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Title
Author(s)
Year
Gene Grossman
2016
The evidence for the United States points to balanced growth despite falling investment-good prices and an elasticity of substitution between capital and labor less than one. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa's ...
2015
Alan Krueger September, 2015 Industrial Relations: A Journal of Economy and Society 54(4) Employment Macroeconomics Economics and Finance Labor Economics Download File External Link ...
Marc Fleurbaey
2015
The common practice consists in using a unique value of the discount rate for all public investments. Endorsing a social welfare approach to discounting, we show how different public investments should be discounted depending on: the risk on the returns ...
Marc Fleurbaey
2015
This paper questions the distinction between egalitarianism and prioritarianism, arguing that it is important to separate the reasons for particular social preferences from the contents of these preferences, that it is possible to like equality and ...
2015
Alan Krueger attempts to understand what went wrong in the US job market in the 2000s and why job growth slowed down even before the Great Recession that began in 2008. Because Canada is similar to the United States in terms of geography, technology, ...
Gene Grossman
2015
How does globalization affect economic growth? We discuss mechanisms that link international integration to the incentives for knowledge accumulation and the efficacy of that process. First, integration facilitates the flow of knowledge across national ...
Carles Boix
2015
Carles Boix April, 2015 in The Politics of Advanced Capitalism, eds. Pablo Beramendi, Silja Hausermann, Herbert Kitschelt, Hanspeter Kriesi (New York, Cambridge University Press, 2015) Development Macroeconomics Domestic Politics Economics and Finance ...
2015
This paper reviews some of the most prominent asset price bubbles from the past 400 years and documents how central banks (or other institutions) reacted to those bubbles. The historical evidence suggests that the emergence of bubbles is often preceded or ...
Alan Blinder
2015
This article comes in three parts. Part 1 reviews a few pertinent facts about the stunning economic events that have occurred in the United States (and elsewhere) since 2007. The author chose these particular facts from among many for their relevance to ...
2015
The rescue of the US automobile industry amid the 2008-2009 recession and financial crisis was a consequential, controversial, and difficult decision to make at a fraught moment for the US economy. Both of us were involved in the decision process at the ...
Gene Grossman
2015
Paul Romer (1986, 1990) ve Robert Lucas (1988)’in makaleleri bize; ölçeğe göre artan getirilerin mevcut olduğu bir ekonomik ortamda yatırım gerçekleştiğinde, sermayenin marjinal ürününün iskonto oranına göre zamanla düşmesi gerekmediğini hatırlatmıştır. ...
Atif Mian
2015
Academic research, government inquiries, and press accounts show extensive mortgage fraud during the housing boom of the mid-2000s. We explore a particular type of mortgage fraud: the overstatement of income on mortgage applications. We define “income ...
2015
This paper develops a dynamic two-country neoclassical stochastic growth model with incomplete markets. Short-term credit flows can be excessive and reverse suddenly. The equilibrium outcome is constrained inefficient due to pecuniary externalities. First ...
Gene Grossman
2015
We study patterns of foreign direct investment (FDI) in a multi-country world economy. We develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to ...
2015
I think it is fair to say that no French writer save Alexis de Tocqueville has been more influential in the United States than Thomas Piketty, director of studies at the elite Écoles des Hautes Études en Sciences Sociales in Paris and, most important here ...
Carles Boix
2014
We reassess the literature of growth by looking at the evolution of the European economy from around 1200 to 1900. Employing a comprehensive dataset for the European continent that includes geographic and climate features (1200-1800), urbanization data ...
2014
This paper proposes a welfare criterion for economies in which agents have heterogeneously distorted beliefs. Instead of taking a stand on whose belief is correct, our criterion asserts that an allocation is belief-neutral efficient (inefficient) if it is ...
Alexandre Mas
2014
This paper asks whether disclosing wages to the public changes wage setting at the top of the public sector income distribution. I evaluate a 2010 California mandate that required cities to submit municipal salaries to the State, to be posted on a public ...
2014
We investigate the role of dynamic production inputs and their associated adjustment costs in shaping the dispersion of static measures of capital misallocation within industries (and countries). Across nine data sets spanning 40 countries, we find that ...
Alexandre Mas
2014
This paper documents that rotation group bias — the tendency for labor force statistics to vary systematically by month in sample in labor force surveys — in the Current Population Survey (CPS) has worsened considerably over time. The estimated ...

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