“Exchange Rate Reconnect” (with Andrew Lilley, Matteo Maggiori, and Jesse Schreger)
Review of Economics and Statistics, Accepted
Appendix: Online Appendix.
Coverage: Featured in Marginal Revolution.
“The Rise of Niche Consumption” (with Joe Vavra)
American Economic Journal: Macroeconomics, Conditionally Accepted
Appendix: Online Appendix.
Coverage: Featured in Planet Money on National Public Radio, The New York Times, Marginal Revolution Blog, and Bloomberg.
“Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens” (with Antonio Coppola, Matteo Maggiori, and Jesse Schreger)
Quarterly Journal of Economics, 2021, 136(3), p.1499-1556.
Appendix: Online Appendix.
Slides: Presentation Slides.
Code, Data, and Replication: The Global Capital Allocation Project.
Coverage: Featured in Bloomberg, The Economist Magazine and The Financial Times here and here.
“Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy” (with Alberto Cavallo, Gita Gopinath, and Jenny Tang)
American Economic Review: Insights, 2021, 3(1), p.19-34.
Short Version: Paper and Appendix.
Coverage: Featured in The New York Times here and here, The Wall Street Journal here and here, The Financial Times here and here, The Washington Post, Congressional Quarterly, IMF Blog, HBS Working Knowledge, CNN (Jake Tapper’s State of the Union), and Forbes.
How Many Jobs Can be Done at Home?“ (with Jonathan Dingel)
Journal of Public Economics: 2020, Volume 189.
Preprint: Covid Economics, Vetted and Real-Time Papers, 2020, Issue 1, p.16-24.
Data: Results by City, Industry, and Occupation.
Code: Replication Package.
Coverage: Featured in The Wall Street Journal (here and here), The New York Times (here, here, and here), Financial Times (here and here), The Economist (here, here, and here), Reuters (here and here), BBC, The Hill, and Business Insider. Column in Pro-Market Blog.
“International Currencies and Capital Allocation“ (with Matteo Maggiori and Jesse Schreger)
April 2019
Journal of Political Economy, 2020, Volume 128, Issue 6.
Winner of AQR Insight Award
Short Video Presentation (5 mins): web link.
Appendix: Online Appendix.
Replication: Download Zip File.
Slides: Presentation Slides.
Coverage: Column in VoxEU.org. Featured in The Wall Street Journal, Forbes, NBER Digest, Pensions&Investments, World Economic Forum, Marketwatch (here and here), and La Nacion.
“The Rise of the Dollar and Fall of the Euro as International Currencies“ (with Matteo Maggiori and Jesse Schreger)
AEA Papers and Proceedings, 2019, Volume 109, p.521-526.
Appendix: Online Appendix.
Replication: Replication Package.
“Accounting for Factorless Income“ (with Loukas Karabarbounis)
NBER Macroeconomics Annual, 2018, Volume 33, p.167-228.
Video Presentation (20 mins): web link or mp4 file.
Slides: Presentation Slides.
Replication: Download Zip File.
Coverage: Featured in The Financial Times and Bloomberg. Columns in Pro-Market Blog and VoxEU.org.
“The Global Rise of Corporate Saving“ (with Peter Chen and Loukas Karabarbounis)
Journal of Monetary Economics, 2017, 89, p.1-19.
Data: CKN Online Dataset.
Appendix: Online Appendix.
Slides: Presentation Slides.
Coverage: Featured in The Economist (here and here), Slate Magazine, Project Syndicate, The Washington Post, and the Chicago Magazine. Guest Contribution in EconBrowser.
Parts of this paper update our earlier working paper “Declining Labor Shares and the Global Rise of Corporate Saving“
“Obstfeld and Rogoff’s International Macro Puzzles: A Quantitative Assessment” (with Jonathan Eaton and Sam Kortum)
Journal of Economic Dynamics and Control, 2016, 72, p.5-23.
Note and Codes for Simplified Version of Model: Note. Codes.
Slides: Presentation Slides.
“Trade and the Global Recession” (with Jonathan Eaton, Sam Kortum, and John Romalis)
American Economic Review, 2016, 106(11), p.3401-3438.
Appendix: Online Appendix.
Note and Codes for Simplified Version of Model: Note. Codes.
Previous Version: Static Version.
Slides: Presentation Slides.
Coverage: Column in VoxEU.org. Featured in Marginal Revolution and Econbrowser.
“The Price Impact of Joining a Currency Union: Evidence from Latvia” (with Alberto Cavallo and Roberto Rigobon)
IMF Economic Review, 2015, 63(2), p.281-297. Lead Article.
Data and Replication: Raw Data (via Harvard/MIT Dataverse). Replication Materials.
Coverage: Column in VoxEU.org. Featured in Real World Economics Review Blog, Daily Mail, and Blog-Illusio (in French).
“Currency Unions, Product Introductions, and the Real Exchange Rate” (with Alberto Cavallo and Roberto Rigobon)
Quarterly Journal of Economics, 2014, 129(2), p.529-595.
Data: Raw Data (via Harvard/MIT Dataverse).
Appendix: Online Appendix.
Slides: Presentation Slides.
Coverage: Column in VoxEU.org. Featured in The New York Times, Forbes, Bloomberg, Diario Vasco (in Spanish), Forsal (in Polish), and El Confidencial (in Spanish).
“The Global Decline of the Labor Share” (with Loukas Karabarbounis)
Quarterly Journal of Economics, 2014, 129(1), p.61-103.
Data and Replication: KN Labor Share Dataset. Replication Materials.
Slides: Presentation Slides.
Coverage: Featured in The Economist (here and here), The Financial Times, The Financial Times (Undercover Economist), The New York Times, The New York Times (Economix), Houston Chronicle, Bloomberg, Bloomberg (The Ticker), The Atlantic, Foreign Affairs, and Institutional Investor.
“Trade Adjustment and Productivity in Large Crises” (with Gita Gopinath)
American Economic Review, 2014, 104(3), p.793-831.
Appendix: Online Appendix.
Slides: Presentation Slides.
Coverage: Featured in Foco Económico (in Spanish).
“Discussant Comments on `The Decline of the U.S. Labor Share’ by Elsby, Hobijn, and Sahin”
Brookings Papers on Economic Activity, Fall 2013, p.56-61.
Slides: Presentation Slides.
“On Deficits and Unemployment” (with Jonathan Eaton and Sam Kortum)
Revue Economique, 2013, 64(3), p.405-420.
“Trade Prices and the Global Trade Collapse of 2008-2009” (with Gita Gopinath and Oleg Itskhoki)
IMF Economic Review, 2012, 60(3), p.303-328. Lead Article.
Coverage: Column in VoxEU.org.
“A State-Dependent Model of Intermediate Goods Pricing”
Journal of International Economics, 2011, 85(1), p.1-13. Lead Article.
“Growth Accounting with Misallocation: Or, Doing Less with More in Singapore” (with John Fernald)
American Economic Journal: Macroeconomics, 2011, 3(2), p.29-74.
“Stickiness, Synchronization, and Passthrough in Intrafirm Trade Prices”
Journal of Monetary Economics, 2010, 57(3), p.295-308.
“The Impact of Post-9/11 Visa Policies on Travel to the United States” (with Phillip Swagel)
Journal of International Economics, 2009, 78(1), p.86-99.
“Capital Depreciation and Labor Shares Around the World: Measurement and Implications” (with Loukas Karabarbounis)
October 2014
Appendix: Online Appendix.
Slides: Presentation Slides.
Coverage: Column in VoxEU.org. Featured in The Wall Street Journal and Equitable Growth Blog.
“Supply Chain Constraints and Inflation, by Diego Comin and Robert C. Johnson”, NBER Conference on the Rise of Global Supply Chains, December 2021.
“Misallocation and Capital Market Integration: Evidence from India, by Bau and Matray” IFM Program Meeting, NBER Summer Institute, 2021.
“COVID-19 and SME Failures, by Gourinchas, Kalemli-Ozcan, Penciakova, and Sander” AEA Meetings, January, 2021.
“Price Discrimination Within and Across EMU Markets: Evidence from French Exporters, by Fontaine, Martin, and Mejean“ NBER ISOM Meeting, June, 2019.
“Exports and Invoicing: Evidence from the 2015 Swiss Franc Appreciation, by Auer, Burstein, Erhardt, and Lein“ AEA Meetings, January, 2019.
“Currency Matters: Analyzing International Bond Portfolios, by Burger, Warnock, and Warnock“, NBER IFM Program Meeting, October, 2017.
“Capital Share Dynamics When Firms Insure Managers, by Barney Hartman-Glaser, Hanno Lustig, and Mindy Zhang“ NBER EFG Program Meeting, February, 2017.
“Dominant Currency Paradigm: A New Model for Small Open Economies, by Camila Casas, Federico Diez, Gita Gopinath, and Pierre-Olivier Gourinchas“ American Economic Association Meetings, January, 2017.
“The Analytics of the Greek Crisis, by Pierre-Olivier Gourinchas, Thomas Philippon, and Dimitri Vayanos“ NBER IFM Program Meeting, October, 2016.
“How Firms Accumulate Inputs: Evidence from Import Switching, by Dan Lu, Asier Mariscal, and Luis-Fernando Mejia“ FRB Philadelphia International Trade Workshop, November, 2015.
“The Dynamics of the U.S. Trade Balance and the Real Exchange Rate: The J Curve and Trade Costs?, by George Alessandria and Horag Choi“ NBER IFM Program Meeting, October, 2015.
“Trade and the Geographic Spread of the Great Recession, by Sebastian Stumpner“ NBER ITM Summer Institute, July, 2014.
“The Decline of the U.S. Labor Share, by Michael Elsby, Bart Hobijn, and Aysegul Sahin“ Brookings Panel on Economic Activity, September, 2013. Published Comments.
“A Bargaining Theory of Trade Invoicing and Pricing, by Linda Goldberg and Cedric Tille“ NBER IFM Summer Institute, July, 2013.
“Menu Costs, Trade Flows, and Exchange Rate Volatility, by Logan Lewis“ NBER IFM Program Meeting, November, 2012.
“Health, Human Capital Formation and Knowledge Production, by Jakob Madsen“ NBER EASE, June, 2012.
“Real Exchange Rate Adjustment In and Out of the Eurozone, by Martin Berka, Michael Devereux, and Charles Engel“ AEA Meetings, January, 2012.
“Export Dynamics in Large Devaluations, by George Alessandria, Sangeeta Pratap, and Vivian Yue“ AEA Meetings, January, 2012.
“Dynamics of Trade and Heterogeneity in General Equilibrium, by Robert Deckle, Hyeok Jeong, and Nobuhiro Kiyotaki“ NBER Japan Meeting, June, 2011.
“Price Stickiness in Argentina: Evidence from Two Hyper-Inflations Followed by Stable Prices, by Fernando Alvarez, Martin Gonzales-Rozada, Andy Neumeyer, and Martin Beraja“, MFI Price Dynamics Conference, February, 2011.
“The ‘Collapse in Quality’ Hypothesis, by Andrei Levchenko, Logan Lewis, and Linda Tesar“ 2011 AEA Meetings, January, 2011.
“Accounting for Intermediates: Production Sharing and Trade in Value Added, by Robert Johnson and Guillermo Noguera“ NBER ITI Program Meeting, Boston, MA. August, 2010.
“Trade Elasticities, by Jean Imbs and Isabelle Mejean“ 2010 Pacific Basin Research Conference, FRB of San Francisco, October, 2010.
“A new map of global capital allocation” (with Antonio Coppola, Matteo Maggiori and Jesse Schreger)
FDI Magazine, June 2021
“The Global Capital Allocation Project” (with Matteo Maggiori and Jesse Schreger)
NBER Reporter, 2021, Number 1
“Making a good job of remote work” (with Jonathan Dingel)
Financial Times, February 2021
“Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy” (with Alberto Cavallo, Gita Gopinath and Jenny Tang)
VoxChina, September 2020
“What has coronavirus taught us about working from home?” (with Jonathan Dingel)
Economics Observatory, June 2020
“How Many Jobs Can Be Done At Home?” (with Jonathan Dingel)
VoxEU.org, April 2020
How Many Jobs Can Be Done at Home? In the United States, It’s 37 percent (with Jonathan Dingel)
ProMarket.org, April 2020
“Three Pillars of the Economic Policy Response to the Covid-19 Crisis” (with Eric Budish, Anil Kashyap, and Ralph Koijen)
IGM Forum, March 2020
“Exchange Rate Reconnect” (with Andrew Lilley, Matteo Maggiori, and Jesse Schreger)
VoxEU.org, January 2020
“The Rise of Niche Consumption” (with Joe Vavra)
VoxEU.org, September 2019
“What to Do With Missing Payments to Factors of Production” (with Loukas Karabarbounis)
VoxEU.org, June 2018
“The Rise of the Dollar and Fall of the Euro in Global Asset Trade” (with Matteo Maggiori and Jesse Schreger)
VoxEU.org, June 2018
“Factorless Income and Some Skepticism on the Case for Rising Markups” (with Loukas Karabarbounis)
Pro-Market, Blog of Chicago Booth Stigler Center, 2018, May 17
“Trends in Factor Shares: Facts and Implications” (with Loukas Karabarbounis)
NBER Reporter, 2017, Number 4
“The Research Agenda: The Evolution of Factor Shares” (with Loukas Karabarbounis)
Society for Economic Dynamics Newsletter, 2014, 15(2)
“Labour Shares, Inequality, and the Relative Price of Capital” (with Loukas Karabarbounis)
VoxEU.Org, November 2014
“Pricing and Eurozone Membership: Evidence from Latvia” (with Alberto Cavallo and Roberto Rigobon)
VoxEU.Org, August 2014
“The Euro and Price Convergence” (with Alberto Cavallo and Roberto Rigobon)
VoxEU.Org, November 2013
“The Great Trade Quantities Collapse” (with Gita Gopinath and Oleg Itskhoki)
VoxEU.Org, July 2012
“Trade and the Global Recession”
Chicago Council on Global Affairs, 2012 Summits Expert Commentaries, May 2012
“Trade Accounting in the Recent Recessions” (with Jonathan Eaton, Samuel Kortum, and John Romalis)
VoxEU.Org, July 2010
“Computers: Why the party’s over” (with M. Michael Cho)
McKinsey Quarterly, February 2002
Materials provided are for Educational Use Only. All articles are the sole Copyright of their respective publishers.
