Virgiliu Midrigan

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Recent Commentary

On the Importance of Household versus Firm Credit Frictions in the Great Recession

by Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan, Elena Pastorinovia Economics Working Papers
Wednesday, April 1, 2020
Economics Working Paper 20110
Analysis and Commentary

Asset Prices And Unemployment Fluctuations

by Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan, Elena Pastorinovia The National Bureau Of Economic Research
Tuesday, December 31, 2019

Recent critiques have demonstrated that existing attempts to account for the unemployment volatility puzzle of search models are inconsistent with the procylicality of the opportunity cost of employment, the cyclicality of wages, and the volatility of risk-free rates. 

Asset Prices and Unemployment Fluctuations

by Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan, Elena Pastorinovia Economics Working Papers
Friday, November 1, 2019
Economics Working Paper 19119