Results 21 to 30 of about 74,406 (45)
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Understanding the Scarring Effect of Recessions
The American Economic Review, 2022This paper documents that the earnings cost of job loss is concentrated among workers who find reemployment in lower-skill occupations, and that the cost and incidence of such occupation displacement is higher for workers who lose their job during a ...
C. Huckfeldt
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Labor Market Responses to Unemployment Insurance: The Role of Heterogeneity
American Economic Journal: Macroeconomics, 2023We document considerable scope of heterogeneity within the unemployed, especially when they are divided along eligibility for and receipt of unemployment insurance (UI).
S. Birinci, K. See
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Bubbles, Crashes, and Economic Growth: Theory and Evidence
Social Science Research Network, 2023We analyze the ups and downs in economic growth in recent decades by constructing a model with recurrent bubbles, crashes, and endogenous growth. Once realized, bubbles crowd in investment and stimulate economic growth, but expectation about future ...
Pablo A. Guerrón-Quintana +2 more
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Automation, Bargaining Power, and Labor Market Fluctuations
American Economic Journal: MacroeconomicsWe argue that the threat of automation weakens workers’ bargaining power in wage negotiations, dampening wage adjustments and amplifying unemployment fluctuations.
S. Leduc, Zheng Liu
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Monetary Policy and the Labor Market: A Quasi-Experiment in Sweden
Social Science Research NetworkWe analyze a monetary quasi–experiment in Sweden from 2010–2011, when the Riksbank raised the interest rate substantially. We argue that this increase was beyond what labor market conditions warranted, driven instead by new concerns about financial ...
J. Coglianese +2 more
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Structural Reforms and Economic Performance: The Experience of Advanced Economies
Journal of Economic LiteratureThis article provides a comprehensive assessment of the theoretical and empirical literature on structural reforms in advanced economies. Structural reforms matter because they entail profound and systematic changes that affect economic welfare ...
Nauro F. Campos +2 more
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An American Macroeconomic Picture: Supply and Demand Shocks in the Frequency Domain
American Economic Journal: MacroeconomicsWe provide a few new empirical facts that theoretical models should feature in order to be consistent with the data. (i) There are two classes of shocks: demand and supply.
Mario Forni +4 more
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Production Networks and the Flattening of the Phillips Curve
Social Science Research NetworkThis paper analyzes the role of changes in the structure of production networks on the flattening of the Phillips curve over the last decades. I build a multi-sector model with production networks, and heterogeneity in input-output linkages and in degree
Christian Höynck
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American Economic Journal: Macroeconomics
I explore the business-cycle implications of household inattention to savings product choices. In a model with heterogeneous banks, savers pay more attention to their bank choice when the marginal utility of income is high.
A. Macaulay
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I explore the business-cycle implications of household inattention to savings product choices. In a model with heterogeneous banks, savers pay more attention to their bank choice when the marginal utility of income is high.
A. Macaulay
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Assessing the Stabilizing Effects of Unemployment Benefit Extensions
American Economic Journal: MacroeconomicsWe study the stabilizing role of benefit extensions. We develop a tractable quantitative model with heterogeneous agents, search frictions, and nominal rigidities.
Alexey Gorn, A. Trigari
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