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2013, NBER working paper series, Volume no. w19714
This review article tries to answer four questions: (i) what are the stylized facts about uncertainty over time; (ii) why does uncertainty vary; (iii) do... 
E3 - Prices, Business Fluctuations, and Cycles | E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy | O4 - Economic Growth and Aggregate Productivity
Web Resource
Econometrica, ISSN 0012-9682, 09/2012, Volume 80, Issue 5, pp. 1977 - 2016
Journal Article
Journal of Political Economy, ISSN 0022-3808, 02/2009, Volume 117, Issue 1, pp. 38 - 86
Journal Article
The American Economic Review, ISSN 0002-8282, 03/2005, Volume 95, Issue 1, pp. 50 - 65
Following a recession, the aggregate labor market is slack employment remains below normal and recruiting efforts of employers, as measured by help-wanted... 
Productivity | Economic models | Employee recruitment | Economic fluctuations | Employment | Labor markets | Equilibrium wages | Nash equilibrium | Wages | Unemployment | MONETARY-POLICY | ECONOMICS | PRICES | MODEL | UNEMPLOYMENT | Labor costs | Usage | Recessions | Labor market | Analysis | Forecasts and trends | Econometric models | California | Studies | Wages & salaries | Economic impact
Journal Article
The American Economic Review, ISSN 0002-8282, 12/2013, Volume 103, Issue 7, pp. 3045 - 3070
Journal Article
The Scandinavian Journal of Economics, ISSN 0347-0520, 01/2019, Volume 121, Issue 1, pp. 117 - 152
In this paper, we study the role of short‐run factors such as business cycles or changes in employment rates in explaining international migration flows.... 
income maximization | migration flows | migration choice | Business cycles | OKUNS LAW | WAGES | DETERMINANTS | GRAVITY | MEXICO | SELF-SELECTION | PANEL-DATA | IMMIGRATION | ECONOMICS | UNEMPLOYMENT | BENEFITS | Economic models
Journal Article
Journal of Financial Economics, ISSN 0304-405X, 05/2016, Volume 120, Issue 2, pp. 420 - 443
Journal Article
Journal of Political Economy, ISSN 0022-3808, 06/2016, Volume 124, Issue 3, pp. 771 - 825
We propose a theory of self-fulfilling unemployment fluctuations. When a firm increases its workforce, it raises demand and weakens competition facing other... 
ANIMAL SPIRITS | BUSINESS CYCLES | SEARCH EQUILIBRIUM | DYNAMICS | VACANCIES | PRICE DISPERSION | ECONOMICS | EQUILIBRIUM UNEMPLOYMENT | JOB | EXPECTATIONS | CONSUMPTION | Economic aspects | Forecasts and trends | Unemployment | Analysis | Externalities (Economics) | Studies | Equilibrium
Journal Article
Review of Economics and Statistics, ISSN 1530-9142, 07/2017, Volume 99, Issue 3, pp. 514 - 530
An important disconnect in the news view of fluctuations is the lack of consistent evidence suggestive of significant macroeconomic effects of news shocks.... 
ARTICLES | BUSINESS-CYCLE | PRICES | MODELS | TECHNOLOGY SHOCKS | ECONOMIC-FLUCTUATIONS | MONETARY-POLICY | SOCIAL SCIENCES, MATHEMATICAL METHODS | ECONOMICS | EXPECTATIONS | Economic aspects | Forecasts and trends | Business cycles | Stock markets | Media coverage | Studies | Models | Macroeconomics | Frequencies
Journal Article
The American Economic Review, ISSN 0002-8282, 05/2009, Volume 99, Issue 2, pp. 399 - 405
  This paper studies differences in exposure to aggregate fluctuations across households, focusing on high consumption and high income households. This work... 
Consumption taxes | Income inequality | Household consumption | Income taxes | Income approach | Aggregate income | Household Heterogeneity in Financial Markets | Consumer economics | Stock market fluctuations | Capital gains | Nonwage income | ECONOMICS | Economic aspects | Consumption data | Households | Studies | Consumption | Economic theory
Journal Article
International Economic Review, ISSN 0020-6598, 08/2018, Volume 59, Issue 3, pp. 1491 - 1510
We propose a new Vector Autoregressive identification scheme that enables us to disentangle labor supply shocks from wage bargaining shocks. Identification is... 
STRUCTURAL VECTOR AUTOREGRESSIONS | FORCE PARTICIPATION | TECHNOLOGY SHOCKS | BUSINESS CYCLES | DYNAMICS | MONETARY-POLICY | ECONOMICS | SIGN RESTRICTIONS | GREAT RECESSION | UNEMPLOYMENT | AGNOSTIC IDENTIFICATION | Federal Reserve banks | Labor supply | Unemployment | Analysis | Economic models
Journal Article
Journal of Monetary Economics, ISSN 0304-3932, 01/2019, Volume 101, pp. 128 - 147
This paper studies the analytics of a canonical model of lumpy microeconomic adjustment. We provide a novel characterization of the implied aggregate dynamics.... 
Aggregate employment dynamics | Ss model | Cross-sectional dynamics | Lumpy microeconomic adjustment | PLANT | BUSINESS-CYCLE | MENU COSTS | MODEL | BUSINESS, FINANCE | INVESTMENT | UNCERTAINTY | DYNAMICS | ECONOMICS | Microeconomics | Federal Reserve banks | Newton's laws of motion | Analysis
Journal Article
Journal of Economic Dynamics and Control, ISSN 0165-1889, 12/2016, Volume 73, pp. 181 - 199
This paper explores uncertainty shocks as a driving force in a search and matching model of the labor market. Uncertainty takes the form of a noisy component... 
Unemployment | Search and matching models | Uncertainty shocks | CYCLICAL BEHAVIOR | ECONOMIC-ACTIVITY | TURNOVER | COSTS | DYNAMICS | VACANCIES | ECONOMICS | FLOWS | EQUILIBRIUM UNEMPLOYMENT | Labor market | Statistics | Numerical analysis
Journal Article
Applied Economics, ISSN 0003-6846, 11/2017, Volume 49, Issue 54, pp. 5535 - 5546
The strong correlation between food prices and energy prices has gained much attention in the public debate. In this article, we focus on the so-called excess... 
Q11 | Q43 | C32 | spectral analysis | food price | Oil price | Granger causality | TIME-SERIES | CRISIS | ECONOMICS | FREQUENCY-DOMAIN | Prices and rates | Energy industry | Food prices | Analysis | Crude oil prices | Commodity markets | Economic models | Causality | Correlation analysis
Journal Article
Econometrica, ISSN 0012-9682, 3/2015, Volume 83, Issue 2, pp. 549 - 585
We formalize the Keynesian insight that aggregate demand driven by sentiments can generate output fluctuations under rational expectations. When production... 
Demand shocks | Economic expectations | Labor supply | Economic models | Economic fluctuations | Aggregate income | Aggregate demand | Consumer equilibrium | Signal noise | Sunspots | Studies | Demand | Rational expectations | Decision making models | Equilibrium | Keynesian theory
Journal Article
Economic Modelling, ISSN 0264-9993, 12/2017, Volume 67, pp. 125 - 135
This paper is concerned with the business cycle dynamics in search and matching models of the labor market when agents are ex-post heterogeneous. We focus on... 
Wealth inequality | Uninsurable risks | Business cycles | Labor search and matching | Heterogeneous agents | LABOR-MARKET SEARCH | UNEMPLOYMENT-INSURANCE | MACROECONOMY | CYCLICAL DYNAMICS | MORAL HAZARD | AGGREGATE | CONSTRAINTS | VACANCIES | ECONOMICS | EQUILIBRIUM UNEMPLOYMENT | Labor market | Analysis | Distribution (Economics) | Equality | Wages | Wealth
Journal Article
Macroeconomic Dynamics, ISSN 1365-1005, 03/2014, Volume 19, Issue 7, pp. 1509 - 1539
This paper investigates the international dimension of economic fluctuations and transmission of structural shocks by estimating a structural VAR model for the... 
Real Exchange Rate | Current Account | Structural VAR | Cross-Country Output Deviation | Technology Shocks | BUSINESS-CYCLE | OUTPUT | DEFICIT | MONETARY-POLICY | REAL EXCHANGE-RATE | AGGREGATE FLUCTUATIONS | RATES | ECONOMICS | Studies | Current accounts | Macroeconomics | Foreign exchange rates | Manycountries | Output
Journal Article
American Economic Journal: Macroeconomics, ISSN 1945-7707, 7/2016, Volume 8, Issue 3, pp. 1 - 41
Firm entry and exit amplify and propagate the effects of aggregate shocks, leading to greater persistence and unconditional variation of aggregate quantities.... 
PRODUCT VARIETY | REALLOCATION | GROWTH | EQUILIBRIUM | INVESTMENT | RETURNS | BUSINESS-CYCLE MODELS | IDIOSYNCRATIC SHOCKS | MANUFACTURING PLANTS | ECONOMICS | SCALE | Studies | Market entry | Recessions | Macroeconomics | Market exit
Journal Article