David Baqaee

Working Papers:

• Aggregate Efficiency with Heterogeneous Agents with A. Burstein

• Efficiency Costs of Incomplete Markets with A. Burstein

• Aggregate Efficiency with Discrete Choice with A. Burstein

• Quotas in General Equilibrium with K. Sangani

• Long-Run Comparative Statics [slides] with H. Malmberg

  • Long-Run Consequences of Sanctions on Russia with H. Malmberg

  • Long-Run effects of Trade Wars with H. Malmberg

• Consumer Surplus from Suppliers: How Big is it and Does it Matter for Growth? [slides] with A. Burstein, C. Duprez, and E. Farhi
  (Conditionally Accepted Econometrica)

• Sufficient Statistics for Measuring Forward-Looking Welfare with A. Burstein and Y. Koike-Mori

• International Income Comparisons by Matching Households Across Countries with A. Burstein and J. Cravino

• Entry vs. Rents with E. Farhi

• Nonlinear Production Networks with an Application to the Covid-19 Crisis  with E. Farhi

• Macroeconomics with Heterogeneous Agents and Input-Output Networks [Appendix] with E. Farhi 

• A Short Note on Aggregating Productivity with E. Farhi

• Targeted Fiscal Policy (previously circulated as Labor Intensity in an Interconnected Economy).

Publications:

• Networks, Barriers, and Trade [video ] [replication materials] with E. Farhi
  (Econometrica: 2024)

• Measuring Welfare by Matching Households Across Time [online appendix] [slides] with A. Burstein and Y. Koike-Mori
  (Quarterly Journal of Economics: 2024)

• Supply-Side Effects of Monetary Policy [slides] [voxEu Summary] with E. Farhi and K. Sangani
  (Journal of Political Economy: 2024)

• What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia (policy paper) with R. Bachmann, C. Bayer, A. Loschel, M. Kuhn, B. Moll, A. Peichl, K. Pittel, and M. Shcularik
  (Economica: 2024)

• The Darwinian Returns to Scale [slides] [demand system] [replication code] with E. Farhi and K. Sangani
  (Review of Economic Studies: 2024)

• Micro Propagation and Macro Aggregation [teaching slides] [tex for slides] with E. Rubbo
  (Annual Review of Economics: 2023)

• Welfare and Output with Income Effects and Taste Shocks [online appendix][slides] with A. Burstein
  (Quarterly Journal of Economics: 2022)

• Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis [slides] [voxEu Summary] with E. Farhi
  (American Economic Review: 2022)

• Keynesian Production Networks and the Covid-19 Crisis: A Simple Benchmark with E. Farhi
  (AEA Papers & Proceedings: 2021)

• Policies for a Second Wave with E. Farhi, M. Mina, and J. Stock
  (Brookings Papers on Economic Activity: 2020)

• Productivity and Misallocation in General Equilibrium  [slides][VoxEU Summary]  with E. Farhi 
  (Quarterly Journal of Economics: 2020)

• The Microeconomic Foundations of the Aggregate Production Function with E. Farhi 
  (Journal of the European Economic Association:2019)

• The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem [slides][press coverage] [erratum] with E. Farhi
  (Econometrica: 2019)

• Cascading Failures in Production Networks  [slides][Older Longer Version]
  (Econometrica: 2018)

• Asymmetric Inflation Expectations, Downward Rigidity of Wages,and Asymmetric Business Cycles 
  (Journal of Monetary Economics: 2019)