Events

Click on the following flyer for more information: Event #1: Mktg EDGE Student Forum Flyer 11-1-19 Event #2:

Title: Finance-thy-Neighbor. Trade Credit Origins of Aggregate Fluctuations (reischer_tcwp102919-main) Abstract: This paper studies the role of endogenous trade-credit linkages for generating interdependent distortions and the propagation of shocks in a static quantitative multi- sector model where firms finance production using bank and trade credit. The adjustment in the volume and Read more…

Title: Workers’ Home Bias and Spatial Wage Gaps: Lessons from the Enduring Divide between East and West Germany (joint with Tommaso Porzio) (link: paper) Abstract: Workers' birth-place shapes their labor market prospects: only few find a job elsewhere, and of those, a large fraction moves back home. Such home bias Read more…

You are invited to a panel discussion on "Experiments in Public Policy": Perspectives on the 2019 Nobel Prize in Economics Location: Roosevelt House Institute for Public Policy (47-49 E 65th Street)  Date: Tuesday November 19, 5:30 p.m.-7:00 p.m. A reception will follow. Click here to RSVP . Panelists include: Karna Read more…

Title: Sovereign Spreads and the Effects of Fiscal Austerity (paper: spreads_aust_Nov19) Abstract: I analyze the impact of austerity on sovereign spreads. To do so I propose a model with strategic sovereign default and nominal rigidities where the government follows fiscal rules, which are estimated from data. I first analyze the Read more…

Title: Law enforcement and the size of the informal sector (paper: Law_enforcement_and_the_size_of_the_informal_section_V2_Aug2019 (4)) Abstract: I assemble new cross-country evidence showing that contrary to the standard view, the relationship between the size of the informal sector and tax rates is, at best, ambiguous. Law enforcement and informality also show no clear Read more…

Title: A New Method of Estimating Teacher Value-Added Paper link: GGM_TVA Abstract: This paper proposes a new methodology for estimating teacher value-added. Rather than imposing a normality assumption on unobserved teacher quality (as in the standard empirical Bayes approach), our nonparametric estimator permits the underlying distribution to be estimated directly Read more…

(Wait, I can get a Business Certificate at Hunter? How do I learn more?) If you’re interested in a career in business (which really includes most jobs today), come join us to learn more about this new opportunity. We will be joined by Arabella Pollack, Director of the Business Certificate. Read more…