Details about Marcus Hagedorn

Access statistics for papers by Marcus Hagedorn.

Last updated 2024-05-06. Update your information in the RePEc Author Service.

Short-id: pha949

Working Papers

2024

1. Inflation is always and everywhere Not Conflict
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
2. The Failed Theory of the Price Level
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2023

3. A Nominal Demand-Augmented Phillips Curve: Theory and Evidence
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
4. Local Determinacy in Incomplete-Markets Models
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2021

5. An Equilibrium Theory of Nominal Exchange Rates
   CESifo Working Paper Series, CESifo
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)

2020

6. Corona Policy According to HANK
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)

2019

7. The Fiscal Multiplier
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (65)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (64)
   2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (17)

2018

8. Forward Guidance
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Papers, eSocialSciences (2018)
   NBER Working Papers, National Bureau of Economic Research, Inc (2018)
   2018 Meeting Papers, Society for Economic Dynamics (2018)
   See also Journal Article Forward guidance, Journal of Monetary Economics, Elsevier (2019) View citations (1) (2019)
9. Prices and Inflation when Government Bonds are Net Wealth
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
10. The Optimum Quantity of Capital and Debt
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (22)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (12)

2017

11. An Equilibrium Theory of Determinate Nominal Exchange Rates, Current Accounts and Asset Flows
    2017 Meeting Papers, Society for Economic Dynamics
12. Monetary Policy in Incomplete Market Models: Theory and Evidence
    2017 Meeting Papers, Society for Economic Dynamics View citations (5)
13. Search Frictions and Wage Dispersion
    2017 Meeting Papers, Society for Economic Dynamics View citations (4)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (7)

2016

14. A Demand Theory of the Price Level
    2016 Meeting Papers, Society for Economic Dynamics View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (15)
15. Interpreting Recent Quasi-Experimental Evidence on the Effects of Unemployment Benefit Extensions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (15)
16. The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (87)
    2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (87)

2014

17. Identifying Equilibrium Models of Labor Market Sorting
    2014 Meeting Papers, Society for Economic Dynamics View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (34)
    See also Journal Article Identifying Equilibrium Models of Labor Market Sorting, Econometrica, Econometric Society (2017) View citations (53) (2017)

2013

18. Unemployment Benefits and Unemployment in the Great Recession: The Role of Equilibrium Effects
    Staff Reports, Federal Reserve Bank of New York View citations (81)
19. Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (168)
    Also in 2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (151)

2011

20. Identifying Technology Shocks in Models with Heterogeneous Inputs
    2011 Meeting Papers, Society for Economic Dynamics View citations (1)

2010

21. The Dynamic Effects of Aggregate Demand and Supply Disturbances in Models with Heterogeneous Inputs
    2010 Meeting Papers, Society for Economic Dynamics View citations (1)

2009

22. Wages over the Business Cycle: Spot Markets?
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)

2008

23. Nominal and real interest rates during an optimal disinflation in New Keynesian models
    Working Paper Series, European Central Bank View citations (1)
    Also in IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich (2007)
24. Re-interpreting the Evidence on the Effect of Implicit Contracts on the Movement of Wages over the Business Cycle
    2008 Meeting Papers, Society for Economic Dynamics
25. The cyclical behavior of equilibrium unemployment and vacancies revisited
    Working Paper Series, European Central Bank View citations (944)
    Also in IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich (2007) View citations (27)
    2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (127)
    See also Journal Article The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited, American Economic Review, American Economic Association (2008) View citations (929) (2008)

2007

26. A Monetary Model with Strong Liquidity Effects
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich
27. An Adverse Selection Model of Optimal Unemployment Insurance
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (4)
    Also in ZEI Working Papers, University of Bonn, ZEI - Center for European Integration Studies (2002) View citations (3)
    2004 Meeting Papers, Society for Economic Dynamics (2004)
    Computing in Economics and Finance 2004, Society for Computational Economics (2004)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2002) View citations (3)
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (18)
    See also Journal Article An adverse selection model of optimal unemployment insurance, Journal of Economic Dynamics and Control, Elsevier (2010) View citations (8) (2010)
28. Optimal Ramsey Tax Cycles
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (1)

2006

29. Liquidity, Inflation, and Monetary Policy
    2006 Meeting Papers, Society for Economic Dynamics View citations (2)

2004

30. On the Feasibility of Debt Ponzi Schemes - A Bond Portfolio Approach
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (8)

2003

31. Contracting with Private Information
    IZA Discussion Papers, Institute of Labor Economics (IZA)

2002

32. Fostering Within-Family Human Capital Investment: An Intragenerational Insurance Perspective of Social Security
    IZA Discussion Papers, Institute of Labor Economics (IZA)
    Also in IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (6)
    See also Journal Article Fostering Within-Family Human-Capital Investment: An Intragenerational Insurance Perspective of Social Security, FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen (2006) View citations (1) (2006)
33. Langzeitarbeitslosigkeit in Deutschland: Fakten, Ursachen und Bekämpfung
    IZA Discussion Papers, Institute of Labor Economics (IZA)

2001

34. Government Debt as Insurance against Macroeconomic Risk
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (6)
35. Welfare Analysis in a Schumpeterian Growth Model with Capital
    IZA Discussion Papers, Institute of Labor Economics (IZA)
    See also Journal Article Welfare Analysis in a Schumpeterian Growth Model with Capital, Economics Bulletin, AccessEcon (2007) (2007)

2000

36. Dynamic Efficiency and Pareto Optimality in a Stochastic OLG Model with Production and Social Security
    Bonn Econ Discussion Papers, University of Bonn, Bonn Graduate School of Economics (BGSE) View citations (4)
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2000) View citations (4)

Journal Articles

2019

1. Forward guidance
   Journal of Monetary Economics, 2019, 102, (C), 1-23 View citations (1)
   See also Working Paper Forward Guidance, CEPR Discussion Papers (2018) (2018)

2017

2. Identifying Equilibrium Models of Labor Market Sorting
   Econometrica, 2017, 85, 29-65 View citations (53)
   See also Working Paper Identifying Equilibrium Models of Labor Market Sorting, 2014 Meeting Papers (2014) View citations (23) (2014)

2016

3. Taxation and Unemployment in Models with Heterogeneous Workers
   Review of Economic Dynamics, 2016, 19, 161-189 View citations (14)
   See also Software Item Code and data files for "Taxation and Unemployment in Models with Heterogeneous Workers", Computer Codes (2015) (2015)

2014

4. The Research Agenda: Marcus Hagedorn and Iourii Manovskii on Theory Ahead of Identification
   EconomicDynamics Newsletter, 2014, 15, (1)

2013

5. Job Selection and Wages over the Business Cycle
   American Economic Review, 2013, 103, (2), 771-803 View citations (94)

2012

6. Comment
   NBER International Seminar on Macroeconomics, 2012, 8, (1), 236 - 240

2011

7. Optimal disinflation in new Keynesian models
   Journal of Monetary Economics, 2011, 58, (3), 248-261 View citations (4)
8. PRODUCTIVITY AND THE LABOR MARKET: COMOVEMENT OVER THE BUSINESS CYCLE
   International Economic Review, 2011, 52, (3), 603-619 View citations (42)

2010

9. An adverse selection model of optimal unemployment insurance
   Journal of Economic Dynamics and Control, 2010, 34, (3), 490-502 View citations (8)
   See also Working Paper An Adverse Selection Model of Optimal Unemployment Insurance, IEW - Working Papers (2007) View citations (4) (2007)
10. Ramsey Tax Cycles
    The Review of Economic Studies, 2010, 77, (3), 1042-1071 View citations (6)

2009

11. The value of information for auctioneers
    Journal of Economic Theory, 2009, 144, (5), 2197-2208 View citations (7)

2008

12. The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited
    American Economic Review, 2008, 98, (4), 1692-1706 View citations (929)
    See also Working Paper The cyclical behavior of equilibrium unemployment and vacancies revisited, Working Paper Series (2008) View citations (944) (2008)

2007

13. On the interaction between risk sharing and capital accumulation in a stochastic OLG model with production
    Journal of Economic Theory, 2007, 137, (1), 568-579 View citations (11)
14. Welfare Analysis in a Schumpeterian Growth Model with Capital
    Economics Bulletin, 2007, 15, (7), 1-6
    See also Working Paper Welfare Analysis in a Schumpeterian Growth Model with Capital, IZA Discussion Papers (2001) (2001)

2006

15. A trivariate chi-squared distribution derived from the complex Wishart distribution
    Journal of Multivariate Analysis, 2006, 97, (3), 655-674 View citations (3)
16. Fostering Within-Family Human-Capital Investment: An Intragenerational Insurance Perspective of Social Security
    FinanzArchiv: Public Finance Analysis, 2006, 62, (4), 503-529 View citations (1)
    See also Working Paper Fostering Within-Family Human Capital Investment: An Intragenerational Insurance Perspective of Social Security, IZA Discussion Papers (2002) (2002)

2004

17. Assessing Aggregate Tests of Efficiency for Dynamic Economies
    The B.E. Journal of Macroeconomics, 2004, 4, (1), 17 View citations (27)

Chapters

2011

1. Comment on "The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the U.S. and Europe"
   A chapter in NBER International Seminar on Macroeconomics 2011, 2011, pp 236-240

Software Items

2015

1. Code and data files for "Taxation and Unemployment in Models with Heterogeneous Workers"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Taxation and Unemployment in Models with Heterogeneous Workers, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) View citations (14) (2016)