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, Peruvian Economic Association, number 125, Jul.
• Jonathan Heathcote & Gianluca Violante & Kjetil Storesletten, 2018, "Optimal Progressivity with Age-Dependent Taxation," 2018 Meeting Papers, Society for Economic Dynamics, number 501.
• Christopher House & Christian Proebsting & Linda Tesar, 2018, "The Benefits of Labor Mobility in a Currency Union," 2018 Meeting Papers, Society for Economic Dynamics, number 876.
• Kathleen McKiernan, 2018, "Welfare Impact of Social Security Reform: The Case of Chile in 1981," 2018 Meeting Papers, Society for Economic Dynamics, number 253.
• Ricardo Reyes-Heroles, 2018, "Globalization and Structural Change in the United States: A Quantitative Assessment," 2018 Meeting Papers, Society for Economic Dynamics, number 1027.
• Axelle Ferriere & Gaston Navarro & Ricardo Reyes-Heroles, 2018, "Escaping the Losses from Trade: The Impact of Heterogeneity on Skill Acquisition," 2018 Meeting Papers, Society for Economic Dynamics, number 1248.
• Leena Rudanko, 2018, "Firm Wages in a Frictional Labor Market," 2018 Meeting Papers, Society for Economic Dynamics, number 1154.
• Hao Jin & Chen Xiong, 2018, "Financial Openness, Bank Capital Flows, and the Effectiveness of Macroprudential Policies," CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington, number 2018-007, Aug.
• Abdoulaye Ndiaye, 2018, "Flexible Retirement and Optimal Taxation," 2018 Meeting Papers, Society for Economic Dynamics, number 535.
• Axel Gottfries, 2018, "Partial commitment in models of on-the-job search with an application to minimum wage spillovers," 2018 Meeting Papers, Society for Economic Dynamics, number 567.
• Alexander Richter & Nathaniel Throckmorton, 2018, "A New Way to Quantify the Effect of Uncertainty," 2018 Meeting Papers, Society for Economic Dynamics, number 565.
• Sushant Acharya & Keshav Dogra, 2018, "Understanding HANK: Insights from a PRANK," 2018 Meeting Papers, Society for Economic Dynamics, number 539.
• 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, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 17-002, Feb, revised 03 Feb 2017.
• Mikhail Golosov & Thomas Winberry, 2018, "Macroeconomic Implications of Asset Prices," 2018 Meeting Papers, Society for Economic Dynamics, number 214.
• Jesper Bagger & Mads Hejlesen & Kazuhiko Sumiya & Rune Vejlin, 2018, "Income Taxation and the Equilibrium Allocation of Labor," Economics Working Papers, Department of Economics and Business Economics, Aarhus University, number 2018-06, Aug.
• Galina Vereshchagina, 2018, "Financial constraints and economic development: the role of innovative investment," 2018 Meeting Papers, Society for Economic Dynamics, number 1107.
• Russell Cooper & Immo Schott, 2018, "Captial Reallocation and Productivity," 2018 Meeting Papers, Society for Economic Dynamics, number 121.
• Ales Marsal, 2018, "Government Spending and the Term Structure of Interest Rates in a DSGE Model," 2018 Meeting Papers, Society for Economic Dynamics, number 107.
• 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, Bank of Canada, number 18-40, DOI: 10.34989/swp-2018-40.
• Andrea Bonfatti & Sagiri Kitao & Selahattin Imrohoroglu, 2018, "Aging, Factor Prices, and Capital Movements," 2018 Meeting Papers, Society for Economic Dynamics, number 245.
• Nguyen, Quoc Hung, 2018, "Financial Deepening in a Two-Sector Endogenous Growth Model with Productivity Heterogeneity," MPRA Paper, University Library of Munich, Germany, number 88328, Apr.
• Job Boerma & Loukas Karabarbounis, 2018, "Inferring Inequality with Home Production," 2018 Meeting Papers, Society for Economic Dynamics, number 157.
• Yunmin Chen & Cheng Chen Yang & YiLi Chien, 2018, "Implementing the Modified Golden Rule? Optimal Ramsey Capital Taxation with Incomplete Markets Revisited," 2018 Meeting Papers, Society for Economic Dynamics, number 59.
• Randall Wright & Xiaolin Xiao & Yu Zhu, 2018, "Frictional Capital Reallocation II: Ex Post Heterogeneity," 2018 Meeting Papers, Society for Economic Dynamics, number 544.
• Nida Cakir Melek, 2018, "The US Shale Oil Boom, the Oil Export Ban and the Economy: A General Equilibrium Analysis," 2018 Meeting Papers, Society for Economic Dynamics, number 26.
• Alan Finkelstein Shapiro & Maria Olivero, 2018, "Lending Relationships and Labor Market Dynamics," 2018 Meeting Papers, Society for Economic Dynamics, number 1113.
• Gene Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2018, "The Productivity Slowdown and the Declining Labor Share," 2018 Meeting Papers, Society for Economic Dynamics, number 169.
• Feng Dong & Pengfei Wang & Yi Wen, 2018, "A Search-Based Neoclassical Model of Capital Reallocation," Working Papers, Federal Reserve Bank of St. Louis, number 2018-17, Aug, DOI: 10.20955/wp.2018.017.
• Timo Boppart & Hannes Malmberg & Per Krusell, 2018, "Capital deepening and agricultural labor productivity," 2018 Meeting Papers, Society for Economic Dynamics, number 294.
• Toan Phan & Andrew Hanson & Siddhartha Biswas, 2018, "Bubbly Recessions," 2018 Meeting Papers, Society for Economic Dynamics, number 440.
• Marcus Hagedorn & Iourii Manovskii & Jinfeng Luo & Kurt Mitman, 2018, "Forward Guidance," 2018 Meeting Papers, Society for Economic Dynamics, number 929.
• xavier Ragot & Francois Le Grand, 2018, "Sovereign Default and Liquidity: The Case for a World Safe," 2018 Meeting Papers, Society for Economic Dynamics, number 889.
• Silvio Rendon & J. Ignacio García-Pérez, 2018, "Family Job Search and Wealth: The Added Worker Effect Revisited," 2018 Meeting Papers, Society for Economic Dynamics, number 503.
• Ryan Chahrour & Rosen Valchev, 2018, "International Medium of Exchange: Privilege and Duty," 2018 Meeting Papers, Society for Economic Dynamics, number 317.
• Camilo Morales-Jimenez, 2018, "Dynamic and Stochastic Search Equilibrium," 2018 Meeting Papers, Society for Economic Dynamics, number 1240.
• Luca Flabbi, 2018, "Labor Market Search, Informality and Schooling Investments," 2018 Meeting Papers, Society for Economic Dynamics, number 130.
• Sushant Acharya & Shu Lin Wee, 2018, "Replacement Hiring," 2018 Meeting Papers, Society for Economic Dynamics, number 758.
• Berthold Herrendorf & Akos Valentinyi & Richard Rogerson, 2018, "Structural Change in Investment and Consumption: A Unified Approach," 2018 Meeting Papers, Society for Economic Dynamics, number 88.
• Alan Finkelstein Shapiro & Brendan Epstein, 2018, "Banking and Financial Access Reforms, Labor Markets, and Financial Shocks," 2018 Meeting Papers, Society for Economic Dynamics, number 2.
• Francesco Zanetti & Konstantinos Theodoridis, 2018, "State Dependence in Labor Market Fluctuations: Evidence, Theory, and Policy Implications," Economics Series Working Papers, University of Oxford, Department of Economics, number 856, Aug.
• Gauti Eggertsson & Jacob Robbins, 2018, "Kaldor and Piketty's Facts: the Rise of Monopoly Power in the United States," 2018 Meeting Papers, Society for Economic Dynamics, number 77.
• Miles S. Kimball & Matthew D. Shapiro & Tyler Shumway & Jing Zhang, 2018, "Portfolio Rebalancing in General Equilibrium," NBER Working Papers, National Bureau of Economic Research, Inc, number 24722, Jun.
• Tingting Zhu, 2018, "Private credit creation in the modern financial market," 2018 Meeting Papers, Society for Economic Dynamics, number 8.
• Leland Crane & Henry Hyatt & Seth Murray, 2018, "Cyclical Labor Market Sorting," 2018 Meeting Papers, Society for Economic Dynamics, number 939.
• Manuel Macera & Hitoshi Tsujiyama, 2018, "Frictional Labor Markets, Education Choices and Wage Inequality," 2018 Meeting Papers, Society for Economic Dynamics, number 827.
• Sewon Hur & Christopher Telmer & Siqiang Yang, 2018, "Household Portfolio Accounting," 2018 Meeting Papers, Society for Economic Dynamics, number 1298.
• Hanming Fang & Zenan Wu, 2017, "Life Insurance and Life Settlement Markets with Overconfident Policyholders," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 17-005, Mar, revised 20 Mar 2017.
• Nicolas Caramp & Juan Passadore, 2018, "Risk Sharing Under Limited Commitment and Private Information," 2018 Meeting Papers, Society for Economic Dynamics, number 207.
• Piergallini, Alessandro, 2018, "Nonlinear Policy Behavior, Multiple Equilibria and Debt-Deflation Attractors," MPRA Paper, University Library of Munich, Germany, number 88336, Feb.
• Enrique G. Mendoza & Javier Bianchi & Chenxin Liu, 2016, "Fundamentals News, Global Liquidity and Macroprudential Policy," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 15-043, Dec, revised 05 Dec 2016.
• Mark A. Aguiar & Manuel Amador, 2018, "Self-Fulfilling Debt Dilution: Maturity and Multiplicity in Debt Models," NBER Working Papers, National Bureau of Economic Research, Inc, number 24683, Jun.
• Fabian Eckert & Michael Peters, 2018, "Spatial Structural Change," 2018 Meeting Papers, Society for Economic Dynamics, number 98.
• Nicolas Petrosky-Nadeau & Etienne Wasmer & Philippe Weil, 2018, "The Efficiency of Surplus Sharing in Sequential Labor and Goods Markets," 2018 Meeting Papers, Society for Economic Dynamics, number 622.
• Thomas Davoine, 2018, "Population Aging and Cross-Country Redistribution in Integrated Capital Markets," EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 9.
• Marcelo Arbex & David Wiczer & Dennis O'Dea, 2018, "Network Search: Climbing the Job Ladder Faster," 2018 Meeting Papers, Society for Economic Dynamics, number 1195.
• Faisal Sohail, 2018, "Employer Size and Spinout Dynamics," 2018 Meeting Papers, Society for Economic Dynamics, number 274.
• Eunhee Lee & Kei-Mu Yi, 2018, "Global Value Chains and Inequality with Endogenous Labor Supply," NBER Working Papers, National Bureau of Economic Research, Inc, number 24884, Aug.
• Ray Fair, 2018, "Information Content of DSGE Forecasts," Papers, arXiv.org, number 1808.02910, Aug.
• Christian Bredemeier & Andreas Schabert & Christoph Kaufmann, 2018, "Interest Rate Spreads and Forward Guidance," 2018 Meeting Papers, Society for Economic Dynamics, number 491.
• Ye Li, 2018, "Fragile New Economy: The Rise of Intangible Capital and Financial Instability," 2018 Meeting Papers, Society for Economic Dynamics, number 1189.
• Jan Eeckhout & Xi Weng, 2018, "The Technological Origins of the Decline in Labor Market Dynamism," 2018 Meeting Papers, Society for Economic Dynamics, number 1007.
• 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, Society for Economic Dynamics, number 183.
• David Fuller & Damba Lkhagvasuren & Stephane Auray, 2018, "Unemployment Insurance Take-up Rates in an Equilibrium Search Model," 2018 Meeting Papers, Society for Economic Dynamics, number 496.
• Naoki Aizawa & Serena Rhee & Soojin Kim, 2018, "Labor Market Screening and Social Insurance Program Design for the Disabled," 2018 Meeting Papers, Society for Economic Dynamics, number 359.
• Feng Dong & Zhiwei XU, 2018, "Cycles of Credit Expansion and Misallocation: The Good, The Bad and The Ugly," 2018 Meeting Papers, Society for Economic Dynamics, number 444.
• Ivan Rudik & Derek Lemoine & Maxwell Rosenthal, 2018, "General Bayesian Learning in Dynamic Stochastic Models: Estimating the Value of Science Policy," 2018 Meeting Papers, Society for Economic Dynamics, number 369.
• Domenico Ferraro & Giuseppe Fiori, 2018, "The Scarring Effect of Asymmetric Business Cycles," 2018 Meeting Papers, Society for Economic Dynamics, number 283.
• Erin Wolcott, 2018, "Employment Inequality: Why Do the Low-Skilled Work Less Now?," 2018 Meeting Papers, Society for Economic Dynamics, number 487.
• Simeon Alder, 2018, "The Macroeconomics of Sorting and Turnover in a Dynamic Assignment Model\," 2018 Meeting Papers, Society for Economic Dynamics, number 1250.
• Anmol Bhandari & David Evans & Mikhail Golosov & Thomas J. Sargent, 2018, "Inequality, Business Cycles, and Monetary-Fiscal Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 24710, Jun.
• Colin C. Caines & Fabian Winkler, 2018, "Asset Price Learning and Optimal Monetary Policy," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1236, Aug, DOI: 10.17016/IFDP.2018.1236.
• Jason Donaldson & Giorgia Piacentino & Jeongmin Lee, 2018, "The Opportunity Cost of Collateral," 2018 Meeting Papers, Society for Economic Dynamics, number 1180.
• Canhui Hong, 2018, "Flight-to-quality debt crises," 2018 Meeting Papers, Society for Economic Dynamics, number 166.
• Si Guo & Yun Pei & Zoe Xie, 2018, "Fiscal Decentralization, Intergovernmental Transfer, and Overborrowing," 2018 Meeting Papers, Society for Economic Dynamics, number 975.
• German Cubas & Chinhui Juhn & Pedro Silos, 2018, "Coordinated Work Schedules and the Gender Wage Gap," 2018 Meeting Papers, Society for Economic Dynamics, number 249.
• Diyue Guo, 2018, "Multiproduct Firms and the Business Cycle," 2018 Meeting Papers, Society for Economic Dynamics, number 1205.
• Jing Cynthia Wu & Ji Zhang, 2018, "Global Effective Lower Bound and Unconventional Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 24714, Jun.
• Olena Rarytska & Viktor Tsyrennikov, 2018, "Capital Flows, Beliefs, and Capital Controls," 2018 Meeting Papers, Society for Economic Dynamics, number 371.
• Felix Kubler & Simon Scheidegger, 2018, "Self-justi ed equilibria: Existence and computation," 2018 Meeting Papers, Society for Economic Dynamics, number 694.
• Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe, 2018, "Monetary Policy and Macroeconomic Stability Revisited," 2018 Meeting Papers, Society for Economic Dynamics, number 219.
• Si Guo & Yun Pei & Zoe Xie, 2018, "Decentralization and Overborrowing in a Fiscal Federation," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2018-9, Aug, DOI: 10.29338/wp2018-09.
• Kyle Herkenhoff & Gordon Phillips & Jeremy Lise & guido menzio, 2018, "Worker Mobility and the Diffusion of Knowledge," 2018 Meeting Papers, Society for Economic Dynamics, number 457.
• John Stachurski & Alexis Akira Toda, 2018, "An Impossibility Theorem for Wealth in Heterogeneous-agent Models with Limited Heterogeneity," Papers, arXiv.org, number 1807.08404, Jul, revised Jan 2019.
• Weilong Zhang, 2018, "Distributional Effects of Local Minimum Wage Hikes: A Spatial Job Search Approach," 2018 Meeting Papers, Society for Economic Dynamics, number 12.
• Juan Hernandez, 2018, "How International Reserves Reduce the Probability of Debt Crises," 2018 Meeting Papers, Society for Economic Dynamics, number 1203.
• Jose Asturias & Kim Ruhl & Sewon Hur & Timothy Kehoe, 2018, "Firm Entry and Exit and Aggregate Growth," 2018 Meeting Papers, Society for Economic Dynamics, number 1139.
• Moore, Rachel & Pecoraro, Brandon, 2018, "Macroeconomic Implications of Modeling the Internal Revenue Code in a Heterogeneous-Agent Framework," MPRA Paper, University Library of Munich, Germany, number 87240, Jun.
• Jianxing Wei & Tong Xu, 2018, "A Model of Bank Credit Cycles," 2018 Meeting Papers, Society for Economic Dynamics, number 610.
• Markus Pasche, 2018, "Money as an Inflationary Phenomenon," Jena Economics Research Papers, Friedrich-Schiller-University Jena, number 2018-11, Aug.
• Joonkyu Choi, 2018, "Entrepreneurial Risk-Taking, Young Firm Dynamics, and Aggregate Implications," 2018 Meeting Papers, Society for Economic Dynamics, number 1018.
• Moritz Lenel & Martin Schneider & Monika Piazzesi, 2018, "Financial stability, monetary policy and the payment intermediary share," 2018 Meeting Papers, Society for Economic Dynamics, number 1257.
• Ulrike Malmendier & Demian Pouzo & Victoria Vanasco, 2018, "Investor Experiences and Financial Market Dynamics," NBER Working Papers, National Bureau of Economic Research, Inc, number 24697, Jun.
• Patrick Kehoe & Elena Pastorino & Pierlauro Lopez & Virgiliu Midrigan, 2018, "Asset Prices and Unemployment Fluctuations," 2018 Meeting Papers, Society for Economic Dynamics, number 1119.
• Dejanir Silva & Robert Townsend, 2018, "Risk-taking over the Life Cycle: Aggregate and Distributive Implications of Entrepreneurial Risk," 2018 Meeting Papers, Society for Economic Dynamics, number 1318.
• In Hwan Jo & Tatsuro Senga, 2018, "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation," 2018 Meeting Papers, Society for Economic Dynamics, number 955.
• Ana Figueiredo, 2018, "Information Frictions in Education and Inequality," 2018 Meeting Papers, Society for Economic Dynamics, number 804.
• Pablo Fajgelbaum & Cecile Gaubert, 2018, "Optimal Spatial Policies, Geography and Sorting," 2018 Meeting Papers, Society for Economic Dynamics, number 1319.
• Andrei Levchenko & Nitya Pandalai Nayar, 2018, "Technology and Non-Technology Shocks: Measurement and Implications for International Comovement," 2018 Meeting Papers, Society for Economic Dynamics, number 449.
• 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, Society for Economic Dynamics, number 829.
• Axelle Ferrière & Gaston Navarro, 2018, "The Heterogeneous Effects of Government Spending : It’s All About Taxes," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1237, Aug, DOI: 10.17016/IFDP.2018.1237.
• Valentin Haddad & Erik Loualiche & Paul Ho, 2018, "Efficient Bubbles?," 2018 Meeting Papers, Society for Economic Dynamics, number 1087.
• Felipe Meza & Carlos Urrutia & Sangeeta Pratap, 2018, "Credit Conditions, Dynamic Distortions, and Capital Accumulation in Mexican Manufacturing," 2018 Meeting Papers, Society for Economic Dynamics, number 875.
• Isaac Baley & Ana Figueiredo & Robert Ulbricht, 2018, "Mismatch Cycles," 2018 Meeting Papers, Society for Economic Dynamics, number 1098.
• Adam Blandin & Christopher Herrington, 2018, "Family Structure, Human Capital Investment, and Aggregate College Attainment," 2018 Meeting Papers, Society for Economic Dynamics, number 446.
• Cormac O'Dea, 2018, "Insurance, Efficiency and the Design of Public Pensions," 2018 Meeting Papers, Society for Economic Dynamics, number 1037.
• Joan Monras, 2018, "Immigrants' Residential Choices and their Consequences," 2018 Meeting Papers, Society for Economic Dynamics, number 127.
• Christopher Erceg & Andrea Prestipino & Andrea Raffo, 2018, "The Macroeconomic Effect of Trade Policy," 2018 Meeting Papers, Society for Economic Dynamics, number 221.

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.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-DGE

The following items were announced in this report: