publications

The following papers are published.  Where possible, I have attempted to include a link to the published article.

The Emergence of Market Structure (with Maryam Farboodi and Gregor Jarosch) Review of Economic Studies, 90: 261-292.

Internal and External Effects of Social Distancing in a Pandemic (2021) (with Maryam Farboodi and Gregor Jarosch) Journal of Economic Theory  196: 105293

Efficiency and Information Transmission in Bilateral Trading (2019) (with Ivan Werning) Review of Economic Dynamics 33: 154-176.

Markets with Multidimensional Private Information (2018) (with Veronica Guerrieri) American Economic Journal: Microeconomics 10(2): 250-274.

Private Information in the Mortgage Market: Evidence and a Theory of Crises (2014) Macroeconomic and FInancial Stability: Challenges for Monetary Policy, edited by Sofia Bauducco, Lawrence Christiano, and Claudio Raddatz, book series on Central Banking, Analysis, and Economic Policies, volume 19.

Dynamic Adverse Selection: A Theory of Illiqiduity, Firesales, and Flight to Quality (2014) (with Veronica Guerrieri) American Economic Review, 104(7): 1875-1908.

Job Search and Labor Force Participation (2013) Advances in Economics and Econometrics: Theory and Applications, Tenth World Congress, Volume II, Chapter 5, edited by Daron Acemoglu, Manuel Arellano, and Eddie Dekel, Cambridge University Press.

Wage Rigidities and Jobless Recoveries (2012) Journal of Monetary Economics, 59(Supplement): S65–S77.

Reassessing the Ins and Outs of Unemployment (2012) Review of Economic Dynamics, 15(2): 127-148. [Data]

Search and Rest Unemployment (2011) (with Fernando Alvarez) Econometrica, 79(1): 75-122.  [Supplementary Material]

Adverse Selection in Competitive Search Equilibrium (2010) (with Veronica Guerrieri and Randall Wright) Econometrica, 78(6): 18231862.

Search in Macroeconomic Models of the Labor Market (2010) (with Richard Rogerson) Handbook of Labor Economics, volume 4A, edited by Orley Ashenfelter and David Card, 619-700.

Stock-Flow Matching (2010) (with Ehsan Ebrahimy) Journal of Economic Theory, 145(4), 13251353.

Convergence in Macroeconomics: The Labor Wedge (2009) American Economic Journal: Macroeconomics, 1(1): 280–297.

Liquidity and Insurance for the Unemployed (2008) (with Ivan Werning) American Economic Review, 98(5): 1922-1942.

The Probability of Finding a Job (2008) American Economic Review (Papers and Proceedings), 98(2): 268-273.

Mismatch (2007) American Economic Review, 97(4): 1074-1101.

Reservation Wages and Unemployment Insurance (2007) Quarterly Journal of Economics, 122(3): 1145-1185.

Daron Acemoglu: 2005 John Bates Clark Medalist (2007) Journal of Economic Perspectives, 21(1): 191-207.

On-the-job Search and Strategic Bargaining (2006) European Economic Review, 50(4): 811-830.  Also published in Structural Models of Wage and Employment Dynamics, conference volume in honor of Dale Mortensen, edited by Henning Bunzel, Bent J. Christensen, George R. Neumann, and Jean-Marc Robin, Elsevier, 2006.

Search Theoretic Models of the Labor Market (2005) (with Richard Rogerson and Randall Wright) Journal of Economic Literarture, 43(4): 959-988.

The Assignment of Workers to Jobs in an Economy with Coordination Frictions (2005) Journal of Political Economy, 113(5): 996-1025.

The Cyclicality of Hires, Separations, and Job-to-Job Transitions (2005) Federal Reserve Bank of St. Louis Review, 87(4): 493-507.

The Cyclical Behavior of Equilibrium Unemployment and Vacancies (2005) American Economic Review, 95(1): 25-49.

The Consequences of Rigid Wages in Search Models (2004) Journal of the European Economic Association (Papers and Proceedings), 2: 469-479.

Changes in Unemployment Duration and Labor Force Attachment (2002) (with Katharine Abraham) The Roaring Nineties, edited by Alan Krueger and Robert Solow, Russell Sage Foundation, 367-420.

The Impact of Young Workers on the Aggregate Labor Market (2001) Quarterly Journal of Economics , 116: 969-1007.

Matching, Search, and Heterogeneity (2001) (with Lones Smith) Advances in Macroeconomics (BE Journals in Macroeconomics) 1(1): Article 5.

Wage and Technology Dispersion (2000) (with Daron Acemoglu) Review of Economic Studies, 67: 585-608.

Productivity Gains from Unemployment Insurance (2000) (with Daron Acemoglu) European Economic Review, 44: 1195-1224.

Assortative Matching and Search (2000) (with Lones Smith) Econometrica, 68(2): 343-370.

Holdups and Efficiency with Search Frictions (1999) (with Daron Acemoglu) International Economic Review, 40: 827-851.

Efficient Unemployment Insurance (1999) (with Daron Acemoglu) Journal of Political Economy, 107, pp. 893-928.

Why is the U.S. Unemployment Rate So Much Lower? (1998) in NBER Macroeconomics Annual, ed. by Ben Bernanke and Julio Rotemberg, vol. 13. MIT Press, Cambridge, MA, pp. 11-61.

 

Much of this material is based upon work supported by the National Science Foundation under Grants 9709881, 0079345, and 0351352 and 0648842. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the National Science Foundation.