Working Paper Series

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2021: Deindustrialization and Industry Polarization

Michael Sposi, Kei-Mu Yi and Jing Zhang

2021: A Hitchhiker’s Guide to Empirical Macro Models

Fabio Canova and Filippo Ferroni

2021: Perceived Competition in Agricultural Lending: Stylized Facts and an Agenda for Future Research

Chad Fiechter, Todd Kuethe and David Oppedahl

2021: The Impact of Covid-19 Related Policy Responses on Municipal Debt Markets

Robert Bernhardt, Stefania D'Amico and Santiago I. Sordo Palacios

2021: Capital Constraints and Risk Shifting: An Instrumental Approach

Alejandro Drexler and Thomas King

2021: Robust Bayesian Analysis for Econometrics

Raffaella Giacomini, Toru Kitagawa and Matthew Read

2021: Do Stay-at-Home Orders Cause People to Stay at Home? Effects of Stay-at-Home Orders on Consumer Behavior

Diane Alexander and Ezra Karger

2021: Effect of Ownership Composition on Property Prices and Rents: Evidence from Chinese Investment Boom in US Housing Markets

Jung Sakong

2021: Ownership Concentration and Performance of Deteriorating Syndicated Loans

Mariassunta Giannetti and Ralf R. Meisenzahl

2021: The Returns to Public Library Investment

Gregory Gilpin, Ezra Karger and Peter Nencka

2021: The COVID-19 Pandemic and Asian American Employment

Bo E. Honore and Luojia Hu

2021: Sample Selection Models Without Exclusion Restrictions: Parameter Heterogeneity and Partial Identification

Bo E. Honore and Luojia Hu

2021: Measuring Intergenerational Income Mobility: A Synthesis of Approaches

Nathan Deutscher and Bhashkar Mazumder

2021: Tracking U.S. Consumers in Real Time with a New Weekly Index of Retail Trade

Daniel Aaronson, Scott Brave, Michael Fogarty, Ezra Karger and Spencer Krane

2021: A Quantitative Analysis of Tariffs Across U.S. States

Ana Maria Santacreu, Michael Sposi and Jing Zhang

2021: Identifying Taste-Based Discrimination: Effect of Black Electoral Victories on Racial Prejudice and Economic Gaps

Jung Sakong

2021: The Effects of the Great Migration on Urban Renewal

Daniel Hartley, Bhashkar Mazumder, Aastha Rajan and Ying Shi

2021: The Intergenerational Transmission of Mental and Physical Health in the United Kingdom

Panka Bencsik, Timothy Halliday and Bhashkar Mazumder

2021: A Macroeconomic Model of Healthcare Saturation, Inequality and the Output-Pandemia Tradeoff

Enrique Mendoza, Eugenio Rojas, Linda L. Tesar and Jing Zhang

2021: Heterogeneity in the Marginal Propensity to Consume: Evidence from Covid-19 Stimulus Payments

Ezra Karger and Aastha Rajan

2021: Bad Jobs and Low Inflation

Renato Faccini and Leonardo Melosi

2021: Risk-Taking, Capital Allocation and Optimal Monetary Policy

Joel David and David Zeke

2020: Risk-Adjusted Capital Allocation and Misallocation

Joel David, Lukas Schmid and David Zeke

2020: The Pathway to Enrolling in a High-Performance High School: Understanding Barriers to Access

Lisa Barrow and Lauren Sartain

2020: The Long-Run Effects of the 1930s HOLC “Redlining” Maps on Place-Based Measures of Economic Opportunity and Socioeconomic Success

Daniel Aaronson, Jacob Faber, Daniel Hartley, Bhashkar Mazumder and Patrick Sharkey

2020: Pandemic Recessions and Contact Tracing

Leonardo Melosi and Matthias Rottner

2020: The Relationship between Debt and Output

Yun Jung Kim and Jing Zhang

2020: International Capital Flows: Private Versus Public Flows in Developing and Developed Countries

Yun Jung Kim and Jing Zhang

2020: Money, Banking, and Old-School Historical Economics

Eric Monnet and Francois Velde

2020: Mind the gap! Stylized Dynamic Facts and Structural Models

Fabio Canova and Filippo Ferroni

2020: Structural Change and Global Trade

Logan Lewis, Ryan Monarch, Michael Sposi and Jing Zhang

2020: Income-Driven Labor-Market Polarization

Diego Comin, Ana Danieli and Martí Mestieri

2020: The Stable Transformation Path

Francisco Buera, Joseph Kaboski, Martí Mestieri and Daniel G. O'Connor

2020: The Heterogeneous Effects of Trade across Occupations: A Test of the Stolper-Samuelson Theorem

Sergi Basco, Maxime Liégey, Martí Mestieri and Gabriel Smagghue

2020: What Are the Financial Systemic Implications of Access and Non-Access to Federal Reserve Deposit Accounts for Central Counterparties?

Maggie Sklar

2020: Optimal Debt Dynamics, Issuance Costs, and Commitment

Luca Benzoni, Lorenzo Garlappi, Robert S. Goldstein, Julien Hugonnier and Chao Ying

2020: Employment and Welfare Effects of the Quota for Disabled Workers in Brazil

Gustavo de Souza

2020: The Relationship Between Race, Type of Work, and Covid-19 Infection Rates

Jason Faberman and Daniel Hartley

2020: Unexpected Supply Effects of Quantitative Easing and Tightening

Stefania D'Amico and Tim Seida

2020: What Happened to the US Economy During the 1918 Influenza Pandemic? A View Through High-Frequency Data

Francois Velde

2020: Optimal Financial Contracting and the Effects of Firm’s Size

Sandro Brusco, Giuseppe (Pino) Lopomo, Eva Ropero and Alessandro Villa

2020: Heterogeneity in the Marginal Propensity to Consume: Evidence from Covid-19 Stimulus Payments

Ezra Karger and Aastha Rajan

2020: Trade Integration, Global Value Chains, and Capital Accumulation

Michael Sposi, Kei-Mu Yi and Jing Zhang

2020: Impacts of the Fed Corporate Credit Facilities through the Lenses of ETFs and CDX

Stefania D'Amico, Vamsi Kurakula and Stephen M. Lee

2020: Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength

Francesco Bianchi, Renato Faccini and Leonardo Melosi

2020: Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength

Francesco Bianchi, Renato Faccini and Leonardo Melosi

2020: Do Stay-at-Home Orders Cause People to Stay at Home? Effects of Stay-at-Home Orders on Consumer Behavior

Diane Alexander and Ezra Karger

2020: Using the Eye of the Storm to Predict the Wave of Covid-19 UI Claims

Daniel Aaronson, Scott Brave, R. Andrew Butters, Daniel Sacks and Boyoung Seo

2020: What Happened to the US Economy During the 1918 Influenza Pandemic? A View Through High-Frequency Data

Francois Velde

2020: Using the Eye of the Storm to Predict the Wave of Covid-19 UI Claims

Daniel Aaronson, Scott Brave, R. Andrew Butters, Daniel Sacks and Boyoung Seo

2020: Adaptation and the Cost of Rising Temperature for the U.S. economy

Charles Fries and Francois Gourio

2020: The perils of working with Big Data and a SMALL framework you can use to avoid them

Scott Brave, R. Andrew Butters and Michael Fogarty

2020: Bad Jobs and Low Inflation

Renato Faccini and Leonardo Melosi

2020: Adaptation and the Cost of Rising Temperature for the U.S. Economy

Charles Fries and Francois Gourio

2020: Credit Score Doctors

Luojia Hu, Xing Huang and Andrei Simonov

2020: The Signaling, Screening, and Human Capital Effects of National Board Certification: Evidence from Chicago and Kentucky High Schools

Lisa Barrow, Linda Cavalluzzo, Thomas Geraghty, Christine Mokher and Lauren Sartain

2020: Credit Score Doctors

Luojia Hu, Xing Huang and Andrei Simonov

2020: Business Cycle Fluctuations in Mirrlees Economies: The case of i.i.d. shocks​

Marcelo Veracierto

2020: Computing Equilibria of Stochastic Heterogeneous Agent Models Using Decision Rule Histories

Marcelo Veracierto

2020: Computing Equilibria of Stochastic Heterogeneous Agent Models Using Decision Rule Histories

Marcelo Veracierto

2020: Retirement Saving Adequacy in U.S. Defined Contribution Plans

Francisco Gomes, Kenton Hoyem and Enrichetta Ravina

2020: Monetary policy implementation with an ample supply of reserves

Gara Afonso, Kyungmin Kim, Antoine Martin, Ed Nosal, Simon Potter and Sam Schulhofer-Wohl

2020: Who Has the Time? Community College Students’ Time-Use Response to Financial Incentives

Lisa Barrow, Amanda McFarland and Cecilia Elena Rouse

2020: The Signaling, Screening, and Human Capital Effects of National Board Certification: Evidence from Chicago and Kentucky High Schools

Lisa Barrow, Thomas Geraghty, Christine Mokher and Lauren Sartain

2020: Risk Premia at the ZLB: A Macroeconomic Interpretation

Francois Gourio and Phuong Ngo

2020: Monetary Policy Implementation With an Ample Supply of Reserves

Gara Afonso, Kyungmin Kim, Antoine Martin, Ed Nosal, Simon Potter and Sam Schulhofer-Wohl

2020: Risk Premia at the ZLB: A Macroeconomic Interpretation

Francois Gourio and Phuong Ngo

2020: Who Has the Time? Community College Students’ Time-Use Response to Financial Incentives

Lisa Barrow, Amanda McFarland and Cecilia Elena Rouse