NEW: "Across the universe: Policy support for employment and revenue in the Pandemic Recession," with Robert J. Kurtzman, Byron F. Lutz, and Christopher J. Nekarda. FEDS working paper #2020-099. NEW: "Business exit during the COVID-19 pandemic: Non-traditional measures in historical context," with Leland D. Crane, Aaron Flaaen, Adrian Hamins-Puertolas, and Christopher Kurz. FEDS working paper #2020-089.
Academic PublicationsChanging business dynamism and productivity: Shocks vs. responsiveness with John Haltiwanger, Ron S. Jarmin, and Javier Miranda. 2020. American Economic Review 110 no. 12:3952-3990.
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.
The U.S. labor market during the beginning of the Pandemic Recession, with Tomaz Cajner, Leland Crane, John Grigsby, Adrian Hamins-Puertolas,
Erik Hurst, Chris Kurz, and Ahu Yildirmaz. Forthcoming, Brookings Papers on Economic Activity.
Declining dynamism, allocative efficiency, and the productivity slowdown, with John Haltiwanger, Ron S. Jarmin, and Javier Miranda. 2017. American Economic Review: Papers & Proceedings 107(5): 322-326. [pdf including online appendix] (FEDS Working Paper #2017-019). Note: Papers & Proceedings volumes are not peer reviewed. 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. (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. 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. Note: Papers & Proceedings volumes are not peer reviewed. 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".
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]
Other Publications
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