Papers by Erik G. Hurst

Online First Journal of Political Economy Online 31 Aug 2026

The Macroeconomic Dynamics of Labor Market Polices

Erik G. Hurst · Patrick Kehoe · Elena Pastorino · Thomas Winberry

This paper builds a dynamic macroeconomic model with rich worker heterogeneity, firm monopsony power and putty-clay adjustment frictions in order to trace the time path of the effects of the federal …

Macroeconomics Labor Markets Inequality Macro Dynamics Public Finance