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This paper shows that price dispersion matters for shaping individual household consumption. Using detailed scanner data, I document that the high-earning ...

We document systematic differences in macroeconomic expectations across U.S. households and rationalize our findings with a theory of information choice. We ...

Economists typically make simplifying assumptions to make the solution and estimation of their highly complex models feasible. These simplifications include ...

We study optimal tax design based on the idea that policy-makers face trade-offs between multiple margins of redistribution. Within a Mirrleesian economy with ...

We use population data on capital income and wealth holdings for Norway to measure asset positions and wealth returns before individuals marry and after the ...

In a broad class of sticky price models, theory predicts that the ratio of the kurtosis to the frequency of price changes is a sufficient statistic for the ...

We develop a method that identifies the effects of nationwide policy, i.e., policy implemented across all regions at the same time. In our method, we put ...

We study the consequences of “regime-induced” exchange rate depreciations by comparing outcomes for peggers versus floaters to the US dollar in response to a ...

The most popular method to acquire a job is to use one’s circle of acquaintances or social networks to find a position. However, in the current research, there ...

Combining a variety of survey and administrative data, this paper measures the progressivity of taxes and transfers for each of the US states and contrasts it ...