Peer-Reviewed Publications
Other Publications
Working Papers


Peer-Reviewed Publications


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)

Selected 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]

This paper was 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

Selected coverage:

Other 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)

Coverage:
Declining business dynamism: What we know and the way forward, with John Haltiwanger, Ron S. Jarmin, and Javier Miranda. American Economic Review: Papers & Proceedings 106(5): 203-207. [pdf]

Coverage:

Unraveling the oil conundrum: Productivity improvements and cost declines in the U.S. shale oil industry, with Aaron Flaaen and Maria D. Tito. FEDS Note, 22 March 2016.

Coverage:


The decline of high-growth entrepreneurship, with John Haltiwanger, Ron Jarmin, and Javier Miranda. VOX column, 19 March 2016.

Coverage:


Working Papers




Changing business dynamism and productivity: Shocks vs. responsiveness with John Haltiwanger, Ron S. Jarmin, and Javier Miranda. [pdf]

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:
  • UNC IDEA Workshop 2017, Midwest Macro May 2017, Drexel University, George Mason University

Selected Coverage:


Entrepreneurship and state policy, with E. Mark Curtis [pdf]

Presentations:
  • NBER Entrepreneurship and Economic Growth pre-conference and conference
  • Southern Economic Association 2016 meeting


Collateral damage: Housing, entrepreneurship, and job creation (job market paper) [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


Permanent Unpublished Manuscripts


Declining  business dynamism: Implications for productivity? with John Haltiwanger, Ron S. Jarmin, and Javier Miranda. [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. [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: