and Stock Returns: International Evidence from Listed Companies," ISER Discussion Paper 1158, Institute of Social and Economic Research, The University of Osaka.
    15. Julián Caballero, 2020. "Corporate dollar debt and depreciations: all's well that ends well?," BIS Working Papers 879, Bank for International Settlements.
    16. Doğuhan Sündal, 2023. "Not your average firm: A quantile regression approach to firm‐level investment in the United States," Metroeconomica, Wiley Blackwell, vol. 74(4), pages 858-886, November.
    17. Panagiotidis, Theodore & Printzis, Panagiotis, 2020. "What is the investment loss due to uncertainty?," Global Finance Journal, Elsevier, vol. 45(C).
    18. Danilo Stojanovic, 2022. "The 2003 Tax Reform and Corporate Payout Policy in the US," CERGE-EI Working Papers wp727, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    19. Kuantan, Dhaha Praviandi & Siregar, Hermanto & Ratnawati, Anny & Juhro, Solikin M., 2021. "Corporate Investment Behavior and Level of Participation in the Global Value Chain: A Dynamic Panel Data Approach," MPRA Paper 115417, University Library of Munich, Germany, revised 23 Oct 2021.
    20. Peng, Juan & Yang, Jinqiang & Zhao, Pengxiang, 2025. "Investment, Tobin’s q, and the stochastic price of fossil fuel," Energy Economics, Elsevier, vol. 148(C).
    21. Dario Caldara & Matteo Iacoviello & Patrick Molligo & Andrea Prestipino & Andrea Raffo, 2019. "The Economic Effects of Trade Policy Uncertainty," International Finance Discussion Papers 1256, Board of Governors of the Federal Reserve System (U.S.).
    22. Magda Bianco & Maria Bontempi & Roberto Golinelli & Giuseppe Parigi, 2013. "Family firms’ investments, uncertainty and opacity," Small Business Economics, Springer, vol. 40(4), pages 1035-1058, May.
    23. Sanford, Anthony & Yang, Mu-Jeung, 2022. "Corporate investment and growth opportunities: The role of R&D-capital complementarity," Journal of Corporate Finance, Elsevier, vol. 72(C).
    24. Quynh Trang Phan & Poomthan Rangkakulnuwat, 2022. "How price informativeness affects the sensitivity of investment-to-stock price in Vietnamese listed firms," Afro-Asian Journal of Finance and Accounting, Inderscience Enterprises Ltd, vol. 12(1), pages 28-61.
    25. Bruno Ćorić & Vladimir Šimić, 2021. "Economic disasters and aggregate investment," Empirical Economics, Springer, vol. 61(6), pages 3087-3124, December.
    26. Bustamante, M. Cecilia, 2016. "How Do Frictions Affect Corporate Investment? A Structural Approach," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 51(6), pages 1863-1895, December.
    27. Filippo Ippolito & Ali Ozdagli & Ander Pérez-Orive, 2017. "The Transmission of Monetary Policy through Bank Lending : The Floating Rate Channel," Finance and Economics Discussion Series 2017-026, Board of Governors of the Federal Reserve System (U.S.).
    28. Tambalotti, Andrea & Primiceri, Giorgio & Justiniano, Alejandro, 2013. "The Effects of the Saving and Banking Glut on the U.S. Economy," CEPR Discussion Papers 9729, C.E.P.R. Discussion Papers.
    29. Adachi-Sato, Meg & Vithessonthi, Chaiporn, 2017. "Bank systemic risk and corporate investment: Evidence from the US," International Review of Financial Analysis, Elsevier, vol. 50(C), pages 151-163.
    30. Ikeda, Daisuke, 2015. "Optimal inflation rates with the trending relative price of investment," Journal of Economic Dynamics and Control, Elsevier, vol. 56(C), pages 20-33.
    31. Gala, Vito D. & Gomes, Joao F. & Liu, Tong, 2020. "Investment without Q," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 266-282.
    32. Guido Ascari & Qazi Haque & Leandro Magnusson & Sophocles Mavroeidis, 2023. "Empirical evidence on the Euler equation for investment in the US," Working Papers 785, DNB.
    33. Chen, Fan & Linn, Scott C., 2017. "Investment and operating choice: Oil and natural gas futures prices and drilling activity," Energy Economics, Elsevier, vol. 66(C), pages 54-68.
    34. Matthias Kehrig & Nicolas Vincent, 2017. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data," Working Papers 17-14, Center for Economic Studies, U.S. Census Bureau.
    35. Chen, Zhanhui, 2016. "Time-to-produce, inventory, and asset prices," Journal of Financial Economics, Elsevier, vol. 120(2), pages 330-345.
    36. Roberto Veneziani & Naoki Yoshihara, 2017. "The theory of exploitation as the unequal exchange of labour," UMASS Amherst Economics Working Papers 2017-04, University of Massachusetts Amherst, Department of Economics.
    37. Matteo Cacciatore & Giuseppe Fiori, 2016. "The Macroeconomic Effects of Goods and Labor Marlet Deregulation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 1-24, April.
    38. Priit Jeenas, 2023. "Firm balance sheet liquidity, monetary policy shocks, and investment dynamics," Economics Working Papers 1872, Department of Economics and Business, Universitat Pompeu Fabra.
    39. John Graham & Mark T. Leary & Michael R. Roberts, 2014. "How Does Government Borrowing Affect Corporate Financing and Investment?," NBER Working Papers 20581, National Bureau of Economic Research, Inc.
    40. Simon Gilchrist & Jae W. Sim & Egon Zakrajšek, 2014. "Uncertainty, Financial Frictions, and Investment Dynamics," NBER Working Papers 20038, National Bureau of Economic Research, Inc.
    41. Joe Cho Yiu Ng & Charles Ka Yui Leung & Suikang Chen, 2024. "Corporate Real Estate Holding and Stock Returns: Testing Alternative Theories with International Listed Firms," The Journal of Real Estate Finance and Economics, Springer, vol. 68(1), pages 74-102, January.
    42. Frederico Belo & Chen Xue & Lu Zhang, 2013. "A Supply Approach to Valuation," The Review of Financial Studies, Society for Financial Studies, vol. 26(12), pages 3029-3067.
    43. Grullon, Gustavo & Hund, John & Weston, James P., 2018. "Concentrating on q and cash flow," Journal of Financial Intermediation, Elsevier, vol. 33(C), pages 1-15.
    44. Livdan, Dmitry & Nezlobin, Alexander, 2021. "Investment, capital stock, and replacement cost of assets when economic depreciation is non-geometric," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1444-1469.
    45. Chortareas, Georgios & Noikokyris, Emmanouil & Rakeeb, Fathima Roshan, 2021. "Investment, firm-specific uncertainty, and market power in South Africa," Economic Modelling, Elsevier, vol. 96(C), pages 389-395.
    46. Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2018. "On DSGE Models," Journal of Economic Perspectives, American Economic Association, vol. 32(3), pages 113-140, Summer.
    47. Mahdi Nezafat & Tao Shen & Qinghai Wang, 2021. "Short selling, agency, and corporate investment," Financial Management, Financial Management Association International, vol. 50(3), pages 775-804, September.
    48. Ricardo Lagos & Priit Jeenas, 2022. "Q-Monetary Transmission," Working Papers 1348, Barcelona School of Economics.
    49. Harrison Hong & Neng Wang & Jinqiang Yang, 2023. "Mitigating Disaster Risks in the Age of Climate Change," Econometrica, Econometric Society, vol. 91(5), pages 1763-1802, September.
    50. Born, Benjamin & Pfeifer, Johannes, 2014. "Policy risk and the business cycle," Journal of Monetary Economics, Elsevier, vol. 68(C), pages 68-85.
    51. Leila E. Davis, 2013. "Financialization and the nonfinancial corporation: an investigation of firmlevel investment behavior in the U.S., 1971-2011," UMASS Amherst Economics Working Papers 2013-08, University of Massachusetts Amherst, Department of Economics.
    52. Ruhollah Eskandari & Morteza Zamanian, 2023. "Heterogeneous responses to corporate marginal tax rates: Evidence from small and large firms," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(7), pages 1018-1047, November.
    53. Jin Cao & Torje Hegna & Martin B. Holm & Ragnar Juelsrud & Tobias König & Mikkel Riiser, 2023. "The Investment Channel of Monetary Policy : Evidence from Norway," Working Paper 2023/5, Norges Bank.
    54. Hirokazu Mizobata, 2015. "Hiring, investments, and financial distress: evidence from a Panel VAR analysis of Japanese firms," Economics Bulletin, AccessEcon, vol. 35(4), pages 2558-2566.
    55. Mr. Joong S Kang & Shi Piao, 2015. "Production Offshoring and Investment by Japanese Firms," IMF Working Papers 2015/183, International Monetary Fund.
    56. Andrey Polbin & Sergey Sinelnikov-Murylev, 2024. "Developing and impulse response matching estimation of the DSGE model for the Russian economy," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 73, pages 5-34.
    57. Meg Adachi-Sato & Chaiporn Vithessonthi, 2016. "Bank Systemic Risk and Corporate Investment," PIER Discussion Papers 17, Puey Ungphakorn Institute for Economic Research.
    58. Neha Deopa & Daniele Rinaldo, 2019. "Firm Decisions under Jump-Diffusive Dynamics," IHEID Working Papers 04-2019, Economics Section, The Graduate Institute of International Studies, revised 21 Mar 2019.
    59. Chortareas, Georgios & Noikokyris, Emmanouil, 2021. "Investment, firm-specific uncertainty, and financial flexibility," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 25-35.
    60. Eisfeldt, Andrea L. & Muir, Tyler, 2016. "Aggregate external financing and savings waves," Journal of Monetary Economics, Elsevier, vol. 84(C), pages 116-133.
    61. Mykhayliv, Dariya & Zauner, Klaus G., 2017. "The impact of equity ownership groups on investment: Evidence from Ukraine," Economic Modelling, Elsevier, vol. 64(C), pages 20-25.
    62. Brandon Pizzola, 2018. "Business regulation and business investment: evidence from US manufacturing 1970–2009," Journal of Regulatory Economics, Springer, vol. 53(3), pages 243-255, June.
    63. Asiedu, Edward & Sadekla, Sylvester S. & Bokpin, Godfred A., 2020. "Aid to Africa’s agriculture towards building physical capital: Empirical evidence and implications for post-COVID-19 food insecurity," World Development Perspectives, Elsevier, vol. 20(C).
    64. Scott R. Baker & Brian Baugh & Marco C. Sammon, 2020. "Measuring Customer Churn and Interconnectedness," NBER Working Papers 27707, National Bureau of Economic Research, Inc.
    65. Lewis Alexander & Janice Eberly, 2018. "Investment Hollowing Out," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(1), pages 5-30, March.
    66. Giacomo Candian & Mikhail Dmitriev, 2020. "Risk Aversion, Uninsurable Idiosyncratic Risk, and the Financial Accelerator," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 299-322, July.
    67. Antonova, Anastasiia & Matvieiev, Mykhailo, 2025. "News and firm entry: The role of the waiting option," Journal of Economic Dynamics and Control, Elsevier, vol. 171(C).
    68. Lashitew, Addisu A., 2017. "The Uneven Effect of Financial Constraints: Size, Public Ownership, and Firm Investment in Ethiopia," World Development, Elsevier, vol. 97(C), pages 178-198.
    69. Klepsch, Catharina & Elsas, Ralf, 2016. "How and when do firms adjust their investments toward targets?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145486, Verein für Socialpolitik / German Economic Association.
    70. Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2016. "Unemployment and Business Cycles," Econometrica, Econometric Society, vol. 84(4), pages 1523-1569, July.
    71. Li, Shilin & Li, Tongtong & Yang, Jinqiang & Zhao, Siqi, 2021. "Tobin’s q and corporate investment with a pandemic shock," Economics Letters, Elsevier, vol. 209(C).
    72. Lim, Jamus Jerome, 2014. "Institutional and structural determinants of investment worldwide," Journal of Macroeconomics, Elsevier, vol. 41(C), pages 160-177.

  15. Jean Boivin & Robert Clark & Nicolas Vincent, 2010. "Virtual Borders: Online Nominal Rigidities and International Market Segmentation," NBER Working Papers 15642, National Bureau of Economic Research, Inc.

    Cited by:

    1. Marianne Baxter & Anthony Landry, . "IKEA: product, pricing, and pass-through," Proceedings, Federal Reserve Bank of San Francisco.
    2. Head, Keith & , & Tappata, Mariano, 2012. "Consumer Arbitrage Across a Porous Border," CEPR Discussion Papers 8730, C.E.P.R. Discussion Papers.
    3. Marianne Baxter & Anthony Landry, 2012. "IKEA: product, pricing, and pass-through," Globalization Institute Working Papers 132, Federal Reserve Bank of Dallas.
    4. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.

  16. Rebelo, Sérgio & Eberly, Janice & Vincent, Nicolas, 2008. "Investment and Value: A Neoclassical Benchmark," CEPR Discussion Papers 6737, C.E.P.R. Discussion Papers.

    Cited by:

    1. Liu, Bo & Niu, Yingjie & Zhang, Yuhua, 2019. "Corporate liquidity and risk management with time-inconsistent preferences," Economic Modelling, Elsevier, vol. 81(C), pages 295-307.
    2. Jaideep Chowdhury & Gokhan Sonaer, 2015. "Investment and Managerial Preferences," Economics Bulletin, AccessEcon, vol. 35(1), pages 392-399.
    3. Rubén Domínguez-Díaz & Samuel Hurtado & Carolina Menéndez, 2025. "Fiscal stimulus and productivity: simulating the NGEU program with an endogenous growth model," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 16(1), pages 191-228, March.
    4. Lawrence Christiano & Martin Eichenbaum & Sergio Rebelo, 2009. "When is the government spending multiplier large?," NBER Working Papers 15394, National Bureau of Economic Research, Inc.
    5. Bond, Stephen R. & Söderbom, Måns & Wu, Guiying, 2010. "Pursuing the Wrong Options? Adjustment Costs and the Relationship between Uncertainty and Capital Accumulation," Working Papers in Economics 449, University of Gothenburg, Department of Economics.
    6. Cao, Dan & Lorenzoni, Guido & Walentin, Karl, 2019. "Financial frictions, investment, and Tobin’s q," Journal of Monetary Economics, Elsevier, vol. 103(C), pages 105-122.
    7. Christopher L. House & Ana-Maria Mocanu & Matthew D. Shapiro, 2017. "Stimulus Effects of Investment Tax Incentives: Production versus Purchases," NBER Working Papers 23391, National Bureau of Economic Research, Inc.
    8. Yehong Yang & Guohua Cao, 2019. "Optimal Financing and Dividend Strategies with Time Inconsistency in a Regime Switching Economy," Complexity, Hindawi, vol. 2019, pages 1-11, April.
    9. Guiying (Laura) Wu, 2013. "Investment Frictions and the Aggregate Output Loss in China," Economic Growth Centre Working Paper Series 1307, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    10. Chakraborty, Indraneel, 2010. "Investment and Financing under Reverse Asset Substitution," Working Papers 10-2, University of Pennsylvania, Wharton School, Weiss Center.
    11. Jae Sim & Simon Gilchrist, 2007. "Investment during the Korean financial crisis: A structural econometric approach," 2007 Meeting Papers 53, Society for Economic Dynamics.
    12. Patrick Bolton & Neng Wang & Jinqiang Yang, 2015. "Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital," NBER Working Papers 20979, National Bureau of Economic Research, Inc.
    13. Olivier CARDI & Romain RESTOUT, 2023. "Why Hours Worked Decline Less After Technology Shocks?," Working Papers of BETA 2023-30, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    14. Peng, Juan & Yang, Jinqiang & Zhao, Pengxiang, 2025. "Investment, Tobin’s q, and the stochastic price of fossil fuel," Energy Economics, Elsevier, vol. 148(C).
    15. Christopher E. Boehm, 2016. "Government Spending and Durable Goods," CESifo Working Paper Series 6244, CESifo.
    16. Vasia Panousi & Dimitris Papanikolaou, 2011. "Investment, idiosyncratic risk, and ownership," Finance and Economics Discussion Series 2011-54, Board of Governors of the Federal Reserve System (U.S.).
    17. Wu, Ting & He, Linfeng & Zhang, Fan, 2021. "Endogenous discounting, investment and Tobin’s q," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
    18. Zonaira Akbar & Malik Fahim Bashir & Yasir Bin Tariq, 2021. "An analysis of political uncertainty and corporate investment cycles in Pakistan," Quality & Quantity: International Journal of Methodology, Springer, vol. 55(6), pages 2271-2293, December.
    19. Gan, Liu & Xia, Xin & Zhang, Hai, 2022. "Debt structure and debt overhang," Journal of Corporate Finance, Elsevier, vol. 74(C).
    20. Tao Shen, 2017. "Credit spreads and investment opportunities," Review of Quantitative Finance and Accounting, Springer, vol. 48(1), pages 117-152, January.
    21. Cardi, Olivier & Restout, Romain, 2023. "Sectoral fiscal multipliers and technology in open economy," Journal of International Economics, Elsevier, vol. 144(C).
    22. Marcus Hagedorn & Iourii Manovskii & Kurt Mitman, 2019. "The Fiscal Multiplier," NBER Working Papers 25571, National Bureau of Economic Research, Inc.
    23. Maurice J.G. Bun & Jasper Winter, 2022. "Capital and labor misallocation in the Netherlands," Journal of Productivity Analysis, Springer, vol. 57(1), pages 93-113, February.
    24. Brandon Julio & Vito Gala, 2011. "Convergence in Corporate Investments," 2011 Meeting Papers 911, Society for Economic Dynamics.
    25. de Ferra, Sergio & Mitman, Kurt & Romei, Federica, 2020. "Household heterogeneity and the transmission of foreign shocks," Journal of International Economics, Elsevier, vol. 124(C).
    26. Levine, Oliver, 2017. "Acquiring growth," Journal of Financial Economics, Elsevier, vol. 126(2), pages 300-319.
    27. Born, Benjamin & Peifer, Johannes, 2011. "Policy Risk and the Business Cycle," Bonn Econ Discussion Papers 06/2011, University of Bonn, Bonn Graduate School of Economics (BGSE).
    28. Jiaqi Jiang & Yun Feng, 2023. "Optimal hedging in the presence of internal flexibility," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 4557-4571, October.
    29. Patrick Bolton & Hui Chen & Neng Wang, 2009. "A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management," NBER Working Papers 14845, National Bureau of Economic Research, Inc.
    30. Xia, Xin & Gan, Liu, 2021. "Financing with equity-for-guarantee swaps and dynamic investment under incomplete markets," Economic Modelling, Elsevier, vol. 98(C), pages 349-360.
    31. Glover, Brent & Levine, Oliver, 2015. "Uncertainty, investment, and managerial incentives," Journal of Monetary Economics, Elsevier, vol. 69(C), pages 121-137.
    32. Tsoukalas, John D., 2011. "Time to build capital: Revisiting investment-cash-flow sensitivities," Journal of Economic Dynamics and Control, Elsevier, vol. 35(7), pages 1000-1016, July.
    33. Belo, Frederico & Deng, Yao & Salomao, Juliana, 2024. "Estimating and testing investment-based asset pricing models," Journal of Financial Economics, Elsevier, vol. 162(C).
    34. Leonid Kogan & Dimitris Papanikolaou, 2012. "Growth Opportunities, Technology Shocks, and Asset Prices," NBER Working Papers 17795, National Bureau of Economic Research, Inc.
    35. Bertinelli, Luisito & Cardi, Olivier & Restout, Romain, 2022. "Labor market effects of technology shocks biased toward the traded sector," Journal of International Economics, Elsevier, vol. 138(C).
    36. Joshua Aizenman & Yin-Wong Cheung & Xingwang Qian, 2025. "International Reserve Management and Firm Investment in Emerging Market Economies," Open Economies Review, Springer, vol. 36(2), pages 503-540, April.
    37. Gale, Douglas & Gottardi, Piero, 2013. "Capital structure and investment dynamics with fire sales," LSE Research Online Documents on Economics 59301, London School of Economics and Political Science, LSE Library.
    38. Zeynep Kabukcuoglu, 2019. "The cyclical behavior of R&D investment during the Great Recession," Empirical Economics, Springer, vol. 56(1), pages 301-323, January.
    39. Jiaqi Jiang & Yun Feng, 2021. "The interaction of risk management tools: Financial hedging, corporate diversification and liquidity," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2396-2413, April.
    40. Missaka Warusawitharana, 2012. "Profitability and the lifecycle of firms," Finance and Economics Discussion Series 2012-63, Board of Governors of the Federal Reserve System (U.S.).
    41. Livdan, Dmitry & Nezlobin, Alexander, 2021. "Investment, capital stock, and replacement cost of assets when economic depreciation is non-geometric," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1444-1469.
    42. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, May.
    43. Zabavnik, Darja & Verbič, Miroslav, 2023. "The effects of financial frictions on Slovenian companies: A panel VAR approach," Finance Research Letters, Elsevier, vol. 58(PC).
    44. Bolton, Patrick & Chen, Hui & Wang, Neng, 2013. "Market timing, investment, and risk management," Journal of Financial Economics, Elsevier, vol. 109(1), pages 40-62.
    45. Evers, Michael P., 2015. "Fiscal federalism and monetary unions: A quantitative assessment," Journal of International Economics, Elsevier, vol. 97(1), pages 59-75.
    46. Ichihiro UCHIDA & Yosuke TAKEDA & Daichi SHIRAI, 2012. "Technology and Capital Adjustment Costs: Micro evidence of automobile electronics in the auto-parts suppliers," Discussion papers 12001, Research Institute of Economy, Trade and Industry (RIETI).
    47. Giroud, Xavier & Dai, Min & Jiang, Wei & Wang, Neng, 2020. "A q Theory of Internal Capital Markets," CEPR Discussion Papers 15341, C.E.P.R. Discussion Papers.
    48. Zheng (Michael) Song & Guiying (Laura) Wu, 2013. "A Structural Estimation on Capital Market Distortions in Chinese Manufacturing," Economic Growth Centre Working Paper Series 1306, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    49. Winston Wei Dou & Yan Ji, 2021. "External Financing and Customer Capital: A Financial Theory of Markups," Management Science, INFORMS, vol. 67(9), pages 5569-5585, September.
    50. Missaka Warusawitharana, 2011. "The expected real return to equity," Finance and Economics Discussion Series 2011-14, Board of Governors of the Federal Reserve System (U.S.).
    51. Xioaji Lin & Chong Wang & Neng Wang & Jinqiang Yang, 2013. "Investment, Tobin's q, and Interest Rates," NBER Working Papers 19327, National Bureau of Economic Research, Inc.
    52. Eleni Angelopoulou & Sarantis Kalyvitis, 2012. "Estimating the Euler Equation for Aggregate Investment with Endogenous Capital Depreciation," Southern Economic Journal, John Wiley & Sons, vol. 78(3), pages 1057-1078, January.
    53. Erica X. N. Li & Haitao Li & Shujing Wang & Shujing Wang, 2019. "Macroeconomic Risks and Asset Pricing: Evidence from a Dynamic Stochastic General Equilibrium Model," Management Science, INFORMS, vol. 65(8), pages 3585-3604, August.
    54. Nir Jaimovich & Sergio Rebelo, 2007. "News and Business Cycles in Open Economies," Discussion Papers 07-016, Stanford Institute for Economic Policy Research.
    55. Nikolay Gospodinov & Ivana Komunjer & Serena Ng, 2014. "Minimum Distance Estimation of Dynamic Models with Errors-In-Variables," FRB Atlanta Working Paper 2014-11, Federal Reserve Bank of Atlanta.
    56. Missaka Warusawitharana, 2008. "Research and development, profits and firm value: a structural estimation," Finance and Economics Discussion Series 2008-52, Board of Governors of the Federal Reserve System (U.S.).
    57. Min Dai & Xavier Giroud & Wei Jiang & Neng Wang, 2024. "A q$q$ Theory of Internal Capital Markets," Journal of Finance, American Finance Association, vol. 79(2), pages 1147-1197, April.
    58. Patrick Bolton & Neng Wang & Jinqiang Yang, 2016. "Liquidity and Risk Management: Coordinating Investment and Compensation Policies," 2016 Meeting Papers 1703, Society for Economic Dynamics.
    59. Cardi, Olivier & Restout, Romain & Claeys, Peter, 2020. "Imperfect mobility of labor across sectors and fiscal transmission," Journal of Economic Dynamics and Control, Elsevier, vol. 111(C).
    60. Giacomo Candian & Mikhail Dmitriev, 2020. "Risk Aversion, Uninsurable Idiosyncratic Risk, and the Financial Accelerator," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 299-322, July.
    61. Humaira Asad & Faraz Khalid Cheema, 2017. "An Empirical Assessment of the Q-Factor Model: Evidence from the Karachi Stock Exchange," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 22(2), pages 117-138, July-Dec.
    62. Ma, Jinrun & Wu, Yaoyao & Liang, Yongtang, 2023. "Robust investment and hedging policy with limited commitment," Economic Modelling, Elsevier, vol. 125(C).
    63. Leena Rudanko & Francois Gourio, 2011. "Customer capital and the business cycle," 2011 Meeting Papers 120, Society for Economic Dynamics.
    64. Simon Gilchrist & Jae W. Sim, 2007. "Investment during the Korean Financial Crisis: A Structural Econometric Analysis," NBER Working Papers 13315, National Bureau of Economic Research, Inc.
    65. Wang, Chong & Wang, Neng & Yang, Jinqiang, 2012. "A unified model of entrepreneurship dynamics," Journal of Financial Economics, Elsevier, vol. 106(1), pages 1-23.
    66. Francois Gourio & Leena Rudanko, 2011. "Customer Capital," NBER Working Papers 17191, National Bureau of Economic Research, Inc.

  17. Isaac Kleshchelski & Nicolas Vincent, 2007. "Market Share and Price Rigidity," Cahiers de recherche 08-01, HEC Montréal, Institut d'économie appliquée.

    Cited by:

    1. Nakamura, Emi & Steinsson, Jón, 2011. "Price setting in forward-looking customer markets," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 220-233.
    2. Holmes, Mark J. & Otero, Jesús, 2023. "Asymmetric behaviour and the 9-ending pricing of retail gasoline," Energy, Elsevier, vol. 263(PC).
    3. Leena Rudanko, 2017. "The Value of Loyal Customers," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 2(2), pages 11-17, April.
    4. Ricardo J. Caballero & Eduardo M.R.A. Engel, 2007. "Price Stickiness in Ss Models: New Interpretations of Old Results," Working Papers 952, Economic Growth Center, Yale University.
    5. Atle Oglend & Frank Asche & Ruth Beatriz Mezzalira Pincinato & Hans‐Martin Straume, 2023. "Price dispersion and the stability of trade," Scandinavian Journal of Economics, Wiley Blackwell, vol. 125(3), pages 789-820, July.
    6. Levy, Daniel & Young, Andrew, 2019. "Promise, Trust and Betrayal: Costs of Breaching an Implicit Contract," MPRA Paper 94148, University Library of Munich, Germany.
    7. Raphael A. Auer & Thomas Chaney, 2008. "Cost Pass Through in a Competitive Model of Pricing-to-Market," Working Papers 2008-06, Swiss National Bank.
    8. Ryan Monarch, 2014. ""It's Not You, It's Me": Breakup In U.S.-China Trade Relationships," Working Papers 14-08, Center for Economic Studies, U.S. Census Bureau.
    9. Luigi Paciello & Andrea Pozzi & Nicholas Trachter, 2014. "Price Dynamics with Customer Markets," Working Paper 14-17, Federal Reserve Bank of Richmond.
    10. Roldan-Blanco, Pau & Gilbukh, Sonia, 2021. "Firm dynamics and pricing under customer capital accumulation," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 99-119.
    11. Raphael Brun-Aguerre & Ana-Maria Fuertes & Matthew Greenwood-Nimmo, 2017. "Heads I win; tails you lose: asymmetry in exchange rate pass-through into import prices," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 180(2), pages 587-612, February.
    12. Mathä, Thomas Y. & Pierrard, Olivier, 2011. "Search in the product market and the real business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1172-1191, August.
    13. Gust, Christopher & Leduc, Sylvain & Vigfusson, Robert, 2010. "Trade integration, competition, and the decline in exchange-rate pass-through," Journal of Monetary Economics, Elsevier, vol. 57(3), pages 309-324, April.
    14. Ravn, Morten & Uribe, Martín & Schmitt-Grohé, Stephanie, 2008. "Incomplete Cost Pass-Through Under Deep Habits," CEPR Discussion Papers 6674, C.E.P.R. Discussion Papers.
    15. Linde, Jesper & Trabandt, Mathias, 2019. "Resolving the Missing Deflation Puzzle," CEPR Discussion Papers 13690, C.E.P.R. Discussion Papers.
    16. Söderberg, Johan, 2011. "Customer markets and the welfare effects of monetary policy," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 206-219.
    17. Luís Cabral & Arthur Fishman, 2011. "Business as Usual: A Consumer Search Theory of Sticky Prices and Asymmetric Price Adjustment," Working Papers 2011-01, Bar-Ilan University, Department of Economics.
    18. Stéphane Dupraz, 2017. "A Kinked-Demand Theory of Price Rigidity," Working papers 656, Banque de France.
    19. Nicolas Vincent, 2012. "Price Stickiness in Customer Markets with Reference Prices," Cahiers de recherche 1230, CIRPEE.
    20. Leena Rudanko, 2022. "Price Setting with Customer Capital: Sales, Teasers, and Rigidity," Working Papers 22-31, Federal Reserve Bank of Philadelphia.
    21. Etienne Gagnon & J. David López-Salido, 2014. "Small Price Responses to Large Demand Shocks," Finance and Economics Discussion Series 2014-18, Board of Governors of the Federal Reserve System (U.S.).
    22. Mirko Abbritti, 2012. "Product Market Frictions, Bargaining and Pass-Through," Faculty Working Papers 19/12, School of Economics and Business Administration, University of Navarra.
    23. Michael Malenbaum, 2018. "Exchange Rate Pass-Through and the Role of Market Shares," Journal of Industry, Competition and Trade, Springer, vol. 18(2), pages 151-185, June.
    24. Wesselbaum, Dennis, 2010. "Price bargaining, the persistence puzzle, and monetary policy," Kiel Working Papers 1629, Kiel Institute for the World Economy.
    25. Mirko Abbritti & Tommaso Trani, 2014. "Search and Bargaining in the Product Market and Price Rigidities," Faculty Working Papers 09/14, School of Economics and Business Administration, University of Navarra.
    26. David M. Arseneau & Sanjay K. Chugh, 2008. "Optimal fiscal and monetary policy in customer markets," International Finance Discussion Papers 919, Board of Governors of the Federal Reserve System (U.S.).
    27. Mihai Copaciu & Florian Neagu & Horia Braun-Erdei, 2010. "Survey evidence on price-setting patterns of Romanian firms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(2-3), pages 235-247.
    28. Pau Roldan & Sophia Gilbukh, 2017. "Firm Dynamics and Pricing under Customer Capital Accumulation," 2017 Meeting Papers 1235, Society for Economic Dynamics.
    29. Raphael Auer & Thomas Chaney, 2009. "Exchange rate pass-through in a competitive model of pricing-to-market," Globalization Institute Working Papers 23, Federal Reserve Bank of Dallas.
    30. Wasim Shahid Malik & Ahsan ul Haq Satti & Ghulam Saghir, 2010. "Price Setting Behaviour of Pakistani Firms: Evidence from Four Industrial Cities of Punjab," PIDE-Working Papers 2010:65, Pakistan Institute of Development Economics.
    31. Sebastian Heise, 2019. "Firm-to-Firm Relationships and the Pass-Through of Shocks: Theory and Evidence," Staff Reports 896, Federal Reserve Bank of New York.
    32. Philip King & Stephen Millard, 2014. "Modelling the service sector," Discussion Papers 1401, Centre for Macroeconomics (CFM).
    33. David M. Arseneau & Sanjay K. Chugh, 2007. "Bargaining, fairness, and price rigidity in a DSGE environment," International Finance Discussion Papers 900, Board of Governors of the Federal Reserve System (U.S.).
    34. Leena Rudanko, 2017. "Pricing in a Frictional Product Market," 2017 Meeting Papers 1281, Society for Economic Dynamics.
    35. Leena Rudanko & Francois Gourio, 2011. "Customer capital and the business cycle," 2011 Meeting Papers 120, Society for Economic Dynamics.
    36. Abbritti, Mirko & Aguilera-Bravo, Asier & Trani, Tommaso, 2021. "Long-term business relationships, bargaining and monetary policy," Economic Modelling, Elsevier, vol. 101(C).
    37. Nicholas Trachter & Andrea Pozzi & Luigi Paciello, 2014. "Markups Dynamics with Customer Markets," 2014 Meeting Papers 39, Society for Economic Dynamics.
    38. Francois Gourio & Leena Rudanko, 2011. "Customer Capital," NBER Working Papers 17191, National Bureau of Economic Research, Inc.
    39. Hillen, Judith & Fedoseeva, Svetlana, 2021. "E-commerce and the end of price rigidity?," Journal of Business Research, Elsevier, vol. 125(C), pages 63-73.

  18. Isaac Kleshchelski & Nicolas Vincent, 2007. "Robust Equilibrium Yield Curves," Cahiers de recherche 08-02, HEC Montréal, Institut d'économie appliquée.

    Cited by:

    1. Larry G. Epstein & Martin Schneider, 2010. "Ambiguity and Asset Markets," NBER Working Papers 16181, National Bureau of Economic Research, Inc.
    2. Rhys M. Bidder & Matthew E. Smith, 2013. "Doubts and Variability: A Robust Perspective on Exotic Consumption Series," Working Paper Series 2013-28, Federal Reserve Bank of San Francisco.
    3. Ulrich, Maxim, 2013. "Inflation ambiguity and the term structure of U.S. Government bonds," Journal of Monetary Economics, Elsevier, vol. 60(2), pages 295-309.
    4. Hisashi Nakamura & Keita Nakayama & Akihiko Takahashi, 2008. "Term Structure of Interest Rates Under Recursive Preferences in Continuous Time," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 15(3), pages 273-305, December.
    5. Agarwal, Vikas & Arisoy, Y. Eser & Naik, Narayan Y., 2015. "Volatility of aggregate volatility and hedge funds returns," CFR Working Papers 15-03, University of Cologne, Centre for Financial Research (CFR).
    6. Aït-Sahalia, Yacine & Matthys, Felix, 2019. "Robust consumption and portfolio policies when asset prices can jump," Journal of Economic Theory, Elsevier, vol. 179(C), pages 1-56.
    7. Frank Fabozzi & Dashan Huang & Guofu Zhou, 2010. "Robust portfolios: contributions from operations research and finance," Annals of Operations Research, Springer, vol. 176(1), pages 191-220, April.
    8. Xu, Yuan, 2015. "Robustness to model uncertainty and the nominal term premium puzzle," Journal of Macroeconomics, Elsevier, vol. 44(C), pages 124-137.

  19. Nicolas Vincent, "undated". "NAOMI/US A small-scale model of the U.S. Economy," Working Papers-Department of Finance Canada 2002-09, Department of Finance Canada.

    Cited by:

    1. Bohdan Klos & Ryszard Kokoszczynski & Tomasz Lyziak & Jan Przystupa & Ewa Wrobel, 2005. "Structural Econometric Models in Forecasting Inflation at the National Bank of Poland," NBP Working Papers 31, Narodowy Bank Polski.

Articles

  1. Matthias Kehrig & Nicolas Vincent, 2021. "The Micro-Level Anatomy of the Labor Share Decline," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 136(2), pages 1031-1087.
    See citations under working paper version above.
  2. Oleksiy Kryvtsov & Nicolas Vincent, 2021. "The Cyclicality of Sales and Aggregate Price Flexibility," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(1), pages 334-377.

    Cited by:

    1. Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Working papers 878, Banque de France.
    2. David Staines, 2023. "Stochastic Equilibrium the Lucas Critique and Keynesian Economics," Papers 2312.16214, arXiv.org, revised Jun 2024.
    3. Karadi, Peter & Amann, Juergen & Bachiller, Javier Sánchez & Seiler, Pascal & Wursten, Jesse, 2023. "Price setting on the two sides of the Atlantic: evidence from supermarket-scanner data," Working Paper Series 2853, European Central Bank.
    4. Snir, Avichai & Chen, Haipeng (Allan) & Levy, Daniel, 2022. "Zero-Ending Prices, Cognitive Convenience, and Price Rigidity," MPRA Paper 114679, University Library of Munich, Germany.
    5. Stephen Murchison, 2025. "Non-homothetic Preferences and the Demand Channel of Inflation," Staff Working Papers 25-30, Bank of Canada.
    6. Miguel Ampudia & Michael Ehrmann & Georg Strasser, 2023. "The effect of monetary policy on inflation heterogeneity along the income distribution," BIS Working Papers 1124, Bank for International Settlements.
    7. Luca Dedola & Erwan Gautier & Chiara Osbat & Sergio Santoro, 2024. "Price Stickiness in the Euro Area," Working papers 958, Banque de France.
    8. Leena Rudanko, 2022. "Price Setting with Customer Capital: Sales, Teasers, and Rigidity," Working Papers 22-31, Federal Reserve Bank of Philadelphia.
    9. Diego Daruich & Julian Kozlowski, 2023. "Macroeconomic Implications of Uniform Pricing," American Economic Journal: Macroeconomics, American Economic Association, vol. 15(3), pages 64-108, July.
    10. Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Erwan Gautier & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area (Erwan Gautier, Cristina Conflitti, Riemer P. Faber, Brian Fabo, Ludmila Fadejeva, Valentin Jouvanceau, Jan-Oliver Menz, Teresa Messner, Pavlos Petroulas, Pau Roldan-Blanco, Fabio Rumler, Sergio S," Working Papers 240, Oesterreichische Nationalbank (Austrian Central Bank).
    11. Ampudia, Miguel & Ehrmann, Michael & Strasser, Georg, 2024. "Shopping behavior and the effect of monetary policy on inflation heterogeneity along the income distribution," Journal of Monetary Economics, Elsevier, vol. 148(C).
    12. Diego Solórzano & Lenin Arango-Castillo, 2024. "Price Duration Using Daily Online Data: Time- or State-Dependent?," Working Papers 2024-10, Banco de México.
    13. Henkel, Lukas & Wieland, Elisabeth & Błażejowska, Aneta & Conflitti, Cristina & Fabo, Brian & Fadejeva, Ludmila & Jonckheere, Jana & Karadi, Peter & Macias, Paweł & Menz, Jan-Oliver & Seiler, Pascal &, 2023. "Price setting during the coronavirus (COVID-19) pandemic," Occasional Paper Series 324, European Central Bank.
    14. Ray, Sourav & Snir, Avichai & Levy, Daniel, 2023. "Retail pricing format and rigidity of regular prices," MPRA Paper 117784, University Library of Munich, Germany, revised 29 Apr 2023.
    15. Kozo Ueda & Kota Watanabe & Tsutomu Watanabe, 2024. "Household Inventory, Temporary Sales, Price Indices," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(1), pages 217-251, February.
    16. Solórzano Diego, 2023. "Stylized Facts From Prices at Multi-Channel Retailers in Mexico," Working Papers 2023-09, Banco de México.
    17. Borraz, Fernando & Livan, Giacomo & Rodríguez-Martínez, Anahí & Picardo, Pablo, 2022. "Price, sales, and the business cycle: Microeconomic evidence," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(1).
    18. Barbara Rudolf & Pascal Seiler, 2022. "Price setting before and during the pandemic: evidence from Swiss consumer prices," Working Papers 2022-12, Swiss National Bank.
    19. Petrella, Ivan & Santoro, Emiliano & Winkelmann, Yannik, 2025. "Inflation and price flexibility," European Economic Review, Elsevier, vol. 178(C).
      • Petrella Ivan & Santoro Emiliano & Winkelmann Yannik, 2025. "Inflation and Price Flexibility," Working papers 099, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
    20. Carvalho, Carlos & Kryvtsov, Oleksiy, 2021. "Price selection," Journal of Monetary Economics, Elsevier, vol. 122(C), pages 56-75.
    21. Gautier, Erwan & Karadi, Peter & Conflitti, Cristina & Fabo, Brian & Fadejeva, Ludmila & Fuss, Catherine & Kosma, Theodora & Jouvanceau, Valentin & Martins, Fernando & Menz, Jan-Oliver & Messner, Tere, 2023. "Price adjustment in the euro area in the low-inflation period: evidence from consumer and producer micro price data," Occasional Paper Series 319, European Central Bank.
    22. Ueda, Kozo, 2023. "Duopolistic competition and monetary policy," Journal of Monetary Economics, Elsevier, vol. 135(C), pages 70-85.

  3. Cosmin Ilut & Rosen Valchev & Nicolas Vincent, 2020. "Paralyzed by Fear: Rigid and Discrete Pricing Under Demand Uncertainty," Econometrica, Econometric Society, vol. 88(5), pages 1899-1938, September.
    See citations under working paper version above.
  4. Ravenna, Federico & Vincent, Nicolas, 2014. "Inequality and debt in a model with heterogeneous agents," Economics Letters, Elsevier, vol. 123(2), pages 177-182.
    See citations under working paper version above.
  5. Etienne Gagnon & David López-Salido & Nicolas Vincent, 2013. "Individual Price Adjustment along the Extensive Margin," NBER Macroeconomics Annual, University of Chicago Press, vol. 27(1), pages 235-281.
    See citations under working paper version above.
  6. Boivin, Jean & Clark, Robert & Vincent, Nicolas, 2012. "Virtual borders," Journal of International Economics, Elsevier, vol. 86(2), pages 327-335.

    Cited by:

    1. José Anson & Mauro Boffa, 2018. "Consumer Arbitrage in Cross-Border E-commerce," RSCAS Working Papers 2018/17, European University Institute.
    2. Partridge, Mark D. & Yang, Benjian & Chen, Anping, 2017. "Do Border Effects Alter Regional Development: Evidence from China," MPRA Paper 82080, University Library of Munich, Germany.
    3. Clark, Robert & Vincent, Nicolas, 2012. "Capacity-contingent pricing and competition in the airline industry," Journal of Air Transport Management, Elsevier, vol. 24(C), pages 7-11.
    4. Anthony Landry & Marianne Baxter, 2013. "IKEA: Product, Pricing, and Pass-Through," 2013 Meeting Papers 1363, Society for Economic Dynamics.
    5. Nicholas Li, 2014. "Sticker Shock: The Causes of the Canada-US Price Differential," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 409, May.
    6. Baggs, Jen & Fung, Loretta & Lapham, Beverly, 2018. "Exchange rates, cross-border travel, and retailers: Theory and empirics," Journal of International Economics, Elsevier, vol. 115(C), pages 59-79.
    7. Ariel Burstein & Gita Gopinath, 2013. "International Prices and Exchange Rates," NBER Working Papers 18829, National Bureau of Economic Research, Inc.
    8. Ryan Chahrour & Luminita Stevens, 2015. "Equilibrium Price Dispersion and the Border Effect," Boston College Working Papers in Economics 888, Boston College Department of Economics.
    9. Chi-Young Choi & Anthony Murphy & Jyh-Lin Wu, 2017. "Segmentation of consumer markets in the US: What do intercity price differences tell us?," Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 738-777, August.

  7. Eberly, Janice & Rebelo, Sergio & Vincent, Nicolas, 2012. "What explains the lagged-investment effect?," Journal of Monetary Economics, Elsevier, vol. 59(4), pages 370-380.
    See citations under working paper version above.
  8. Clark, Robert & Vincent, Nicolas, 2012. "Capacity-contingent pricing and competition in the airline industry," Journal of Air Transport Management, Elsevier, vol. 24(C), pages 7-11.

    Cited by:

    1. Jost Daft & Sascha Albers & Sebastian Stabenow, 2021. "From product-oriented flight providers to customer-centric retailers: a dynamic offering framework and implementation guidelines for airlines," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 20(6), pages 615-625, December.
    2. Alderighi, Marco & Nicolini, Marcella & Piga, Claudio A., 2016. "Targeting leisure and business passengers with unsegmented pricing," Tourism Management, Elsevier, vol. 54(C), pages 502-512.
    3. Kevin R. Williams, 2017. "Dynamic Airline Pricing and Seat Availability," Cowles Foundation Discussion Papers 2103, Cowles Foundation for Research in Economics, Yale University.
    4. Bilotkach, Volodymyr & Gaggero, Alberto A. & Piga, Claudio A., 2015. "Airline pricing under different market conditions: Evidence from European Low-Cost Carriers," Tourism Management, Elsevier, vol. 47(C), pages 152-163.
    5. Ambarish Chandra, 2020. "Price Discrimination along Multiple Dimensions: New Evidence from a Regional Airline," Working Papers tecipa-676, University of Toronto, Department of Economics.
    6. Labake Temitope Adamolugbe & Chijioke Udechukwu Akpudo & Mobolaji Stephen Stephens & Chukwuemeka Albert Enyinda, 2023. "Factors Influencing the Airline Decision-Making Process in Planning Pricing Mechanisms in the Nigerian Aviation Industry," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 752-762, November.
    7. Alderighi, Marco & Gaggero, Alberto A & Piga, Claudio A, 2016. "The hidden side of dynamic pricing in airline markets," MPRA Paper 71674, University Library of Munich, Germany.
    8. Emel Aktas & Yuwei Meng, 2017. "An Exploration of Big Data Practices in Retail Sector," Logistics, MDPI, vol. 1(2), pages 1-28, December.
    9. Skorupski, Jacek & Wierzbińska, Magdalena, 2015. "A method to evaluate the time of waiting for a late passenger," Journal of Air Transport Management, Elsevier, vol. 47(C), pages 79-89.
    10. Longfei He & Xiao Zhang & Baofeng Huo & Yang Zhang, 2025. "Platform pricing and blockchain adoption for capacity sharing with cross-network externality and supply risk," Annals of Operations Research, Springer, vol. 344(2), pages 793-823, January.
    11. Anshu Agrawal, 2021. "Sustainability of airlines in India with Covid-19: Challenges ahead and possible way-outs," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 20(4), pages 457-472, August.

  9. Kleshchelski, Isaac & Vincent, Nicolas, 2009. "Market share and price rigidity," Journal of Monetary Economics, Elsevier, vol. 56(3), pages 344-352, April.
    See citations under working paper version above.

Chapters

  1. Etienne Gagnon & David López-Salido & Nicolas Vincent, 2012. "Individual Price Adjustment along the Extensive Margin," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 235-281, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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