Working Papers

From University of Toronto, Department of Economics
150 St. George Street, Toronto, Ontario.
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2012: Misallocation and Productivity

Diego Restuccia and Richard Rogerson

2012: Liquidity, Innovation and Growth

Aleksander Berentsen, Mariana Rojas-Breu and Shouyong Shi

2012: The Latin American Development Problem: An Interpretation

Diego Restuccia

2012: Diversification of Geographic Risk in Retail Bank Networks: Evidence from Bank Expansion after the Riegle-Neal Act

Victor Aguirregabiria, Robert Clark and Hui Wang

2012: The Evolution of Education: A Macroeconomic Analysis

Diego Restuccia and Guillaume Vandenbroucke

2012: Money Matters: A Critique of the Postan Thesis on Medieval Population, Prices, and Wages

John Munro

2012: Quality Uncertainty and Intermediation in International Trade

Kunal Dasgupta and Jordi Mondria

2012: Evaluating the impact of a targeted land distribution program: Evidence from Vietnam

Dwayne Benjamin, Loren Brandt, Brian McCaig and Nguyen Le Hoa

2012: A Century of Human Capital and Hours

Diego Restuccia and Guillaume Vandenbroucke

2012: Liquidity, Assets and Business Cycles

Shouyong Shi

2012: Bayesian semiparametric multivariate GARCH modeling

Mark Jensen and John Maheu

2012: Dynamic Spatial Competition Between Multi-Store Firms

Victor Aguirregabiria and Gustavo Vicentini

2012: The Technology and Economics of Coinage Debasements in Medieval and Early Modern Europe: with special reference to the Low Countries and England

John Munro

2012: Pricing and Signaling with Frictions

Alain Delacroix and Shouyong Shi

2012: Becker Meets Ricardo: Multisector Matching with Social and Cognitive Skills

Robert McCann, Xianwen Shi, Aloysius Siow and Ronald Wolthoff

2012: Estimating a Semiparametric Asymmetric Stochastic Volatility Model with a Dirichlet Process Mixture

Mark Jensen and John Maheu

2012: Sovereign Debt Restructuring Mechanisms--Unintended Consequences of the 2002 IMF Proposal

John Crean

2012: Design and Implementation of a Common Currency Area in the East African Community

Thomas Rusuhuzwa and Paul Masson

2012: A Century of Human Capital and Hours

Diego Restuccia and Guillaume Vandenbroucke

2012: Identification and estimation of dynamic games when players' beliefs are not in equilibrium

Victor Aguirregabiria and Arvind Magesan

2012: A New Structural Break Model with Application to Canadian Inflation Forecasting

John Maheu and Yong Song

2012: Sequential Innovation and Optimal Patent Design

Christian Riis and Xianwen Shi

2012: The Evolution of Education: A Macroeconomic Analysis

Diego Restuccia and Guillaume Vandenbroucke

2012: On the Equivalence of Bayesian and Dominant Strategy Implementation

Alex Gershkov, Jacob Goeree, Alexey Kushnir, Benny Moldovanu and Xianwen Shi

2012: Occupational Mobility and the Returns to Training

Gueorgui Kambourov, Iourii Manovskii and Miana Plesca

2011: Towards a Micro-Founded Theory of Aggregate Labor Supply

Andres Erosa, Luisa Fuster and Gueorgui Kambourov

2011: Labor Supply and Government Programs: A Cross-Country Analysis

Andres Erosa, Luisa Fuster and Gueorgui Kambourov

2011: The Size Distribution of Farms and International Productivity Differences

Tasso Adamopoulos and Diego Restuccia

2011: The Rise, Expansion, and Decline of the Italian Wool-Based Textile Industries, 1100-1730: a study in international competition, transaction costs, and comparative advantage

John Munro

2011: Usury, Calvinism, and Credit in Protestant England: from the Sixteenth Century to the Industrial Revolution

John Munro

2011: Bayesian Adaptive Hamiltonian Monte Carlo with an Application to High-Dimensional BEKK GARCH Models

Martin Burda and John Maheu

2011: Efficient Search on the Job and the Business Cycle

Guido Menzio and Shouyong Shi

2011: Canadian Monetary Policy and Real and Nominal Exchange Rates [Revised]

John Floyd

2011: Liquidity, Assets and Business Cycles

Shouyong Shi

2011: Explaining Educational Attainment across Countries and over Time

Diego Restuccia and Guillaume Vandenbroucke

2011: The Latin American Development Problem

Diego Restuccia

2011: Venezuela's Growth Experience

Omar Bello, Juan Blyde and Diego Restuccia

2011: Canadian Monetary Policy and Real and Nominal Exchange Rates

John Floyd

2011: Customer Relationship and Sales

Shouyong Shi

2011: The Dynamic Effects of Information on Political Corruption: Theory and Evidence from Puerto Rico

Gustavo Bobonis, Luis Cámara Fuertes and Rainer Schwabe

2011: Modelling Regime Switching and Structural Breaks with an Infinite Dimension Markov Switching Model

Yong Song

2011: Search Intermediaries

Xianwen Shi and Aloysius Siow

2011: A Monetary Theory with Non-Degenerate Distributions

Guido Menzio, Shouyong Shi and Hongfei Sun

2011: From Gutsherrschaft to Grundherrschaft: Demographic, Monetary, and Fiscal Factors in the Late-Medieval Decline of English Manorial Desmesne Agriculture

John Munro

2011: The effects of land transfer taxes on real estate markets: Evidence from a natural experiment in Toronto

Benjamin Dachis, Gilles Duranton and Matthew Turner

2011: Bayesian and Dominant Strategy Implementation Revisited

Alex Gershkov, Benny Moldovanu and Xianwen Shi

2011: Partially Identified Poverty Status: A New Approach to Measuring Poverty and the Progress of the Poor

Gordon Anderson, Maria Grazia Pittau and Roberto Zelli

2010: Recent Developments in Empirical IO: Dynamic Demand and Dynamic Games

Victor Aguirregabiria, Victor Aguirregabiria, Aviv Nevo and Aviv Nevo

2010: Applications and Interviews: A Structural Analysis of Two-Sided Simultaneous Search

Ronald Wolthoff

2010: The Coinages and Monetary Policies of Henry VIII (r. 1509-1547): Contrasts between Defensive and Aggressive Debasements

John Munro

2010: The Missing Food Problem: How Low Agricultural Imports Contribute to International Income and Productivity Differences

Trevor Tombe

2010: Specification Analysis of Structural Quantile Regression Models

Juan Carlos Escanciano and Chuan Goh

2010: Polarization Measurement and Inference in Many Dimensions: A Note

Gordon Anderson

2010: Search Committees

Benny Moldovanu and Xianwen Shi

2010: Land Use Regulation as a Barrier to Entry: Evidence from the Texas Lodging Industry

Junichi Suzuki

2010: Inequality and Growth in a Knowledge Economy

Kunal Dasgupta

2010: Learning and Knowledge Diffusion in a Global Economy

Kunal Dasgupta

2010: Emission Tax or Standard? The Role of Productivity Dispersion

Zhe Li and Shouyong Shi

2010: Modelling Realized Covariances and Returns

Xin Jin and John Maheu

2010: The Impact of Sub-Metering on Condominium Electricity Demand

Donald Dewees and Trevor Tombe

2010: Management Matters

Michelle Alexopoulos and Trevor Tombe

2010: Unemployment Insurance Eligibility, Moral Hazard and Equilibrium Unemployment

Min Zhang

2010: Labor Market Cycles and Unemployment Insurance Eligibility

Miquel Faig and Min Zhang

2010: Influential Opinion Leaders

Jakub Steiner and Colin Stewart

2010: Components of bull and bear markets: bull corrections and bear rallies

John Maheu, Thomas McCurdy and Yong Song

2010: Intraday Dynamics of Volatility and Duration: Evidence from the Chinese Stock Market

Chun Liu and John Maheu

2010: Land Use Regulation as a Barrier to Entry: Evidence from the Texas Lodging Industry

Junichi Suzuki

2010: Carrots and Sticks: Prizes and Punishments in Contests

Benny Moldovanu, Aner Sela and Xianwen Shi

2010: Information Externalities and Intermediaries in Frictional Search Markets

Xianwen Shi and Aloysius Siow

2010: Influenza Immunization Campaigns: Is an Ounce of Prevention Worth a Pound of Cure?

Courtney Ward

2010: The Fight for the Middle: Upgrading, Competition, and Industrial Development in China

Loren Brandt and Eric Thun

2010: Accounting for China's Growth

Loren Brandt and Xiaodong Zhu

2010: Asymmetric Information, Portfolio Managers, and Home Bias

Wioletta Dziuda and Jordi Mondria

2010: Volumes of Evidence - Examining Technical Change Last Century Through a New Lens

Michelle Alexopoulos and Jon Cohen

2010: Read All About it!! What happens following a technology shock?

Michelle Alexopoulos

2010: Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations

Guido Menzio and Shouyong Shi

2010: Communication, Timing, and Common Learning

Jakub Steiner and Colin Stewart

2010: The Evolution of Education: A Macroeconomic Analysis

Diego Restuccia and Guillaume Vandenbroucke

2010: Making Inferences About Rich Country - Poor Country Convergence: The Polarization Trapezoid and Overlap measures

Gordon Anderson, Teng Wah Leo and Oliver Linton

2010: Welfare Rankings From Multivariate Data, A Non-Parametric Approach

Gordon Anderson, Ian Crawford and Andrew Leicester