Content
April 2021, Volume 40
- 108-127 Labor Supply Shocks and the Beveridge Curve: Empirical Evidence from EU Enlargement
by Stefan Schiman - 128-145 Asset maintenance as hidden investment among the poor and rich: Application to housing
by Manuel Hernandez & Danilo Trupkin - 146-169 Opacity: Insurance and Fragility
by Ryuichiro Izumi - 170-197 Optimal Taxation to Correct Job Mismatching
by Guillaume Wilemme - 198-227 The Aggregate Consequences of Tax Evasion
by Alessandro Di Nola & Georgi Kocharkov & Almuth Scholl & Anna-Mariia Tkhir - 228-251 Social Security Reform in the Presence of Informality
by Kathleen McKiernan - 252-277 On the Distributional Effects of Bank Bailouts
by Josef Schroth - 278-308 The Euro Area Periphery and Imbalances: Is it an Anticipation Story?
by Daniele Siena - 309-346 The Role of Headhunters in Wage Inequality: It's All about Matching
by Alexey Gorn
January 2021, Volume 39
- 1-25 Rare Events and Long-Run Risks
by Robert Barro & Tao Jin - 26-54 Involuntary Unemployment and the Business Cycle
by Lawrence Christiano & Mathias Trabandt & Karl Walentin - 55-78 Inflation-default trade-off without a nominal anchor: The case of Greece
by Yasin Kursat Onder & Enes Sunel - 79-99 Endogenous Hours and the Wealth of Entrepreneurs
by Felix Wellschmied & Emircan Yurdagul - 100-127 De-leveraging or de-risking? How banks cope with loss
by Rhys Bidder & John Krainer & Adam Shapiro - 128-145 Increasing Domestic Financial Participation: Implications for Business Cycles and Labor Markets
by Brendan Epstein & Alan Finkelstein Shapiro - 146-173 Production Network Structure, Service Share, and Aggregate Volatility
by Jorge Miranda Pinto - 174-201 The Politics of Flat Taxes
by Daniel Carroll & Jim Dolmas & Eric Young - 202-219 Trade diversion is reversed in the long run
by Takumi Naito - 220-257 Inter-Dealer Trades in OTC Markets - Who Buys and Who Sells?
by Chung-Yi Tse & Yujing Xu - 258-279 Search Frictions and the Business Cycle in a Small Open Economy DSGE Model
by Juan Guerra-Salas & Markus Kirchner & Rodrigo Tranamil - 280-303 Unobserved Heterogeneity and Skill Loss in a Structural Model of Duration Dependence
by Ioannis Kospentaris - 304-343 Engines of sectoral labor productivity growth
by Zsofia Barany & Christian Siegel - 344-366 Jumping the queue: nepotism and public-sector pay
by Andri Chassamboulli & Pedro Gomes
October 2020, Volume 38
- 1-21 The Cumulative Cost of Regulations
by Bentley Coffey & Patrick McLaughlin & Pietro Peretto - 22-40 Microeconomic Sources of Real Exchange Rate Variation
by Mario Crucini & Christopher Telmer - 41-58 What Do Monetary Contractions Do? Evidence From Large Tightenings
by Tim Willems - 59-93 Size-dependent policies, talent misallocation, and the return to skill
by Jose Joaquin Lopez & Jesica Torres - 94-126 Misallocation Costs of Digging Deeper into the Central Bank Toolkit
by Robert Kurtzman & David Zeke - 127-153 The Welfare and Distributional Effects of Fiscal Volatility: a Quantitative Evaluation
by Ruediger Bachmann & Jinhui Bai & Minjoon Lee & Fudong Zhang - 154-180 Default, Bailouts and the Vertical Structure of Financial Intermediaries
by Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan - 181-197 Prudential Policies and Bailouts: A Delicate Interaction
by Ernesto Pasten - 198-219 Leisure time and the sectoral composition of employment
by Edgar Cruz & Xavier Raurich - 220-237 Ambiguous Business Cycles: A Quantitative Assessment
by Sumru Altug & Cem Cakmakli & Fabrice Collard & Sujoy Mukerji & Han Ozsoylev - 238-250 Financial constraints and collateral crises
by Luis Araujo & Bernardo Guimaraes & Diego Rodrigues - 251-272 Disaster Risks, Disaster Strikes, and Economic Growth: the Role of Preferences
by Thomas Douenne - 273-295 Entrepreneur Income Inequality, Aggregate Saving and the Gains from Trade
by Lixin Tang - 296-325 Shadow Banking and Optimal Capital Requirements
by Jingyi Zhang
July 2020, Volume 37
- 1-32 Public debt expansions and the dynamics of the household borrowing constraint
by Antonio Antunes & Valerio Ercolani - 33-53 Job Duration and Match Characteristics over the Business Cycle
by Ismail Baydur & Toshihiko Mukoyama - 54-80 Consumption, Reservation Wages, and Aggregate Labor Supply
by Choonsung Park - 81-102 FiPIt: A Simple, Fast Global Method for Solving Models with Two Endogenous States & Occasionally Binding Constraints
by Enrique Mendoza & Sergio Villalvazo - 103-126 Modeling Life-Cycle Earnings Risk with Positive and Negative Shocks
by Manuel Sanchez & Felix Wellschmied - 127-155 The Relative Price of Capital and Economic Structure
by Roberto Samaniego & Juliana Sun - 156-172 Capital Taxes and Redistribution: The Role of Management Time and Tax Deductible Investment
by Juan Carlos Conesa & Begona Dominguez - 173-194 Cultural Transmission, Education-Promoting Attitudes, and Economic Development
by Dimitrios Varvarigos - 195-213 Time-Varying Wage Risk, Incomplete Markets, and Business Cycles
by Shuhei Takahashi - 214-233 When Fiscal Consolidation Meets Private Deleveraging
by Javier Andres & Oscar Arce & Dominik Thaler & Carlos Thomas - 234-254 Optimal fiscal policy and sovereign debt crises
by Stefan Niemann & Paul Pichler - 255-274 Monetary Policy and Macroeconomic Stability Revisited
by Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe - 275-298 Competition, Innovation, and the Number of Firms
by Pedro Bento - 299-322 Risk Aversion, Uninsurable Idiosyncratic Risk, and the Financial Accelerator
by Giacomo Candian & Mikhail Dmitriev
August 2020, Volume 37 Supplement 1
- 1-7 The twenty-fifth anniversary of "Frontiers of business cycle research"
by Thomas Cooley & Vincenzo Quadrini - 8-33 Credit Booms, Financial Crises, and Macroprudential Policy
by Mark Gertler & Nobuhiro Kiyotaki & Andrea Prestipino - 34-67 On the Importance of Household versus Firm Credit Frictions in the Great Recession
by Patrick Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino - 68-98 Asset Bubbles and Monetary Policy
by Feng Dong & Jianjun Miao & Pengfei Wang - 99-117 Demand Induced Fluctuations
by Zhen Huo & Jose-Victor Rios-Rull - 118-166 Uncertainty Shocks and Business Cycle Research
by Jesus Fernandez-Villaverde & Pablo Guerron-Quintana - 147-166 Intangible Capital and Measured Productivity
by Ellen McGrattan - 167-180 Alternative Facts Regarding the Labor Share
by Andy Atkeson - 181-204 The Rise of US Earnings Inequality: Does the Cycle Drive the Trend?
by Jonathan Heathcote & Fabrizio Perri & Gianluca Violante - 205-226 Gross Worker Flows and Fluctuations in the Aggregate Labor Market
by Per Krusell & Toshihiko Mukoyama & Richard Rogerson & Aysegul Sahin - 227-253 Frictional Capital Reallocation with Ex Post Heterogeneity
by Randall Wright & Sylvia Xiao & Yu Zhu - 254-283 A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature
by Javier Bianchi & Enrique Mendoza
April 2020, Volume 36
- 1-28 High and Low Activity Spells in Housing Markets
by Eric Smith - 29-45 Asymmetric Unemployment Fluctuations and Monetary Policy Trade-Offs
by Antoine Lepetit - 46-72 News and noise bubbles in the housing market
by Andrea Gazzani - 73-102 Structural Asymmetries and Financial Imbalances in the Eurozone
by Ivan Jaccard & Frank Smets - 103-121 Inside Money, Business Cycle, and Bank Capital Requirements
by Jaevin Park - 122-133 Simultaneous Innovation and the Cyclicality of R&D
by Miroslav Gabrovski - 134-157 Why hasn't Social Security changed since 1977?
by Pavel Brendler - 158-176 The Marriage Gap: Optimal Aging and Death in Partnerships
by Johannes Schuenemann & Holger Strulik & Timo Trimborn - 177-197 The Cash Paradox
by Janet Hua Jiang & Enchuan Shao - 198-219 Bounded Learning by Doing, Inequality, and Multi-Sector Growth: A Middle-Class Perspective
by Alain Desdoigts & Fernando Jaramillo - 220-245 Explaining Intergenerational Mobility: The Role of Fertility and Family Transfers
by Diego Daruich & Julian Kozlowski - 246-269 Propagation of Financial Shocks in an Input-Output Economy with Trade and Financial Linkages of Firms
by Shaowen Luo - 270-292 Intersectoral Linkages, Diverse Information, and Aggregate Dynamics
by Manoj Atolia & Ryan Chahrour - 293-313 Repatriation Taxes
by Chadwick Curtis & Julio Garin & Saif Mehkari
January 2020, Volume 35
- 1-34 Self-Employment in Developing Countries: A Search-Equilibrium Approach
by Renata Narita - 35-53 Can Capital Deepening Explain the Global Decline in Labor's Share?
by Andrew Glover & Jacob Short - 54-73 Foreign Asset Accumulation among Emerging Market Economies: a Case for Coordination
by Hao Jin & Hewei Shen - 74-96 Optimal Fiscal Policy in a Model of Firm Entry with Financial Frictions
by Dudley Cooke & Tatiana Damjanovic - 97-122 Do Consumers Really Follow a Rule of Thumb? Three Thousand Estimates from 144 Studies Say 'Probably Not'
by Tomas Havranek & Anna Sokolova - 123-132 The role of risk aversion in a sovereign default model of polarization and political instability
by Yasin Kursat Onder & Enes Sunel - 133-153 Accounting for Post-Crisis Inflation: A Retro Analysis
by Chiara Fratto & Harald Uhlig - 154-169 Real exchange rates and international co-movement: News-shocks and non-tradable goods with complete markets
by Kyriacos Lambrias - 170-191 Relationships in the Interbank Market
by Jonathan Chiu & Jens Eisenschmidt & Cyril Monnet - 192-219 Intergenerational Debt Dynamics Without Tears
by Torben Andersen & Joydeep Bhattacharya - 220-239 Can Income Differences Explain the Racial Wealth Gap: A Quantitative Analysis
by Hero Ashman & Seth Neumuller - 240-262 Hours and Employment Over the Business Cycle: A Structural Analysis
by Matteo Cacciatore & Giuseppe Fiori & Nora Traum - 263-282 Rational exuberance booms
by Gene Ambrocio - 283-300 Labor Productivity and Firm-Level TFP with Technology-Specific Production Function
by Michele Battisti & Filippo Belloc & Massimo Del Gatto
October 2019, Volume 34
- 1-19 Immigration and the macroeconomy: some new empirical evidence
by Francesco Furlanetto & Orjan Robstad - 20-42 Systemic Banking Panics, Liquidity Risk, and Monetary Policy
by Roberto Robatto - 43-60 Mortgage Debt and Social Externalities
by Cristian Badarinza - 61-86 Credit, Misallocation and Productivity: A Disaggregated Analysis
by Felipe Meza & Sangeeta Pratap & Carlos Urrutia - 87-102 Agriculture to Industry: the End of Intergenerational Coresidence
by Luca Pensieroso & Alessandro Sommacal - 103-120 From Physical to Human Capital Accumulation: Effects of Mortality Changes
by Keiya Minamimura & Daisihin Yasui - 121-140 Fiscal Deficits and Unemployment Dynamics: The Role of Productivity Gains and Wage Rigidities
by Ruy Lama & Juan Pablo Medina - 141-164 Innovation and Inequality in a Monetary Schumpeterian Model with Heterogeneous Households and Firms
by Angus C. Chu & Guido Cozzi & Haichao Fang & Yuichi Furukawa & Chih-Hsing Liao - 165-182 Intra-Household Risk Sharing and Job Search over the Business Cycle
by Haomin Wang - 183-201 Markov-Chain Approximations for Life-Cycle Models
by Giulio Fella & Giovanni Gallipoli & Jutong Pan - 202-220 Investment Specific Technology Shocks and Emerging Market Business Cycle Dynamics
by Aydan Dogan - 221-243 When is Nonfundamentalness in SVARs a Real Problem?
by Paul Beaudry & Patrick Feve & Alain Guay & Franck Portier - 244-266 Who Works for Whom? Worker Sorting in a Model of Entrepreneurship with Heterogeneous Labor Markets
by Emin Dinlersoz & Henry Hyatt & Hubert Janicki - 267-282 Financial Frictions, Entry and Growth: A Study of China
by Qiusha Peng
July 2019, Volume 33
- 1-3 RED Special Issue on Fragmented Financial Markets: An Introduction
by Benjamin Lester & Pierre-Olivier Weill & Ariel Zetlin-Jones - 4-29 Asset Issuance in Over-the-Counter Markets
by Zachary Bethune & Bruno Sultanum & Nicholas Trachter - 30-56 A theory of repurchase agreements, collateral re-use, and repo intermediation
by Piero Gottardi & Vincent Maurin & Cyril Monnet - 57-84 Bid-Ask Spreads and the Over-the-Counter Interdealer Markets: Core and Peripheral Dealers
by Artem Neklyudov - 85-104 Posted Prices, Search and Bargaining
by Derek Stacey - 105-127 Costs and benefits of dynamic trading in a lemons market
by William Fuchs & Andrzej Skrzypacz - 128-153 Latency in Fragmented Markets
by Tomy Lee - 154-176 Efficiency and information transmission in bilateral trading
by Robert Shimer & Ivan Werning - 177-204 A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow
by Gara Afonso & Roc Armenter & Benjamin Lester - 205-227 A Monetary Model of Bilateral Over-the-Counter Markets
by Ricardo Lagos & Shengxing Zhang - 228-249 The Use of Collateral in Bilateral Repurchase and Securities Lending Agreements
by Viktoria Baklanova & Cecilia Caglio & Marco Cipriani & Adam Copeland - 250-271 The Microstructure of the Bond Market in the 20th Century
by Bruno Biais & Richard Green - 272-294 Over-the-Counter Market Liquidity and Securities Lending
by Nathan Foley-Fisher & Stefan Gissler & Stephane Verani
April 2019, Volume 32
- 1-17 Oil prices in a general equilibrium model with precautionary demand for oil
by Conny Olovsson - 18-41 Data-Rich DSGE Model Forecasts of the Great Recession and its Recovery
by Sacha Gelfer - 42-67 Entrepreneurs, managers and inequality
by Sang Yoon (Tim) Lee - 68-93 Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation
by In Hwan Jo & Tatsuro Senga - 94-121 Business Cycle Implications of Capacity Constraints under Demand Shocks
by Chacko George & Florian Kuhn - 122-152 Crime and the minimum wage
by Christine Braun - 153-179 Credit Crunches, Asset Prices and Technological Change
by Luis Araujo & Qingqing Cao & Raoul Minetti & Pierluigi Murro - 180-205 Aggregate productivity and the allocation of resources over the business cycle
by Sophie Osotimehin - 206-226 Cost of Inflation in Inventory Theoretical Models
by Fernando Alvarez & Francesco Lippi & Roberto Robatto - 227-248 Local Effects of a Military Spending Shock: Evidence from Shipbuilding in the 1930s
by Christopher Biolsi - 249-273 The effects of secondary markets for government bonds on inflation dynamics
by Begona Dominguez & Pedro Gomis-Porqueras - 274-304 Labor Market Frictions, Monetary Policy, and Durable Goods
by Federico Di Pace & Matthias Hertweck
January 2019, Volume 31
- 1-23 Wage Dynamics and Peer Referrals
by Vincent Boucher & Marion Gousse - 24-35 Equilibrium indeterminacy with parental altruism
by Pietro Reichlin - 36-62 Low real interest rates and the zero lower bound
by Stephen Williamson - 63-83 The Impact of Foreclosure Delay on U.S. Employment
by Kyle Herkenhoff & Lee Ohanian - 84-122 Skill Flows: A Theory of Human Capital and Unemployment
by Ross Doppelt - 123-146 Learning Financial Shocks and the Great Recession
by Patrick Pintus & Jacek Suda - 147-159 International Liquidity Rents
by Maya Eden - 160-181 Inequality and the Marriage Gap
by Nawid Siassi - 182-199 Gradualism and Liquidity Traps
by Taisuke Nakata & Sebastian Schmidt - 200-223 On the Source of U.S. Trade Deficits: Global Saving Glut or Domestic Saving Drought?
by Joseph Steinberg - 224-244 Factors Affecting College Attainment and Student Ability in the U.S. since 1900
by Kevin Donovan & Christopher Herrington - 245-276 General equilibrium effects of immigration in Germany: Search and matching approach
by Zainab Iftikhar & Anna Zaharieva - 277-304 The joint labor supply decision of married couples and the U.S. Social Security pension system
by Shinichi Nishiyama - 305-325 Heterogeneity, selection and labor market disparities
by Alessandra Bonfiglioli & Gino Gancia - 326-346 Central Bank purchases of private assets: An evaluation
by Kee-Youn Kang - 347-362 Technology Shocks and Hours Revisited: Evidence from Household Data
by Hikaru Saijo - 363-392 Sticky Prices versus Sticky Information: Does it Matter for Policy Paradoxes?
by Gauti Eggertson & Vaishali Garga - 393-410 Velocity in the Long Run: Money and Structural Transformation
by Antonio Mele & Radoslaw Stefanski - 411-435 Labor-market Frictions, Incomplete Insurance and Severance Payments
by Etienne Lale - 436-461 Employment and Hours over the Business Cycle in a Model with Search Frictions
by Noritaka Kudoh & Hiroaki Miyamoto & Masaru Sasaki
October 2018, Volume 30
- 1-29 Competitor, Complementors, Parents and Places: Explaining Regional Agglomeration in the U.S. Auto Industry
by Luis Cabral & Zhu Wang & Daniel Yi Xu - 30-46 The Distributional Effects of a Carbon Tax on Current and Future Generations
by Stephie Fried & Kevin Novan & William Peterman - 47-67 The Gender Unemployment Gap
by Stefania Albanesi & Aysegul Sahin - 68-85 Housing as Collateral, Financial Constraints, and Small Businesses
by Taejun Lim - 86-105 On the distribution of wealth and employment
by Minchul Yum - 106-124 Pricing Assets in a Perpetual Youth Model
by Roger E. A. Farmer - 125-144 Risky Banks and Macro-Prudential Policy for Emerging Economies
by Gabriel Cuadra & Victoria Nuguer - 145-162 The Asymmetric Cyclical Behavior of the U.S. Labor Market
by Domenico Ferraro - 163-178 Uncertainty Shocks and the Relative Price of Investment Goods
by Munechika Katayama & Kwang Hwan Kim - 179-202 The Lost Generation of the Great Recession
by Sewon Hur - 203-222 Exchange rate volatility and trade: The role of credit constraints
by Shu Lin & Kang Shi & Haichun Ye - 223-238 The importance of intangible capital for the transmission of financial shocks
by Jose Ignacio Lopez & Virginia Olivella - 239-264 The cost of a growth miracle - reassessing price and poverty trends in China
by Ingvild Almas & Ashild Johnsen - 265-284 Downward Real Wage Rigidity and Equal Treatment Wage Contracts: Theory and Evidence
by Andrew Snell & Heiko Stuber & Jonathan Thomas
July 2018, Volume 29
- 1-14 Market Work, Housework and Childcare: A Time Use Approach
by Emanuela Cardia & Paul Gomme - 15-43 On the Welfare Implications of Automation
by Maya Eden & Paul Gaggl - 44-67 Aggregate Consequences of Dynamic Credit Relationships
by Stephane Verani - 68-84 Effects of Patents versus R&D subsidies on Income Inequality
by Angus Chu & Guido Cozzi - 85-105 A New Keynesian Q Theory and the Link Between Inflation and the Stock Market
by Pierlauro Lopez - 106-137 A Tale of Transition: An Empirical Analysis of Economic Inequality in Urban China, 1986-2009
by Haiyan Ding & Hui He - 138-147 Precautionary Saving in a Markovian Earnings Environment
by Bar Light - 148-171 Banking Panics and Output Dynamics
by Daniel Sanches - 172-194 The Job Ladder and its Implications for Earnings Risk
by Joachim Hubmer - 195-219 International Portfolio Diversification and the Structure of Global Production
by Joseph Steinberg - 216-234 Intangible Capital, the Labor Wedge and the Volatility of Corporate Profits
by Keqiang Hou & Alok Johri - 235-255 Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis
by R. Anton Braun & Tomoyuki Nakajima - 256-282 Managers and Productivity Differences
by Nezih Guner & Andrii Parkhomenko & Gustavo Ventura
April 2018, Volume 28
- 1-33 Equity Extraction and Mortgage Default
by Steven Laufer - 34-50 The Impact of Growth on Unemployment in a Low vs. High Inflation Environment
by Mewael Tesfaelassie & Maik Wolters - 51-70 Cyclical Asset Returns in the Consumption and Investment Goods Sector
by Burkhard Heer & Alfred Maussner & Bernd Suessmuth - 71-95 Dynamics of Investment, Debt, and Default
by Grey Gordon & Pablo Guerron-Quintana - 96-120 Employment and the Cyclical Cost of Worker Benefits
by Grace Weishi Gu - 121-149 Male Labor Supply and Generational Fiscal Policy
by Christian vom Lehn & Eric Fisher & Aspen Gorry - 150-180 Social Optima in Economies with Heterogeneous Agents
by Galo Nuno & Benjamin Moll - 181-204 Pareto Weights in Practice: A Quantitative Analysis of 32 OECD Countries
by Bo Hyun Chang & Yongsung Chang & Sun-Bin Kim - 205-220 Equilibrium Price Dispersion Across and Within Stores
by Guido Menzio & Nicholas Trachter - 221-251 Financial Development and Long-Run Volatility Trends
by Pengfei Wang & Yi Wen & Zhiwei Xu - 252-268 Reputation and Liquidity Traps
by Taisuke Nakata - 269-289 Female Market Work, Tax Regimes, and the Rise of the Service Sector
by Michelle Rendall - 290-321 Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences
by Eric Swanson
January 2018, Volume 27
- 1-26 Human Capital and Optimal Redistribution
by Winfried Koeniger & Julien Prat - 27-47 Too Poor to Retire? Housing Prices and Retirement
by Bo Zhao - 48-63 Investment Shocks, Sticky Prices, and the Endogenous Relative Price of Investment
by Alban Moura - 64-80 Tough Love for Lazy Kids: Dynamic Insurance and Equal Bequests
by Ctirad Slavik & Kevin Wiseman - 81-100 Policy Uncertainty and Cost of Delaying Reform: The Case of Aging Japan
by Sagiri Kitao - 101-122 Capital Goods Trade, Relative Prices and Economic Development
by Piyusha Mutreja & Michael Sposi & B. Ravikumar - 123-145 Real Exchange Variability in a Two-Country Business Cycle Model
by Hakon Tretvoll - 146-168 Firm Learning and Growth
by Costas Arkolakis & Theodore Papageorgiou & Olga Timoshenko