Working Papers Returns to Labor Mobility (w/ Lars Ljungqvist & Thomas Sargent) R&R at Economic Journal Paper Appendix We demonstrate how cross-phenomenon restrictions involving returns to labor mobility can guide calibrations of productivity processes in modern macro-labor models. *Previously circulated as Turbulence and Unemployment in Matching Models
The Macroeconomics of Partial Irreversibility (w/ Andrés Blanco) Submitted PaperAppendix We investigate the macroeconomic effects of partially irreversible investment arising from a wedge between the buying and selling price of capital and apply the theory to study corporate tax reforms. Corporate income tax cuts improve the allocation of capital, decrease aggregate Tobin's q, and slow down capital fluctuations. *Previously circulated as The Long-Run Effects of Corporate Tax Reforms
Work in Progress
Self-Insurance and Welfare in Turbulent Labor Markets (with Ana Figueiredo, Cristiano Mantovani, and Alireza Sepahsalari) Paper We investigate the welfare consequences of skill loss coinciding with involuntary layoffs on labour market outcomes in the presence of imperfect financial markets and search frictions
Monetary Policy and Corporate Tax Reforms (w/ Andrés Blanco and Erin Markiewitz) Paper Monetary policy rate increases following "long-run motivated" corporate income tax cuts.