Warehouse / Authors

Andreas Hornstein

Emeritus Economist · Federal Reserve Bank of Richmond

Emeritus Economist in the Research Department of the Federal Reserve Bank of Richmond, where he has worked since 1996. His work covers labor markets, monetary policy and structural change.

1 paper tracked ⌁ Follow this author

Showing 1 paper

Published Journal of Monetary Economics Published Jul 2026

Disincentive effects of unemployment insurance benefits

Andreas Hornstein · Marios Karabarbounis · André Kurmann · Etienne Lalé · Lien Ta

This paper isolates the disincentive effects of pandemic unemployment insurance (UI) benefits on employment recovery, separating them from the simultaneously operating stimulative (demand) effects …

Labor Markets Macroeconomics Public Finance Free Read ↗