 | Assistant professor of Economics, UC Berkeley Verified email at econ.berkeley.edu Cited by 908 |
Using micro-level data, we examine the effects of Russia's 2001 flat rate income tax reform
on consumption, income, and tax evasion. We use the gap between household
expenditures and reported earnings as a proxy for tax evasion with data from a household ...
This study provides the first systematic measure of bribery using micro-level data on
reported earnings, household spending and asset holdings. We use the compensating
differential framework and the estimated sectoral gap in reported earnings and ...
Measuring the returns to schooling over an extended period in Russia and Ukraine from
1985 to 2002, we find an increase in both countries but the increase is much bigger in
Russia than in Ukraine. To investigate why returns to schooling in Russia and Ukraine ...
A key issue in current research and policy is the size of fiscal multipliers when the economy
is in recession. Using a variety of methods and data sources, we provide three insights. First,
using regime-switching models, we estimate effects of tax and spending policies that can ...
This paper examines micro-level channels of how financial development can affect
macroeconomic outcomes like the level of income and export intensity. We investigate
theoretically and empirically how financial constraints affect a firm's innovation and export ...
Abstract: We use firm-level data and national input-output tables from 17 countries over the
2002-2005 period to test new and existing hypotheses about the impact of foreign direct
investment (FDI) on the efficiency of domestic firms in the host country (ie, spillovers). ...
Abstract: This paper reexamines the evidence on the border effect. We argue that if there is
cross-country heterogeneity in the distribution of within-country price differentials, there is no
clear benchmark from which to gauge the effect of a border. In the absence of a structural ...
This paper develops a model where firms make state-dependent decisions on both pricing
and acquisition of information. It is shown that when information is not perfect, menu costs
combined with the aggregate price level serving as an endogenous public signal ...
With positive trend inflation, the Taylor principle is not enough to guarantee a determinate
equilibrium. We provide new theoretical results on restoring determinacy in New Keynesian
models with positive trend inflation and combine these with new empirical findings on the ...
Y Gorodnichenko, MD Shapiro - Journal of Monetary Economics, 2007 - Elsevier
The Fed kept interest rates low and essentially unchanged during the late 1990s despite a
booming economy and record-low unemployment. These interest rates were
accommodative by historical standards. Nonetheless, inflation remained low. How did the ...
Globalization brings opportunities and pressures for domestic firms in emerging markets to
innovate and improve their competitive position. Using data on firms in 27 emerging market
economies, we estimate the effects of foreign competition, vertical linkages with foreign ...
Y Gorodnichenko, K Sabirianova Peter… - Review of Economic …, 2010 - Elsevier
We construct key household and individual economic variables using a panel micro data set
from the Russia Longitudinal Monitoring Survey (RLMS) for 1994–2005. We analyze cross-
sectional income and consumption inequality trends and find that inequality decreased ...
This paper uses three different surveys of economic forecasts to assess both the support for
and the properties of informational rigidities faced by agents. Specifically, we track the
impulse responses of mean forecast errors and disagreement among agents after ...
Dynamic stochastic general equilibrium (DSGE) models are often solved and estimated
under specific assumptions as to whether the exogenous variables are difference or trend
stationary. However, even mild departures of the data generating process from these ...
This paper reexamines the evidence on the border effect, the finding that the border drives a
wedge between domestic and foreign prices. We argue that the border effect can be inflated
by the volatility and persistence of the nominal exchange rate and by the cross-country ...
Y Gorodnichenko, J Svejnar… - American economic …, 2010 - ingentaconnect.com
Abstract: Globalization brings opportunities and pressures for domestic firms in emerging
markets to innovate and improve their competitive position. Using data from 27 emerging
market economies, we estimate the effects of foreign competition and linkages with foreign ...
We propose a new approach to test of the null of full-information rational expectations which
is informative about whether rejections of the null reflect departures from rationality or full-
information. This approach can also quantify the economic significance of departures from ...
Y Gorodnichenko, Y Grygorenko - Journal of Comparative Economics, 2008 - Elsevier
This paper develops a partial equilibrium model to account for stylized facts about the
behavior of oligarchs, politically and economically strong conglomerates, in transition and
developing countries. The model predicts that oligarchs are more likely than other owners ...
We consider a DSGE model in which firms follow one of four price-setting regimes: sticky
prices, sticky-information, rule-of-thumb, or full-information flexible prices. The parameters of
the model, including the fractions of each type of firm, are estimated by matching the ...
We construct an endogenous growth model that includes a cultural variable along the
dimension of individualism-collectivism. The model predicts that more individualism leads to
more innovation because of the social rewards associated with innovation in an ...
At the firm level, revenue and costs are well measured but prices and quantities are not. This
paper shows that because of these data limitations estimates of returns to scale at the firm
level are for the revenue function, not production function. Given this observation, the ...
During the period 1991-93, Finland experienced the deepest economic downturn in an
industrialized country since the 1930s. We argue that the culprit behind this Great
Depression was the collapse of Finnish trade with the Soviet Union, because it induced a ...
We study the effects of positive steady-state inflation in New Keynesian models subject to
the zero bound on interest rates. We derive the utility-based welfare loss function taking into
account the effects of positive steady-state inflation and show that steady-state inflation ...
V Bilotkach,
Y Gorodnichenko… - Journal of Air Transport …, 2010 - Elsevier
Using a sample of fare quotes for non-stop travel from New York to London, this paper
documents a set of stylized facts about pricing strategies of air carriers on this route. Two key
facts stand out. First, airlines appear to employ strikingly different pricing strategies. ...
[CITATION] Monetary Policy and Forecast Dispersion: A Test of the Sticky Information Model
[CITATION] Klara, 2005. Returns to schooling in Russia and Ukraine: A semiparametric approach to cross-country comparative analysis
The Fed kept interest rates low and essentially unchanged during the late 1990s despite a
booming economy and record-low unemployment. These interest rates were
accommodative by historical standards. Nonetheless, inflation remained low. How did the ...
Abstract: We present empirical evidence that, among a variety of cultural dimensions, the
individualismcollectivism dimension, based on Hofstede's (2001) data, is the most important
and robustly significant effect of culture on long run growth. Other dimensions that have a ...
Abstract This paper tests a number of hypotheses regarding the impact of foreign direct
investment (FDI) on the competitiveness (productivity) of domestic firms in the host country.
Using BEEPS data we are able to test traditional and new hypotheses with a larger ...
[CITATION] When Does FDI Have Positive Spillovers? Evidence from 17 Transition Economies
Y Gorodnichenko, J Svejnar… - 2007 - IZA Discussion Paper
A Auerbach… - 2011 - nber.org
In this paper, we estimate government purchase multipliers for a large number of OECD
countries, allowing these multipliers to vary smoothly according to the state of the economy and
using real-time forecast data to purge policy innovations of their predictable components. ...
[CITATION] Liquidity Constraints, Credit Market Development, and Tax Evasion
Y Gorodnichenko… - unpublished paper, 2007
While the degree of policy inertia in central banks' reaction functions is a central ingredient
in theoretical and empirical monetary economics, the source of the observed policy inertia in
the US is controversial, with tests of competing hypotheses such as interest-smoothing ...
[CITATION] Consumption, Income, and Savings Behavior of Russian Households
Y Gorodnichenko, KS Peter… - unpublished paper, 2007
Abstract: Globalization brings opportunities and pressures for domestic firms in emerging
markets to innovate and improve their competitive position. Using data on firms in 27
transition economies, the authors test for the effects of globalization through the impact of ...
Transition from a command economy to a market one is a process that involves major
changes in public finance, a cornerstone of reforms. The success of the reforms, to a great
extent, depends on whether the state can commit itself to preserving and protecting private ...
Abstract: We study the effects of positive steady-state inflation in New Keynesian models
subject to the zero bound on interest rates. We derive the utility-based welfare loss function
taking into account the effects of positive steady-state inflation and solve for the optimal ...
Y Gorodnichenko, D Schaefer… - Research in International …, 2009 - Elsevier
Using a unique large panel of German firms, we examine whether participation in business
groups (Konzerns) reduces the sensitivity of investment to cash flow. The main finding is that
the investment sensitivity is significantly reduced for small firms. On the other hand, we do ...
Y Gorodnichenko… - Manuscript, University of California …, 2007 - economics.uwo.ca
ABSTRACT This paper reexamines the evidence on the border effect, the finding that the
border drives a wedge between domestic and foreign prices. We argue that if there is cross-
country heterogeneity in the distribution of within-country price differentials, there is no ...
Y Gorodnichenko - University of California, Berkeley, 2010 - elsa.berkeley.edu
Abstract At the firm level, revenue and costs are well measured but prices and quantities are
not. This paper shows that because of these data limitations estimates of returns to scale at
the firm level are for the revenue function, not production function. Given this observation, ...
Y Gorodnichenko - University of California, Berkeley, 2005 - elsa.berkeley.edu
Abstract This paper integrates imposing a factor structure on residuals in vector
autoregressions (VARs) into structural VAR analysis. Identification, estimation and testing
procedures are discussed. The paper applies this approach to the well-known problem of ...
[CITATION] Klara Sabirianova Peter, 2008.“Myth and Reality of Flat Tax Reform: Micro Estimates of Tax Evasion and Productivity Response in Russia,”
Y Gorodnichenko… - NBER Working Paper
[CITATION] Relative Property Rights in Transition Economies: Can the Oligarchs Be Productive?
Y Grygorenko, Y Gorodnichenko… - Economics Education and Research …, 2006
[CITATION] Cu lture, Institutions and the Wealth of Nations
R Gerard, Y Gorodnichenko - University of California Berkeley working paper, 2011
[CITATION] Globalization and Innovation in Emerging Markets
G Yuriy, J Svejnar… - NBER Working Paper, 2008
[CITATION] Trade and transition dynamics in the Finnish depression
Y Gorodnichenko, E Mendoza… - Manuscript. University of Michigan, 2007
Abstract We construct key household and individual economic variables using a panel micro
data set from the Russia Longitudinal Monitoring Survey (RLMS) for 1994-2005. We analyze
cross-sectional income and consumption inequality and find that inequality decreased ...
[CITATION] Strategic Complementarity among Heterogeneous Price-Setters: An Estimated DSGE Approach
O Coibion, Y Gorodnichenko - 2006 - Manuscript
[CITATION] Dmitriy, 2009. Inequality and Volatility Moderation in Russia: Evidence from Micro-Level Panel Data on Consumption and Income
Y Gorodnichenko, S Peter… - NBER working paper
[CITATION] Horizontal and vertical spillovers in transition economies: do institutions matter?
Y Gorodnichenko, J Svejnar… - University of Michigan, mimeo, 2007
[CITATION] Culture, Institutions and Long Run Growth
Y Gorodnichenko… - NBER Working Paper, 2010
[CITATION] Estimating Returns to Scale: Critique of Popular Estimators and New Solutions to Old Problems
Y Gorodnichenko - … paper, Department of Economics, University of …, 2005
Y Gorodnichenko… - Proceedings of the National …, 2011 - National Acad Sciences
Abstract Countries having a more individualist culture have enjoyed higher long-run growth
than countries with a more collectivist culture. Individualist culture attaches social status
rewards to personal achievements and thus, provides not only monetary incentives for ...
Globalization brings opportunities and pressures for domestic firms in emerging markets to
innovate and improve their competitive position. Using data on firms in 27 transition
economies, the authors test for the effects of globalization through the impact of increased ...
Page 1. Macroeconomic forecasts for transition countries Yuriy Gorodnichenko University of
Michigan Page 2. Challenges and objectives Objectives: • Precise • Real time • Cheap Challenges:
• short time series • structural changes • poor quality of data Page 3. Countries ...
Abstract Corruption is social scourge in developing and transition countries. Yet, available
estimates of bribery are subjective, sporadic and imprecise. In this paper we develop a
framework to assess quantitatively the extent of bribery from data on labor market ...
Empirical evidence suggests that Ukrainian ferrous metal industry exhibits extremely low
capacity utilization rates. This project seeks to explain this phenomenon within the
framework of the property rights approach. A solution to the problem is proposed via ...
Y Gorodnichenko… - … Studies Paper No. CES-WP-11-19, 2011 - papers.ssrn.com
Abstract: Most capital in the United States is idle much of the time. By some measures, the
average workweek of capital in US manufacturing is as low as 55 hours per 168 hour week.
The level and variability of capital utilization has important implications for understanding ...
This study is the first to provide a systematic measure of bribery using micro-level data on
reported earnings, household spending and asset holdings. We use the compensating
differential framework and the estimated sectoral gap in reported earnings and ...
Zusammenfassung: Using a unique, large panel of German firms, we examine whether
participation in business groups reduces the sensitivity of investment to cash flow. The main
finding is that the reduction in the sensitivity is small for small firms and negligible for ...
Y Gorodnichenko, J Martinez-Vazquez… - … Program Working Paper …, 2007 - aysps.gsu.edu
Abstract We use detailed micro-level data on consumption and income for a 1998-2004
panel of Russian households to study the effects of the flat income tax reform in 2001. We
show that the gap between household expenditures and reported income is a meaningful ...
Abstract We construct key household and individual economic variables using a panel micro
data set from the Russia Longitudinal Monitoring Survey (RLMS) for 1994-2005. We analyze
cross-sectional income and consumption inequality and find that inequality decreased ...
Abstract: With positive trend inflation, the Taylor principle is not enough to guarantee a
determinate equilibrium. We provide new theoretical results on restoring determinacy in
New Keynesian models with positive trend inflation and combine these with new empirical ...
If you experience problems downloading a file, check if you have the proper application to view
it first. Information about this may be contained in the File-Format links below. In case of further
problems read the IDEAS help page. Note that these files are not on the IDEAS site. ...
We study the effects of positive steady-state inflation in New Keynesian models subject to
the zero bound on interest rates. We derive the utility-based welfare loss function taking into
account the effects of positive steady-state inflation and solve for the optimal level of ...
S Ng… - Ann Arbor - papers.ssrn.com
Abstract: Dynamic Stochastic General Equilibrium (DSGE) models are often solved and
estimated under specific assumptions as to whether the exogenous variables are difference
or trend stationary. However, even mild departures of the data generating process from ...
V Bilotkach,
Y Gorodnichenko… - University of East Anglia …, 2010 - elsa.berkeley.edu
1 According to T-100 dataset of the US Department of Transportation, total capacity (in terms
of number of seats offered by the commercial airlines in connection with their scheduled
services within the United States) increased across all three area airports from April to ...
We use firm-level data and national input-output tables from 17 countries over the 2002-
2005 period to test new and existing hypotheses about the impact of foreign direct
investment (FDI) on the efficiency of domestic firms in the host country (ie, spillovers). ...
Zusammenfassung: Using a sample of fare quotes for non-stop travel from New York to
London, this paper investigates the dynamics of offered fares as the departure date nears.
We find that the general trend is toward fare increase at an accelerated rate as the ...
This paper examines micro-level channels of how financial development can affect
macroeconomic outcomes such as the level of income and export intensity. Specifically, the
paper investigates theoretically and empirically how financial constraints affect a firm's ...
J Silvia, W Fargo, O Coibion… - 2012 - interdependence.org
Abstract We study the effects and historical contribution of monetary policy shocks to
consumption and income inequality in the United States. Contractionary monetary policy
actions systematically increase inequality in labor earnings, total income, consumption ...
We construct an endogenous growth model that includes a cultural variable along the
dimension of individualism-collectivism. The model predicts that more individualism leads to
more innovation because of the social rewards associated with innovation in an ...
Y Gorodnichenko, G Yegor… - EERC Working Paper …, 2006 - econpapers.repec.org
Empirical evidence suggests that Ukrainian ferrous metal industry exhibits extremely low
capacity utilization rates. This project seeks to explain this phenomenon within the
framework of the property rights approach. A solution to the problem is proposed via ...
Abstract Using micro-level data, we examine the effects of Russia's 2001 flat rate income tax
reform on consumption, income, and tax evasion. We use the gap between household
expenditures and reported earnings as a proxy for tax evasion with data from a household ...
JA Powell, D Ahn, B DeLong… - STAINED GLASS- …, 1997 - econ.berkeley.edu
*** PAPERS WILL BE AVAILABLE IN 611 EVANS HALL UNLESS NOTED OTHERWISE *** ALL
SEMINARS ARE OPEN TO THE PUBLIC. ANYONE INTERESTED IS INVITED. We ask that individuals
requesting sign language interpreters or listening devices make their requests to the ...
[CITATION] Monetary Policy When Potential Output Is Uncertain: Understanding the Growth Gamble of the 1990s
Y Gorodnichenko, J Svejnar… - Foreign direct investment …, 2007 - books.google.com
For most of the post-World War II period, official foreign assistance exceeded private capital
flows to developing countries. However, the capital account liberalization that has taken
place around the world in the last two decades has brought about a reversal: in each year ...
K Sabirianova Peter… - CEPR Discussion Paper …, 2006 - papers.ssrn.com
Abstract: This study is the first to provide a systematic measure of bribery using micro-level
data on reported earnings, household spending and asset holdings. We use the
compensating differential framework and the estimated sectoral gap in reported earnings ...
[CITATION] How do airlines set the fares?
[CITATION] The Finnish Depression: From Russia WITH LOVE
D Schäfer,
Y Gorodnichenko… - Discussion Papers of DIW …, 2006 - ideas.repec.org
Using a unique, large panel of German firms, we examine whether participation in business
groups reduces the sensitivity of investment to cash flow. The main finding is that the
reduction in the sensitivity is small for small firms and negligible for medium and large ...
Abstract: We analyze impact of the freeway interchange collapse in San Francisco Bay area
on difference in airfare quotes for travel into the area's three main airports. The incident
temporarily made Oakland airport a less attractive choice for traveling to San Francisco, so ...
Abstract We analyze the cross-sectional and time series behavior of some key household
and individual economic variables using the panel micro data from the Russia Longitudinal
Monitoring Survey for 1994-2005. We compare our results to the official statistics and find ...
[CITATION] TAX EVASION AND REAL-SIDE EFFECTS OF FLAT TAX: LESSONS FROM THE RUSSIAN TAX REFORM
[CITATION] Globalization, COMPETITION and Innovation in Emerging Markets
YGJSK Terrell
Abstract: In this paper, we survey our recent work showing theoretically and empirically a
link between individualist culture on one hand and long run growth and innovation. The
individualism-collectivism cultural dimension is the only one that has a robust effect on ...
[CITATION] University of Michigan October 22, 2006 JOB MARKET PAPER
The second chapter develops a theoretical, micro-founded model of pricing decisions and acquisition
of information to explain the delayed response of inflation to nominal shocks as well as other
facts about pricing at both the macro and micro levels. This model provides an ...
How long will US interest rates remain so low? This column argues that estimates using the
1993 Taylor rule are concentrating on the output gap, whereas in reality the Fed places
much greater emphasis on output growth. Using an updated Taylor rule, this column ...
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