Research

Working papers


Optimism about Graduation and College Financial AidEmily G. Moschini, Gajendran Raveendranathan, and Ming Xu (2024)Revised and Resubmitted, American Economic Journal: MacroeconomicsDownload paper version 3                    Download paper version 2                    Download paper version 1                    Download paper version 0     
College Financial Aid Application FrictionsEmily G. Moschini and Gajendran Raveendranathan (2024)SubmittedDownload paper version 1     Download paper version 0 (previously titled The Welfare Cost of Under-utilization of Need-based College Financial Aid)      
Rate Caps on Revolving Credit Lines: Who Benefits?Gajendran Raveendranathan, Georgios Stefanidis, and Guillaume Sublet (2023) Revise & Resubmit, Journal of Political Economy MacroeconomicsDownload paper Version 1Download paper Version 0 (previously titled Designing "Win-Win" Rate Caps)
The Impact of U.S. employer-sponsored Insurance in the 20th Century Vegard M. Nygaard and Gajendran Raveendranathan (2022)Reject and Resubmit, Journal of Labor EconomicsDownload paper version 2 (most recent)Download paper version 1Download paper version 0   

Peer reviewed publications


The Unprecedented Fall in U.S. Revolving Credit Gajendran Raveendranathan and Georgios Stefanidis (2024) International Economic ReviewPublished VersionDownload paper Version 4Download paper Version 3 Download paper Version 2Download paper Version 1Download paper Version 0       
Who Bears the Welfare Costs of Monopoly? The Case of the Credit Card Industry Kyle Herkenhoff and Gajendran Raveendranathan (2024)Accepted, Review of Economic StudiesPublished VersionDownload paper Version 5Download paper Version 4Download paper Version 3Download paper Version 2Download paper Version 1      Non-technical summaryDownload paper Version 0                 
The Cost of Trade Disruptions at Different Stages of DevelopmentJuan C. Conesa, Matthew J. Delventhal, Pau S. Pujolas, and Gajendran Raveendranathan (2024) International Economic Review, 65(3), 1133-1161Download paper
Firm Entry and Exit during RecessionsJoao Ayres and Gajendran Raveendranathan (2023)Review of Economic Dynamics, 47, 47-66 Download paper     Online Appendix     Data, code, and LaTeX
Revolving Credit Lines and Targeted Search(previously titled Improved Matching, Directed Search, and Long-term Contracts in the Credit Card Market)Gajendran Raveendranathan (2020) Journal of Economic Dynamics and Control, 118Download paper       
Implications of Increasing College Attainment for Aging in General EquilibriumJuan C. Conesa, Timothy J. Kehoe, Vegard M. Nygard, and Gajendran Raveendranathan (2020)European Economic Review, 122Download paper       In the media:  The Region (FRB Minneapolis) , VOX EU
Macroeconomic Effects of Medicare Juan C. Conesa, Daniela V. Costa, Parisa Kamali, Timothy J. Kehoe, Vegard M. Nygard, Gajendran Raveendranathan, and Akshar Saxena (2018)The Journal of the Economics of Ageing, 11, 27-40Download paper                    Link to code and data

Non-peer reviewed publications


Macroeconomic Effects of Ageing and Healthcare Policy in the United StatesJuan C. Conesa, Timothy J. Kehoe, Vegard M. Nygard, and Gajendran Raveendranathan (2019)In D. E. Bloom (ed.), Live Long and Prosper? The Economics of Ageing Populations, CEPR PressDownload paper                    
The Stages of Economic Growth Revisited, Part 2: Catching Up to and Joining the Economic Leader Daniela V. Costa, Timothy J. Kehoe, and Gajendran Raveendranathan (2016)Federal Reserve Bank of Minneapolis, Economic Policy Paper, 16-6Download paper                    Link to data
The Stages of Economic Growth Revisited, Part 1: A General Framework and Taking Off into Growth Daniela V. Costa, Timothy J. Kehoe, and Gajendran Raveendranathan (2016)Federal Reserve Bank of Minneapolis, Economic Policy Paper, 16-5Download paper         Link to data