Publications

“Ambiguity Aversion and Heterogeneity in Households' Beliefs,” (2023), [with Luigi Paciello], American Economic Journal: Macroeconomics, forthcoming.

“From Weber to Kafka: Political Instability and the Overproduction of Laws,” (2020), [with Gabriele Gratton, Luigi Guiso, and Massimo Morelli], American Economic Review, forthcoming,  Online Appendix 

“The Extensive Margin of Aggregate Consumption Demand,” (2020), [with Luigi Paciello, and Andrea Pozzi],   Review of Economic Studies, forthcoming  Online Appendix

“Ambiguous Policy Announcements,” (2020), [with Luigi Paciello],   Review of Economic Studies,   87(5), 2356–2398

“Are They All Like Bill, Mark, and Steve?The Education Premium for Entrepreneurs,” (2020), [with Fabiano Schivardi], Labor Economics  67, 1019-33.

“ Labor Supply with Job Assignment  under Balanced Growth,” (2015), [with Josep Pijoan],  Journal of Economic Theory.

“Optimal Life Cycle Unemployment Insurance,” (2014), [with Hernan Ruffo],   American Economic Review, see Appendix

“Does Idiosyncratic Business Risk Matter for Growth?” (2013), [with Fabiano Schivardi],  Journal of the European Economic Association, 11(2), pp 343-368, see Appendix

“The Ins and Outs of Unemployment: An Analysis Conditional on Technology Shocks,” (2013), [with Fabio Canova and David Lopez Salido],   Economic Journal, 123 (569), 515-539, see Appendix

 “The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the US and Europe,” (2012), [with Alejandro Justiniano],  in NBER-ISOM Macro Annual Vol. 8.

“Intertemporal Labor Supply with Search Frictions” (2012), [with Josep Pijoan],   Review of Economic Studies  79(3), pp 899-931, see Appendix.

“Social Contacts and Occupational Choice,” (2010), [with Samuel Bentolila and Javier Suarez], Economica,77 (305), 20-45.

“The effects of Technology Shocks on hours and output: A Robustness Analysis,” (2010), [with Fabio Canova and David Lopez Salido], Journal of Applied Econometrics, 25(5), 755-773.

“Financial Markets and Wages,” (2009), [with Vincenzo Quadrini], Review of Economic Studies, 76 (2), 795-827.

“Technology Shocks and Job Flows,” (2007), [with David Lopez Salido], Review of Economic Studies ,74, see Appendix theory, see Appendix computation

 “Why So Many Local Entrepreneurs?,” (2007), [with Olmo Silva], Review of Economics and Statistics, 89(4).

 “Incomplete Wage Posting,” (2006), [with Javier Suarez], Journal of Political Economy, 114 (6), see Appendix

“Borrowing from employees:Wage dynamics with Financial Constraints,” (2005), [with Vincenzo Quadrini]  Journal of the European Economic Association, Papers and Proceedings 3 (2-3).

“Cross-Sectional Heterogeneity and the Persistence of Aggregate Fluctuations,” (2004), Journal of Monetary Economics, October, 51, 1321-1352

“Business Creation and the Stock Market,” (2004), [with Javier Suarez], Review of Economic Studies 71, 459-481.

“Low Returns in R&D Due to the Lack of Entrepreneurial Skills,” (2003), Economic Journal 113, 207-225. Reprinted in  “Entrepreneurship and Economic Growth,”  Carree and Thurik (eds.), Edward Elgar Publishing Ltd.  Also Reprinted in “The Growth of Cities,” Zoltan J. Acs (ed.), Edward Elgar Publishing Ltd.

“Unemployment Dynamics across OECD Countries,” (2001), [with Ravi Balakrishnan], European Economic Review 45, 135-165

 “(Fractional) Beta Convergence,’’ (2000), [with Paolo Zaffaroni], Journal of Monetary Economics 45, 129-153

“Employment and Output Adjustment in the OECD: A Disaggregate Analysis of the Role of Job Security Provisions,” (2000), [with Simon Burgess and Michael Knetter], Economica  67, 419-435