Robert E. Hall - Recent Unpublished Papers




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


Understanding the Decline in the Safe Real Interest Rate, NBER WP 22196, April 20, 2016. – Data-programs backup


Wage Dispersion and Search Behavior (with Andreas I. Mueller), December 11, 2015.


Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers (with Sam Schulhofer-Wohl), July 14, 2016.        Replication files download instructions


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


Macroeconomics of Persistent Slumps, April 2015. (First draft of chapter forthcoming in the Handbook of Macroeconomics, Vol. 2, John Taylor and Harald Uhlig, eds.)


Secular Stagnation, November 18, 2014. Slides — Data and Calculations


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


Quantifying the Forces Leading to the Collapse of GDP after the Financial Crisis, February 2012 (replaces “Clashing Theories of Unemployment” May 2011).




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