Papers by Matthew D. Shapiro

Showing 3 papers

Published Classic Carnegie-Rochester Conference Series on Public Policy Published Jun 1998

Costly capital reallocation and the effects of government spending

This paper argues that the composition of government spending across sectors, not just its aggregate size, matters for its macroeconomic effects, because reallocating capital across sectors is costly. …

Fiscal Multipliers Fiscal Policy Business Cycles Capital Misallocation Free Read ↗

Published Classic American Economic Review Published Nov 2006

Phased-In Tax Cuts and Economic Activity

Christopher L. House · Matthew D. Shapiro

This paper by Christopher House and Matthew Shapiro (AER 2006; NBER WP 10415, April 2004) uses a dynamic general equilibrium model to quantify how the *timing* of a legislated tax-rate change -- not …

Fiscal Policy Dsge Models Investment Dynamics Public Finance Free Read ↗

Published American Economic Review Published Jun 2026

Quality Adjustment at Scale: Hedonic versus Exact Demand-Based Price Indices

Gabriel Ehrlich · John Haltiwanger · Ron Jarmin · David Johnson · Ed Olivares · Luke Pardue · Matthew D. Shapiro · Laura Yi Zhao

This paper implements and evaluates methods for constructing quality-adjusted price indices from item-level retail scanner data at scale — across hundreds of product categories, heterogeneously …

Inflation Dynamics Nowcasting Forecasting