Browsing Working Papers CREI (Centre de Recerca en Economia Internacional) by Title

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Uncertainty and unemployment

Schaal, Edouard (2017-05)

This paper studies the impact of time-varying idiosyncratic risk at the establishment level on aggregate unemployment fluctuations and on the labor market over the period 1972-2009. I build a tractable search-and-matching ...
Uncertainty traps

Fajgelbaum, Pablo; Schaal, Edouard; Taschereau-Dumouchel, Mathieu (2019)

We develop a theory of endogenous uncertainty and business cycles in which short-lived shocks can generate long-lasting recessions. In the model, higher uncertainty about fundamentals discourages investment. Since agents ...
Why has construction productivity stagnated?: the role of land-use regulation

D’Amico, Leonardo; Glaeser, Edward; Gyourko, Joseph; Kerr, William; Ponzetto, Giacomo A. M. (2024-11-14)

We document a Kuznets curve for construction productivity in 20th-century America. Homes built per construction worker remained stagnant between 1900 and 1940, boomed after World War II, and then plummeted after 1970. The ...

Now showing items 40-42 of 42

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