Search Results

Showing results 1 to 10 of approximately 28.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Dvorkin, Maximiliano 

Journal Article
The Recent Evolution of U.S. Local Labor Markets

Counties with severe declines in housing net worth during the 2007-09 recession experienced larger declines in employment.
Economic Synopses , Issue 15 , Pages 1-3

Journal Article
The Rise of Automation: How Robots May Impact the U.S. Labor Market

The growing presence of robots may affect U.S. demand for routine manual jobs like assembly work.
The Regional Economist , Volume 27 , Issue 2

Journal Article
Labor Market Polarization: How Does the District Compare with the Nation?

See why jobs in the District, nation are increasingly becoming high-skill or low-skill. The decline of middle-skill jobs may be widening income inequality.
The Regional Economist , Volume 25 , Issue 2

The Impact of COVID-19 on Labor Markets across the U.S.

On the Economy

Working Paper
Sovereign Debt Restructurings

Sovereign debt crises involve debt restructurings characterized by a mix of face-value haircuts and maturity extensions. The prevalence of maturity extensions has been hard to reconcile with economic theory. We develop a model of endogenous debt restructuring that captures key facts of sovereign debt and restructuring episodes. While debt dilution pushes for negative maturity extensions, three factors are important in overcoming the effects of dilution and generating maturity extensions upon restructurings: income recovery after default, credit exclusion after restructuring, and regulatory ...
Working Papers , Paper 2018-13

Journal Article
The Case of the Reappearing Phillips Curve: A Discussion of Recent Findings

The Phillips curve seems to have flattened over time. In this article, we use a simple New Keynesian model to analyze potential pitfalls in the estimation of the slope of the structural Phillips curve.
Review , Volume 102 , Issue 3 , Pages 313-337

Working Paper
News, sovereign debt maturity, and default risk

Leading into a debt crisis, interest rate spreads on sovereign debt rise before the economy experiences a decline in productivity, suggesting that news about future economic developments may play an important role in these episodes. In a VAR estimation, a news shock has a larger contemporaneous impact on sovereign credit spreads than a comparable shock to labor productivity. A quantitative model of news and sovereign debt default with endogenous maturity choice generates impulse responses and a variance decomposition similar to the empirical VAR estimates. The dynamics of the economy after a ...
Working Papers , Paper 2018-33

Working Paper
Trade and Labor Market Dynamics: General Equilibrium Analysis of the China Trade Shock

We develop a dynamic trade model with spatially distinct labor markets facing varying exposure to international trade. The model captures the role of labor mobility frictions, goods mobility frictions, geographic factors, and input-output linkages in determining equilibrium allocations. We show how to solve the equilibrium of the model and take the model to the data without assuming that the economy is at a steady state and without estimating productivities, migration frictions, or trade costs, which can be difficult to identify. We calibrate the model to 22 sectors, 38 countries, and 50 U.S. ...
Working Papers , Paper 2015-9

Working Paper
News, sovereign debt maturity, and default risk

Leading into a debt crisis, interest rate spreads on sovereign debt rise before the economy experiences a decline in productivity, suggesting that news about future economic developments may play an important role in these episodes. In a VAR estimation, a news shock has a larger contemporaneous impact on sovereign credit spreads than a comparable shock to labor productivity. A quantitative model of news and sovereign debt default with endogenous maturity choice generates impulse responses and a variance decomposition similar to the empirical VAR estimates. The dynamics of the economy after a ...
Working Papers , Paper 2018-033

Journal Article
District Overview: As in the Nation, New Jobs in the District Are Concentrated in Low-Paying Industries

The Eighth District added about 150,000 jobs from 2010 to 2013, almost 75 percent of them in low-paying industries. Such jobs are growing at a faster rate than those in high-paying industries, the opposite of what is happening on the national level.
The Regional Economist , Issue July

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

F34 5 items

F41 5 items

G15 5 items

E24 3 items

J62 2 items

R13 2 items

show more (14)

FILTER BY Keywords

PREVIOUS / NEXT