Journal Publications
Other Publications
Working Papers


Journal Publications



Declining dynamism, allocative efficiency, and the productivity slowdown, with John Haltiwanger, Ron S. Jarmin, and Javier Miranda. American Economic Review: Papers & Proceedings 107(5): 322-326. [pdf including online appendix] (FEDS Working Paper #2017-019) (AER link). Note: Papers & Proceedings volumes are not peer reviewed.

Coverage


Where Has All the Skewness Gone? The Decline in High-Growth (Young) Firms in the U.S., with John Haltiwanger, Ron S. Jarmin, and Javier Miranda. 2016. European Economic Review 86 (July): 4-23. [pdf] (CES working paper #15-43; NBER working paper #21776) [Web appendix]. Note: Figure 1 of the published draft is missing Y axis labels. See corrected figure here.

Selected Coverage:


Declining business dynamism: What we know and the way forward, with John Haltiwanger, Ron S. Jarmin, and Javier Miranda. 2016. American Economic Review: Papers & Proceedings 106(5): 203-207. [pdf]. Note: Papers & Proceedings volumes are not peer reviewed.    

Coverage:


Market exposure and endogenous firm volatility over the business cycle, with Pablo N. D'Erasmo and Hernan Moscoso Boedo. 2016. American Economic Journal: Macroeconomics 8(1): 148-98. [pdf]. Note: This paper originally circulated as "Intangibles and endogenous firm volatility over the business cycle".

Presentations:
  • November 2013 Midwest Macro meetings


The role of entrepreneurship in U.S. job creation and economic dynamism, with John Haltiwanger, Ron S. Jarmin, and Javier Miranda. 2014. Journal of Economic Perspectives 28:3-24. [pdf]

Presentations:
  • 2012 APPAM Fall Research Conference

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Other Publications



Leaving money on the table: Declining responsiveness and the productivity slowdown, with John Haltiwanger, Ron Jarmin, and Javier Miranda. VOXEU column, 12 July 2018.


Natural disasters and the measurement of industrial production: Hurricane Harvey, a case study, with Kimberly Bayard and Charles Gilbert. FEDS Note, 11 October 2017.



Changing business dynamism and productivity: Shocks vs. responsiveness with John Haltiwanger, Ron S. Jarmin, and Javier Miranda (under review). [pdf] [NBER working paper #24236] [FEDS working paper #2018-007]

This paper combines research from two previously circulating working papers: (1) "Changing business dynamism: Volatility of shocks vs. responsiveness to shocks?", and (2) "Declining business dynamism: Implications for productivity?". The latter paper was prepared for a Brookings Hutchins Center conference and is described here.

Presentations: OECD/BoC Global Productivity Forum, BYU, UNC IDEA Workshop 2017, Midwest Macro May 2017, Drexel University, George Mason University

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Entrepreneurship and state taxation, with E. Mark Curtis (last draft January 2018), FEDS working paper #2018-003 (under review). [pdf] [FEDS working paper #2018-003]. Note: This paper originally circulated as "Entrepreneurship and state policy".

Presentations: National Association of Realtors RealtorU, Southern Economic Association 2016 meeting, NBER Entrepreneurship and Economic Growth pre-conference and conference

Coverage


Improving the accuracy of economic measurement with multiple data sources: The case of payroll employment data, with Tomaz Cajner, Leland Crane, Adrian Hamins-Puertolas, and Christopher Kurz. (In preparation for 2019 NBER CRIW "Big data for 21st century economic statistics" conference).



Firm dynamics and local economic shocks: Evidence from the shale oil and gas boom, with Meagan McCollum and Gregory B. Upton Jr. [pdf] [new draft coming soon]

Presentations:
  • University of Hong Kong, Singapore Management University, J.P. Morgan Center for Commodities 2018 conference, NBER Summer Institute 2018 (entrepreneurship group), IFN Stockholm 2018 Entrepreneurship & Innovation conference, Union College, George Mason University, ASSA 2018, Federal Reserve System Energy Conference


An assessment of the National Establishment Time Series (NETS) database with Keith Barnatchez and Leland D. Crane (last draft October 2017). FEDS working paper #2017-110. [FEDS working paper #2017-110] [FRB Minneapolis System Working Paper 17-29]

 

Collateral damage: Housing, entrepreneurship, and job creation (last draft Jan 2015) [pdf].

Presentations:
  • University of Mississippi, University of Georgia, Brigham Young University, University of Oregon, Bureau of Labor Statistics, Federal Reserve Board, Federal Reserve Bank of Minneapolis


Using payroll processor microdata to measure aggregate labor market activity, with Tomaz Cajner, Leland Crane, Adrian Hamins-Puertolas, Christopher Kurz, and Tyler Radler. [FEDS working paper #2018-005]



Permanent Unpublished Manuscripts


Declining  business dynamism: Implications for productivity? with John Haltiwanger, Ron S. Jarmin, and Javier Miranda (2016). [pdf]. (Hutchins Center Working Paper #23)

This manuscript was prepared for a Brookings Hutchins Center event on productivity growth. We do not intend to publish this specific manuscript. Much of the material included in this paper is present in other papers, some published and some still in progress.



The Secular Decline in Business Dynamism in the U.S., with John Haltiwanger, Ron S. Jarmin, and Javier Miranda (2014). [pdf].

We do not intend to publish this manuscript. Much of the material included in this paper is present in other papers, some published and some still in progress.

Presentations:
  • Heritage Foundation Center for Data Analysis, George Mason University


Selected Coverage: