Report NEP-DGE-2018-09-03

This is the archive for NEP-DGE, a report on new working papers in the area of Dynamic General Equilibrium. Christian Zimmermann issued this report. It is usually issued weekly.

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Other reports in NEP-DGE

The following items were announced in this report:

• Elmer Sánchez León, 2018. "Mortgage Credit: Lending and Borrowing Constraints in a DSGE Model," Working Papers 125, Peruvian Economic Association.
• Jonathan Heathcote & Gianluca Violante & Kjetil Storesletten, 2018. "Optimal Progressivity with Age-Dependent Taxation," 2018 Meeting Papers 501, Society for Economic Dynamics.
• Christopher House & Christian Proebsting & Linda Tesar, 2018. "The Benefits of Labor Mobility in a Currency Union," 2018 Meeting Papers 876, Society for Economic Dynamics.
• Kathleen McKiernan, 2018. "Welfare Impact of Social Security Reform: The Case of Chile in 1981," 2018 Meeting Papers 253, Society for Economic Dynamics.
• Ricardo Reyes-Heroles, 2018. "Globalization and Structural Change in the United States: A Quantitative Assessment," 2018 Meeting Papers 1027, Society for Economic Dynamics.
• Axelle Ferriere & Gaston Navarro & Ricardo Reyes-Heroles, 2018. "Escaping the Losses from Trade: The Impact of Heterogeneity on Skill Acquisition," 2018 Meeting Papers 1248, Society for Economic Dynamics.
• Leena Rudanko, 2018. "Firm Wages in a Frictional Labor Market," 2018 Meeting Papers 1154, Society for Economic Dynamics.
• Hao Jin & Chen Xiong, 2018. "Financial Openness, Bank Capital Flows, and the Effectiveness of Macroprudential Policies," CAEPR Working Papers 2018-007, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
• Abdoulaye Ndiaye, 2018. "Flexible Retirement and Optimal Taxation," 2018 Meeting Papers 535, Society for Economic Dynamics.
• Axel Gottfries, 2018. "Partial commitment in models of on-the-job search with an application to minimum wage spillovers," 2018 Meeting Papers 567, Society for Economic Dynamics.
• Alexander Richter & Nathaniel Throckmorton, 2018. "A New Way to Quantify the Effect of Uncertainty," 2018 Meeting Papers 565, Society for Economic Dynamics.
• Sushant Acharya & Keshav Dogra, 2018. "Understanding HANK: Insights from a PRANK," 2018 Meeting Papers 539, Society for Economic Dynamics.
• Julio Carrillo & Enrique G. Mendoza & Victoria Nuguer & Jessica Roldan-Pena, 2017. "Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies," PIER Working Paper Archive 17-002, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 03 Feb 2017.
• Mikhail Golosov & Thomas Winberry, 2018. "Macroeconomic Implications of Asset Prices," 2018 Meeting Papers 214, Society for Economic Dynamics.
• Jesper Bagger & Mads Hejlesen & Kazuhiko Sumiya & Rune Vejlin, 2018. "Income Taxation and the Equilibrium Allocation of Labor," Economics Working Papers 2018-06, Department of Economics and Business Economics, Aarhus University.
• Galina Vereshchagina, 2018. "Financial constraints and economic development: the role of innovative investment," 2018 Meeting Papers 1107, Society for Economic Dynamics.
• Russell Cooper & Immo Schott, 2018. "Captial Reallocation and Productivity," 2018 Meeting Papers 121, Society for Economic Dynamics.
• Ales Marsal, 2018. "Government Spending and the Term Structure of Interest Rates in a DSGE Model," 2018 Meeting Papers 107, Society for Economic Dynamics.
• Shutao Cao & Césaire Meh & José-Víctor Ríos-Rull & Yaz Terajima, 2018. "The Welfare Cost of Inflation Revisited: The Role of Financial Innovation and Household Heterogeneity," Staff Working Papers 18-40, Bank of Canada.
• Andrea Bonfatti & Sagiri Kitao & Selahattin Imrohoroglu, 2018. "Aging, Factor Prices, and Capital Movements," 2018 Meeting Papers 245, Society for Economic Dynamics.
• Nguyen, Quoc Hung, 2018. "Financial Deepening in a Two-Sector Endogenous Growth Model with Productivity Heterogeneity," MPRA Paper 88328, University Library of Munich, Germany.
• Job Boerma & Loukas Karabarbounis, 2018. "Inferring Inequality with Home Production," 2018 Meeting Papers 157, Society for Economic Dynamics.
• Yunmin Chen & Cheng Chen Yang & YiLi Chien, 2018. "Implementing the Modified Golden Rule? Optimal Ramsey Capital Taxation with Incomplete Markets Revisited," 2018 Meeting Papers 59, Society for Economic Dynamics.
• Randall Wright & Xiaolin Xiao & Yu Zhu, 2018. "Frictional Capital Reallocation II: Ex Post Heterogeneity," 2018 Meeting Papers 544, Society for Economic Dynamics.
• Nida Cakir Melek, 2018. "The US Shale Oil Boom, the Oil Export Ban and the Economy: A General Equilibrium Analysis," 2018 Meeting Papers 26, Society for Economic Dynamics.
• Alan Finkelstein Shapiro & Maria Olivero, 2018. "Lending Relationships and Labor Market Dynamics," 2018 Meeting Papers 1113, Society for Economic Dynamics.
• 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.
• Feng Dong & Pengfei Wang & Yi Wen, 2018. "A Search-Based Neoclassical Model of Capital Reallocation," Working Papers 2018-17, Federal Reserve Bank of St. Louis.
• Timo Boppart & Hannes Malmberg & Per Krusell, 2018. "Capital deepening and agricultural labor productivity," 2018 Meeting Papers 294, Society for Economic Dynamics.
• Toan Phan & Andrew Hanson & Siddhartha Biswas, 2018. "Bubbly Recessions," 2018 Meeting Papers 440, Society for Economic Dynamics.
• Marcus Hagedorn & Iourii Manovskii & Jinfeng Luo & Kurt Mitman, 2018. "Forward Guidance," 2018 Meeting Papers 929, Society for Economic Dynamics.
• xavier Ragot & Francois Le Grand, 2018. "Sovereign Default and Liquidity: The Case for a World Safe," 2018 Meeting Papers 889, Society for Economic Dynamics.
• Silvio Rendon & J. Ignacio García-Pérez, 2018. "Family Job Search and Wealth: The Added Worker Effect Revisited," 2018 Meeting Papers 503, Society for Economic Dynamics.
• Ryan Chahrour & Rosen Valchev, 2018. "International Medium of Exchange: Privilege and Duty," 2018 Meeting Papers 317, Society for Economic Dynamics.
• Camilo Morales-Jimenez, 2018. "Dynamic and Stochastic Search Equilibrium," 2018 Meeting Papers 1240, Society for Economic Dynamics.
• Luca Flabbi, 2018. "Labor Market Search, Informality and Schooling Investments," 2018 Meeting Papers 130, Society for Economic Dynamics.
• Sushant Acharya & Shu Lin Wee, 2018. "Replacement Hiring," 2018 Meeting Papers 758, Society for Economic Dynamics.
• Berthold Herrendorf & Akos Valentinyi & Richard Rogerson, 2018. "Structural Change in Investment and Consumption: A Unified Approach," 2018 Meeting Papers 88, Society for Economic Dynamics.
• Alan Finkelstein Shapiro & Brendan Epstein, 2018. "Banking and Financial Access Reforms, Labor Markets, and Financial Shocks," 2018 Meeting Papers 2, Society for Economic Dynamics.
• Francesco Zanetti & Konstantinos Theodoridis, 2018. "State Dependence in Labor Market Fluctuations: Evidence, Theory, and Policy Implications," Economics Series Working Papers 856, University of Oxford, Department of Economics.
• Gauti Eggertsson & Jacob Robbins, 2018. "Kaldor and Piketty's Facts: the Rise of Monopoly Power in the United States," 2018 Meeting Papers 77, Society for Economic Dynamics.
• Miles S. Kimball & Matthew D. Shapiro & Tyler Shumway & Jing Zhang, 2018. "Portfolio Rebalancing in General Equilibrium," NBER Working Papers 24722, National Bureau of Economic Research, Inc.
• Tingting Zhu, 2018. "Private credit creation in the modern financial market," 2018 Meeting Papers 8, Society for Economic Dynamics.
• Leland Crane & Henry Hyatt & Seth Murray, 2018. "Cyclical Labor Market Sorting," 2018 Meeting Papers 939, Society for Economic Dynamics.
• Manuel Macera & Hitoshi Tsujiyama, 2018. "Frictional Labor Markets, Education Choices and Wage Inequality," 2018 Meeting Papers 827, Society for Economic Dynamics.
• Sewon Hur & Christopher Telmer & Siqiang Yang, 2018. "Household Portfolio Accounting," 2018 Meeting Papers 1298, Society for Economic Dynamics.
• Hanming Fang & Zenan Wu, 2017. "Life Insurance and Life Settlement Markets with Overconfident Policyholders," PIER Working Paper Archive 17-005, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 20 Mar 2017.
• Nicolas Caramp & Juan Passadore, 2018. "Risk Sharing Under Limited Commitment and Private Information," 2018 Meeting Papers 207, Society for Economic Dynamics.
• Piergallini, Alessandro, 2018. "Nonlinear Policy Behavior, Multiple Equilibria and Debt-Deflation Attractors," MPRA Paper 88336, University Library of Munich, Germany.
• Enrique G. Mendoza & Javier Bianchi & Chenxin Liu, 2016. "Fundamentals News, Global Liquidity and Macroprudential Policy," PIER Working Paper Archive 15-043, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 05 Dec 2016.
• Mark A. Aguiar & Manuel Amador, 2018. "Self-Fulfilling Debt Dilution: Maturity and Multiplicity in Debt Models," NBER Working Papers 24683, National Bureau of Economic Research, Inc.
• Fabian Eckert & Michael Peters, 2018. "Spatial Structural Change," 2018 Meeting Papers 98, Society for Economic Dynamics.
• Nicolas Petrosky-Nadeau & Etienne Wasmer & Philippe Weil, 2018. "The Efficiency of Surplus Sharing in Sequential Labor and Goods Markets," 2018 Meeting Papers 622, Society for Economic Dynamics.
• Thomas Davoine, 2018. "Population Aging and Cross-Country Redistribution in Integrated Capital Markets," EconPol Working Paper 9, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
• Marcelo Arbex & David Wiczer & Dennis O'Dea, 2018. "Network Search: Climbing the Job Ladder Faster," 2018 Meeting Papers 1195, Society for Economic Dynamics.
• Faisal Sohail, 2018. "Employer Size and Spinout Dynamics," 2018 Meeting Papers 274, Society for Economic Dynamics.
• Eunhee Lee & Kei-Mu Yi, 2018. "Global Value Chains and Inequality with Endogenous Labor Supply," NBER Working Papers 24884, National Bureau of Economic Research, Inc.
• Ray Fair, 2018. "Information Content of DSGE Forecasts," Papers 1808.02910, arXiv.org.
• Christian Bredemeier & Andreas Schabert & Christoph Kaufmann, 2018. "Interest Rate Spreads and Forward Guidance," 2018 Meeting Papers 491, Society for Economic Dynamics.
• Ye Li, 2018. "Fragile New Economy: The Rise of Intangible Capital and Financial Instability," 2018 Meeting Papers 1189, Society for Economic Dynamics.
• Jan Eeckhout & Xi Weng, 2018. "The Technological Origins of the Decline in Labor Market Dynamism," 2018 Meeting Papers 1007, Society for Economic Dynamics.
• Adrian Peralta-Alva & Marina Mendes Tavares & Xin Tang & Xuan Tam, 2018. "The Macroeconomic and Distributional Implications of Fiscal Consolidations in Low-income Countries," 2018 Meeting Papers 183, Society for Economic Dynamics.
• David Fuller & Damba Lkhagvasuren & Stephane Auray, 2018. "Unemployment Insurance Take-up Rates in an Equilibrium Search Model," 2018 Meeting Papers 496, Society for Economic Dynamics.
• Naoki Aizawa & Serena Rhee & Soojin Kim, 2018. "Labor Market Screening and Social Insurance Program Design for the Disabled," 2018 Meeting Papers 359, Society for Economic Dynamics.
• Feng Dong & Zhiwei XU, 2018. "Cycles of Credit Expansion and Misallocation: The Good, The Bad and The Ugly," 2018 Meeting Papers 444, Society for Economic Dynamics.
• Ivan Rudik & Derek Lemoine & Maxwell Rosenthal, 2018. "General Bayesian Learning in Dynamic Stochastic Models: Estimating the Value of Science Policy," 2018 Meeting Papers 369, Society for Economic Dynamics.
• Domenico Ferraro & Giuseppe Fiori, 2018. "The Scarring Effect of Asymmetric Business Cycles," 2018 Meeting Papers 283, Society for Economic Dynamics.
• Erin Wolcott, 2018. "Employment Inequality: Why Do the Low-Skilled Work Less Now?," 2018 Meeting Papers 487, Society for Economic Dynamics.
• Simeon Alder, 2018. "The Macroeconomics of Sorting and Turnover in a Dynamic Assignment Model\," 2018 Meeting Papers 1250, Society for Economic Dynamics.
• Anmol Bhandari & David Evans & Mikhail Golosov & Thomas J. Sargent, 2018. "Inequality, Business Cycles, and Monetary-Fiscal Policy," NBER Working Papers 24710, National Bureau of Economic Research, Inc.
• Colin C. Caines & Fabian Winkler, 2018. "Asset Price Learning and Optimal Monetary Policy," International Finance Discussion Papers 1236, Board of Governors of the Federal Reserve System (U.S.).
• Jason Donaldson & Giorgia Piacentino & Jeongmin Lee, 2018. "The Opportunity Cost of Collateral," 2018 Meeting Papers 1180, Society for Economic Dynamics.
• Canhui Hong, 2018. "Flight-to-quality debt crises," 2018 Meeting Papers 166, Society for Economic Dynamics.
• Si Guo & Yun Pei & Zoe Xie, 2018. "Fiscal Decentralization, Intergovernmental Transfer, and Overborrowing," 2018 Meeting Papers 975, Society for Economic Dynamics.
• German Cubas & Chinhui Juhn & Pedro Silos, 2018. "Coordinated Work Schedules and the Gender Wage Gap," 2018 Meeting Papers 249, Society for Economic Dynamics.
• Diyue Guo, 2018. "Multiproduct Firms and the Business Cycle," 2018 Meeting Papers 1205, Society for Economic Dynamics.
• Jing Cynthia Wu & Ji Zhang, 2018. "Global Effective Lower Bound and Unconventional Monetary Policy," NBER Working Papers 24714, National Bureau of Economic Research, Inc.
• Olena Rarytska & Viktor Tsyrennikov, 2018. "Capital Flows, Beliefs, and Capital Controls," 2018 Meeting Papers 371, Society for Economic Dynamics.
• Felix Kubler & Simon Scheidegger, 2018. "Self-justi ed equilibria: Existence and computation," 2018 Meeting Papers 694, Society for Economic Dynamics.
• Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe, 2018. "Monetary Policy and Macroeconomic Stability Revisited," 2018 Meeting Papers 219, Society for Economic Dynamics.
• Si Guo & Yun Pei & Zoe Xie, 2018. "Decentralization and Overborrowing in a Fiscal Federation," FRB Atlanta Working Paper 2018-9, Federal Reserve Bank of Atlanta.
• Kyle Herkenhoff & Gordon Phillips & Jeremy Lise & guido menzio, 2018. "Worker Mobility and the Diffusion of Knowledge," 2018 Meeting Papers 457, Society for Economic Dynamics.
• John Stachurski & Alexis Akira Toda, 2018. "An Impossibility Theorem for Wealth in Heterogeneous-agent Models with Limited Heterogeneity," Papers 1807.08404, arXiv.org, revised Jan 2019.
• Weilong Zhang, 2018. "Distributional Effects of Local Minimum Wage Hikes: A Spatial Job Search Approach," 2018 Meeting Papers 12, Society for Economic Dynamics.
• Juan Hernandez, 2018. "How International Reserves Reduce the Probability of Debt Crises," 2018 Meeting Papers 1203, Society for Economic Dynamics.
• Jose Asturias & Kim Ruhl & Sewon Hur & Timothy Kehoe, 2018. "Firm Entry and Exit and Aggregate Growth," 2018 Meeting Papers 1139, Society for Economic Dynamics.
• Moore, Rachel & Pecoraro, Brandon, 2018. "Macroeconomic Implications of Modeling the Internal Revenue Code in a Heterogeneous-Agent Framework," MPRA Paper 87240, University Library of Munich, Germany.
• Jianxing Wei & Tong Xu, 2018. "A Model of Bank Credit Cycles," 2018 Meeting Papers 610, Society for Economic Dynamics.
• Markus Pasche, 2018. "Money as an Inflationary Phenomenon," Jena Economics Research Papers 2018-11, Friedrich-Schiller-University Jena.
• Joonkyu Choi, 2018. "Entrepreneurial Risk-Taking, Young Firm Dynamics, and Aggregate Implications," 2018 Meeting Papers 1018, Society for Economic Dynamics.
• Moritz Lenel & Martin Schneider & Monika Piazzesi, 2018. "Financial stability, monetary policy and the payment intermediary share," 2018 Meeting Papers 1257, Society for Economic Dynamics.
• Ulrike Malmendier & Demian Pouzo & Victoria Vanasco, 2018. "Investor Experiences and Financial Market Dynamics," NBER Working Papers 24697, National Bureau of Economic Research, Inc.
• Patrick Kehoe & Elena Pastorino & Pierlauro Lopez & Virgiliu Midrigan, 2018. "Asset Prices and Unemployment Fluctuations," 2018 Meeting Papers 1119, Society for Economic Dynamics.
• Dejanir Silva & Robert Townsend, 2018. "Risk-taking over the Life Cycle: Aggregate and Distributive Implications of Entrepreneurial Risk," 2018 Meeting Papers 1318, Society for Economic Dynamics.
• In Hwan Jo & Tatsuro Senga, 2018. "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation," 2018 Meeting Papers 955, Society for Economic Dynamics.
• Ana Figueiredo, 2018. "Information Frictions in Education and Inequality," 2018 Meeting Papers 804, Society for Economic Dynamics.
• Pablo Fajgelbaum & Cecile Gaubert, 2018. "Optimal Spatial Policies, Geography and Sorting," 2018 Meeting Papers 1319, Society for Economic Dynamics.
• Andrei Levchenko & Nitya Pandalai Nayar, 2018. "Technology and Non-Technology Shocks: Measurement and Implications for International Comovement," 2018 Meeting Papers 449, Society for Economic Dynamics.
• Victor Leão Borges de Almeida & Carlos Esquivel & Juan Pablo Nicolini & Timothy Kehoe, 2018. "Did the 1980s in Latin America Need to Be a Lost Decade?," 2018 Meeting Papers 829, Society for Economic Dynamics.
• Axelle Ferrière & Gaston Navarro, 2018. "The Heterogeneous Effects of Government Spending : It’s All About Taxes," International Finance Discussion Papers 1237, Board of Governors of the Federal Reserve System (U.S.).
• Valentin Haddad & Erik Loualiche & Paul Ho, 2018. "Efficient Bubbles?," 2018 Meeting Papers 1087, Society for Economic Dynamics.
• Felipe Meza & Carlos Urrutia & Sangeeta Pratap, 2018. "Credit Conditions, Dynamic Distortions, and Capital Accumulation in Mexican Manufacturing," 2018 Meeting Papers 875, Society for Economic Dynamics.
• Isaac Baley & Ana Figueiredo & Robert Ulbricht, 2018. "Mismatch Cycles," 2018 Meeting Papers 1098, Society for Economic Dynamics.
• Adam Blandin & Christopher Herrington, 2018. "Family Structure, Human Capital Investment, and Aggregate College Attainment," 2018 Meeting Papers 446, Society for Economic Dynamics.
• Cormac O'Dea, 2018. "Insurance, Efficiency and the Design of Public Pensions," 2018 Meeting Papers 1037, Society for Economic Dynamics.
• Joan Monras, 2018. "Immigrants' Residential Choices and their Consequences," 2018 Meeting Papers 127, Society for Economic Dynamics.
• Christopher Erceg & Andrea Prestipino & Andrea Raffo, 2018. "The Macroeconomic Effect of Trade Policy," 2018 Meeting Papers 221, Society for Economic Dynamics.