For whom has earnings risk changed, and why? To answer these questions, we develop a
filtering method that estimates parameters of an income process and recovers persistent and …

We conduct meta‐analyses of the estimated impacts of corn ethanol on food and fuel prices,
as well as greenhouse gases, and analyze the implications for the balance of trade. The …

We incorporate a version of a spike and slab prior, comprising a pointmass at zero (" spike")
and a Normal distribution around zero (" slab") into a dynamic panel data framework to …

Summary Blundell, Pistaferri, and Preston (American Economic Review, 2008, 98 (5), 1887–
1921) report an estimate of household consumption insurance with respect to permanent …

Note: The paths above are the impulse response of profitability to a 1% shock emanating
from multiple sources. The black line (+ symbols) represents a long-term shock. The red line …

A State-Space Forms In this appendix, we present state-space forms for unobserved
components representations of the Blundell, Pistaferri, and Preston (2008)(BPP hereafter) …

Why Labor Income? Incomplete Markets and Non-tradable Assets. Why spend so much time
on labor income risk? Utility is over consumption (and maybe leisure). Labor supplied is the …

This thesis explores various economic environments where the structure of social
interactions across individuals determines outcomes. In the first chapter, I study mutual …

During the time period 1980-2007 prior to the recent 2007-09 financial crisis, the US has
witnessed an expansionary pattern in the housing and mortgage market:(i) home ownership …

The goal of Data Assimilation (DA) is to estimate, with the aid of numerical methods, the true
state of a dynamical system, taking into account observations (measurements), a forecast …