Yuriy Gorodnichenko

Yuriy Gorodnichenko · Ari Kutai · Rafi Melnick

Research question and motivation. How do firms form and update inflation expectations during a monetary-policy regime change and a transition from high/volatile inflation to a low, stable, …

Yuriy Gorodnichenko · Debora Revoltella · Jan Svejnar · Christoph T. Weiss

This paper investigates why firms in the European Union exhibit wide dispersion in marginal revenue products (MRP) of capital and labor — a direct indicator of resource misallocation — and asks how …

Alan J Auerbach · Yuriy Gorodnichenko · Daniel Murphy

This paper estimates the distributional and social consequences of Department of Defense (DOD) contract spending using a city-level (CBSA) panel dataset spanning 2005–2016. The research question is …

Alan J. Auerbach · Yuriy Gorodnichenko

This 2012 American Economic Journal: Economic Policy paper by Alan Auerbach and Yuriy Gorodnichenko estimates how government spending multipliers vary with the state of the business cycle, using a …

Michael Weber · Bernardo Candia · Hassan Afrouzi · Tiziano Ropele · Rodrigo Lluberas · Serafin Frache · Brent Meyer · Saten Kumar · Yuriy Gorodnichenko · Dimitris Georgarakos · Olivier Coibion · Geoff Kenny · Jorge Ponce

This paper uses randomized control trials (RCTs) applied over time in multiple countries to study whether the economic environment — specifically the level of inflation — affects how agents learn from …

Olivier Coibion · Yuriy Gorodnichenko · Johannes Wieland

This 2012 Review of Economic Studies paper by Olivier Coibion, Yuriy Gorodnichenko, and Johannes Wieland asks what rate of steady-state (trend) inflation maximizes welfare in a New Keynesian DSGE …

Olivier Coibion · Yuriy Gorodnichenko

This 2012 American Economic Journal: Macroeconomics paper by Olivier Coibion and Yuriy Gorodnichenko adjudicates between two observationally similar explanations for the federal funds rate target's …