Details about Virgiliu Midrigan

Access statistics for papers by Virgiliu Midrigan.

Last updated 2023-03-11. Update your information in the RePEc Author Service.

Short-id: pmi156

Working Papers

2024

1. Non-Linear Inflation Dynamics in Menu Cost Economies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2024) View citations (1)
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2024)
2. Nonlinear Dynamics in Menu Cost Economies? Evidence from U.S. Data
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2024)
3. The Inflation Accelerator
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2024)
   NBER Working Papers, National Bureau of Economic Research, Inc (2024)

2022

4. Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
5. How Important are Investment Indivisibilities for Development? Experimental Evidence from Uganda
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
6. Why Are Returns to Private Business Wealth So Dispersed?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2020

7. Asset Prices and Unemployment Fluctuations
   Working Papers, Federal Reserve Bank of Cleveland View citations (3)
   Also in 2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (6)
   NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (11)
   Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (3)
8. Credit Frictions in the Great Recession
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
   Also in Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (2)
9. Efficient Redistribution
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)

2019

10. Markups and Inequality
    2019 Meeting Papers, Society for Economic Dynamics View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (14)

2018

11. Evolution of Modern Business Cycle Models: Accounting for the Great Recession
    Staff Report, Federal Reserve Bank of Minneapolis View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (17)
    See also Journal Article Evolution of Modern Business Cycle Models: Accounting for the Great Recession, Journal of Economic Perspectives, American Economic Association (2018) View citations (17) (2018)
12. How Costly Are Markups?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (104)
13. How Important are Indivisible Investments for Development? Experimental Evidence from Uganda
    2018 Meeting Papers, Society for Economic Dynamics

2017

14. Human Capital and Financial Development
    2017 Meeting Papers, Society for Economic Dynamics View citations (2)
15. Liquidity Constraints in the U.S. Housing Market
    2017 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (7)
16. On the Importance of Easing Consumer Credit Frictions
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (2)

2016

17. Beyond the Liquidity Trap: the Secular Stagnation of Investment
    2016 Meeting Papers, Society for Economic Dynamics View citations (11)
18. Debt Constraints and Employment
    Staff Report, Federal Reserve Bank of Minneapolis View citations (24)
    Also in 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (39)
    See also Journal Article Debt Constraints and Employment, Journal of Political Economy, University of Chicago Press (2019) View citations (23) (2019)
19. Household Leverage and the Recession
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (129)
    2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (137)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (141)

2014

20. Competition, Markups, and the Gains from
    Department of Economics - Working Papers Series, The University of Melbourne View citations (7)
21. Microeconomic Uncertainty, International Trade, and Aggregate Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2014)
    See also Journal Article Microeconomic uncertainty, international trade, and aggregate fluctuations, Journal of Monetary Economics, Elsevier (2015) View citations (9) (2015)

2013

22. Competition, Markups, and the Gains from International Trade
    Economics Series, Institute for Advanced Studies View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (41)
    See also Journal Article Competition, Markups, and the Gains from International Trade, American Economic Review, American Economic Association (2015) View citations (258) (2015)

2012

23. The Puzzling Behavior of Real Exchange Rates
    2012 Meeting Papers, Society for Economic Dynamics
24. Trade Wedges, Inventories, and International Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2012) View citations (3)
    See also Journal Article Trade wedges, inventories, and international business cycles, Journal of Monetary Economics, Elsevier (2013) View citations (37) (2013)
25. Trade, Inventories, and International Business Cycles
    2012 Meeting Papers, Society for Economic Dynamics View citations (9)

2011

26. Inventories, Markups and Real Rigidities in Sticky Price Models of the Canadian Economy
    Staff Working Papers, Bank of Canada
27. Trade Volatility, Business Cycle Synchronization, and Inventory Dynamics
    2011 Meeting Papers, Society for Economic Dynamics
28. U.S. trade and inventory dynamics
    Working Papers, Federal Reserve Bank of Philadelphia View citations (12)
    See also Journal Article US Trade and Inventory Dynamics, American Economic Review, American Economic Association (2011) View citations (48) (2011)

2010

29. Finance and Misallocation: Evidence from Plant-level Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (67)
    See also Journal Article Finance and Misallocation: Evidence from Plant-Level Data, American Economic Review, American Economic Association (2014) View citations (680) (2014)
30. Prices are Sticky After All
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    See also Journal Article Prices are sticky after all, Journal of Monetary Economics, Elsevier (2015) View citations (122) (2015)
31. The Great Trade Collapse of 2008-09: An Inventory Adjustment?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (138)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (98)
32. The great trade collapse of 2008-2009: an inventory adjustment?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (87)

2009

33. Accounting for Plant-level Misallocation
    2009 Meeting Papers, Society for Economic Dynamics View citations (3)
34. Inventories and Real Rigidities in New Keynesian Business Cycle Models
    Staff Working Papers, Bank of Canada View citations (6)
    See also Journal Article Inventories and real rigidities in New Keynesian business cycle models, Journal of the Japanese and International Economies, Elsevier (2010) View citations (13) (2010)
    Chapter Inventories and Real Rigidities in New Keynesian Business Cycle Models, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (11) (2010)
35. Inventories, Markups, and Real Rigidities in Menu Cost Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Staff Working Papers, Bank of Canada (2009) View citations (19)
    2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (10)
    See also Journal Article Inventories, Markups, and Real Rigidities in Menu Cost Models, The Review of Economic Studies, Review of Economic Studies Ltd (2013) View citations (33) (2013)
36. Investment and the Real Interest Rate in Business Cycle Models
    2009 Meeting Papers, Society for Economic Dynamics
37. Product diversification, creation and destruction: Micro evidence and aggregate implications
    2009 Meeting Papers, Society for Economic Dynamics
38. The Puzzling Behavior of Sectoral Real Exchange Rates
    2009 Meeting Papers, Society for Economic Dynamics

2008

39. Inventories, Lumpy Trade, and Large Devaluations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2008) View citations (8)
    Working Papers, Federal Reserve Bank of Philadelphia (2008) View citations (20)
    Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations (8)
    See also Journal Article Inventories, Lumpy Trade, and Large Devaluations, American Economic Review, American Economic Association (2010) View citations (145) (2010)
40. Temporary Price Changes and the Real Effects of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations (30)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations (33)

2007

41. Lumpy Trade and the Price of Imports in Large Devaluations
    2007 Meeting Papers, Society for Economic Dynamics
42. Sales and the real effects of monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis View citations (29)
43. Sticky prices and sectoral real exchange rates
    Working Papers, Federal Reserve Bank of Minneapolis View citations (21)

2006

44. Menu costs, multi-product firms, and aggregate fluctuations
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (50)
    Also in Macroeconomics, University Library of Munich, Germany (2005) View citations (51)
    See also Journal Article Menu Costs, Multiproduct Firms, and Aggregate Fluctuations, Econometrica, Econometric Society (2011) View citations (292) (2011)

2005

45. International Price Dispersion in State-Dependent Pricing Models
    International Finance, University Library of Munich, Germany
    See also Journal Article International price dispersion in state-dependent pricing models, Journal of Monetary Economics, Elsevier (2007) View citations (20) (2007)
46. Is Firm Pricing State or Time-Dependent? Evidence from US Manufacturing
    Macroeconomics, University Library of Munich, Germany View citations (4)
    See also Journal Article Is Firm Pricing State or Time Dependent? Evidence from U.S. Manufacturing, The Review of Economics and Statistics, MIT Press (2010) View citations (22) (2010)

2004

47. International Price Dispersion in State-Dependent Pricing Models: Theory and Evidence
    2004 Meeting Papers, Society for Economic Dynamics

Journal Articles

2020

1. On the Importance of Household versus Firm Credit Frictions in the Great Recession
   Review of Economic Dynamics, 2020, 37 Supplement 1, S34-S67 View citations (6)

2019

2. Debt Constraints and Employment
   Journal of Political Economy, 2019, 127, (4), 1926 - 1991 View citations (23)
   See also Working Paper Debt Constraints and Employment, Staff Report (2016) View citations (24) (2016)

2018

3. Evolution of Modern Business Cycle Models: Accounting for the Great Recession
   Journal of Economic Perspectives, 2018, 32, (3), 141-66 View citations (17)
   See also Working Paper Evolution of Modern Business Cycle Models: Accounting for the Great Recession, Staff Report (2018) View citations (13) (2018)

2016

4. Debt Constraints and the Labor Wedge
   American Economic Review, 2016, 106, (5), 548-53 View citations (8)

2015

5. Competition, Markups, and the Gains from International Trade
   American Economic Review, 2015, 105, (10), 3183-3221 View citations (258)
   See also Working Paper Competition, Markups, and the Gains from International Trade, Economics Series (2013) View citations (11) (2013)
6. Microeconomic uncertainty, international trade, and aggregate fluctuations
   Journal of Monetary Economics, 2015, 69, (C), 20-38 View citations (9)
   See also Working Paper Microeconomic Uncertainty, International Trade, and Aggregate Fluctuations, NBER Working Papers (2014) View citations (1) (2014)
7. Prices are sticky after all
   Journal of Monetary Economics, 2015, 75, (C), 35-53 View citations (122)
   See also Working Paper Prices are Sticky After All, NBER Working Papers (2010) View citations (51) (2010)

2014

8. Finance and Misallocation: Evidence from Plant-Level Data
   American Economic Review, 2014, 104, (2), 422-58 View citations (680)
   See also Working Paper Finance and Misallocation: Evidence from Plant-level Data, NBER Working Papers (2010) View citations (67) (2010)
9. The Aggregate Impact of Household Saving and Borrowing Constraints: Designing a Field Experiment in Uganda
   American Economic Review, 2014, 104, (5), 171-76 View citations (8)

2013

10. Inventories, Markups, and Real Rigidities in Menu Cost Models
    The Review of Economic Studies, 2013, 80, (1), 249-276 View citations (33)
    See also Working Paper Inventories, Markups, and Real Rigidities in Menu Cost Models, NBER Working Papers (2009) View citations (13) (2009)
11. Trade wedges, inventories, and international business cycles
    Journal of Monetary Economics, 2013, 60, (1), 1-20 View citations (37)
    See also Working Paper Trade Wedges, Inventories, and International Business Cycles, NBER Working Papers (2012) View citations (7) (2012)

2011

12. Menu Costs, Multiproduct Firms, and Aggregate Fluctuations
    Econometrica, 2011, 79, (4), 1139-1180 View citations (292)
    See also Working Paper Menu costs, multi-product firms, and aggregate fluctuations, CFS Working Paper Series (2006) View citations (50) (2006)
13. US Trade and Inventory Dynamics
    American Economic Review, 2011, 101, (3), 303-07 View citations (48)
    See also Working Paper U.S. trade and inventory dynamics, Working Papers (2011) View citations (12) (2011)

2010

14. Inventories and real rigidities in New Keynesian business cycle models
    Journal of the Japanese and International Economies, 2010, 24, (2), 259-281 View citations (13)
    See also Chapter Inventories and Real Rigidities in New Keynesian Business Cycle Models, NBER Chapters, 2010, 259-281 (2010) View citations (11) (2010)
    Working Paper Inventories and Real Rigidities in New Keynesian Business Cycle Models, Staff Working Papers (2009) View citations (6) (2009)
15. Inventories, Lumpy Trade, and Large Devaluations
    American Economic Review, 2010, 100, (5), 2304-39 View citations (145)
    See also Working Paper Inventories, Lumpy Trade, and Large Devaluations, NBER Working Papers (2008) View citations (23) (2008)
16. Is Firm Pricing State or Time Dependent? Evidence from U.S. Manufacturing
    The Review of Economics and Statistics, 2010, 92, (3), 643-656 View citations (22)
    See also Working Paper Is Firm Pricing State or Time-Dependent? Evidence from US Manufacturing, Macroeconomics (2005) View citations (4) (2005)
17. The Great Trade Collapse of 2008–09: An Inventory Adjustment&quest
    IMF Economic Review, 2010, 58, (2), 254-294 View citations (8)

2008

18. On implications of micro price data for macro models - comments
    Conference Series ; [Proceedings], 2008 View citations (3)

2007

19. International price dispersion in state-dependent pricing models
    Journal of Monetary Economics, 2007, 54, (8), 2231-2250 View citations (20)
    See also Working Paper International Price Dispersion in State-Dependent Pricing Models, International Finance (2005) (2005)

Chapters

2011

1. Comment on "In Search of Real Rigidities"
   A chapter in NBER Macroeconomics Annual 2010, volume 25, 2011, pp 319-325

2010

2. Inventories and Real Rigidities in New Keynesian Business Cycle Models
   A chapter in Sticky Prices and Inflation Dynamics (NBER-TCER-CEPR), 2010, pp 259-281 View citations (11)
   See also Working Paper Inventories and Real Rigidities in New Keynesian Business Cycle Models, Bank of Canada (2009) View citations (6) (2009)
   Journal Article Inventories and real rigidities in New Keynesian business cycle models, Elsevier (2010) View citations (13) (2010)

2008

3. Comment on "Monetary Policy and Business Cycles with Endogenous Entry and Product Variety"
   A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 355-365