Discussion Papers

CFDP 2283 Yusuke Narita, Kohei Yata, "Algorithm is Experiment: Machine Learning, Market Design, and Policy Eligibility Rules," (April 2021) [97pp, Abstract]
CFDP 2282 Christopher Foote, Tyler Hounshell, William D. Nordhaus, Douglas Rivers, Pamela Torola, "Measuring the U.S. Employment Situation Using Online Panels: The Yale Labor Survey," (April 2021) [69pp, Abstract]
CFDP 2281R Yusuke Narita, Ayumi Sudo, "Curse of Democracy: Evidence from the 21st Century," (April 2021, Revised August 2021) [50pp, Abstract], (See: CFDP 2281)
CFDP 2281 Yusuke Narita, Ayumi Sudo, "Curse of Democracy: Evidence from 2020," (April 2021) [32pp, Abstract]
CFDP 2280 Judith A. Chevalier, Jason L. Schwartz, Yihua Su, Kevin R. Williams, "Distributional Impacts of Retail Vaccine Availability," (April 2021, updated May 2021, updated July 2021) [32pp, Abstract]
CFDP 2279R Ray C. Fair, "Retrospective Voting Versus Risk-Aversion Voting: A Comment on Pástor and Veronesi (2020)," (March 2021, Revised July 2021) [12pp, Abstract]
CFDP 2279 Ray C. Fair, "Retrospective Voting Versus Risk-Aversion Voting," (March 2021) [11pp, Abstract]
CFDP 2278 John E. Roemer, Joaquim Silvestre, "Kant and Lindahl," (March 2021) [39pp, Abstract]
CFDP 2277 Ray C. Fair, "Are Stock Returns and Output Growth Higher Under Democrats?," (February 2021) [28pp, Abstract]
CFDP 2276 Cormac O'Dea, David Sturrock, "Survival Pessimism and the Demand for Annuities," (February 2021) [38pp, Abstract]
CFDP 2275 Johann Caro-Burnett, Judith A. Chevalier, Ahmed Mushfiq Mobarak, "Is Habit a Powerful Policy Instrument to Induce Prosocial Behavioral Change?," (February 2021) [36pp, Abstract]
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: CFP 1724)
CFDP 2269 Mark Armstrong, Jidong Zhou, "Consumer Information and the Limits to Competition," (January 2021) [58pp, Abstract] , (See: CFP 1767)
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: CFP 1713)
CFDP 2262R Zhiguo He, Jing Huang, Jidong Zhou, "Open Banking: Credit Market Competition When Borrowers Own the Data," (November 2020, Revised March 2022) [58pp, Abstract], (See: CFDP 2262)
CFDP 2262 Zhiguo He, Jing Huang, Jidong Zhou, "Open Banking: Credit Market Competition When Borrowers Own the Data," (November 2020) [59pp, Abstract], (See: CFDP 2262R)
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] , (See: CFP 1779)
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) , (See: CFP 1772)
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) , (See: CFP 1777)
CFDP 2242 Xiaohong Chen, Zhijie Xiao, Bo Wang, "Copula-Based Time Series With Filtered Nonstationarity," (July 2020) [72pp, Abstract]