"Macroeconomics with Heterogeneity: A Practical Guide"
This is a bit on the wonkish side, but since I've talked a lot about the difficulties that heterogeneous agents pose in macroeconomics, particularly for aggregation, I thought I should note this review of models with heterogeneous agents: Macroeconomics with...
"The Macroeconomic Effects of FOMC Forward Guidance"
I've been trying to figure out whether the Fed's declaration that it would maintain exceptionally low rates through late 2014 represents a conditional or unconditional statement. That is, if the economy improves faster than expected, will the Fed raise rates...
FRBSF: Structural and Cyclical Elements in Macroeconomics
I am here today: Structural and Cyclical Elements in Macroeconomics Federal Reserve Bank of San Francisco Janet Yellen Conference Center, First Floor March 16, 2012 AGENDA Morning Session Chair: John Fernald, Federal Reserve Bank of San Francisco 8:10 A.M. Continental...
"Prospects for Nuclear Power"
Via the NBER: Prospects for Nuclear Power, by Lucas W. Davis, NBER Working Paper No. 17674, December 2011: The prospects for a revival of nuclear power were dim even before the partial reactor meltdowns at the Fukushima nuclear plant. Nuclear...
NBER EF&G Research Meeting
I am here today: NBER EF&G Research Meeting Nir Jaimovich and Guido Lorenzoni, Organizers February 3, 2012 Federal Reserve Bank of San Francisco PROGRAM 8:30 am Continental Breakfast 9:00 am Gary Gorton, Yale University Guillermo Ordonez, Yale University Collateral Crises...
"Changing Inequality in U.S. College Entry and Completion"
From the NBER: Gains and Gaps: Changing Inequality in U.S. College Entry and Completion, by Martha J. Bailey, Susan M. Dynarski, NBER Working Paper No. 17633, December 2011: [open link] We describe changes over time in inequality in postsecondary education...
Tax Evasion and Investment, Trade and Greenhouse Gases, Football and Grades
Travel day today, so it seems as good a day as any to have a post featuring research by colleagues. First, Bruce Blonigen and Nick Sly (and a coauthor, Lindsay Oldenski): The Growing International Campaign Against Tax Evasion The growing...
"The Impact of Immigration on Native Poverty"
Immigration is not the cause of poverty: The Impact of Immigration on Native Poverty through Labor Market Competition, by Giovanni Peri, NBER Working Paper No. 17570, November 2011: In this paper I first analyze the wage effects of immigrants on...
The Public Mission of Economics: Overcoming the Great Disconnect
This is an essay I did for the Social Science Research Council's initiative on Academia and the Public Sphere: New Forms of Communication and the Public Mission of Economics: Overcoming the Great Disconnect The papers that are part of the...
Unemployment Insurance and Job Search in the Great Recession
New research from Jesse Rothstein shows that, contrary to what you may have heard from those who are trying to blame our economic problems on government programs rather than malfeasance on Wall Street, unemployment insurance is not the cause of...
Unemployment Insurance and Job Search in the Great Recession
New research from Jesse Rothstein shows that, contrary to what you may have heard from those who are trying to blame our economic problems on government programs rather than malfeasance on Wall Street, unemployment insurance is not the cause of...
NBER Economic Fluctuations & Growth Research Meeting
I am here today: NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. EF&G Research Meeting October 21, 2011 Federal Reserve Bank of Chicago 230 South LaSalle Street Chicago, Illinois George-Marios Angeletos and Martin Schneider, Organizers PROGRAM THURSDAY, OCTOBER 20: 6:30 pm Reception...
