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We explore a novel model where authors of heterogeneous papers submit to ranked journals with admission standards on noisy referee evaluations. Journal caliber ...

A patient seller decides whether to build a reputation for exerting high effort in front of a sequence of consumers. Each consumer decides whether to trust the ...

The distribution of marginal propensities to consume (MPCs) is central to the transmission of shocks and policies to the economy. Recent empirical findings ...

This paper combines new data and a narrative approach to identify shocks to political pressure on the Federal Reserve. From archival records, I build a data ...

What is the relationship between international differences in income risk and countries' external asset positions? We study income risk and its higher-order ...

This paper presents a comprehensive method for efficiently solving stochastic Integrated Assessment Models (IAMs) and performing parametric uncertainty ...

Do larger firms have more productive or more scalable technologies? Are wealthy households more likely to invest in one over the other? We estimate ...

We study optimal unemployment insurance in a dynamic environment with heterogeneous agents, who face potentially binding liquidity constraints, and where ...

This paper investigates how to recover households' expectations from consumption data when the consumption basket undergoes dramatic changes. I study ...

We study the macroeconomic consequences of tax policies designed to reduce international profit shifting by multinational enterprises (MNEs) using a model that ...