Inflation inequality: Measurement, causes, and policy implications
X Jaravel - Annual Review of Economics, 2021 - annualreviews.org
Does inflation vary across the income distribution? This article reviews the growing literature
on inflation inequality, describing recent advances and opportunities for further research in …
on inflation inequality, describing recent advances and opportunities for further research in …
Rational inattention: A review
We review the recent literature on rational inattention, identify the main theoretical
mechanisms, and explain how it helps us understand a variety of phenomena across fields …
mechanisms, and explain how it helps us understand a variety of phenomena across fields …
The slope of the Phillips Curve: evidence from US states
We estimate the slope of the Phillips curve in the cross section of US states using newly
constructed state-level price indices for nontradeable goods back to 1978. Our estimates …
constructed state-level price indices for nontradeable goods back to 1978. Our estimates …
Presidential address: Corporate finance and reality
JR Graham - The Journal of Finance, 2022 - Wiley Online Library
This paper uses surveys to document CFO perspectives on corporate planning, investment,
capital structure, payout, and shareholder versus stakeholder focus. Comparing policy …
capital structure, payout, and shareholder versus stakeholder focus. Comparing policy …
The return to protectionism
PD Fajgelbaum, PK Goldberg… - … Quarterly Journal of …, 2020 - academic.oup.com
After decades of supporting free trade, in 2018 the United States raised import tariffs and
major trade partners retaliated. We analyze the short-run impact of this return to …
major trade partners retaliated. We analyze the short-run impact of this return to …
The reversal interest rate
J Abadi, M Brunnermeier, Y Koby - American Economic Review, 2023 - aeaweb.org
The reversal interest rate is the rate at which accommodative monetary policy reverses and
becomes contractionary for lending. We theoretically demonstrate its existence in a …
becomes contractionary for lending. We theoretically demonstrate its existence in a …
Uniform pricing in us retail chains
S DellaVigna, M Gentzkow - The Quarterly Journal of Economics, 2019 - academic.oup.com
We show that most US food, drugstore, and mass-merchandise chains charge nearly
uniform prices across stores, despite wide variation in consumer demographics and …
uniform prices across stores, despite wide variation in consumer demographics and …
Identification in macroeconomics
E Nakamura, J Steinsson - Journal of Economic Perspectives, 2018 - aeaweb.org
This paper discusses empirical approaches macroeconomists use to answer questions like:
What does monetary policy do? How large are the effects of fiscal stimulus? What caused …
What does monetary policy do? How large are the effects of fiscal stimulus? What caused …
Tariff pass-through at the border and at the store: Evidence from us trade policy
We use microdata collected at the border and the store to characterize the price impact of
recent US trade policy on importers, exporters, and consumers. At the border, import tariff …
recent US trade policy on importers, exporters, and consumers. At the border, import tariff …
Exposure to grocery prices and inflation expectations
Consumers rely on the price changes of goods in their grocery bundles when forming
expectations about aggregate inflation. We use micro data that uniquely match individual …
expectations about aggregate inflation. We use micro data that uniquely match individual …