D31

Supreet Kaur · Sendhil Mullainathan · Suanna Oh · Frank Schilbach

Do Financial Concerns Make Workers Less Productive? Research Question The paper tests whether financial concerns distract workers sufficiently to meaningfully reduce their productivity, and whether …

Renato Faccini · Seungcheol Lee · Ralph Luetticke · Morten O. Ravn · Tobias Renkin

Overview Research Question. How do consumer credit spreads — the gap between household borrowing rates and deposit rates — affect aggregate business cycle dynamics and the distribution of consumption …

Sebastian Doerr · Thomas Drechsel · Donggyu Lee

The paper establishes a causal link from rising top income shares to reduced net job creation at small firms, working through a bank funding channel rooted in non-homothetic household portfolio …

Sergio Villalvazo

Layer 1 — Overview Research Question This paper studies the cross-sectional dimension of Fisher’s (1933) debt-deflation mechanism as it operates during Sudden Stop crises — episodes …

Jan Eeckhout · Chunyang Fu · Wenjian Li · Xi Weng

Overview This paper asks whether and how optimal income taxation should change when firms have market power. The question is motivated by the documented rise in economy-wide markups since 1980, which …

François Le Grand · Alaïs Martin-Baillon · Xavier Ragot

Layer 1 — Overview Research Question. Should monetary policy deviate from price stability to address redistributive concerns in an economy with heterogeneous agents? The paper jointly solves for …