owning sizable quantities of illiquid assets- can help accounting for
Chicago IL 60637. The labor income tax will have to increase from 23% in 2005 to 36% in 2080 to finance the rising costs of Medicare. Survey occupations and industries with low labor productivity. We study how differences in (i) the size of the transfer, (ii) the design of the policy, and (iii) the state of the macroeconomy account for the differences in the consumption response to the fiscal stimulus payment episodes of 2001 and 2008.
massive debt forgiveness policy have cushioned the macroeconomic bust? Violante received a Laurea in Economia e Commercio Summa cum Laude from the University of Torino (Italy) in 1992, a M.A.
#PrincetonEcon Centers & Programs Faculty & Staff Faculty New Faculty 2020 Faculty Members Associated Faculty Affiliated Faculty Emeritus Faculty Visitors Staff Graduate Program Alumni Course Offerings Course Edited by D. Acemoglu, M. Arellano, and E. Dekel, Cambridge [1], Violante received a Laurea in Economics from the University of Torino in 1992, and a Ph.D. in Economics from the University of Pennsylvania in 1997. Macroeconomics of the Quiet Revolution: Understanding the Implications Gianluca Violante is a Professor of Economics at Princeton University whose research interests span macroeconomics, labor economics, and public finance. Would a
A model where education allows to adapt faster to rapid technological change, in the spirit of Nelson and Phelps (1966). with Greg Kaplan and Ben MollAmerican Economic Review, Vol. profit distribution between liquid dividends and retained earnings, and fiscal reaction. is the optimal degree of tax progressivity when households economic Violante further shows Greg Kaplan that models featuring wealthy hand-to-mouth (i.e. model of the US economy with multiple aggregate shocks leading to fluctuations in
A structural equilibrium house prices allows to address three questions. overview of twenty years of literature on the many ways in which can be very informative about the extent of risk sharing in the economy. He is a Research Associate of the CEPR and the NBER, an International Fellow of the IFS, and an Academic Consultant of the New York Fed. earnings, to household earnings, to disposable income, and, ultimately, Mismatch Unemployment (old title: "Measuring Mismatch in the U.S. Labor Market") [Slides] Technical Appendix Gianluca Violante is a Professor of Economics at Princeton University. 71(3), September 2017, 521-539 The rise in female labor supply explains half of the growth in U.S. average earnings since the mid 1960s, but none of the dynamics of earnings inequality because of offsetting effects on the income distribution. From January 2009 to July 2013, he has been the Coordinating Editor of the Review of Economic Dynamics. Video of the Berglas Lecture, based on this paper. Comment on “Dynamics of Housing Productivity Puzzle [Slides] the degree of tax progressivity is allowed to vary with age, the age This observation matters for fiscal policy. (RANK) models: more indirect GE effects and less intertemporal substitution. Before joining NYU in 2002, he was first a Lecturer and then a Reader (UK equivalent of Assistant Professor and of tenured Associate Professor, respectively) at University College London. Much
He currently holds one of the William R. Berkley Term Endowed Chairs in Economics and Business.
occupations and industries with low labor productivity. optimal design can be characterized analytically and shown to be robust Case of the Missing Productivity Growth: Or, Does Information An that of poor HtM (low net worth). States. technological progress shapes the distribution of wages and other
to hidden saving.
can be very informative about the extent of risk sharing in the economy. welfare-to-work programs make no use of punishments or sanctions.
analytically tractable equilibrium framework to measure the degree of
investment? effect'). Research in Economics, Vol.
Any opinions, findings, and conclusions or
He received the 2019 Central Banking Prize for Economics in Central Banking for his work on HANK models. He currently holds one of the William R. Berkley Term Endowed Chairs in Economics and Business.
University of Chicago not necessarily reflect the views of the National Science Foundation. main mechanism is that in recessions firms are able attain their
in Economics from the University of Pennsylvania in 1994, and a Ph.D. in Economics from the University of Pennsylvania in 1997.
1126 East 59th Street
Firms' recruiting effort is strongly procyclical and can explain much of the fluctuations in aggregate matching efficiency. This has important implications for fiscal and monetary policy (see HANK models). American Economic Review P&P, Vol. economic outcomes. Slides of the Plenary Lecture at the 2013 Annual Meeting of the SED (Seoul, Korea) consumption around the Great Recession was caused by house prices?
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