Browsing by Author "Barnichon, Régis"

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  • Declining labor force attachment and downward trends in unemployment and participation
    Barnichon, Régis; Figura, Andrew (2013-10-01)
    The US labor market witnessed two apparently unrelated secular movements in the last 30 years: a decline in unemployment between the early 1980s and the early 2000s, and a decline in participation since the early 2000s. ...
  • Essays in applied macroeconomics
    Ziegenbein, Alexander (Universitat Pompeu Fabra, 2018-10-03)
    The thesis is a collection of three self-contained essays. In the first chapter, I present evidence that the effects of US tax changes on output depend on the level of economic slack. Tax cuts have large effects in good ...
  • Evaluating policy institutions -150 years of US monetary policy-
    Barnichon, Régis; Mesters, Geert (2023-10-01)
    How should we evaluate and compare the performances of policy institutions? We propose to evaluate institutions based on their reaction function, i.e., on how well they reacted to the different shocks that hit the economy. ...
  • Fiscal targeting
    Barnichon, Régis; Mesters, Geert (2021-07-26)
    Fiscal rules are widely used to constrain policy decisions and promote fiscal discipline, but the design of flexible yet effective rules has proved a formidable task. In this paper, we propose to implement fiscal constraints ...
  • Identifying modern macro equations with old shocks
    Barnichon, Régis; Mesters, Geert (2019-05-08)
    Despite decades of research, the consistent estimation of structural forward looking macroeconomic equations remains a formidable empirical challenge because of pervasive endogeneity issues. Prominent cases |the estimation ...
  • Impulse response estimation by smooth local projections
    Barnichon, Régis; Brownlees, Christian, 1979- (MIT Press, 2019)
    Local projections (LP) is a popular methodology for the estimation of impulse responses (IR). Compared to the traditional VAR approach, LP allow for more flexible IR estimation by imposing weaker assumptions on the dynamics ...
  • Labor market heterogeneity and the aggregate matching function
    Barnichon, Régis; Figura, Andrew (2010-10-01)
    The matching function -a key building block in models of labor market frictions- implies that the job finding rate depends only on labor market tightness. We estimate such a matching function and find that the relation, ...
  • Optimal policy perturbations
    Barnichon, Régis; Mesters, Geert (2020-04-01)
    Model mis-specification remains a major concern in macroeconomics, and policy makers must often resort to heuristics to decide on policy actions; combining insights from multiple models and relying on judgment calls. ...
  • The Economic impact, location choices and assimilation of immigrants
    Albert, Christoph (Universitat Pompeu Fabra, 2018-10-31)
    This dissertation consists of three self-contained essays. In the first chapter, I study the labor market impact of documented and undocumented immigration in a search model with non-random hiring that is parameterized ...
  • The Phillips multiplier
    Barnichon, Régis; Mesters, Geert (2019-01-11)
    We propose a model-free approach for determining the inflation-unemployment trade-off faced by a central bank, i.e., the ability of a central bank to transform unemployment into inflation (and vice versa) via its interest ...
  • Understanding the size of the government spending multiplier: It's in the sign
    Barnichon, Régis; Matthes, Christian (2016-05-01)
    Despite intense scrutiny, estimates of the government spending multiplier remain highly uncertain, with values ranging from 0.5 to 2. While an increase in government spending is generally assumed to have the same (mirror-image) ...
  • Understanding the size of the government spending multiplier: It’s in the sign
    Barnichon, Régis; Debortoli, Davide; Matthes, Christian (2019-02-01)
    Suport Tecnologic a la Recerca Pàgina no trobada L'adreça de la pàgina a la qual voleu accedir no és correcta, o bé la destinació d'aquest enllaç ha canviat d'adreça. Podeu enviar un missatge al webmàster tot indicant quina ...

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