Details about Davide Melcangi

Access statistics for papers by Davide Melcangi.

Last updated 2025-09-08. Update your information in the RePEc Author Service.

Short-id: pme797

Working Papers

2025

1. Consumption Sensitivity of Uncertain Households
   Liberty Street Economics, Federal Reserve Bank of New York
2. Stimulus through Insurance: the Marginal Propensity to Repay Debt
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Staff Reports, Federal Reserve Bank of New York (2023) View citations (8)
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2024) View citations (1)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2023) View citations (8)
   CESifo Working Paper Series, CESifo (2023) View citations (8)
3. Subjective Uncertainty and the Marginal Propensity to Consume
   CESifo Working Paper Series, CESifo
   Also in Staff Reports, Federal Reserve Bank of New York (2025)

2024

4. An Update on the Reservation Wages in the SCE Labor Market Survey
   Liberty Street Economics, Federal Reserve Bank of New York
5. Latent Heterogeneity in the Marginal Propensity to Consume
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (5)
   Staff Reports, Federal Reserve Bank of New York (2019) View citations (7)
   CeMMAP working papers, Institute for Fiscal Studies (2024) View citations (6)
6. Nonlinear Firm Dynamics
   Staff Reports, Federal Reserve Bank of New York View citations (1)
7. Stock Market Participation, Inequality, and Monetary Policy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Staff Reports, Federal Reserve Bank of New York (2020) View citations (7)
   See also Journal Article Stock Market Participation, Inequality, and Monetary Policy, The Review of Economic Studies, Review of Economic Studies Ltd (2025) (2025)
8. Will the Moderation in Wage Growth Continue?
   Liberty Street Economics, Federal Reserve Bank of New York

2023

9. A Measure of Trend Wage Inflation
   Staff Reports, Federal Reserve Bank of New York
   See also Journal Article A Measure of Trend Wage Inflation, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2025) (2025)
10. A Turning Point in Wage Growth?
    Liberty Street Economics, Federal Reserve Bank of New York
11. An Update on the Health of the U.S. Consumer
    Liberty Street Economics, Federal Reserve Bank of New York
12. How Large Are Inflation Revisions? The Difficulty of Monitoring Prices in Real Time
    Liberty Street Economics, Federal Reserve Bank of New York
13. Not Just “Stimulus” Checks: The Marginal Propensity to Repay Debt
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2022

14. Approximating Grouped Fixed Effects Estimation via Fuzzy Clustering Regression
    Staff Reports, Federal Reserve Bank of New York View citations (1)
    See also Journal Article Approximating grouped fixed effects estimation via fuzzy clustering regression, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2023) View citations (2) (2023)
15. What Have Workers Done with the Time Freed up by Commuting Less?
    Liberty Street Economics, Federal Reserve Bank of New York

2021

16. COVID-19 and Small Businesses: Uneven Patterns by Race and Income
    Liberty Street Economics, Federal Reserve Bank of New York
17. Many Small Businesses in the Services Sector Are Unlikely to Reopen
    Liberty Street Economics, Federal Reserve Bank of New York
18. Subsidizing Startups under Imperfect Information
    Staff Reports, Federal Reserve Bank of New York
    See also Journal Article Subsidizing startups under imperfect information, Journal of Monetary Economics, Elsevier (2023) (2023)
19. Who’s Ready to Spend? Constrained Consumption across the Income Distribution
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2020

20. Did State Reopenings Increase Consumer Spending?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
21. How Did State Reopenings Affect Small Businesses?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2019

22. Firms’ Precautionary Savings and Employment during a Credit Crisis
    Staff Reports, Federal Reserve Bank of New York View citations (8)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) View citations (2)
    Discussion Papers, Centre for Macroeconomics (CFM) (2016) View citations (2)
    See also Journal Article Firms' Precautionary Savings and Employment during a Credit Crisis, American Economic Journal: Macroeconomics, American Economic Association (2024) View citations (1) (2024)

2018

23. The Marginal Propensity to Hire
    2018 Meeting Papers, Society for Economic Dynamics View citations (8)
    Also in Staff Reports, Federal Reserve Bank of New York (2018) View citations (9)

Journal Articles

2025

1. A Measure of Trend Wage Inflation
   Journal of Applied Econometrics, 2025, 40, (5), 508-520
   See also Working Paper A Measure of Trend Wage Inflation, Staff Reports (2023) (2023)
2. Stock Market Participation, Inequality, and Monetary Policy
   The Review of Economic Studies, 2025, 92, (4), 2656-2690
   See also Working Paper Stock Market Participation, Inequality, and Monetary Policy, CEPR Discussion Papers (2024) (2024)

2024

3. Firms' Precautionary Savings and Employment during a Credit Crisis
   American Economic Journal: Macroeconomics, 2024, 16, (1), 356-86 View citations (1)
   See also Working Paper Firms’ Precautionary Savings and Employment during a Credit Crisis, Staff Reports (2019) View citations (8) (2019)

2023

4. Approximating grouped fixed effects estimation via fuzzy clustering regression
   Journal of Applied Econometrics, 2023, 38, (7), 1077-1084 View citations (2)
   See also Working Paper Approximating Grouped Fixed Effects Estimation via Fuzzy Clustering Regression, Staff Reports (2022) View citations (1) (2022)
5. Subsidizing startups under imperfect information
   Journal of Monetary Economics, 2023, 139, (C), 93-109
   See also Working Paper Subsidizing Startups under Imperfect Information, Staff Reports (2021) (2021)