"Search complementarities among firms generate multiple equilibria, state-dependence and non-linearities. These non-linearities provide a novel interpretation of the Great Moderation.”
From Fernandez-Villaverde, Mandelman, Yu and Zanetti:
https://www.restud.com/search-complementarities-aggregate-fluctuations-and-fiscal-policy/
Recently accepted to REStud, ``Monopoly of Taxation Without a Monopoly of Violence: The Weak State’s Trade-Offs From Taxation,'' from @SoernHenn, @MarakujaDRC, Ortiz, Sánchez de la Sierra and Wu:
https://www.restud.com/monopoly-of-taxation-without-a-monopoly-of-violence-the-weak-states-trade-offs-from-taxation/
We are proud to host the last stop of the @RevEconStudies Tour on May 20-21!
Please register here 👉 https://economia.uniroma2.it/en/def/review-of-economic-studies-tour-2024/ if you want to participate.