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You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:red:issued. See <A HREF="/corrections.html">general information</A> about how to correct material in RePEc. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Zimmermann (email available below). General contact details of provider: <A HREF="https://edirc.repec.org/data/sedddea.html" target="_blank" style="word-break:break-all;">https://edirc.repec.org/data/sedddea.html </A>. <div id="viewemail"> <form id="emailForm" action="/cgi-bin/getemail.cgi" method="POST"> <input type="hidden" name="handle" value="repec:red:issued:m"> <div id="captcha_container"></div> <input type="submit" value="View email address"> </form> <script src="https://www.google.com/recaptcha/api.js?onload=loadCaptcha&render=explicit" async defer></script> <div id="emailResponse"></div> </div> </div> <div class="tab-pane fade show active" id="content" role="tabpanel" aria-labelledby="content-tab"> <h2>Content</H2> <h3>April 2025, Volume 56</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 101258 <A HREF="/a/red/issued/22-229.html">"Aggregate Fluctuations and the Role of Trade Credit</A> by Lin Shao <LI class="list-group-item downgate"> 101260 <A HREF="/a/red/issued/23-118.html">Monetary policy stabilization in a new Keynesian model under climate change</A> by George Economides & Anastasios Xepapadeas </UL></div> <h3>January 2025, Volume 55</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 101239 <A HREF="/a/red/issued/21-204.html">One Rule Fits All? Heterogeneous Fiscal Rules for Commodity Exporters When Price Shocks Can Be Persistent: Theory and Evidence</A> by Arthur Mendes & Steven Pennings <LI class="list-group-item downgate"> 101241 <A HREF="/a/red/issued/24-14.html">Monetary Non-Neutrality in a Multisector Economy: The Role of Risk-Sharing</A> by Jae Won Lee & Seunghyeon Lee <LI class="list-group-item downgate"> 101252 <A HREF="/a/red/issued/22-202.html">Cyclical Worker Flows: Cleansing vs. Sullying</A> by John Haltiwanger & Henry Hyatt & Erika McEntarfer & Matthew Staiger <LI class="list-group-item downgate"> 101253 <A HREF="/a/red/issued/23-17.html">Home Construction Financing and Search Frictions in the Housing Market</A> by Miroslav Gabrovski & Victor Ortego-Marti <LI class="list-group-item downgate"> 101254 <A HREF="/a/red/issued/23-27.html">Mergers, Firm Size, and Volatility in a Granular Economy</A> by Jackie M. L. Chan & Han (Steffan) Qi <LI class="list-group-item downgate"> 101255 <A HREF="/a/red/issued/24-54.html">Migration Spillovers Within Families: Evidence from Thailand</A> by Travis Baseler <LI class="list-group-item downgate"> 101257 <A HREF="/a/red/issued/24-41.html">A Job Ladder Model of Executive Compensation</A> by Bo Hu </UL></div> <h3>October 2024, Volume 54</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downfree"> 101232 <A HREF="/a/red/issued/18-452.html">Public wages, public employment, and business cycle volatility: Evidence from U.S. metro areas</A> by Claire Boeing-Reicher & Vincenzo Caponi <LI class="list-group-item downgate"> 101233 <A HREF="/a/red/issued/24-39.html">Real-time forward-looking skewness over the business cycle</A> by Ian Dew-Becker <LI class="list-group-item downgate"> 101234 <A HREF="/a/red/issued/22-216.html">Shocks to Inflation Expectations</A> by Jonathan Adams & Philip Barrett <LI class="list-group-item downgate"> 101235 <A HREF="/a/red/issued/20-335.html">The Macroeconomics of Hedging Income Shares</A> by Adriana Grasso & Juan Passadore & Facundo Piguillem <LI class="list-group-item downgate"> 101236 <A HREF="/a/red/issued/23-96.html">Coordinating in Financial Crises</A> by Caio Machado <LI class="list-group-item downgate"> 101237 <A HREF="/a/red/issued/23-94.html">Filtering economic time series: On the cyclical properties of Hamiltonâ€™s regression filter and the Hodrick-Prescott filter</A> by Yves Schueler <LI class="list-group-item downgate"> 101238 <A HREF="/a/red/issued/23-48.html">Immigration, Legal Status and Fiscal Impact</A> by Andri Chassamboulli & Xiangbo Liu <LI class="list-group-item downgate"> 101240 <A HREF="/a/red/issued/23-89.html">A Unified Approach to Determinacy Conditions with Regime Switching</A> by Jean Barthelemy & Seonghoon Cho & Magali Marx </UL></div> <h3>July 2024, Volume 53</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downfree"> 1-46 <A HREF="/a/red/issued/23-116.html">Information acquisition and price discrimination in dynamic, decentralized markets</A> by Michael Choi & Guillaume Rocheteau <LI class="list-group-item downfree"> 47-70 <A HREF="/a/red/issued/22-175.html">Are Zero-Covid Policies Optimal?</A> by Andrew Abel & Stavros Panageas <LI class="list-group-item downgate"> 71-122 <A HREF="/a/red/issued/23-66.html">Bubbly Booms and Welfare</A> by Feng Dong & Yang Jiao & Haoning Sun <LI class="list-group-item downgate"> 123-146 <A HREF="/a/red/issued/22-237.html">Training and Search On the Job</A> by Rasmus Lentz & Nicolas Roys <LI class="list-group-item downgate"> 147-172 <A HREF="/a/red/issued/23-104.html">Input Delays, Firm Dynamics, and Misallocation in Sub-Saharan Africa</A> by Idossou Marius Adom & Immo Schott <LI class="list-group-item downgate"> 173-193 <A HREF="/a/red/issued/24-33.html">Optimal Unemployment Insurance in a THANK Model</A> by Stephane Auray & Aurelien Eyquem <LI class="list-group-item downgate"> 194-223 <A HREF="/a/red/issued/23-168.html">Expectations and the Neutrality of Interest Rates</A> by John Cochrane <LI class="list-group-item downgate"> 224-282 <A HREF="/a/red/issued/22-80.html">Social Optimal Search Intensity in Over-the-Counter Markets</A> by Shuo Liu </UL></div> <h3>April 2024, Volume 52</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 1-20 <A HREF="/a/red/issued/23-26.html">Blocking Patents, Rent Protection and Economic Growth"</A> by Michael Klein & Yibai Yang <LI class="list-group-item downgate"> 21-45 <A HREF="/a/red/issued/22-128.html">Optimal Taxation in the Life Cycle with Human Capital Investment</A> by Been-Lo Chen & Fei-Chi Liang <LI class="list-group-item downgate"> 46-63 <A HREF="/a/red/issued/21-30.html">Changing Marital Transitions and Homeownership Among Young Households</A> by Minsu Chang <LI class="list-group-item downgate"> 64-69 <A HREF="/a/red/issued/23-182.html">Revisiting Speculative Hyperinflations in Monetary Models: A Rejoinder</A> by Behzad Diba & Olivier Loisel <LI class="list-group-item downgate"> 70-83 <A HREF="/a/red/issued/23-113.html">Building the City Under Financial Frictions</A> by David Gomtsyan <LI class="list-group-item downgate"> 84-109 <A HREF="/a/red/issued/20-365.html">Unmarried Births: Accounting and Equilibrium Analysis"</A> by John Kennes & John Knowles </UL></div> <h3>December 2023, Volume 51</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downfree"> 1-15 <A HREF="/a/red/issued/20-424.html">The fundamental surplus revisited</A> by Bingsong Wang <LI class="list-group-item downgate"> 16-38 <A HREF="/a/red/issued/22-118.html">Agency Frictions, Managerial Compensation, and Disruptive Innovations</A> by Murat Alp Celik & Xu Tian <LI class="list-group-item downgate"> 39-59 <A HREF="/a/red/issued/21-100.html">Heterogeneous Spillovers of Housing Credit Policy</A> by Myroslav Pidkuyko <LI class="list-group-item downfree"> 60-76 <A HREF="/a/red/issued/22-104.html">The Extent of Downward Nominal Wage Rigidity: New Evidence from Payroll Data</A> by Daniel Schaefer & Carl Singleton <LI class="list-group-item downgate"> 77-116 <A HREF="/a/red/issued/21-170.html">Reassessing Trade Barriers with Global Production Networks</A> by Yuko Imura <LI class="list-group-item downfree"> 117-137 <A HREF="/a/red/issued/21-230.html">The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation</A> by Lukas Freund & Hanbaek Lee & Pontus Rendahl <LI class="list-group-item downgate"> 138-160 <A HREF="/a/red/issued/20-509.html">Wage Dispersion with Heterogeneous Wage Contracts</A> by Cynthia Doniger <LI class="list-group-item downgate"> 161-176 <A HREF="/a/red/issued/20-403.html">Misallocation and Markups: Evidence from Indian Manufacturing</A> by Yan Liang <LI class="list-group-item downgate"> 177-198 <A HREF="/a/red/issued/21-62.html">Misallocation and Intersectoral linkages</A> by Sophie Osotimehin & Latchezar Popov <LI class="list-group-item downgate"> 199-225 <A HREF="/a/red/issued/22-86.html">Global GDSGE Models</A> by Dan Cao & Wenlan Luo & Guangyu Nie <LI class="list-group-item downgate"> 226-266 <A HREF="/a/red/issued/19-7.html">Retirement Timing Uncertainty: Empirical Evidence and Quantitative Evaluation</A> by Frank Caliendo & Maria Casanova & Aspen Gorry & Sita Nataraj Slavov <LI class="list-group-item downgate"> 267-291 <A HREF="/a/red/issued/22-107.html">General Equilibrium with Multiple Liquid Assets</A> by Lukas Altermatt & Kohei Iwasaki & Randall Wright <LI class="list-group-item downgate"> 292-321 <A HREF="/a/red/issued/21-29.html">When to Lock, Not Whom: Managing Epidemics Using Time-Based Restrictions</A> by Yinon Bar-On & Tatiana Baron & Ofer Cornfeld & Eran Yashiv <LI class="list-group-item downgate"> 322-342 <A HREF="/a/red/issued/20-293.html">Financial constraints and economic development: the role of firm productivity investment</A> by Galina Vereshchagina <LI class="list-group-item downgate"> 343-369 <A HREF="/a/red/issued/22-159.html">Credit Markets, Relationship Lending, and the Dynamics of Firm Entry</A> by Qingqing Cao & Paolo Giordani & Raoul Minetti & Pierluigi Murro <LI class="list-group-item downgate"> 370-392 <A HREF="/a/red/issued/21-277.html">The Paradox of Price Flexibility in an Open Economy</A> by Daeha Cho & Kwang Hwan & Sukjoon Kim <LI class="list-group-item downgate"> 393-423 <A HREF="/a/red/issued/22-197.html">Does my model predict a forward guidance puzzle?</A> by Christopher Gibbs & Nigel McClung <LI class="list-group-item downfree"> 424-449 <A HREF="/a/red/issued/18-372.html">On the black-white gaps in labor supply and earnings over the lifecycle in the US</A> by Christopher Rauh & Aranu Valladares-Esteban <LI class="list-group-item downgate"> 450-478 <A HREF="/a/red/issued/21-348.html">Market Uncertainty and International Trade</A> by Haichao Fan & Guangyu Nie & Zhiwei Xu <LI class="list-group-item downgate"> 479-505 <A HREF="/a/red/issued/21-129.html">Revisiting Capital-Skill Complementarity, Inequality, and Labor Share</A> by Lee Ohanian & Musa Orak & Shihan Shen <LI class="list-group-item downgate"> 506-520 <A HREF="/a/red/issued/22-126.html">Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis</A> by Yasufumi Gemma & Takushi Kurozumi & Mototsugu Shintani <LI class="list-group-item downgate"> 521-546 <A HREF="/a/red/issued/21-242.html">Identifying Preferences when Households are Financially Constrained</A> by Andreas Tryphonides <LI class="list-group-item downgate"> 547-578 <A HREF="/a/red/issued/21-231.html">Accounting for Limited Commitment between Spouses when Estimating Labor-Supply</A> by Christian Bredemeier & Jan Gravert & Falko Juessen <LI class="list-group-item downgate"> 579-603 <A HREF="/a/red/issued/22-55.html">Rescue policies for small businesses in the Covid-19 recession</A> by Alessandro Di Nola & Leo Kaas & Haomin Wang <LI class="list-group-item downgate"> 604-632 <A HREF="/a/red/issued/22-136.html">Money Laundering and the Privacy Design of Central Bank Digital Currency</A> by Zijian Wang <LI class="list-group-item downgate"> 633-656 <A HREF="/a/red/issued/23-10.html">Low safe interest rates: A case for dynamic inefficiency?</A> by Gaetano Bloise & Pietro Reichlin <LI class="list-group-item downgate"> 657-676 <A HREF="/a/red/issued/21-297.html">The Preferential Treatment of Green Bonds</A> by Francesco Giovanardi & Matthias Kaldorf & Lucas Radke & Florian Wicknig <LI class="list-group-item downgate"> 677-697 <A HREF="/a/red/issued/21-319.html">Incarceration, Employment and Earnings: Dynamics and Differences</A> by Grey Gordon & John B. Jones & Urvi Neelakantan & Kartik Athreya <LI class="list-group-item downgate"> 698-715 <A HREF="/a/red/issued/21-145.html">Slow Recoveries, Endogenous Growth and Macro-prudential Policy</A> by Dario Bonciani & David Gauthier & Derrick Kanngiesser <LI class="list-group-item downgate"> 716-746 <A HREF="/a/red/issued/22-92.html">Fiscal Policy and the Monetary Transmission Mechanism</A> by Nicolas Caramp & Dejanir Silva <LI class="list-group-item downgate"> 747-777 <A HREF="/a/red/issued/21-334.html">Optimal GDP-indexed Bonds</A> by Yasin Kursat Onder <LI class="list-group-item downgate"> 778-794 <A HREF="/a/red/issued/22-114.html">Climate Policy, Financial Frictions, and Transition Risk</A> by Stefano Carattini & Garth Heutel & Givi Melkadze <LI class="list-group-item downgate"> 795-812 <A HREF="/a/red/issued/21-132.html">Demand, Growth, and Deleveraging</A> by Brian Greaney & Conor Walsh <LI class="list-group-item downgate"> 813-846 <A HREF="/a/red/issued/23-112.html">Marginal Propensity to Consume and Unemployment: a Meta-analysis</A> by Anna Sokolova <LI class="list-group-item downgate"> 847-866 <A HREF="/a/red/issued/23-61.html">Optimal Income Taxation: An Urban Economics Perspective</A> by Mark Huggett & Wenlan Luo <LI class="list-group-item downgate"> 867-887 <A HREF="/a/red/issued/23-43.html">Inflation Gap Persistence, Indeterminacy, and Monetary Policy</A> by Yasuo Hirose & Takushi Kurozumi & Wille Van Zandweghe <LI class="list-group-item downgate"> 888-914 <A HREF="/a/red/issued/22-78.html">Bequest Motives and the Social Security Notch</A> by Siha Lee & Kegon Teng Kok Tan <LI class="list-group-item downfree"> 915-942 <A HREF="/a/red/issued/21-247.html">Invariance of Unemployment and Vacancy Dynamics with Respect to Diminishing Returns to Labor at the Firm Level</A> by Bjoern Bruegemann <LI class="list-group-item downgate"> 943-964 <A HREF="/a/red/issued/22-20.html">Capital and Labor Taxes with Costly State Contingency</A> by Alex Clymo & Andrea Lanteri & Alessandro Villa <LI class="list-group-item downgate"> 965-990 <A HREF="/a/red/issued/21-346.html">Dynamic Bank Capital Regulation in the Presence of Shadow Banks</A> by Arsenii Mishin <LI class="list-group-item downgate"> 991-1011 <A HREF="/a/red/issued/22-100.html">The costs of macroprudential deleveraging in a liquidity trap"</A> by Jiaqian Chen & Daria Finocchiaro & Jesper Linde & Karl Walentin <LI class="list-group-item downfree"> 1012-1035 <A HREF="/a/red/issued/21-87.html">A Bayesian DSGE Approach to Modelling Cryptocurrency"</A> by Stylianos Asimakopoulos & Marco Lorusso & Francesco Ravazzolo <LI class="list-group-item downgate"> 1036-1047 <A HREF="/a/red/issued/21-102.html">Welfare-enhancing inflation and liquidity premia</A> by David Andolfatto & Fernando Martin <LI class="list-group-item downgate"> 1048-1094 <A HREF="/a/red/issued/21-360.html">Contract Enforcement and Preventive Healthcare: Theory and Evidence</A> by Shiv Dixit <LI class="list-group-item downgate"> 1095-1113 <A HREF="/a/red/issued/23-196.html">Intertemporal Substitution in Labor Supply: A Meta-Analysis</A> by Ali Elminejad & Tomas Havranek & Roman Horvath & Zuzana Irsova <LI class="list-group-item downgate"> 1114-1158 <A HREF="/a/red/issued/21-169.html">Business Ownership and the Secondary Market</A> by Zachary Mahone <LI class="list-group-item downgate"> 1159-1184 <A HREF="/a/red/issued/23-105.html">Revisiting Taxes on High Incomes</A> by Ayse Imrohoroglu & Cagri Kumru & Jiu Lian & Arm Nakornthab </UL></div> <h3>October 2023, Volume 50</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 1-5 <A HREF="/a/red/issued/23-174.html">Introduction to the Special Issue in Memory of Thomas F. Cooley</A> by Jeremy Greenwood & Nezih Guner & Loukas Karabarbounis & Lee Ohanian <LI class="list-group-item downgate"> 6-27 <A HREF="/a/red/issued/23-159.html">CEO Compensation: Facts</A> by Gian Luca Clementi & Thomas Cooley <LI class="list-group-item downgate"> 28-42 <A HREF="/a/red/issued/23-140.html">Information Acquisition and Rating Agencies</A> by Harold Cole & Thomas Cooley <LI class="list-group-item downfree"> 43-60 <A HREF="/a/red/issued/23-154.html">Cross-Phenomenon Restrictions: Unemployment Effects of Layoff Costs and Quit Turbulence</A> by Isaac Baley & Lars Ljunqvist & Thomas Sargent <LI class="list-group-item downfree"> 61-87 <A HREF="/a/red/issued/23-160.html">Labor supply when productivity keeps growing</A> by Timo Boppart & Per Krusell & Jonna Olsson <LI class="list-group-item downgate"> 88-105 <A HREF="/a/red/issued/23-161.html">Demographic Change, Government Debt and Fiscal Sustainability in Japan: The Impact of Bond Purchase by the Bank of Japan</A> by Gary Hansen & Selahattin Imrohoroglu <LI class="list-group-item downfree"> 106-130 <A HREF="/a/red/issued/23-166.html">On a Lender of Last Resort with a Central Bank and a Stability Fund</A> by Giovanni Callegari & Ramon Marimon & Adrien Wicht & Luca Zavalloni <LI class="list-group-item downgate"> 131-145 <A HREF="/a/red/issued/23-164.html">Taxes, Regulations, and the Value of U.S. Corporations: A Reassessment</A> by Ellen McGrattan <LI class="list-group-item downgate"> 146-170 <A HREF="/a/red/issued/23-144.html">The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues</A> by Nezih Guner & Martin Lopez-Daneri & Gustavo Ventura <LI class="list-group-item downgate"> 171-210 <A HREF="/a/red/issued/23-146.html">The Expansion of Varieties in the New Age of Advertising</A> by Salome Baslandze & Jeremy Greenwood & Ricardo Marto & Sara Moreira <LI class="list-group-item downgate"> 211-234 <A HREF="/a/red/issued/23-157.html">Growth through learning</A> by Boyan Jovanovic & Sai Ma <LI class="list-group-item downgate"> 235-266 <A HREF="/a/red/issued/23-158.html">More Unequal We Stand? Inequality Dynamics in the United States, 1967â€“2021</A> by Jonathan Heathcote & Fabrizio Perri & Giovanni Violante & Lichen Zhang <LI class="list-group-item downgate"> 267-290 <A HREF="/a/red/issued/23-143.html">Accounting for the Duality of the Italian Economy</A> by Jesus Fernandez-Villaverde & Dario Laudati & Lee Ohanian & Vincenzo Quadrini </UL></div> <h3>July 2023, Volume 49</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 1-36 <A HREF="/a/red/issued/22-72.html">The Strategic Determination of the Supply of Liquid Assets</A> by Athanasios Geromichalos & Lucas Herrenbrueck & Sukjoon Lee <LI class="list-group-item downgate"> 37-57 <A HREF="/a/red/issued/20-377.html">Indeterminacy and Imperfect Information</A> by Thomas Lubik & Christian Matthes & Elmar Mertens <LI class="list-group-item downgate"> 58-76 <A HREF="/a/red/issued/21-141.html">Employer Reallocation During the COVID-19 Pandemic: Validation and Application of a Do-It-Yourself CPS</A> by Alexander Bick & Adam Blandin <LI class="list-group-item downgate"> 77-98 <A HREF="/a/red/issued/21-153.html">The promises (and perils) of control-contingent forward guidance</A> by He Nie & Jordan Roulleau-Pasdeloup <LI class="list-group-item downgate"> 99-122 <A HREF="/a/red/issued/20-112.html">Commitment versus Flexibility and Sticky Prices: Evidence from Life Insurance</A> by Radoslaw Paluszynski & Pei Cheng Yu <LI class="list-group-item downgate"> 123-146 <A HREF="/a/red/issued/18-253.html">The welfare effects of tax progressivity with frictional labor markets</A> by Alessandra Pizzo <LI class="list-group-item downgate"> 147-180 <A HREF="/a/red/issued/21-316.html">On the Coexistence of Cryptocurrency and Fiat Money</A> by Zhixiu Yu <LI class="list-group-item downgate"> 181-200 <A HREF="/a/red/issued/21-244.html">Should Monetary Policy Target Financial Stability</A> by William Chen & Gregory Phelan <LI class="list-group-item downgate"> 201-224 <A HREF="/a/red/issued/21-77.html">Long-Term Care Needs and Savings in Retirement</A> by Jesus Bueren <LI class="list-group-item downgate"> 225-250 <A HREF="/a/red/issued/21-185.html">Individual Earnings and Family Income: Dynamics and Distribution</A> by Joseph Altonji & Disa Hynsjo & Ivan Vidangos <LI class="list-group-item downgate"> 251-268 <A HREF="/a/red/issued/20-123.html">The Fall of the Labor Income Share: the Role of Technological Change and Hiring Frictions</A> by Francesco Carbonero & Christian Offermans & Enzo Weber <LI class="list-group-item downfree"> 269-311 <A HREF="/a/red/issued/20-457.html">Diffusion of Ideas in Networks with Endogenous Search</A> by Has van Vlokhoven <LI class="list-group-item downgate"> 312-350 <A HREF="/a/red/issued/21-308.html">Regional Divergence and House Prices</A> by Greg Howard & Jack Liebersohn <LI class="list-group-item downgate"> 351-373 <A HREF="/a/red/issued/20-49.html">Disability Insurance and the Effects of Return-to-work Policies</A> by Chiara Dal Bianco </UL></div> <h3>April 2023, Volume 48</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 1-17 <A HREF="/a/red/issued/22-139.html">r Minus g</A> by Robert Barro <LI class="list-group-item downgate"> 18-44 <A HREF="/a/red/issued/19-494.html">Skill-Biased Entrepreneurial Decline</A> by Helu Jiang & Faisal Sohail <LI class="list-group-item downgate"> 45-71 <A HREF="/a/red/issued/20-16.html">Aggregate Implications of Financial Frictions for Unemployment</A> by Feng Dong <LI class="list-group-item downgate"> 72-106 <A HREF="/a/red/issued/20-423.html">The Role of Dispersed Information in Inflation and Inflation Expectations</A> by Zhao Han & Xiaohan Ma & Ruoyun Mao <LI class="list-group-item downgate"> 107-131 <A HREF="/a/red/issued/18-205.html">Long-Term Sovereign Debt: A Steady State Analysis</A> by Zachary Stangebye <LI class="list-group-item downgate"> 132-157 <A HREF="/a/red/issued/21-40.html">The Firm Size-Leverage Relationship and Its Implications for Entry and Business Concentration</A> by Satyajit Chatterjee & Burcu Eyigungor <LI class="list-group-item downgate"> 158-177 <A HREF="/a/red/issued/20-201.html">Non-Traded Goods, Factor Markets Frictions, and International Capital Flows</A> by Jacek Rothert & Jacob Short <LI class="list-group-item downgate"> 178-201 <A HREF="/a/red/issued/21-201.html">Product Innovation, Diffusion and Endogenous Growth</A> by Michael Klein & Fuat Sener <LI class="list-group-item downgate"> 202-243 <A HREF="/a/red/issued/21-136.html">Unemployment Risk, Consumption Dynamics, and the Secondary Market for Durable Goods</A> by Boris Chafwehe <LI class="list-group-item downgate"> 244-264 <A HREF="/a/red/issued/20-111.html">Global Demand for Basket Backed Stablecoins</A> by Garth Baughman & Jean Flemming <LI class="list-group-item downgate"> 265-296 <A HREF="/a/red/issued/21-236.html">Rationally Inattentive Monetary Policy</A> by Joshua Bernstein & Rupal Kamdar <LI class="list-group-item downgate"> 297-319 <A HREF="/a/red/issued/20-358.html">Knowledge, Germs and Output</A> by Shouyong Shi <LI class="list-group-item downgate"> 320-344 <A HREF="/a/red/issued/21-214.html">Social Security Reform with Heterogeneous Mortality</A> by John Bailey Jones & Yue Li <LI class="list-group-item downgate"> 345-376 <A HREF="/a/red/issued/20-229.html">Human Capital and the Business Cycle Effects on the Postgraduate Wage Premium</A> by Ran Gu </UL></div> <h3>January 2023, Volume 47</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 1-18 <A HREF="/a/red/issued/18-378.html">Stock Market Participation: The Role of Human Capital</A> by Kartik Athreya & Felicia Ionescu & Urvi Neelakantan <LI class="list-group-item downgate"> 19-46 <A HREF="/a/red/issued/20-480.html">Re-use of collateral: Leverage, volatility, and welfare</A> by Johannes Brumm & Michael Grill & Felix Kubler & Karl Schmedders <LI class="list-group-item downgate"> 47-66 <A HREF="/a/red/issued/20-136.html">Firm Entry and Exit during Recessions</A> by Joao Ayres & Gajendran Raveendranathan <LI class="list-group-item downgate"> 67-99 <A HREF="/a/red/issued/19-500.html">Asset Market Frictions, Household Heterogeneity, and the Liquidity Theory of the Term Structure</A> by Chien-Chiang Wang <LI class="list-group-item downgate"> 100-110 <A HREF="/a/red/issued/21-90.html">Bank Runs and the Optimality of Limited Banking</A> by James Peck & Abolfazi Setayesh <LI class="list-group-item downgate"> 111-130 <A HREF="/a/red/issued/20-216.html">Labor Adjustment and Productivity in the OECD</A> by Maarten Dossche & Andrea Gavazzi & Vivien Lewis <LI class="list-group-item downgate"> 131-157 <A HREF="/a/red/issued/20-172.html">A Rational Theory for Disposition Effects</A> by Min Dai & Yipeng Jiang & Hong Liu & Jing Xu <LI class="list-group-item downgate"> 158-185 <A HREF="/a/red/issued/21-71.html">Informal Labor Markets in Times of Pandemic</A> by Gustavo Leyva & Carlos Urrutia <LI class="list-group-item downgate"> 186-203 <A HREF="/a/red/issued/20-262.html">Asset Price Bubbles and Monetary Policy: Revisiting the Nexus at the Zero Lower Bound</A> by Jacopo Bonchi <LI class="list-group-item downgate"> 204-245 <A HREF="/a/red/issued/19-279.html">Growth and Welfare Implications of Sector-Specific Innovations</A> by Ilhan Guner <LI class="list-group-item downgate"> 246-277 <A HREF="/a/red/issued/20-92.html">On the Pure Theory of Wage Dispersion</A> by Cheng Wang & Youzhi Yang <LI class="list-group-item downgate"> 278-296 <A HREF="/a/red/issued/21-105.html">Monetary Policy and Firm Dynamics</A> by Stefano Fasani & Haroon Mumtaz & Lorenza Rossi <LI class="list-group-item downgate"> 297-345 <A HREF="/a/red/issued/21-291.html">Does Product Revenue Matter for Price Setting and Monetary Policy Transmission?</A> by DongIk Kang & Andrew Usher <LI class="list-group-item downgate"> 346-372 <A HREF="/a/red/issued/21-41.html">Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism</A> by Qichun He & Yulei Luo & Jun Nie & Heng-fu Zou </UL></div> <h3>October 2022, Volume 46</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 1-26 <A HREF="/a/red/issued/21-148.html">Growth, Automation and the Long-Run Share of Labor</A> by Dilip Mookherjee & Debraj Ray <LI class="list-group-item downgate"> 27-50 <A HREF="/a/red/issued/20-442.html">Pandemic Lockdown: The Role of Government Commitment</A> by Christian Moser & Pierre Yared <LI class="list-group-item downgate"> 51-73 <A HREF="/a/red/issued/20-443.html">Nonlinear Occupations and Female Labor Supply Over Time</A> by Youngsoo Jang & Minchul Yum <LI class="list-group-item downgate"> 74-97 <A HREF="/a/red/issued/19-358.html">The Tax Cuts and Jobs Act (TCJA): A Quantitative Evaluation of Key Provisions</A> by Teegawende Zeida <LI class="list-group-item downgate"> 98-123 <A HREF="/a/red/issued/18-490.html">Fiscal Commitment and Sovereign Default Risk</A> by Siming Liu & Hewei Shen <LI class="list-group-item downgate"> 124-160 <A HREF="/a/red/issued/20-263.html">Optimal Ramsey Taxation in Heterogeneous Agent Economies with Quasi-Linear Preferences</A> by YiLi Chien & Yi Wen <LI class="list-group-item downgate"> 161-195 <A HREF="/a/red/issued/18-29.html">The Allocation of Talent: Finance versus Entrepreneurship</A> by Kirill Shakhnov <LI class="list-group-item downfree"> 196-223 <A HREF="/a/red/issued/19-66.html">Unemployment Insurance and Labour Productivity over the Business Cycle</A> by W. Similan Rujiwattanapong <LI class="list-group-item downgate"> 224-243 <A HREF="/a/red/issued/19-448.html">An Empirical Equilibrium Model of Formal and Informal Credit Markets in Developing Countries</A> by Fan Wang <LI class="list-group-item downgate"> 244-279 <A HREF="/a/red/issued/19-49a.html">Inequality in Public School Spending Across Space and Time</A> by Christopher Biolsi & Steven Craig & Amrita Dhar & Bent Sorensen <LI class="list-group-item downgate"> 280-301 <A HREF="/a/red/issued/19-50.html">The Delphic forward guidance puzzle in New Keynesian models</A> by Ippei Fujiwara & Yuichiro Waki <LI class="list-group-item downgate"> 302-327 <A HREF="/a/red/issued/18-468.html">Dynamic Effects of Educational Assortative Mating on Labor Supply</A> by Rania Gihleb & Osnat Lifshitz <LI class="list-group-item downgate"> 328-364 <A HREF="/a/red/issued/18-401.html">Understanding the Aggregate Effects of Disability Insurance</A> by Soojin Kim & Serena Rhee <LI class="list-group-item downgate"> 365-381 <A HREF="/a/red/issued/20-319.html">Saving Rates and Savings Ratios</A> by Guillermo Ordonez & Facundo Piguillem </UL></div> <h3>July 2022, Volume 45</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 1-21 <A HREF="/a/red/issued/20-44.html">A fiscal theory of monetary policy with partially repaid long-term debt</A> by John Cochrane <LI class="list-group-item downgate"> 22-40 <A HREF="/a/red/issued/20-493.html">The fiscal root of inflation</A> by John Cochrane <LI class="list-group-item downgate"> 41-54 <A HREF="/a/red/issued/21-47.html">The Effects of Land Markets on Resource Allocation and Agricultural Productivity</A> by Chaoran Chen & Diego Restuccia & Raul Santaeulalia-Llopis <LI class="list-group-item downgate"> 55-82 <A HREF="/a/red/issued/20-200.html">Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias</A> by Sebastian Gechert & Tomas Havranek & Zuzana Irsova & Dominika Kolcunova <LI class="list-group-item downgate"> 83-108 <A HREF="/a/red/issued/18-52.html">Tax Cuts in Open Economies</A> by Alejandro Cunat & Szabolcs Deak & Marco Maffezzoli <LI class="list-group-item downgate"> 109-133 <A HREF="/a/red/issued/19-55.html">Fertility and HIV Risk in Africa</A> by Yao Yao <LI class="list-group-item downgate"> 134-167 <A HREF="/a/red/issued/19-205.html">The Liquidity-Augmented Model of Macroeconomic Aggregates: A New Monetarist DSGE Approach</A> by Athanasios Geromichalos & Lucas Herrenbrueck <LI class="list-group-item downgate"> 168-186 <A HREF="/a/red/issued/20-233.html">Equilibrium foreign currency mortgages</A> by Marcin Kolasa <LI class="list-group-item downgate"> 187-216 <A HREF="/a/red/issued/19-390.html">Inequality, Disaster risk, and the Great Recession</A> by Heejeong Kim <LI class="list-group-item downfree"> 217-236 <A HREF="/a/red/issued/19-318.html">Hollowing Out and Slowing Growth: the Role of Process Innovations</A> by Wenbo Zhu <LI class="list-group-item downgate"> 237-263 <A HREF="/a/red/issued/19-252.html">The Evolution of Health over the Life Cycle</A> by Roozbei Hosseini & Karen Kopecky & Kai Zhao <LI class="list-group-item downgate"> 264-281 <A HREF="/a/red/issued/19-28.html">Manufacturing Decline and House Price Volatility</A> by Isaiah Hull & Conny Olovsson & Karl Walentin & Andreas Westermark <LI class="list-group-item downgate"> 282-321 <A HREF="/a/red/issued/20-248.html">Automation and the Future of Work: Assessing the Role of Labor Flexibility</A> by Michele Fornino & Andrea Manera <LI class="list-group-item downgate"> 322-338 <A HREF="/a/red/issued/21-63.html">Unemployment, Entrepreneurship and Firm Outcomes</A> by Joao Galindo da Fonseca </UL></div> <h3>April 2022, Volume 44</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downfree"> 1-32 <A HREF="/a/red/issued/20-490.html">Measuring Labor-Force Participation and the Incidence and Duration of Unemployment</A> by Hie Joo Ahn & James Hamilton <LI class="list-group-item downgate"> 33-64 <A HREF="/a/red/issued/19-355.html">Uncertainty and Growth Disasters</A> by Boyan Jovanovic & Sai Ma <LI class="list-group-item downgate"> 65-90 <A HREF="/a/red/issued/20-409.html">Income Volatility and Portfolio Choices</A> by Yongsung Chang & Jay Hong & Marios Karabarbounis & Yicheng Wang & Tao Zhang <LI class="list-group-item downgate"> 91-103 <A HREF="/a/red/issued/20-412.html">Cultural Attributes, Income Inequality, and Ethnic Differentials</A> by Mark Gradstein <LI class="list-group-item downgate"> 104-124 <A HREF="/a/red/issued/19-186.html">Incomplete Markets and Parental Investments in Children</A> by Brant Abbott <LI class="list-group-item downgate"> 125-151 <A HREF="/a/red/issued/18-271.html">Monetary policy and household net worth</A> by Martin Harding & Mathias Klein <LI class="list-group-item downgate"> 152-183 <A HREF="/a/red/issued/18-538.html">Immigration and Crime in Frictional Labor Markets</A> by Shiyun Zhang <LI class="list-group-item downgate"> 184-210 <A HREF="/a/red/issued/19-106.html">The U.S. Tax-Transfer System and Low-Income Households: Savings, Labor Supply, and Household Formation</A> by Salvador Ortigueira & Nawid Siassi <LI class="list-group-item downfree"> 211-224 <A HREF="/a/red/issued/20-268.html">On sovereign default with time-varying interest rates</A> by Gaetano Bloise & Yiannis Vailakis <LI class="list-group-item downgate"> 225-243 <A HREF="/a/red/issued/21-53.html">Complementarity and Macroeconomic Uncertainty</A> by Tyler Atkinson & Michael Plante & Alexander Richter & Nathaniel Throckmorton <LI class="list-group-item downgate"> 244-268 <A HREF="/a/red/issued/19-339.html">Mortgage borrowing and the boom-bust cycle in consumption and residential investment</A> by Xiaoqing Zhou <LI class="list-group-item downnone"> 269-283 <A HREF="/a/red/issued/19-98.html">Great Volatility, Great Moderation and Great Moderation Again</A> by Jakob Grazzini & Domenico Massaro <LI class="list-group-item downgate"> 284-314 <A HREF="/a/red/issued/19-289.html">Dynamics of Secured and Unsecured Debt Over the Business Cycle</A> by Paul Luk & Tianxiao Zheng <LI class="list-group-item downgate"> 315-348 <A HREF="/a/red/issued/20-278.html">Asset Bubbles and Foreign Interest Rate Shocks</A> by Jianjun Miao & Pengfei Wang & Jing Zhou </UL></div> <h3>January 2022, Volume 43</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 1-21 <A HREF="/a/red/issued/20-184.html">Testing and Reopening in an SEIR Model</A> by David Berger & Kyle Herkenhoff & Chengdai Huang & Simon Mongey <LI class="list-group-item downgate"> 22-55 <A HREF="/a/red/issued/19-127.html">Preventing Self-Fulfilling Debt Crises: A Global Games Approach</A> by Michal Szkup <LI class="list-group-item downgate"> 56-79 <A HREF="/a/red/issued/19-37.html">Heterogeneous Policy Distortions and the Labor Share</A> by Gabriel Smagghue <LI class="list-group-item downgate"> 80-92 <A HREF="/a/red/issued/18-459.html">Sales of Durable Goods and the Real Effects of Monetary Policy</A> by Wenbin Wu <LI class="list-group-item downgate"> 93-124 <A HREF="/a/red/issued/19-438.html">Firing Restrictions and Economic Resilience: Protect and Survive?</A> by Nadav Ben Zeev & Tomer Ifergane <LI class="list-group-item downgate"> 125-151 <A HREF="/a/red/issued/20-215.html">Real Estate Taxes and Home Value: Evidence from TCJA</A> by Wenli Li & Edison Yu <LI class="list-group-item downgate"> 152-167 <A HREF="/a/red/issued/19-14.html">Transmission of U.S. Monetary Policy to Commodity Exporters and Importers</A> by Myunghyun Kim <LI class="list-group-item downgate"> 168-196 <A HREF="/a/red/issued/20-43.html">Does Public Sector Employment Buffer the Minimum Wage Effects?</A> by Lucas Navarro & Mauricio Tejada <LI class="list-group-item downgate"> 197-216 <A HREF="/a/red/issued/20-507.html">The Cyclicality of Labor Force Participation Flows: The Role of Labor</A> by Isabel Cairo & Shigeru Fujita & Camilo Morales-Jimenez <LI class="list-group-item downgate"> 217-240 <A HREF="/a/red/issued/19-92.html">Education, Wage Dynamics, and Wealth Inequality</A> by Heejeong Kim <LI class="list-group-item downgate"> 241-262 <A HREF="/a/red/issued/19-52.html">Foreign Reserve Accumulation, Foreign Direct Investment, and Economic Growth</A> by Hidehiko Matsumoto <LI class="list-group-item downgate"> 263-285 <A HREF="/a/red/issued/20-370.html">R&D Dynamics and Corporate Cash Saving</A> by Xiaodan Gao & Jake Zhao <LI class="list-group-item downgate"> 286-307 <A HREF="/a/red/issued/19-128.html">Income Inequality and Stock Market Returns</A> by Agnieszka Markiewicz & Rafal Raciborski <LI class="list-group-item downgate"> 308-340 <A HREF="/a/red/issued/19-362.html">A Directed Search Model of Crowding Out</A> by Yu Chen </UL></div> <h3>October 2021, Volume 42</h3><div class="panel-body"><UL class="list-group paperlist"> <LI class="list-group-item downgate"> 1-14 <A HREF="/a/red/issued/20-237.html">The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics</A> by V. V. Chari & Rishabh Kirpalani & Christopher Phelan <LI class="list-group-item downgate"> 15-36 <A HREF="/a/red/issued/20-32.html">Technology Diffusion</A> by Nancy Stokey <LI class="list-group-item downgate"> 37-71 <A HREF="/a/red/issued/19-139.html">Learning through Coworker Referrals</A> by Albrecht Glitz & Rune Vejlin <LI class="list-group-item downgate"> 72-109 <A HREF="/a/red/issued/20-33.html">Gradual Bargaining in Decentralized Asset Markets</A> by Guillaume Rocheteau & Tai-Wei Hu & Lucie Lebeau & Younghwan In <LI class="list-group-item downgate"> 110-132 <A HREF="/a/red/issued/18-411.html">Optimal Debt Maturity and Firm Investment</A> by Joachim Jungherr & Immo Schott <LI class="list-group-item downgate"> 133-155 <A HREF="/a/red/issued/18-446.html">Short-Run Dynamics in a Search-Theoretic Model of Monetary Exchange</A> by Jonathan Chiu & Miguel Molico <LI class="list-group-item downgate"> 156-177 <A HREF="/a/red/issued/19-189.html">Taxation and Inequality: Active and Passive Channels</A> by Estelle Dauchy & Francisco Navarro-Sanchez & Nathan Seegert <LI class="list-group-item downgate"> 178-193 <A HREF="/a/red/issued/19-101.html">AIDS, Human Capital and Development</A> by Rodolfo Manuelli & Emircan Yurdagul <LI class="list-group-item downgate"> 194-238 <A HREF="/a/red/issued/18-182.html">Dynamic Optimal Fiscal Policy in a Transfer Union</A> by Till Gross <LI class="list-group-item downgate"> 239-263 <A HREF="/a/red/issued/19-313.html">Labor Market Dynamics and the Migration Behavior of Married Couples</A> by Christine Braun & Charlie Nusbaum & Peter Rupert </UL> </div> <div class="row"> <div class="col-12"> <nav> <ul class="pagination flex-wrap"> <li class="page-item inactive"><a class="page-link">«</a></li> <li class="page-item active"><a class="page-link" href="issued.html">1</a></li> <li class="page-item"><a class="page-link" href="issued2.html">2</a></li> <li class="page-item"><a class="page-link" href="issued3.html">3</a></li> <li class="page-item inactive"><a class="page-link">...</a></li> <li class="page-item"><a class="page-link" href="issued7.html">7</a></li> <li class="page-item"><a class="page-link" href="issued2.html">»</a></li> </ul> </nav> </div> </div> </div> </div> </div> </div> <div id="footer" class="row d-print-none"> <div class="col-sm-6 more-services"> <h3 style="border-bottom: 1px solid #111; 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