Now showing items 1-2 of 2

    • Income Risk and Aggregate Demand over the Business Cycle 

      Mericle, David (2012-07-23)
      This dissertation consists of three essays on income risk and aggregate demand over the business cycle, each addressing an aspect of the Great Recession. The first chapter reframes the standard liquidity trap model to ...
    • Investment Hangover and the Great Recession 

      Rognlie, Matthew; Shleifer, Andrei; Simsek, Alp (2014)
      We present a model of investment hangover motivated by the Great Recession. In our model, overbuilding of residential capital requires a reallocation of productive resources to nonresidential sectors, which is facilitated ...