Working Papers

We invite you to explore the working papers supported directly by CFSP as well as key working papers in the field of financial systems and poverty that were written by Consortium researchers.

Recent Working Papers

Francisco J. Buera, Joseph Kaboski, Yongseok Shin
NBER Working Paper No. 17905 | 2011

This paper provides a quantitative evaluation of the aggregate and distributional impacts of...

Francisco J. Buera, Yongseok Shin, Benjamin Moll
2011

Market failures provide a rationale for policy intervention.  But policies are often hard...

Dan Cao, Pedro Gete
2011

This paper proposes a potential new explanation to foreign demand for U.S. Treasuries: a...

Fabrizio Perri, Dirk Krueger
2011

We use the Italian Survey of Household Income and Wealth from 1987 to 2008 and the two most...

Alisdair McKay
2011

I develop a general equilibrium model of saving behavior in which the quality of financial...

Virgiliu Midrigan, Daniel Yi Xu
2011

We study a model of establishment dynamics in which entrepreneurs face a financing constraint...

Chang-Tai Hsieh, Peter J. Klenow
2011

In the U.S., manufacturing plants grow or die.  In contrast, surviving Indian plants...

Veronica Guerrieri, Guido Lorenzoni
2011

We study the effects of a credit crunch on consumer spending in a heterogeneous-agent...

Asim Ijaz Khwaja, Atif Mian, Abid Qamar
2011

We construct the topology of business networks across the population of firms in an emerging...

Gautam Gowrisankaran, Marc Rysman
2011

Most new consumer durable goods experience rapid declines in prices and improvements in...