Publications & Papers

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Who Sees the Trades?

Rodney J. Garratt, Michael Junho Lee, Antoine Martin, Robert M. Townsend
November 2025
Macroeconomics

Financial Conditions Targeting in a Multi-Asset Open Economy

Ricardo J. Caballero, Alp Simsek
November 2025
Labor Economics, Macroeconomics

Automation and Rent Dissipation: Implications for Wages, Inequality, and Productivity

forthcoming, Quarterly Journal of Economics
Daron Acemoglu and Pascual Restrepo
November 2025

My Grandfather’s Papers

Michael J. Piore
October 2025

Public Ownership and Anti-Preemption

Juliano Assuncao, Sergey Mityakov, Robert M. Townsend
October 2025

Incentive-Compatible Unemployment Reinsurance for the Euro Area

Karaivanov, Alexander, Benoit Mojon, Luiz Pereira da Silva, Albert Pierres Tejada and Robert M Townsend
October 2025
Industrial Organization, Political Economy

Online Business Models, Digital Ads, and User Welfare

Daron Acemoglu, Daniel Huttenlocher, Asuman Ozdaglar, James Siderius
October 2025

Risk-taking over the Life Cycle: Aggregate and Distributive Implications of Entrepreneurial Risk

Dejanir H. Silva, Robert M. Townsend
October 2025
Macroeconomics

Optimal Policy Rules in HANK

Revise and resubmit, The Review of Economic Studies
Alisdair McKay, Christian Wolf
September 2025

The Algorithm Advantage: Ranked Application Systems Outperform Decentralized and Common Applications in Boston and Beyond

NBER Working Paper #34207
Christopher Avery, Geoffrey Kocks & Parag Pathak
September 2025
Development Economics

Intergenerational Impacts of Secondary Education: Experimental Evidence from Ghana

Esther Duflo, Pascaline Dupas, Elizabeth Spelke, Mark Walsh
August 2025
Econometrics

Estimation in Linear Models with Clustered Data

Anna Mikusheva, Mikkel Sølvsten and Baiyun Jing
August 2025

Optimal School System and Curriculum Design: Theory and Evidence

NBER Working Paper #34091
Glenn Ellison, Parag Pathak
August 2025
Financial Economics

Do Markets Believe in Transformative AI?

Isaiah Andrews and Maryam Farboodi
July 2025
Labor Economics

Places versus People: The Ins and Outs of Labor Market Adjustment to Globalization

David Autor, David Dorn, Gordon Hanson, Maggie R. Jones, Bradley Setzler
June 2025

Bank Branching Strategies in the 1997 Thai Financial Crisis and Local Access to Credit

Marc Rysman, Robert M. Townsend, and Christoph Walsh
June 2025
Political Economy

Culture, Institutions and Social Equilibria: A Framework

Journal of Economic Literature, 63(2), pp. 637–92
Daron Acemoglu, James A. Robinson
June 2025
Labor Economics, Organizational Economics

Eclipse of Rent-Sharing: The Effects of Managers Business Education on Wages and the Labor Share in the US and Denmark

Daron Acemoglu, Alex Xi He, Daniel le Maire
June 2025