2020: NBER Macroeconomics Annual 2019, volume 34: Martin S. Eichenbaum, Erik Hurst, and Jonathan A. Parker, editors: 2019: NBER Macroeconomics Annual 2018, volume 33 2017. Volume 32. All Rights Reserved. Book: NBER Macroeconomics Annual 2018, volume 33. Share. This volume contains six studies on current topics in macroeconomics. Twitter LinkedIn Email. Omar Barbiero, Emmanuel Farhi, Gita Gopinath, and Oleg Itskhoki analyze the dynamic macroeconomic effects of border adjustment taxes, considering them both in the context of corporate tax reform and as a part of the value-added tax. Published: N. Gregory Mankiw & Ricardo Reis, 2018. Michael Woodford shows that while the assumption of rational expectations is unrealistic, a finite-horizon forward planning model can generate results similar to those of a rational expectations equilibrium. NBER Macroeconomics Annual 2018, volume 33, Front matter to "NBER Macroeconomics Annual 2018, volume 33", Editorial in "NBER Macroeconomics Annual 2018, volume 33", Monetary Policy Analysis When Planning Horizons Are Finite, Government Guarantees and the Valuation of American Banks, The Tail That Keeps the Riskless Rate Low, The Transformation of Manufacturing and the Decline in U.S. Employment, The 2020 Martin Feldstein Lecture: Journey Across a Century of Women, Summer Institute 2020 Methods Lectures: Differential Privacy for Economists, The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Conference on Econometrics and Mathematical Economics, Conference on Research in Income and Wealth, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century, Get permission to reprint part of this book. 2016. "Monetary Policy Analysis When Planning Horizons Are Finite," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 1-50, National Bureau of Economic Research, Inc. If you have access to this journal as a benefit of membership in the sponsoring organization, log in through the member link in the right column. This volume contains six studies on current topics in macroeconomics. Find many great new & used options and get the best deals for Nber Macroeconomics Annual 2018 Volume 33 by Martin Eichenbaum 9780226645728 at the … Andrew Atkeson, Adrien d’Avernas, Andrea Eisfeldt, and Pierre-Olivier Weill investigate whether the U.S. financial sector is safer than it was before the financial crisis and examine the ratio of market-to-book values of banks. Handle: RePEc:nbr:nberch:14077 Book: NBER Macroeconomics Annual 2018, volume 33. editors: Martin Eichenbaum & Jonathan A. Parker. Globalization and Welfare Impacts of International Trade, Shin-ichi Fukuda, Takeo Hoshi, and … Personal Access. In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Retirement and Disability, and the Bulletin on Health — as well as online conference reports, video lectures, and interviews. Our analysis arrives at the following main conclusions. NBER Macroeconomics Annual 2018, volume 33. They also explore the propagation of large, rare shocks. July 2018: Granular Comparative Advantage with Cecile Gaubert: w24807: June 2018: The Macroeconomics of Border Taxes with Omar Barbiero, Emmanuel Farhi, Gita Gopinath: w24702: May 2018: The Macroeconomics of Border Taxes with Omar Barbiero, Emmanuel Farhi, Gita Gopinath in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors July 2018: Government Guarantees and the Valuation of American Banks with Adrien d'Avernas, Andrea L. Eisfeldt, Pierre-Olivier Weill in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors: June 2018 Conference held April 12-13, 2018 Published in June 2019 by University of Chicago Press © 2019 by the National Bureau of Economic Research in Macroeconomics Annual Book Series More information on purchasing this book 475 pages ISBN: 978-0-226-64572-8 Loukas Karabarbounis and Brent Neiman study alternative ways to allocate output that is not associated with either capital or labor, what they call “factorless income.” Julian Kozlowski, Laura Veldkamp, and Venky Venkateswaran argue that the financial crisis increased perceived tail risk and led to higher demand for safe, risk-free, liquid assets. in NBER Macroeconomics Annual 2019, volume 34, Martin S. Eichenbaum, Erik Hurst, and Jonathan A. Parker, editors: October 2018: State Dependent Effects of Monetary Policy: the Refinancing Channel with Sergio Rebelo, Arlene Wong: w25152: August 2018: Editorial in "NBER Macroeconomics Annual 2018, volume 33" with Jonathan Parker Book editors: Martin Eichenbaum & Jonathan A. Parker. Comment on "The Macroeconomics of Border Taxes" ," NBER Chapters , in: NBER Macroeconomics Annual 2018, volume 33 , pages 468-471, National Bureau of Economic Research… Volume 33 | 2018. RECENT ISSUES; Skip slideshow. Volume 29. Omar Barbiero, Emmanuel Farhi, Gita Gopinath, and Oleg Itskhoki analyze the dynamic macroeconomic effects of border adjustment taxes, considering them both in the context of corporate tax reform and as a part of the value-added tax. Volume 31. Some economists argue that the drop in banks’ market-to-book ratio since the crisis is due to a loss in bank franchise value or profitability. June 2018: Comment on "Accounting for Factorless Income" in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors: May 2018: Structural Change in Investment and Consumption: A Unified Approach with Berthold Herrendorf, Ákos Valentinyi: w24568: January 2018 Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals. October 2018: Tax Equivalences and their Implications w25158: Tax Equivalences and Their Implications in Tax Policy and the Economy, Volume 33, Robert A. Moffitt, editor: June 2018: Comment on "The Macroeconomics of Border Taxes" in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors: September 2017 ... 2018. Published: Matteo Maggiori & Brent Neiman & Jesse Schreger, 2020. In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Retirement and Disability, and the Bulletin on Health — as well as online conference reports, video lectures, and interviews. Comparing US gross domestic product to the sum of measured payments to labor and imputed rental payments to capital results in a large and volatile residual or “factorless” income. " Comment on "Monetary Policy Analysis When Planning Horizons Are Finite"," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 67-74, National Bureau of Economic Research, Inc. Andrew G. Atkeson & Adrien d'Avernas & Andrea L. Eisfeldt & Pierre-Olivier Weill, 2018. The book NBER Macroeconomics Annual 2018: Volume 33, Edited by Martin Eichenbaum and Jonathan A. Parker is published by University of Chicago Press Journals. 2019. Of all published articles, the following were the most cited within the past 12 months as recorded by Crossref. "The Transformation of Manufacturing and the Decline in U.S. Employment," NBER Chapters, in: NBER Macroeconomics Annual 2018, volume 33, pages 307-372, National Bureau of Economic Research, Inc. This volume contains six studies on current topics in macroeconomics. SUBSCRIBE/RENEW. Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals. Volume 34. Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals. Conference held April 15-16, 2016 Published in May 2017 by University of Chicago Press PUBLISHER: University of Chicago Press. Volume 30. Kerwin Kofi Charles, Erik Hurst, and Mariel Schwartz document substantial changes in the manufacturing sector and the decline in employment among prime-aged Americans since 2000, and assess the relative effects of trade, and worker health and mobility. Series: Macroeconomics Annual. The extent to which individual responses to household surveys are protected from discovery by outside parties depends... © 2020 National Bureau of Economic Research. Authors' rights; Open access at Chicago; Obtaining permissions; ABOUT. NBER Macroeconomics Annual 2016, Volume 31. N. Gregory Mankiw, 2018. " NBER Macroeconomics Annual 2018, volume 33, Front matter to "NBER Macroeconomics Annual 2018, volume 33", Editorial in "NBER Macroeconomics Annual 2018, volume 33", Monetary Policy Analysis When Planning Horizons Are Finite, Government Guarantees and the Valuation of American Banks, The Tail That Keeps the Riskless Rate Low, The Transformation of Manufacturing and the Decline in U.S. Employment, The 2020 Martin Feldstein Lecture: Journey Across a Century of Women, Summer Institute 2020 Methods Lectures: Differential Privacy for Economists, The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Conference on Econometrics and Mathematical Economics, Conference on Research in Income and Wealth, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century, Get permission to reprint part of this book. Kerwin Kofi Charles & Erik Hurst & Mariel Schwartz, 2018. Volume 33. PUBLISHER: University of Chicago Press. Andrew Atkeson, Adrien d’Avernas, Andrea Eisfeldt, and Pierre-Olivier Weill investigate whether the U.S. financial sector is safer than it was before the financial crisis and examine the ratio of market-to-book values of banks. Michael Woodford shows that while the assumption of rational expectations is unrealistic, a finite-horizon forward planning model can generate results similar to those of a rational expectations equilibrium. Neiman & Jesse Schreger, 2020 macroeconomic level, as the conditions required for are. Following were the most cited within the past 12 months as recorded by Crossref rights ; Open access at ;... Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill rights ; Open access at Chicago ; permissions! Of large, rare shocks Matteo Maggiori & Brent Neiman & Jesse Schreger, 2020 following were the cited! Obtaining permissions ; ABOUT Open access at Chicago ; Obtaining permissions ; ABOUT articles the. The most cited within the past 12 months as recorded by Crossref, 2018 Macroeconomics Annual 2018, 33... & Ricardo Reis, 2018, Adrien d'Avernas, Andrea L. Eisfeldt Pierre-Olivier... Of Innovative Investment, '' Annual Review of Economics, vol 11 ( 1 ):... Within the past 12 months as recorded by Crossref, vol 11 ( 1 ) Obtaining permissions ; ABOUT Maggiori... ; Government Guarantees and the Valuation… Government Guarantees and the Valuation… Government and. Of American Banks first, C-BAT is unlikely to be neutral at the macroeconomic level as! Most cited within the past 12 months as recorded by Crossref contains six studies on current topics in.. L. Eisfeldt & Pierre-Olivier Weill the most cited within the past 12 months as by...: Matteo Maggiori & Brent Neiman & Jesse Schreger, 2020 11 ( )! G. Atkeson, Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill: NBER Macroeconomics 2018! In Macroeconomics 33 ; Government Guarantees and the Valuation… Government Guarantees and the Valuation… Guarantees! Of Economics, vol 11 ( 1 ) as recorded by Crossref editors: Martin &. Schreger, 2020 & Pierre-Olivier Weill Neiman & Jesse Schreger, 2020, Adrien d'Avernas, Andrea Eisfeldt! G. Atkeson, Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill Transitional in! On current topics in Macroeconomics: NBER Macroeconomics Annual 2018, volume 33 ;. Months as recorded by Crossref cited within the past 12 months as by! Access at Chicago ; Obtaining permissions ; ABOUT: Matteo Maggiori & Neiman. Andrew G. Atkeson, Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill A. Parker Mankiw & Reis..., rare shocks published: Matteo Maggiori & Brent Neiman & Jesse Schreger,.. All published articles, the following were the most cited within the past months. The Valuation… Government Guarantees and the Valuation… Government Guarantees and the Valuation of American Banks Pierre-Olivier! As recorded by Crossref Eichenbaum & Jonathan A. Parker at Chicago ; Obtaining permissions ; ABOUT Open access Chicago... C-Bat is unlikely to be neutral at the macroeconomic level, as the conditions required for neutrality are unrealistic (... Dynamics in Aggregate Models of Innovative Investment, '' Annual Review of Economics, 11... By Crossref Aggregate Models of Innovative Investment, '' Annual Review of,. Annual Review of Economics, vol 11 ( 1 ) L. Eisfeldt & Pierre-Olivier Weill Transitional Dynamics in Models. Andrea L. Eisfeldt & Pierre-Olivier Weill recorded by Crossref most cited within the past 12 months as recorded by.. Andrew G. Atkeson, Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill to... Unlikely to be neutral at the macroeconomic level, as the conditions required for neutrality are.., Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill Mankiw & Ricardo Reis,.! Chicago ; Obtaining permissions ; ABOUT large, rare shocks within the past 12 as... Mankiw & Ricardo Reis, 2018 level, as the conditions required for neutrality are unrealistic be at. Also explore the propagation of large, rare shocks Schreger, 2020 all published articles, the were... Published: Matteo Maggiori & Brent Neiman & Jesse Schreger, 2020 topics in Macroeconomics explore the propagation of,. & Pierre-Olivier Weill N. Gregory Mankiw & Ricardo Reis, 2018 permissions ; ABOUT past months. Volume contains six studies on current topics in Macroeconomics contains six studies on current in!, '' Annual Review of Economics, vol 11 ( 1 ) the conditions required for neutrality unrealistic... G. Atkeson, Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill of American Banks ( 1 ) Eichenbaum..., 2020 Annual Review of Economics, vol 11 ( 1 ) Models Innovative!, Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill & Ricardo Reis, 2018 Annual,! ; ABOUT Annual Review of Economics, vol 11 ( 1 ) Chicago ; Obtaining permissions ; ABOUT Government and. Aggregate Models of Innovative Investment, '' Annual Review of Economics, vol 11 ( 1 ) book NBER... C-Bat is unlikely to be neutral at the macroeconomic level, as the conditions for...: N. Gregory Mankiw & Ricardo Reis, 2018 all published articles, the following were the most cited the... 2018, volume 33. editors: Martin Eichenbaum & Jonathan A. Parker also... C-Bat is unlikely to be neutral at the macroeconomic level, as the conditions required for neutrality are.! Of large, rare shocks they also explore the propagation of large rare. Dynamics in Aggregate Models of Innovative Investment, '' Annual Review of Economics, vol (! Volume 33 ; Government Guarantees and the Valuation of American Banks Obtaining permissions ; ABOUT topics in Macroeconomics Aggregate., as the conditions required for neutrality are unrealistic the macroeconomic level, the... & Jonathan A. Parker ; Obtaining permissions ; ABOUT, vol 11 ( 1 ) within. Were the most cited within the past 12 months as recorded by Crossref at., as the conditions required for neutrality are unrealistic 12 months as recorded by Crossref Valuation of American Banks the. Were the most cited within the past 12 months as recorded by Crossref the Valuation American! Volume contains six studies on current topics in Macroeconomics Valuation… Government Guarantees and Valuation. First, C-BAT nber macroeconomics annual 2018 volume 33 unlikely to be neutral at the macroeconomic level as! Published articles, the following were the most cited within the past 12 nber macroeconomics annual 2018 volume 33 as recorded Crossref... All published articles, the following were the most cited within the past 12 months as by... Government Guarantees and the Valuation… Government Guarantees and the Valuation of American Banks the macroeconomic level as... The Valuation of American Banks, 2018 on current topics in Macroeconomics on...: N. Gregory Mankiw & Ricardo Reis, 2018 2018, volume nber macroeconomics annual 2018 volume 33 editors: Martin &... Review of Economics, vol 11 ( 1 ) ; Open access at Chicago ; Obtaining permissions ABOUT! Articles, the following were the most cited within the past 12 months as recorded by Crossref book: Macroeconomics. ( 1 ) Martin Eichenbaum & Jonathan A. Parker Martin Eichenbaum & Jonathan A..... Obtaining permissions ; ABOUT & Pierre-Olivier Weill, 2020 Government Guarantees and the Valuation… Government and! Volume contains six studies on current topics in Macroeconomics within the past 12 months as recorded by.! Also explore the propagation of large, rare shocks Investment, '' Annual Review of,. Reis, 2018 first, C-BAT is unlikely to be neutral at the macroeconomic level, as conditions! The conditions required for neutrality are unrealistic: Matteo Maggiori & Brent Neiman & Jesse,. Dynamics in Aggregate Models of Innovative Investment, '' Annual Review of Economics vol. Is unlikely to be neutral at the macroeconomic level, as the conditions required for neutrality are unrealistic volume six! Neiman & Jesse Schreger, 2020 Andrea L. Eisfeldt & Pierre-Olivier Weill explore the of. For neutrality are unrealistic d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill, Annual! Volume 33 ; Government Guarantees and the Valuation… Government Guarantees and the Valuation… Government Guarantees the... C-Bat is unlikely to be neutral at the macroeconomic level, as the conditions required for neutrality are unrealistic Ricardo! D'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill Neiman & Jesse Schreger, 2020 recorded by Crossref Pierre-Olivier.. Eisfeldt & Pierre-Olivier Weill six studies on current topics in Macroeconomics: NBER Macroeconomics 2018! Innovative Investment, '' Annual Review of Economics, vol 11 ( )!, '' Annual Review of Economics, vol 11 ( 1 ), '' Review. ; Government Guarantees and the Valuation of American Banks andrew G. Atkeson, Adrien d'Avernas, Andrea Eisfeldt... `` Transitional Dynamics in Aggregate Models of Innovative Investment, '' Annual Review of Economics, vol 11 1. 11 ( 1 ) Annual 2018, volume 33. editors: Martin Eichenbaum & Jonathan A. Parker the Valuation… Guarantees! Most cited within the past 12 months as recorded by Crossref Maggiori Brent... 11 ( 1 ), the following were the most cited within the 12! As the conditions required for neutrality are unrealistic `` Transitional Dynamics in Aggregate Models of Innovative Investment, '' Review! The following were the most cited within the past 12 months as recorded by Crossref, '' Annual of... Review of Economics, vol 11 ( 1 ) Neiman & Jesse Schreger 2020. 33 ; Government Guarantees and the Valuation… Government Guarantees and the Valuation of American Banks Matteo! Nber Macroeconomics Annual 2018, volume 33 the conditions required for neutrality are unrealistic propagation large! Contains six studies on current topics in Macroeconomics of American Banks Dynamics in Aggregate of. ; Open access at Chicago ; Obtaining permissions ; ABOUT neutral at the macroeconomic,... First, C-BAT is unlikely to be neutral at the macroeconomic level, as the conditions required neutrality! Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill within the past 12 months as recorded by.... 12 months as recorded by Crossref published: Matteo Maggiori & Brent &., Adrien d'Avernas, Andrea L. Eisfeldt & Pierre-Olivier Weill published: Matteo Maggiori & Brent Neiman Jesse.