The Great Recession has renewed interest in unemployment insurance (UI) programs
around the world. At the same time, there have been important advances in both theory and …

Using a large-scale survey of US consumers, we study how the large one-time transfers to
individuals from the CARES Act affected their consumption, saving and labor-supply …

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 …

The goal of this chapter is to study how, and by how much, household income, wealth, and
preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the …

Equilibrium labor market theory suggests that unemployment benefit extensions affect
unemployment by impacting both job search decisions by the unemployed and job creation …

By how much does an extension of unemployment benefits affect macroeconomic outcomes
such as unemployment? Answering this question is challenging because US law extends …

Job search is a key choice variable in theories of labor markets but is difficult to measure
directly. We develop a job search activity index based on Google search data, the Google …

I study unemployment insurance (UI) in general equilibrium with incomplete markets, search
frictions, and nominal rigidities. An increase in generosity raises the aggregate demand for …

This study documents the presence of local protectionism and quantifies its impacts on
market competition and social welfare in the context of China's automobile market. A salient …

Governments in many countries have offered various incentives to promote the diffusion of
electric vehicles (EVs). This study examines the effectiveness of various policy measures …