American Economic Journal: Macroeconomics: Forthcoming
The following papers have been accepted for publication and will appear in future issues of the journal after being copyedited and typeset.
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A Unified Model of Learning to Forecast
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Spatial Integration and Agricultural Productivity: Quantifying the Impact of New Roads
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State Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations
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Uncertainty Shocks, Adjustment Costs and Firm Beliefs: Evidence From a Representative Survey
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What Caused the U.S. Pandemic-Era Inflation?
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Does Unemployment Risk Affect Business Cycle Dynamics?
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Terms-of-Trade Shocks Are Not All Alike
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Rational Inattention and the Business Cycle Effects of Productivity and News Shocks
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Enemies of the People
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U.S. Treasury Auctions: A High Frequency Identification of Supply Shocks
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Optimal Bank Reserve Remuneration and Capital Control Policy
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Medical Expenses and Saving in Retirement: The Case of U.S. and Sweden
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From Blue to Steel-Collar Jobs: The Decline in Employment Gaps?
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Why Didn’t the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills
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Understanding Persistent ZLB: Theory and Assessment
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Permanent Income Shocks, Target Wealth, and the Wealth Gap
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The Evolution of U.S. Retail Concentration
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Estimating Hysteresis Effects
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International Friends and Enemies
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The Elasticity of Aggregate Output with Respect to Capital and Labor
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Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity
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Automation, Bargaining Power, and Labor Market Fluctuations
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Reassessing the Relevance of Financial Shocks in an Estimated Heterogeneous Firm Model
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Idiosyncratic Income Risk and Aggregate Fluctuations
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New Facts on Consumer Price Rigidity in the Euro Area
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When Interest Rates Go Low, Should Public Debt Go High?
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Asymmetric Reciprocity and the Cyclical Behaviour of Wages, Effort and Job Creation
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Macroeconomic Frameworks: Reconciling Evidence and Model Predictions from Demand Shocks
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Aggregate and Intergenerational Implications of School Closures: A Quantitative Assessment
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Measuring Employer-to-Employer Reallocation
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Optimal Foreign Reserves and Central Bank Policy under Financial Stress
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MPC Heterogeneity and the Dynamic Response of Consumption to Monetary Policy
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World Productivity: 1996–2014
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Delayed Overshooting: The Case for Information Rigidities
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Labor Substitutability among Schooling Groups
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Entrepôt: Hubs, Scale, and Trade Costs
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Population, Productivity, and Sustainable Consumption
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A Simple Explanation of Countercyclical Uncertainty
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The Optimal Quantity of CBDC in a Bank-Based Economy
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Is There a Stable Relationship between Unemployment and Future Inflation?
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Labor Market Effects of Workweek Restrictions: Evidence from the Great Depression
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Fiscal and Monetary Policy Interactions in a Model with Low Interest Rates