Robert E. Hall - Recent Unpublished Papers



The Pervasive Importance of Tightness in Labor-Market Volatility (with Sam Schulhofer-Wohl), April 11, 2017.


Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers (with Sam Schulhofer-Wohl), Feb. 14, 2017.       Replication files download instructions


The Role of the Growth of Risk-Averse Wealth in the Decline of the Safe Real Interest Rate (replaces ”Understanding the Decline in the Safe Real Interest Rate”), November 16, 2016. Data and Calculations –


Achieving Price Stability by Manipulating the Central Bank’s Payment on Reserves (with Ricardo Reis), October 16, 2016.


Why Has the Unemployment Rate Fared Better than GDP Growth?, June 28, 2016.—Data


Maintaining Central-Bank Financial Stability under New-Style Central Banking (with Ricardo Reis), July 16, 2015.


What the Cyclical Response of Advertising Reveals about Markups and other Macroeconomic Wedges, April 2014 (replaces NBER Working Paper 18370). Data and Calculations –





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