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

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

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  • Fajgelbaum, Pablo; Schaal, Edouard (2019-12)
    We study optimal transport networks in spatial equilibrium. We develop a framework consisting of a neoclassical trade model with labor mobility in which locations are arranged on a graph. Goods must be shipped through ...
  • 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 ...
  • 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 ...

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