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Joel David

Personal Details

First Name:Joel
Middle Name:
Last Name:David
RePEc Short-ID:pda513
[This author has chosen not to make the email address public]


Economic Research Department
Federal Reserve Bank of Chicago

Chicago, Illinois (United States)
RePEc:edi:rfrbcus (more details at EDIRC)

Research output

Jump to: Working papers Articles Chapters

Working papers

  1. 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.
  2. Joel M. David & David Zeke, 2021. "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series WP-2021-01, Federal Reserve Bank of Chicago.
  3. Mari Tanaka & Nicholas Bloom & Joel M. David & Maiko Koga, 2018. "Firm Performance and Macro Forecast Accuracy," NBER Working Papers 24776, National Bureau of Economic Research, Inc.
  4. Joel David, 2018. "Misallocation or Risk-Adjusted Capital Allocation?," 2018 Meeting Papers 323, Society for Economic Dynamics.
  5. Schmid, Lukas & David, Joel & Zeke, David, 2018. "Risk-Adjusted Capital Allocation and Misallocation," CEPR Discussion Papers 13205, C.E.P.R. Discussion Papers.
  6. Venky Venkateswaran & Joel David, 2017. "Capital Misallocation: Frictions or Distortions?," 2017 Meeting Papers 1636, Society for Economic Dynamics.
  7. Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," NBER Working Papers 23129, National Bureau of Economic Research, Inc.
  8. Joel M. David & Venky Venkateswaran, 2016. "Frictional Investment and the Sources of Misallocation," Working Papers 16-13, New York University, Leonard N. Stern School of Business, Department of Economics.
  9. Joel M. David & Ina Simonovska, 2015. "Correlated Beliefs, Returns, and Stock Market Volatility," NBER Working Papers 21480, National Bureau of Economic Research, Inc.
  10. Joel M. David & Espen Henriksen & Ina Simonovska, 2014. "The Risky Capital of Emerging Markets," NBER Working Papers 20769, National Bureau of Economic Research, Inc.
  11. Joel M. David & Hugo A. Hopenhayn & Venky Venkateswaran, 2014. "Information, Misallocation and Aggregate Productivity," NBER Working Papers 20340, National Bureau of Economic Research, Inc.
  12. Vaidyanathan Venkateswaran & Hugo A. Hopenhayn & Joel David, 2013. "The Informativeness of Stock Prices, Misallocation and Aggregate Productivity," 2013 Meeting Papers 455, Society for Economic Dynamics.
  13. Joel David, 2012. "The Aggregate Implications of Mergers and Acquisitions," 2012 Meeting Papers 1178, Society for Economic Dynamics.


  1. Joel M. David & François Gourio, 2023. "The Rise of Intangible Investment and the Transmission of Monetary Policy," Chicago Fed Letter, Federal Reserve Bank of Chicago, vol. 0, pages 1-8, August.
  2. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
  3. Joel M. David, 2021. "Has Covid-19 been a “reallocation recession”?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue 452, pages 1-8, March.
  4. Joel M David & Venky Venkateswaran & Ana Paula Cusolito & Tatiana Didier, 2021. "Capital Allocation in Developing Countries," The World Bank Economic Review, World Bank, vol. 35(4), pages 1102-1121.
  5. Joel M David, 2021. "The Aggregate Implications of Mergers and Acquisitions [Innovation, Reallocation, and Growth]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(4), pages 1796-1830.
  6. Tanaka, Mari & Bloom, Nicholas & David, Joel M. & Koga, Maiko, 2020. "Firm performance and macro forecast accuracy," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 26-41.
  7. Joel M. David, 2020. "Will the Covid-19 pandemic lead to job reallocation and persistent unemployment?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue 444, pages 1-6, August.
  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. Joel M. David & Hugo A. Hopenhayn & Venky Venkateswaran, 2016. "Information, Misallocation, and Aggregate Productivity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(2), pages 943-1005.
  10. David, Joel M. & Simonovska, Ina, 2016. "Correlated beliefs, returns, and stock market volatility," Journal of International Economics, Elsevier, vol. 99(S1), pages 58-77.


  1. Joel M. David & Ina Simonovska, 2016. "Correlated Beliefs, Returns, and Stock Market Volatility," NBER Chapters, in: NBER International Seminar on Macroeconomics 2015, National Bureau of Economic Research, Inc.

More information

Research fields, statistics, top rankings, if available.


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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 14 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (7) 2014-08-02 2015-01-14 2017-02-19 2018-08-20 2018-11-26 2021-06-21 2021-06-21. Author is listed
  2. NEP-BEC: Business Economics (5) 2017-02-19 2018-04-09 2021-06-21 2021-06-21 2023-06-12. Author is listed
  3. NEP-DGE: Dynamic General Equilibrium (5) 2013-11-22 2014-12-03 2016-07-23 2018-04-09 2021-06-21. Author is listed
  4. NEP-EFF: Efficiency and Productivity (5) 2013-11-22 2014-12-03 2017-02-19 2018-04-09 2018-08-20. Author is listed
  5. NEP-CTA: Contract Theory and Applications (3) 2013-11-22 2014-08-02 2014-12-03
  6. NEP-OPM: Open Economy Macroeconomics (3) 2015-01-14 2023-05-15 2023-06-12
  7. NEP-TID: Technology and Industrial Dynamics (3) 2014-08-02 2014-12-03 2017-02-19
  8. NEP-FOR: Forecasting (2) 2015-08-30 2018-08-20
  9. NEP-ENT: Entrepreneurship (1) 2018-08-20
  10. NEP-FDG: Financial Development and Growth (1) 2023-06-12
  11. NEP-FMK: Financial Markets (1) 2015-08-30
  12. NEP-GER: German Papers (1) 2015-08-30
  13. NEP-INT: International Trade (1) 2023-05-15
  14. NEP-MON: Monetary Economics (1) 2021-06-21
  15. NEP-TRA: Transition Economics (1) 2018-04-09


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