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Review of Economic Dynamics
Volume 28 (April 2018)

Equity Extraction and Mortgage Default
by Steven Laufer

The Impact of Growth on Unemployment in a Low vs. High Inflation Environment
by Mewael Tesfaelassie & Maik Wolters

Cyclical Asset Returns in the Consumption and Investment Goods Sector
by Burkhard Heer & Alfred Maussner & Bernd Suessmuth

Dynamics of Investment, Debt, and Default
by Grey Gordon & Pablo Guerron-Quintana

Employment and the Cyclical Cost of Worker Benefits
by Grace Weishi Gu

Male Labor Supply and Generational Fiscal Policy
by Christian vom Lehn & Eric Fisher & Aspen Gorry

 Social Optima in Economies with Heterogeneous Agents
by Galo Nuno & Benjamin Moll

Pareto Weights in Practice: A Quantitative Analysis of 32 OECD Countries
by Bo Hyun Chang & Yongsung Chang & Sun-Bin Kim

Equilibrium Price Dispersion Across and Within Stores
by Guido Menzio & Nicholas Trachter

 Financial Development and Long-Run Volatility Trends
by Pengfei Wang & Yi Wen & Zhiwei Xu

Reputation and Liquidity Traps
by Taisuke Nakata

Female Market Work, Tax Regimes, and the Rise of the Service Sector
by Michelle Rendall

Risk Aversion, Risk Premia, and the Labor Margin with Generalized Recursive Preferences
by Eric Swanson

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RED Conference

We are pleased to announce a conference on Fragmented Financial Markets, to be held at the Federal Reserve Bank of Philadelphia on April 26-27, 2018. The program (attached) includes high quality theoretical and empirical papers that shed light on liquidity, asset prices, intermediation, information transmission, and fragility in decentralized or fragmented financial markets. Selected papers from the conference will be published in a special issue of the Review of Economic Dynamics.  The conference is organized by Benjamin Lester, Pierre-Olivier Weill, and Ariel Zetlin-Jones, and is sponsored by the Federal Reserve Bank of Philadelphia and Carnegie Mellon University, Tepper School of Business.  If you are interested in attending the conference, you may register here before April 19th.

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