Results 31 to 40 of about 74,891 (43)
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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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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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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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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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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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A Theory of Supply Function Choice and Aggregate Supply
Social Science Research NetworkModern theories of aggregate supply are built on the foundation that firms set prices and commit to producing whatever the market demands. We remove this strategic restriction and allow firms to choose supply functions, mappings that describe the prices ...
Joel Flynn +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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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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The Consumption Origins of Business Cycles: Lessons from Sectoral Dynamics
American Economic Journal: MacroeconomicsWe measure the impact of household consumption shocks on aggregate fluctuations. These shocks affect household consumption directly, and production and prices indirectly through their impact on aggregate consumption.
Christian Matthes, Felipe Schwartzman
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Financial Frictions, Capital Misallocation, and Input-Output Linkages
American Economic Journal: MacroeconomicsI study how input-output linkages amplify the aggregate impact of sectoral financial distortions in a dynamic general equilibrium model with endogenous capital wedges.
Hsuan-Li Su
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