Discussion Papers

CFDP 2274R Mira Frick, Ryota Iijima, Yuhta Ishii, "Welfare Comparisons for Biased Learning," (February 2021, Revised March 2021) [52pp, Abstract], (See: CFDP 2274)
CFDP 2274 Mira Frick, Ryota Iijima, Yuhta Ishii, "Welfare Comparisons for Biased Learning," (February 2021) [43pp, Abstract], (See: CFDP 2274R)
CFDP 2273 Soheil Ghili, "A Characterization for Optimal Bundling of Products with Inter-dependent Values," (February 2021, updated February 2021) [28pp, Abstract]
CFDP 2272 Florian Ederer, Weicheng Min, "Bayesian Persuasion with Lie Detection," (January 2021) [26pp, Abstract]
CFDP 2271 Rafael Dix-Carneiro, Pinelopi K. Goldberg, Costas Meghir, Gabriel Ulyssea, "Trade and Informality in the Presence of Labor Market Frictions and Regulations," (January 2021) [108pp, Abstract]
CFDP 2270 Jidong Zhou, "Mixed Bundling in Oligopoly Markets," (January 2021) [40pp, Abstract] , (See: CFP1724)
CFDP 2269 Mark Armstrong, Jidong Zhou, "Consumer Information and the Limits to Competition," (January 2021) [58pp, Abstract]
CFDP 2268 María Sáez Martí, "Take a Break!...Or More.," (January 2021) [13pp, Abstract]
CFDP 2267 Francesco Agostinelli, Matthias Doepke, Giuseppe Sorrenti, Fabrizio Zilibotti, "When the Great Equalizer Shuts Down: Schools, Peers, and Parents in Pandemic Time," (December 2020) [51pp, Abstract]
CFDP 2266 Fei Li, Jidong Zhou, "A Model of Crisis Management," (December 2020) [40pp, Abstract]
CFDP 2265 Rodrigo Adão, Costas Arkolakis, Sharat Ganapati, "Aggregate Implications of Firm Heterogeneity: A Nonparametric Analysis of Monopolistic Competition Trade Models," (November 2020) [99pp, Abstract]
CFDP 2264 Jidong Zhou, "Improved Information in Search Markets," (November 2020) [26pp, Abstract]
CFDP 2263 Andrew Rhodes, Makoto Watanabe, Jidong Zhou, "Multiproduct Intermediaries," (November 2020) [56pp, Abstract] , (See: CFP1713)
CFDP 2262 Zhiguo He, Jing Huang, Jidong Zhou, "Open Banking: Credit Market Competition When Borrowers Own the Data," (November 2020) [59pp, Abstract]
CFDP 2261 Alison Andrew, Orazio P. Attanasio, Britta Augsburg, Jere Behrman, Monimalika Day, Pamela Jervis, Costas Meghir, Angus Phimister, "Mothers’ Social Networks and Socioeconomic Gradients of Isolation," (November 2020) [43pp, Abstract]
CFDP 2260R Ray C. Fair, "Analysis of Nine U.S. Recessions and Three Expansions," (October 2020, Revised January 2021) [44pp, Abstract], (See: CFDP 2260)
CFDP 2260 Ray C. Fair, "Analysis of Nine U.S. Recessions and Three Expansions," (October 2020) [42pp, Abstract], (See: CFDP 2260R)
CFDP 2259 Todd Henry, Peter C. B. Phillips, "Forecasting Economic Activity Using the Yield Curve: Quasi-Real-Time Applications for New Zealand, Australia and the US," (October 2020) [20pp, Abstract]
CFDP 2258 Kai Hao Yang, "Selling Consumer Data for Profit: Optimal Market-Segmentation Design and its Consequences," (October 2020) [90pp, Abstract][Supplemental material ,39 pp]
CFDP 2257 Xiaohong Chen, Matthew Gentry, Tong Li, Jingfeng Lu, "Identification and Inference in First-Price Auctions with Risk Averse Bidders and Selective Entry," (September 2020) [61pp, Abstract]
CFDP 2256 Jungyoon Lee, Peter C. B. Phillips, Francesca Rossi, "Consistent Misspecification Testing in Spatial Autoregressive Models," (August 2020) [58pp, Abstract]
CFDP 2255 Anna Sanktjohanser, "Optimally Stubborn," (August 2020) [45pp, Abstract][Supplemental material ,26 pp]
CFDP 2254R Ishita Chakraborty, Joyee Deb, Aniko Öry (Oery), "When Do Consumers Talk?," (August 2020, Revised March 2021) [43pp, Abstract], (See: CFDP 2254)
CFDP 2254 Ishita Chakraborty, Joyee Deb, Aniko Öry (Oery), "When Do Consumers Talk?," (August 2020) [28pp, Abstract], (See: CFDP 2254R)
CFDP 2253 Federico Huneeus, Richard Rogerson, "Heterogeneous Paths of Industrialization," (August 2020) [45pp, Abstract]
CFDP 2252 Ke Miao, Peter C. B. Phillips, Liangjun Su, "High-Dimensional VARs with Common Factors," (August 2020) [70pp, Abstract]
CFDP 2251 Ye Chen, Peter C. B. Phillips, Shuping Shi, "Common Bubble Detection in Large Dimensional Financial Systems," (August 2020) [63pp, Abstract]
CFDP 2250 Peter C. B. Phillips, Ying Wang, "When Bias Contributes to Variance: True Limit Theory in Functional Coefficient Cointegrating Regression," (August 2020) [56pp, Abstract][Supplemental material ,13 pp]
CFDP 2249 Liang Jiang, Xiaobin Liu, Peter C. B. Phillips, Yichong Zhang, "Bootstrap Inference for Quantile Treatment Effects in Randomized Experiments with Matched Pairs," (August 2020) [40pp, Abstract][Supplemental material ,46 pp]
CFDP 2248 Shuping Shi, Peter C. B. Phillips, "Diagnosing Housing Fever with an Econometric Thermometer," (August 2020) [31pp, Abstract]
CFDP 2247 John Eric Humphries, Christopher Neilson, Gabriel Ulyssea, "Information Frictions and Access to the Paycheck Protection Program," (August 2020) [67pp, Abstract]
CFDP 2246 Charles Hodgson, Gregory Lewis, "You Can Lead a Horse to Water: Spatial Learning and Path Dependence in Consumer Search," (August 2020) [65pp, Abstract]
CFDP 2245 Yotam Harchol, Dirk Bergemann, Nick Feamster, Eric Friedman, Arvind Krishnamurthy, Aurojit Panda, Sylvia Ratnasamy, Michael Schapira, Scott Shenker, "A Public Option for the Core," (August 2020) [14pp, Abstract]
CFDP 2244R Mira Frick, Ryota Iijima, Yves Le Yaouanq, "Objective Rationality Foundations for (dynamic) α-MEU," (July 2020, Revised July 2021) [31pp, Abstract], (See: CFDP 2244)
CFDP 2244 Mira Frick, Ryota Iijima, Yves Le Yaouanq, "Objective Rationality Foundations for (dynamic) α-MEU," (July 2020) [26pp, Abstract], (See: CFDP 2244R)
CFDP 2243 Christopher Foote, William D. Nordhaus, Douglas Rivers, "The US Employment Situation Using the Yale Labor Survey," (July 2020) [53pp, Abstract]
CFDP 2242R Xiaohong Chen, Zhijie Xiao, Bo Wang, "Copula-Based Time Series With Filtered Nonstationarity," (July 2020, Revised October 2020) [70pp, Abstract], (See: CFDP 2242)
CFDP 2242 Xiaohong Chen, Zhijie Xiao, Bo Wang, "Copula-Based Time Series With Filtered Nonstationarity," (July 2020) [72pp, Abstract]
CFDP 2241 Victor Couture, Jonathan I. Dingel, Allison Green, Jessie Handbury, Kevin R. Williams, "Measuring Movement and Social Contact with Smartphone Data: A Real-time Application to COVID-19," (July 2020) [34pp, Abstract]
CFDP 2240 Christopher Foote, William D. Nordhaus, Douglas Rivers, "Work in the Time of COVID: Results from the Yale Labor Survey," (June 2020) [12pp, Abstract]
CFDP 2239 Nicholas Ryan, Anant Sudarshan, "Rationing the Commons," (June 2020) [83pp, Abstract] , (See: CFP 1761)
CFDP 2238R Christoph Breunig, Xiaohong Chen, "Adaptive, Rate-Optimal Hypothesis Testing in Nonparametric IV Models," (June 2020, Revised December 2021) [70pp, Abstract], (See: CFDP 2238)
CFDP 2238 Christoph Breunig, Xiaohong Chen, "Adaptive, Rate-Optimal Testing in Instrumental Variables Models," (June 2020) [70pp, Abstract], (See: CFDP 2238R)
CFDP 2237 Michael D. König, Kjetil Storesletten, Zheng Song, Fabrizio Zilibotti, "From Imitation to Innovation: Where Is All That Chinese R&D Going?," (June 2020) [47pp, Abstract]
CFDP 2236 Xiaohong Chen, Lars P. Hansen, Peter G. Hansen, "Robust Identification of Investor Beliefs," (May 2020) [63pp, Abstract] , (See: CFP1707)
CFDP 2235R2 Mira Frick, Ryota Iijima, Yuhta Ishii, "Belief Convergence under Misspecified Learning: A Martingale Approach," (May 2020, Revised April 2021, , Revised December 2021) [55pp, Abstract], (See: CFDP 2235), (See: CFDP 2235R)
CFDP 2235R Mira Frick, Ryota Iijima, Yuhta Ishii, "Belief Convergence under Misspecified Learning: A Martingale Approach," (May 2020, Revised April 2021) [55pp, Abstract], (See: CFDP 2235), (See: CFDP 2235R2)
CFDP 2235 Mira Frick, Ryota Iijima, Yuhta Ishii, "Stability and Robustness in Misspecified Learning Models," (May 2020) [59pp, Abstract], (See: CFDP 2235R), (See: CFDP 2235R2)
CFDP 2234 Dirk Bergemann, Benjamin Brooks, Stephen Morris, "Competition and Public Information: A Note," (May 2020) [6pp, Abstract]
CFDP 2233R Tatiana Didier, Federico Huneeus, Mauricio Larrain, Sergio L. Schmukler, "Financing Firms in Hibernation during the COVID-19 Pandemic," (May 2020, Revised September 2020) [31pp, Abstract], (See: CFDP 2233)

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