What Do We Learn From Cross-Regional Empirical Estimates in Macroeconomics

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Written By Rowdy Ferret Design

What Do We Learn From Cross-Regional Empirical Estimates in Macroeconomics (with Adam Guren, Alisdair McKay, and Emi Nakamura)

NBER Macroeconomics Annual 2020, 175-223.

Replication Files

Cross-Regional estimates contain both partial equilibrium effects and local general equilibrium effects. Estimates of local fiscal multipliers can be used to isolate the partial equilibrium effects. Also, since housing supply elasticities are more dispersed in the long-run than short-run, cities with low long-run housing supply elasticities can have larger construction booms in the short run.

Rowdy Ferret Design

Oakland based web designer and developer.

Loves long walks in the woods and barbeque.

http://rowdyferretdesign.com
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