Results 31 to 40 of about 81,666 (45)
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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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Public Liquidity and Financial Crises
American Economic Journal: MacroeconomicsThis paper studies the equilibrium effect of public liquidity on financial crises. Banks borrow from households via insured deposits and partially runnable debt and suffer endogenous funding withdrawals from households in crises. Holding public liquidity
Wenhao Li
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American Economic Journal: Economic Policy
Using mobility report card data, I show the income gap between alumni of elite and less selective universities widened for cohorts graduating during the Great Recession.
Russell Weinstein
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Using mobility report card data, I show the income gap between alumni of elite and less selective universities widened for cohorts graduating during the Great Recession.
Russell Weinstein
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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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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.
M. Forni +4 more
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Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data
The American Economic Review, 2019Using administrative payroll data from the largest US payroll processing company, we measure the extent of nominal wage rigidity in the United States.
J. Grigsby, Erik Hurst, Ahu Yildirmaz
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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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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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A Unified Model of Learning to Forecast
American Economic Journal: MacroeconomicsWe propose a model of boundedly rational and heterogeneous expectations that unifies adaptive learning, k-level reasoning, and replicator dynamics. Level-0 forecasts evolve over time via adaptive learning. Agents revise over time their depth of reasoning
George W. Evans +2 more
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The Geography of Consumption and Local Economic Shocks: The Case of the Great Recession
American Economic Journal: MacroeconomicsWe estimate across-county spending flows between firms and consumers for every county in the United States, providing a new consumption link that has not been studied previously.
Abe Dunn, M. Gholizadeh
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