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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 ...

It is a well-known fact that the college share in advanced countries has been increasing in the past several decades. This is generally attributed to the ...

This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring strategic wage ...

There have been more than 500,000 opioid overdose deaths since 2000. To analyze the opioid epidemic, a model is constructed where individuals, with and without ...