 | Entry Costs and the Macroeconomy Author/Editor: Germán Gutiérrez, Callum Jones, Thomas Philippon. Release Date:November, 2019 We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate more...
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| Household Leverage and the Recession Author/Editor: Callum Jones, Virgiliu Midrigan, Thomas Philippon. Release Date:August, 2018 We evaluate and partially challenge the ‘household leverage’ view of the Great Recession. In the data, employment and consumption declined more in states where household debt declined more. We more...
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| Monetary Independence in Emerging Markets : Does the Exchange Rate Regime Make a Difference? Author/Editor: Thomas Philippon, Jeronimo Zettelmeyer, Eduardo Borensztein. Release Date:January, 2001 This paper compares the impact of shocks to U.S. interest rates and emerging market bond spreads on domestic interest rates and exchange rates across several emerging market economies with different more...
| Price: $15.00
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