Publications
Disincentive Effects of Unemployment Insurance Benefits
with Andreas Hornstein, Marios Karabarbounis, Etienne Lalé and Lien Ta, May 2026, Journal of Monetary Economics (forthcoming)
Richmond Fed Economic Brief
When Neighbors Stop Knocking: The Impact of Canada's 2025 Tourism Decline on U.S. Local Labor Markets
with Etienne Lalé and Julien Martin, May 2026, Journal of International Economics 162, 104269
CEPR Working Paper | VoxEU column | ProMarket column | Media coverage: LaPresse
The Impact of Non-Competes on Wages and Job Tenure: New Evidence from NLSY Data
with Tristan Potter and Bart Hobijn, May 2026, American Economic Review Papers & Proceedings 116: 273–277
Measuring Small Business Dynamics and Employment with Private-Sector Real-Time Data
with Etienne Lalé and Lien Ta, October 2025, Journal of Public Economics 250, 105477
Appendix | Video | FESAC presentation | Media coverage: WSJ, WSJ, WSJ, Politico
On the Inefficiency of Non-Competes in Low-Wage Labor Markets
with Tristan Potter and Bart Hobijn, February 2024, Economica 91 (362), 446-496
School Closures and Effective In-Person Learning during Covid-19
with Etienne Lalé, August 2023, Economics of Education Review 95, 102422
IZA summary | Video | EIPL dataset
The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures
with Nicola Fuchs-Schündeln, Dirk Krueger, Etienne Lalé, Alexander Ludwig and Irina Popova,
February 2023, IMF Economic Review 71, 35-98
Video
Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks
with Eric Sims, May 2021, Review of Economics and Statistics 103(2), 216-235
Appendix | Replication code
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 | Replication 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 | Replication code
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
Replication code
Efficiency Wages Revisited: The Internal Reference Perspective
with Jean-Pierre Danthine, February 2006, Economics Letters 90, 278-284
Appendix and Replication code
Quantifying the Uncertainty about the Fit of a New Keynesian Pricing Model
September 2005, Journal of Monetary Economics 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 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 88(4), 49-95