# Publications Search Within Results Search Within Results search ## 26 results Show filters filter\_alt Sort by Year of PublicationAlphabetical A-Z sort ## 26 results Download 26 citations download- [BibTeX](/node/736731/export?format=bibtex) - [EndNote X3 XML](/node/736731/export?format=endnote8) - [EndNote 7 XML](/node/736731/export?format=endnote7) - [Endnote tagged](/node/736731/export?format=tagged) - [Marc](/node/736731/export?format=marc) - [PubMedId](/node/736731/export?format=pubmed_id) - [RIS](/node/736731/export?format=ris) ### Working Paper Chodorow-Reich, Gabriel, Edward Glaeser, Xavier Jaravel, and Avi Lipton. 2026. “[Homeownership and the Cost of Living](https://chodorowreich.scholars.harvard.edu/resource/homeownership-and-cost-living).” Chodorow-Reich, Gabriel, Edward Glaeser, Xavier Jaravel, and Avi Lipton. 2026. “[Homeownership and the Cost of Living](https://chodorowreich.scholars.harvard.edu/resource/homeownership-and-cost-living).” - add\_circle do\_not\_disturb\_on Abstract How should price indices account for durable goods like housing, which are debt-financed, held for years, and resold? The U.S. Consumer Price Index equates owner costs with rental costs, which often diverge dramatically from the one-period user cost of... Chodorow-Reich, Gabriel, Plamen Nenov, Vitor Santos, and Alp Simsek. 2026. “[Stock Market Wealth and Entrepreneurship](https://chodorowreich.scholars.harvard.edu/resource/stock-market-wealth-and-entrepreneurship).” Chodorow-Reich, Gabriel, Plamen Nenov, Vitor Santos, and Alp Simsek. 2026. “[Stock Market Wealth and Entrepreneurship](https://chodorowreich.scholars.harvard.edu/resource/stock-market-wealth-and-entrepreneurship).” - add\_circle do\_not\_disturb\_on Abstract We use data on stock portfolios of Norwegian households to show that stock market wealth increases entrepreneurship by relaxing financial constraints. Our research design isolates idiosyncratic variation in household-level stock market returns. An... ### 2026 Chodorow-Reich, Gabriel, and Neil Mehrotra. 2026. “[Housing Policy, Inflation, and Monetary Policy: An Unorthodox View](https://www.brookings.edu/wp-content/uploads/2026/02/20260206_ES_SupplySideInflationPapers_ChodorowReichMehrotra.pdf).” Chodorow-Reich, Gabriel, and Neil Mehrotra. 2026. “[Housing Policy, Inflation, and Monetary Policy: An Unorthodox View](https://www.brookings.edu/wp-content/uploads/2026/02/20260206_ES_SupplySideInflationPapers_ChodorowReichMehrotra.pdf).” ### 2025 Chodorow-Reich, Gabriel, Matthew Smith, Owen Zidar, and Eric Zwick. 2025. “[Tax Policy and Investment in a Global Economy](/publications/tax-policy-and-investment-global-economy).” Chodorow-Reich, Gabriel, Matthew Smith, Owen Zidar, and Eric Zwick. 2025. “[Tax Policy and Investment in a Global Economy](/publications/tax-policy-and-investment-global-economy).” - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdfDownload paper](/sites/g/files/omnuum7686/files/2025-06/tcja.pdf) We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change... - [ picture\_as\_pdfDownload paper](/sites/g/files/omnuum7686/files/2025-06/tcja.pdf) Chodorow-Reich, Gabriel. 2025. “[The Neoclassical Theory of Firm Investment and Taxes: A Reassessment](https://chodorowreich.scholars.harvard.edu/resource/neoclassical-investment-and-taxes).” Chodorow-Reich, Gabriel. 2025. “[The Neoclassical Theory of Firm Investment and Taxes: A Reassessment](https://chodorowreich.scholars.harvard.edu/resource/neoclassical-investment-and-taxes).” - add\_circle do\_not\_disturb\_on Abstract Economists have widely varying opinions of how corporate taxation affects aggregate investment, output, and wages. This disagreement reflects a 60-year history of mis-application of the neoclassical theory of investment to interpret empirical work and... ### 2024 Chodorow-Reich, Gabriel, Owen Zidar, and Eric Zwick. 2024. “[Lessons from the Biggest Business Tax Cut in US History](/publications/lessons-biggest-business-tax-cut-us-history)”. *Journal of Economic Perspectives* 38 (3): 61-88. Chodorow-Reich, Gabriel, Owen Zidar, and Eric Zwick. 2024. “[Lessons from the Biggest Business Tax Cut in US History](/publications/lessons-biggest-business-tax-cut-us-history)”. *Journal of Economic Perspectives* 38 (3): 61-88. - add\_circle do\_not\_disturb\_on Abstract - [ descriptionPublisher's Version](https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.38.3.61) - [ picture\_as\_pdfDownload paper (Copyright...](/sites/g/files/omnuum7686/files/chodorow-reich-et-al-2024-lessons-from-the-biggest-business-tax-cut-in-us-history.pdf) We assess the business provisions of the 2017 Tax Cuts and Jobs Act, the biggest corporate tax cut in US history. We draw five lessons. First, corporate tax revenue fell by 40 percent due to the lower rate and more generous expensing. Second, firms with... - [ descriptionPublisher's Version](https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.38.3.61) - [ picture\_as\_pdfDownload paper (Copyright...](/sites/g/files/omnuum7686/files/chodorow-reich-et-al-2024-lessons-from-the-biggest-business-tax-cut-in-us-history.pdf) Chodorow-Reich, Gabriel, Adam Guren, and Timothy McQuade. 2024. “[The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View](/publications/2000s-housing-cycle-2020-hindsighta-neo-kindlebergerian-view)”. *Review of Economic Studies* 9 (2): 785–816. Chodorow-Reich, Gabriel, Adam Guren, and Timothy McQuade. 2024. “[The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View](/publications/2000s-housing-cycle-2020-hindsighta-neo-kindlebergerian-view)”. *Review of Economic Studies* 9 (2): 785–816. - add\_circle do\_not\_disturb\_on Abstract - [ descriptionPublisher's Version](https://academic.oup.com/restud/advance-article/doi/10.1093/restud/rdad045/7127722?utm_source=authortollfreelink&utm_campaign=restud&utm_medium=email&guestAccessKey=bb0be110-1447-466c-b8db-4990158ae9f0) - [ picture\_as\_pdfDownload preprint](/sites/g/files/omnuum7686/files/chodorow-reich/files/crgm_hindsight.pdf) - [ picture\_as\_pdfOnline appendix](/sites/g/files/omnuum7686/files/chodorow-reich/files/crgm_hindsight_online_appendix.pdf) - [ downloadDownload online appendix](/sites/g/files/omnuum7686/files/2025-06/CRGM_hindsight_online_appendix.pdf) With ``2020 hindsight,'' the 2000s housing cycle is not a boom-bust but a boom-bust-rebound. Using a spatial equilibrium regression in which house prices are determined by income, amenities, urbanization, and supply, we show that long-run city-level... - [ descriptionPublisher's Version](https://academic.oup.com/restud/advance-article/doi/10.1093/restud/rdad045/7127722?utm_source=authortollfreelink&utm_campaign=restud&utm_medium=email&guestAccessKey=bb0be110-1447-466c-b8db-4990158ae9f0) - [ picture\_as\_pdfDownload preprint](/sites/g/files/omnuum7686/files/chodorow-reich/files/crgm_hindsight.pdf) - [ picture\_as\_pdfOnline appendix](/sites/g/files/omnuum7686/files/chodorow-reich/files/crgm_hindsight_online_appendix.pdf) - [ downloadDownload online appendix](/sites/g/files/omnuum7686/files/2025-06/CRGM_hindsight_online_appendix.pdf) ### 2023 Chodorow-Reich, Gabriel, Loukas Karabarbounis, and Rohan Kekre. 2023. “[The Macroeconomics of the Greek Depression](/publications/macroeconomics-greek-depression)”. *American Economic Review* 113 (9): 2411-57. Chodorow-Reich, Gabriel, Loukas Karabarbounis, and Rohan Kekre. 2023. “[The Macroeconomics of the Greek Depression](/publications/macroeconomics-greek-depression)”. *American Economic Review* 113 (9): 2411-57. - add\_circle do\_not\_disturb\_on Abstract - [ descriptionPublisher's Version](https://www.aeaweb.org/articles?id=10.1257/aer.20210864) - [ picture\_as\_pdfDownload paper (copyright...](/sites/g/files/omnuum7686/files/chodorow-reich/files/greece_macro.pdf) - [ picture\_as\_pdfDownload online appendix](/sites/g/files/omnuum7686/files/chodorow-reich/files/greece_fiscal_appendix.pdf) The Greek economy experienced a boom until 2007, followed by a decade-long collapse with magnitude and persistence that have no precedent among modern developed economies. We assess quantitatively the sources of the boom and bust and the role of policies... - [ descriptionPublisher's Version](https://www.aeaweb.org/articles?id=10.1257/aer.20210864) - [ picture\_as\_pdfDownload paper (copyright...](/sites/g/files/omnuum7686/files/chodorow-reich/files/greece_macro.pdf) - [ picture\_as\_pdfDownload online appendix](/sites/g/files/omnuum7686/files/chodorow-reich/files/greece_fiscal_appendix.pdf) ### 2022 Chodorow-Reich, Gabriel, and Antonio Falato. 2022. “[The Loan Covenant Channel: How Bank Health Transmits to the Real Economy](/publications/loan-covenant-channel-how-bank-health-transmits-real-economy)”. *Journal of Finance* 77 (1): 85-128. Chodorow-Reich, Gabriel, and Antonio Falato. 2022. “[The Loan Covenant Channel: How Bank Health Transmits to the Real Economy](/publications/loan-covenant-channel-how-bank-health-transmits-real-economy)”. *Journal of Finance* 77 (1): 85-128. - add\_circle do\_not\_disturb\_on Abstract - [ descriptionPublisher's Version](https://onlinelibrary.wiley.com/doi/10.1111/jofi.13074) - [ picture\_as\_pdfDownload preprint](/sites/g/files/omnuum7686/files/chodorow-reich/files/covenant_channel.pdf) We document the importance of covenant violations in transmitting bank health to nonfinancial firms using a new supervisory data set of bank loans. Roughly one-third of loans in our data breach a covenant during the 2008-09 period, providing lenders the... - [ descriptionPublisher's Version](https://onlinelibrary.wiley.com/doi/10.1111/jofi.13074) - [ picture\_as\_pdfDownload preprint](/sites/g/files/omnuum7686/files/chodorow-reich/files/covenant_channel.pdf) Chodorow-Reich, Gabriel, Olivier Darmouni, Stephan Luck, and Matthew Plosser. 2022. “[Bank Liquidity Provision Across the Firm Size Distribution](/publications/bank-liquidity-provision-across-firm-size-distribution)”. *Journal of Financial Economics* 144 (3): 908-32. Chodorow-Reich, Gabriel, Olivier Darmouni, Stephan Luck, and Matthew Plosser. 2022. “[Bank Liquidity Provision Across the Firm Size Distribution](/publications/bank-liquidity-provision-across-firm-size-distribution)”. *Journal of Financial Economics* 144 (3): 908-32. - add\_circle do\_not\_disturb\_on Abstract - [ descriptionPublisher's Version](https://www.sciencedirect.com/science/article/abs/pii/S0304405X21003056) - [ picture\_as\_pdfDownload preprint](/sites/g/files/omnuum7686/files/chodorow-reich/files/crdlp_bank_liquidity_provision.pdf) - [ picture\_as\_pdfDownload appendix](/sites/g/files/omnuum7686/files/chodorow-reich/files/crdlp_bank_liquidity_provision_appendix.pdf) We use supervisory loan-level data to document that small firms (SMEs) obtain shorter maturity credit lines than large firms; have less active maturity management; post more collateral; have higher utilization rates; and pay higher spreads. We rationalize... - [ descriptionPublisher's Version](https://www.sciencedirect.com/science/article/abs/pii/S0304405X21003056) - [ picture\_as\_pdfDownload preprint](/sites/g/files/omnuum7686/files/chodorow-reich/files/crdlp_bank_liquidity_provision.pdf) - [ picture\_as\_pdfDownload appendix](/sites/g/files/omnuum7686/files/chodorow-reich/files/crdlp_bank_liquidity_provision_appendix.pdf) Chodorow-Reich, Gabriel, Peter Ganong, and Jonathan Gruber. 2022. “[Should We Have Automatic Triggers for Unemployment Benefit Duration And How Costly Would They Be?](/publications/should-we-have-automatic-triggers-unemployment-benefit-duration-and-how)”. *AEA Papers and Proceedings*. Chodorow-Reich, Gabriel, Peter Ganong, and Jonathan Gruber. 2022. “[Should We Have Automatic Triggers for Unemployment Benefit Duration And How Costly Would They Be?](/publications/should-we-have-automatic-triggers-unemployment-benefit-duration-and-how)”. *AEA Papers and Proceedings*. - add\_circle do\_not\_disturb\_on Abstract - [ descriptionPublisher's Version](https://pubs.aeaweb.org/doi/pdfplus/10.1257/pandp.20221075) - [ picture\_as\_pdfDownload preprint](/sites/g/files/omnuum7686/files/chodorow-reich/files/ui_triggers.pdf) We model automatic trigger policies for unemployment insurance by simulating a weekly panel of individual labor market histories, grouped by state. We reach three conclusions: (i) policies designed to trigger immediately at the onset of a recession... - [ descriptionPublisher's Version](https://pubs.aeaweb.org/doi/pdfplus/10.1257/pandp.20221075) - [ picture\_as\_pdfDownload preprint](/sites/g/files/omnuum7686/files/chodorow-reich/files/ui_triggers.pdf) Chodorow-Reich, Gabriel, Ben Iverson, and Adi Sunderam. 2022. “[Lessons Learned from Support to Business During COVID-19](/publications/lessons-learned-support-business-during-covid-19)”. In *Recession Remedies: Lessons Learned from TheU.S. Economic Policy Response to COVID-19*, edited by Wendy Edelberg, Louise Sheiner, and David Wessel, 123-62. Washington, D.C.: Brookings Institution. Chodorow-Reich, Gabriel, Ben Iverson, and Adi Sunderam. 2022. “[Lessons Learned from Support to Business During COVID-19](/publications/lessons-learned-support-business-during-covid-19)”. In *Recession Remedies: Lessons Learned from TheU.S. Economic Policy Response to COVID-19*, edited by Wendy Edelberg, Louise Sheiner, and David Wessel, 123-62. Washington, D.C.: Brookings Institution. - [ descriptionPublisher's Version](https://www.hamiltonproject.org/wp-content/uploads/2023/01/Lessons_Learned_from_Support_to_Business_during_COVID-19.pdf) - [ descriptionPublisher's Version](https://www.hamiltonproject.org/wp-content/uploads/2023/01/Lessons_Learned_from_Support_to_Business_during_COVID-19.pdf) - Previous page chevron\_left - [1](?page=0 "Current page") - [2](?page=1 "Go to page 2") - [3](?page=2 "Go to page 3") - [ Next page chevron\_right ](?page=1 "Go to next page")