“...We develop a model that, at the aggregate level, is similar to the one-sector neoclassical growth model; at the disaggregate level, it has implications for the...”

“...Earnings gaps between black and white workers have widened over the past 30–40 years. This increase is not explained by differences in observed demographics or...”

“...We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment using publicly available data for fourteen OECD economies...”

“...Using quarterly data for the U.K. from 1993 through 2012, we document that the extent of worker reallocation across occupations or industries (a career change,...”

“...We introduce a model of monetary policy with downward nominal wage rigidities and show that both the slope and curvature of the Phillips curve depend on the...”

“...The U.S. unemployment rate has remained stubbornly high since the 2007–2009 recession, leading some observers to conclude that structural rather than cyclical...”

“...Why did the stock market decline so much in the early 1970's and remain low until the early 1980's? We argue that it was because information technology arrived...”

“...Restaurant prices in the euro area increased dramatically after the introduction of the euro. We show that this increase can be explained by a common menu cost...”

“...The United States and France have very similar labor productivity levels while there are considerable differences between the firm‐size distributions and firm...”

“...We construct a PCE-based price index whose weights minimize the welfare costs of nominal distortions: a cost-of-nominal-distortions index. We compute these...”