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Research/Working Papers

Working Papers

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Money & Banking

Optimal (Un)Conventional Monetary Policy

Andrey AlexandrovMarkus Brunnermeier
Macrofinance

Strategic Money and Credit Ledgers

Markus BrunnermeierJonathan Payne
Finance

Exchange Rates, Natural Rates, and the Price of Risk

Rohan KekreMoritz Lenel
Labor Economics

After 40 Years, How Representative Are Labor Market Outcomes in the NLSY79?

Alexander BickAdam BlandinRichard Rogerson
Political Economy

Measuring Information Frictions in Migration Decisions: A Revealed-Preference Approach

Thomas FujiwaraEduardo MoralesCharly Porcher
Health Economics

Patient Costs and Physicians’ Information

Michael J. DicksteinJihye JeonEduardo Morales
Finance

Asset Demand of U.S. Households

Xavier GabaixRalph S. J. KoijenFederico MainardiSangmin OhMotohiro Yogo
International Trade

Neoclassical Growth in an Interdependent World

Benny KleinmanErnest LiuStephen J. ReddingMotohiro Yogo
Urban and Spatial Economics

Slavery and the British Industrial Revolution

Stephan HeblichStephen J. ReddingHans-Joachim Voth
Macroeconomics

Micro Risks and Pareto Improving Policies

Mark A. Aguiar Manuel AmadorCristina Arellano
Urban and Spatial Economics

The Economics of Cities: From Theory to Data

Stephen J. Redding
Finance

Platforms, Tokens, and Interoperability

Markus BrunnermeierJonathan Payne
Finance

Who Can Tell Which Banks Will Fail?

Kristian BlickleMarkus BrunnermeierStephan Luck

Self-Fulfilling Debt Crises, Revisited

Mark A. AguiarSatyajit ChatterjeeHarold ColeZachary Stangebye
Finance

Falling Rates and Rising Superstars

Thomas KroenErnest LiuAtif MianAmir Sufi
International Trade

Supply Chain Resilience: Should Policy Promote Diversification or Reshoring?

Gene M. GrossmanElhanan HelpmanHugo Lhuillier
Monetary Economics

Interactions between Monetary and Fiscal Policy: Yesterday, Today, and Tomorrow

Alan S. Blinder

Dynamical Structure and Spectral Properties of Input-Output Networks

Ernest LiuAleh Tsyvinski
Macroeconomics

The Elusive Explanation for the Declining Labor Share

Gene M. Grossman
Monetary Economics

Debt as Safe Asset

Markus BrunnermeierSebastian MerkelYuliy Sannikov