Working Papers

"Demographic Origins of the Startup Deficit", with Fatih Karahan and Aysegul Sahin, May 2019 (Just revised!) [EF&G Slides] [LSE]

Online appendix

"The Nature of Firm Growth", with Petr Sedlacek and Vincent Sterk, May 2019, (Just revised!) [NBER MP Slides} [ASU]

Online appendix

"The Welfare Costs of (Dis)inflation" with Hannah Herman, July 2018.


"Grown-up Business Cycles", with Aysegul Sahin

The Review of Financial Studies, Volume 32(3), March 2019, Pages 1102–1147

Published version | Online appendix | Replication files | New York Fed Staff Report 707

"Comment on `Structural Transformation and the Rise of Information Technology' by Gallipoli and Makridis"

Journal of Monetary Economics, Volume 97, August 2018, Pages 111-115

Published version | Replication files

"Older and Slower: The Startup Deficit's Lasting Impact on Productivity Growth" , with Titan Alon, David Berger and Rob Dent

Journal of Monetary Economics, Volume 93, January 2018, Pages 68-85

Published version | Online appendix | NBER Working Paper w23875

"Do Job to Job Transitions Drive Wage Growth over the Business Cycle" with Fatih Karahan, Ryan Michaels, Aysegul Sahin and Rachel Schuh

American Economic Review: P&P, May 2017

Online appendix | Replication files

"The Role of Startups in Structural Transformation", with Rob Dent, Fatih Karahan and Aysegul Sahin

American Economic Review, P&P, May 2016

Online appendix | Replication files | New York Fed Staff Report 762

"Wealth, Tastes and Entrepreneurship", with Erik Hurst

Chapter in Measuring Entrepreneurial Businesses: Current Knowledge and Challenges, 2017

NBER Working Paper w21644

"Are Household Surveys Like Tax Forms: Evidence from Income Underreporting of the Self-Employed", with Erik Hurst and Geng Li

Review of Economics and Statistics, Volume 96(1), March 2014, Page 19-33

Published version | Online appendix | Replication files | NBER Working Paper w16527

"What do Small Businesses Do?", with Erik Hurst

Brookings Papers on Economic Activity, Fall 2011

Replication files | NBER Working Paper w17041

"The Mistake of 1937: A General Equilibrium Analysis" with Gauti Eggertsson

Monetary and Economic Studies, Dec 2006

Research in Progress

  • "Macroeconomic implications of the rise in pass throughs" with Sebastian Dyrda
  • "Taxes, Private Equity and Evolution of Income Inequality in the U.S." with Sebastian Dyrda [preliminary draft] [EM3C Slides] [mwm]
  • Liquidity Effects of Unemployment Benefit Extensions: Evidence from Consumer Credit Data with Rene Chalom, Fatih Karahan and Kurt Mitman [preliminary draft]

Discussions and Comments

Other writing