Working Paper
The Signaling, Screening, and Human Capital Effects of National Board Certification: Evidence from Chicago and Kentucky High Schools
Barrow, Lisa; Cavalluzzo, Linda; Geraghty, Thomas; Mokher, Christine; Sartain, Lauren (2020-02-25)
Working Paper Series , Paper WP-2020-06

Working Paper
Labor Market Policies During an Epidemic
Mercan, Yusuf; Birinci, Serdar; See, Kurt; Karahan, Fatih (2020-08)
We study the positive and normative implications of labor market policies that counteract the economic fallout from containment measures during an epidemic. We incorporate a standard epidemiological model into an equilibrium search model of the labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that preserve match capital and enable a swift economic recovery are preferred over a cost-equivalent UI expansion. When considered jointly, however, a cost-equivalent optimal mix allocates 20 percent of the budget to payroll subsidies ...
Working Papers , Paper 2020-024

Working Paper
Labor Market Policies During an Epidemic
Mercan, Yusuf; Birinci, Serdar; See, Kurt; Karahan, Fatih (2020-11)
We study the positive and normative implications of labor market policies that counteract the economic fallout from containment measures during an epidemic. We incorporate a standard epidemiological model into an equilibrium search model of the labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that preserve match capital and enable a swift economic recovery are preferred over a cost-equivalent UI expansion. When considered jointly, however, a cost-equivalent optimal mix allocates 20 percent of the budget to payroll subsidies ...
Working Papers , Paper 2020-024

Working Paper
Labor Market Policies During an Epidemic
Mercan, Yusuf; Birinci, Serdar; See, Kurt; Karahan, Fatih (2020-08-07)
We study the effects and welfare implications of labor market policies that counteract the economic fall out from containment policies during an epidemic. We incorporate a standard epidemiological model into an equilibrium search model of the labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that preserve match capital and enable a swift economic recovery are preferred over a cost-equivalent UI expansion. When considered jointly, however, a cost-equivalent optimal mix allocates 20 percent of the budget to payroll subsidies ...
Working Papers , Paper 2020-024

Journal Article
The Drag of Energy and Manufacturing on Productivity Growth
Van Zandweghe, Willem (2016-04-18)
Willem Van Zandweghe finds a decline in manufacturing and mining activity has slowed overall productivity growth.
Macro Bulletin