Research - André Kurmann

Working papers

Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks
with Eric Sims, August 2019

revise and resubmit Review of Economics and Statistics

Appendix

The Impact of Chinese Trade on U.S. Employment: The Good, The Bad, and The Debatable
with Nick Bloom, Kyle Handley and Phil Luck, July 2019

Downward Wage Rigidity in the United States: New Evidence from Worker-Firm Linked Data
with Erika McEntarfer, December 2018

(this work started as a collaboration with Jim Spletzer; a draft of this earlier work can be found here)

News Shocks and Inflation: Lessons for New Keynesians

with Chris Otrok, April 2017

New Evidence on the Relationship between News Shocks and the Slope of the Term Structure

with Chris Otrok, June 2016

Appendix

Do Workers Feel Entitled to High Wages? Evidence from a Field Experiment
with Matthieu Chemin, October 2014

Appendix

Asset Value Constraints in Models of Incomplete Factor Taxation

with David Arseneau and Sanjay Chugh, November 2009

Optimal Capital Taxation in an Economy with Capital Allocation Frictions

with David Arseneau and Sanjay Chugh, September 2008

Search Frictions in Physical Capital Markets as a Propagation Mechanism

with Nicolas Petrosky-Nadeau, April 2007

Publications

Dynamic Inefficiency in Decentralized Capital Markets

with Stanislav Rabinovich, January 2018

Journal of Economic Theory 173, 231-256

News Shocks and the Term Structure of Interest Rates: Reply
with Chris Otrok, October 2017

American Economic Review 107(10), 3250-3256
Appendix | Matlab code

Reconciling the Divergence in Aggregate U.S. Wage Series
with Julien Champagne and Jay Stewart, August 2017

Labour Economics 49, 27-41

Appendix

Stock Prices, News, and Economic Fluctuations: Comment
with Elmar Mertens, April 2014

American Economic Review 104(4), 1439-1450
Appendix | Matlab code | FEDS working paper

Holdups and Overinvestment in Capital Markets

May 2014

Journal of Economic Theory 151, 88-113

Appendix

News Shocks and the Slope of the Term Structure of Interest Rates

with Chris Otrok, October 2013
American Economic Review 103(6), 2612-32

Appendix

The Great Increase in Relative Volatility of Real Wages in the United States

with Julien Champagne, March 2013

Journal of Monetary Economics 60, 166-183

Appendix

The Business Cycle Implications of Reciprocity in Labor Relations

with Jean-Pierre Danthine, October 2010

Journal of Monetary Economics 57(7), 837-850

Appendix

The Macroeconomic Consequences of Reciprocity in Labor Relations

with Jean-Pierre Danthine, December 2007

Scandinavian Journal of Economics 109(4), 857-881

Appendix

VAR-based Estimation of Euler Equations with an Application to New Keynesian Pricing

March 2007

Journal of Economic Dynamics and Control 31(3), 767-796

Matlab code

Efficiency Wages Revisited: The Internal Reference Perspective

with Jean-Pierre Danthine, February 2006

Economics Letters vol. 90, 278-284

Appendix and Matlab code

Quantifying the Uncertainty about the Fit of a New Keynesian Pricing Model

September 2005

Journal of Monetary Economics, vol. 52(6), 1119-1134

Extended working paper version

Fair Wages in a New Keynesian Model of the Business Cycle

with Jean-Pierre Danthine, January 2004

Review of Economic Dynamics, vol. 7(1), 107-142

Matlab code

Expectations and the Term Structure of Interest Rates: Evidence and Implications

with Robert G. King, Fall 2002

Federal Reserve Bank of Richmond Economic Quarterly vol. 88(4), 49-95