E3

Daniel L. Greenwald · Adam Guren

Overview Research Question. To what extent did an expansion and contraction of credit drive the 2000s housing boom and bust? The existing literature offers sharply divergent answers — ranging from …

Richard Audoly

Layer 1 — Overview Research Question How do aggregate economic fluctuations reallocate workers across the firm productivity distribution over the business cycle? In particular, to what extent do …

Amy Finkelstein · Matthew J Notowidigdo · Frank Schilbach · Jonathan Zhang

Overview Research Question. Does the Great Recession reduce or increase mortality, and what are the welfare implications of incorporating recession-induced mortality changes into standard …

Eric Anderson · Sergio Rebelo · Arlene Wong

Anderson, Rebelo, and Wong study the behavior of markups in the retail sector across regions and over time, using a combination of firm-level Compustat data and product-level scanner data from two …

Yuliya Rychalovska · Sergey Slobodyan · Rafael Wouters

This paper asks whether Survey of Professional Forecasters (SPF) data can be efficiently integrated into medium-scale DSGE models, and whether models with imperfectly rational expectations based on …

Sebastian Heise · Jeremy Pearce · Jacob P. Weber

Layer 1 — Overview Research Question. Which measures of labor market tightness best predict nominal wage inflation, and do standard measures such as the unemployment rate and the …